On February 17, the stock index rose in the morning and fell in the afternoon, turning green at one time and red at the end; Shenzhen Component Index and gem index rose for a time, and then the increase narrowed to maintain a strong shock trend; The turnover of the two cities has been enlarged, with a daily turnover of more than 900 billion yuan and a net purchase of more than 1.7 billion yuan from the north. As of the close, the Shanghai index rose 0.06% to 3468.04 points, the Shenzhen Composite Index rose 0.35% to 13422.9 points, and the gem index rose 0.76% to 2839.83 points; The total turnover of the two cities was 9088 yuan, and the net purchase of northbound funds was 1.72 billion yuan.
In this regard, Yuanda pointed out that today, the Shanghai index explored the gap, but it did not make up all of it in the end. In the short term, there is still volatile demand. Continue to control positions before the market trend turns. In terms of market hot spots, the large infrastructure construction and growth stocks have repeatedly formed a table tennis effect, and the oversold sector rebounded and rotated, but who can become the main line in the end is still unknown. In the short term, the trend of large infrastructure construction is significantly better than that of growth stocks. Therefore, it is recommended to continue balanced allocation. It is not recommended to increase positions for growth stocks. The direction of large infrastructure construction can continue to be held, and the operation within half positions is still controlled as a whole.
Bairuiying believes that technically, the index rose and fell again, but the stepping back is still effectively supported. At present, in the long and short double headed confrontation, the demand for repeated short-term shocks is strong, so it is not suitable to follow the trend excessively for the time being. If the index is created, it is still oversold and rebounded for the time being. In the later stage, we will pay attention to whether the technical indicators can turn upward to provide support for the index. Strategically, the situation in Ukraine is tense, and external unstable factors have a great impact, affecting the instability of the A-share market. Although there is little space under the current market, it is obvious that the short-term volatility risk of A-share is relatively strong if the general environment is not eased. Therefore, in terms of operation, we should temporarily maintain a relatively cautious attitude and patiently wait for the low position layout opportunity after the end of the second dip.
Dexun Zhenggu pointed out that the market fluctuated in a narrow range, and individual stocks fell more and rose less. Market style switching, Shanghai weak, Shenzhen strong. Heavyweight stocks are slightly stronger, which has played a role in protecting the market against selling pressure. However, the phenomenon of killing and falling of medium and small market value stocks is obvious. Although it has not destroyed the stabilization results of various parties, we should be careful that the lack of weight afterforce in the future will lead to stampede. Plate rotation is fast, do not chase high in the intraday, which is conducive to timely settlement. With the gradual restoration of market sentiment, the market is expected to stabilize due to shocks. We should pay attention to the release of volume and energy and the sustainability of main varieties. Previously, the make-up decline of heavyweights on the gem was more like the last vent of bears. After the panic, there was a technical rebound. However, it should be noted here that the market's volume energy has not returned to the previous state. The medium and long-term upward logic remains unchanged, but the market may face the trend of front row differentiation in the short term. Under the background of loose liquidity and rising overseas uncertainty risks, the market may start the spring market with a slow fluctuation.
Macroscopically, Haitong Securities Company Limited(600837) believes that in the future, as China's steady growth policy continues to increase, infrastructure investment may exceed expectations, and demand may rebound or drive the price of industrial products to rise near the second quarter. Considering the leading nature of real estate sales, the probability of real estate investment in the first half of this year continues to form a drag. The high base effect of superimposing PPI in the second quarter will attack, and the possibility of PPI rebounding significantly year-on-year is not high. Throughout the year, steady growth is the most important goal, and monetary policy will continue to be positive, limited by inflation.
