Today (February 17), the Shanghai and Shenzhen stock markets opened low across the board. After the stock index fluctuated at the beginning of trading, it ushered in a rapid rise again. With the outbreak of resource stocks, the index rose straight and turned red smoothly; In the afternoon, overseas emergencies triggered a rapid diving of the index, and the Shanghai index turned green for a time. Fortunately, the stock index stabilized and rebounded rapidly.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.06% to 3468.04 points; The Shenzhen Component Index rose 0.35% to 13422.90 points; The gem index rose 0.76% to 2839.83.
From the disk point of view, the rise and fall of industry and concept sectors are different, and the local profit-making effect is still in existence. In terms of industries, energy metals, precious metals, wind power, environmental protection, utilities, semiconductors, power equipment and other industries led the increase; In terms of subject stocks, salt lake lithium extraction, blade battery, phosphorus chemical industry, medical waste treatment, power battery recycling, virtual power plant, energy storage and other gains were higher.
In terms of funds, the central bank announced on February 17 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on February 17, 2022, with a bid winning interest rate of 2.10%. In view of the maturity of 20 billion yuan of reverse repurchase today, the people’s Bank of China has realized a net return of 10 billion yuan.
hot sector
Top 10 of industry sector increase
Top 10 of industry sector decrease
Top 10 of concept sector increase
Top 10 of concept sector decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to the national development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (February 17). China Central Television financial reporter learned from the national development and Reform Commission that the specific circumstances of the oil price adjustment are as follows: China’s gasoline and diesel prices increased by 210 yuan and 200 yuan per ton respectively. On the national average, 92 gasoline, 95 gasoline and 0 diesel increased by 0.16 yuan, 0.17 yuan and 0.17 yuan per liter respectively.
2. According to the interface news report, on February 17, Shanghai Sunshine pharmaceutical procurement network released the notice on filling in the information of the seventh batch of drugs related to the centralized drug procurement organized by the state, and the official announced that the seventh batch of national drug centralized procurement was officially launched.
3. According to Xinhua news agency, the software institute team of the Chinese Academy of Sciences recently released a new quantum computing programming software, isq core, and successfully deployed it to the world’s leading superconducting quantum hardware platform, marking an important step in the combination of domestic quantum computing software and hardware. The software has the characteristics of simplicity, ease of use, high efficiency, strong scalability and high reliability. It will provide strong support for users to facilitate the use of quantum computing hardware equipment.
4. According to the interface news report, on February 17, the website of China Automobile Association released the notice on the application of new energy vehicle models in the countryside in 2022, and the deadline for application is March 10.
institutional perspective
For the current market, Everbright Securities Company Limited(601788) pointed out that it pays more attention to individual stocks than the index, continues to embrace the mainstream core direction, and wind power and upstream lithium resources are expected to continue the trend of medium-term repair.
It is noteworthy that geopolitics has exacerbated overseas fluctuations. However, YueKai securities previously mentioned that A-Shares are immune to geographical conflicts and the market trend has independent characteristics. From the impact of the “9 / 11 incident” and the Iraq war in 2003, A-Shares have certain immunity to this. For example, in the ten days of the most violent response to the “9 / 11 incident”, the global market fell by more than 10%, but A-Shares fell by less than 3%; One month after the outbreak of the Iraq war in 2003, A-Shares rose 9%, almost leading the world.
In addition, how much is the impact of US inflation on a shares? Changjiang strategy said that 1) the US CPI data exceeded expectations, or led to an increase in the tightening of monetary policy and an advance in time. In terms of breakdown, food prices and electricity prices have increased significantly, and the “wage inflation” spiral has gradually become prominent. 2) China’s inflation level is the leading factor in the valuation of the Chinese market, and the impact of US inflation level on the Chinese market is relatively limited. Relatively speaking, the rise of China’s inflation level is more favorable to the market value style and has less impact on the growth style. 3) The inflation expectations of China and the United States deviate from each other. In the upward environment of China’s inflation expectations, the overall pressure on the Chinese market is small. The valuations of value industries such as mandatory consumption, finance and real estate are supported by the rise of China’s inflation expectations.
Minsheng Securities pointed out that the biggest opportunity in the future is beyond the consensus, which will be different from the market dominated by the core track in the past. It should be emphasized that avoiding institutions is not simply starting from the game. On the contrary, it is precisely because the effective pricing of the past era by the whole market institutional investors in the past 3-5 years has fully discovered the value of the past economic fundamentals. As the current environment changes again, more attention should be paid to the traditional economy and the forgotten corners of the past.
The agency further analyzed that the most promising direction is the resource cycle and finance. Among them, the certainty of long inflation will be stronger than the demand itself: nonferrous metals (copper, gold and aluminum), crude oil (oil and gas exploitation, oil transportation) and coal; Banking, real estate, construction, steel. As the current situation of low – and middle-income people gets more attention, the consumption of Newland Digital Technology Co.Ltd(000997) will also appear. We pay attention to the middle and low-end, second-line and regional brands. Despite the possibility of periodic rebound of growth stocks, we still suggest that the direction should be on the path of the above fundamentals, among which the relatively dominant ones are energy construction (green power and power grid) and the digital economy to ease the contradiction of inflation.
