Today (February 18), the Shanghai and Shenzhen stock markets opened low across the board. After the stock index fluctuated at the beginning of the session, there was a differentiation pattern again. The Shanghai index gradually fluctuated and rose. Under the leadership of the new and old infrastructure sectors, the Shanghai index quickly turned red, while the gem index and Shenzhen Composite Index performed relatively weakly; In the afternoon, the stock index continued to fluctuate at a low level, the Shanghai index and Shenzhen Composite Index rose at the end of the day, and the gem index also bottomed out and rebounded.
As of the closing of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.66%, and the daily K-line rose for four consecutive days to 3490.76 points; The Shenzhen Component Index rose 0.27% to 13459.68 points; The gem index fell 0.46% to 2826.81.
From the disk point of view, the light index and heavy individual stock market continued, the industry and concept sectors rose more or fell less, and the local profit-making effect was prominent. In terms of industry, coal, steel, engineering construction, cement and building materials, decoration, communication, port and shipping and other industries led the increase; In terms of subject stocks, East digital West computing, data center, covid-19 drugs, cloud computing, rental and sale of the same rights, digital economy, smart city and other gains were higher.
In terms of funds, the central bank announced on February 18 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 18, 2022, with a bid winning interest rate of 2.10%. Today, 20 billion yuan of reverse repo and 200 billion yuan of MLF are due, of which the people's Bank of China has renewed the MLF due today in advance on February 15. According to the full caliber calculation, the people's Bank of China realized a net withdrawal of 210 billion yuan today.
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 China Securities News, on February 17, the reporter learned that the national development and Reform Commission, the central network information office, the Ministry of industry and information technology and the National Energy Administration jointly issued a notice agreeing to start the construction of National Computing hub nodes in 8 places, including Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, And 10 national data center clusters are planned. The overall layout design of the national integrated big data center system was completed, and the project of "counting from the east to the west" was officially launched.
2. According to the first financial report, the national development and Reform Commission issued several policies to promote the steady growth of industrial economy. The notice proposes to organize and implement the special action for the innovative development of photovoltaic industry, implement the construction of large-scale wind power photovoltaic bases in desert Gobi desert areas, encourage the development of distributed photovoltaic in the Middle East, promote the development of offshore wind power in Guangdong, Fujian, Zhejiang, Jiangsu and Shandong, and drive the investment in Cecep Solar Energy Co.Ltd(000591) battery and wind power equipment industry chain. Promote the transformation and upgrading of coal-fired power units with a coal consumption of more than 300g standard coal / kWh, implement the flexible transformation of coal-fired power units in northwest, northeast and North China, and speed up the transformation of heating units; For the planned trans provincial transmission lines and qualified supporting power supply, we should speed up the approval of commencement, construction and operation, and drive the investment in equipment manufacturing industry.
3. According to the data released by China Automobile Association, the output of new energy vehicles in January was 452000, a month on month decrease of 12.6% and a year-on-year increase of 133.2%; The sales volume was 431000, a month on month decrease of 18.6% and a year-on-year increase of 135.8%.
4. According to the first financial news, the national development and Reform Commission and other departments issued several policies on promoting the recovery and development of difficult industries in the service industry, and suspended the advance payment of value-added tax by air transport enterprises for one year in 2022. Research, coordinate and promote China Aviation Fuel Group Co., Ltd. to negotiate with upstream enterprises to cancel the marine transportation premium (US $2 / barrel), port fee (50 yuan / ton) and other expenses included in the price of aviation kerosene. Encourage banking financial institutions to increase credit support for hub airports. Encourage qualified airlines to issue corporate credit bonds and broaden the diversified financing channels of airlines. Establish a green channel for airlines and civil aviation airports seriously affected by the epidemic to register and issue debt financing instruments.
institutional perspective
For the current market, Haitong Securities Company Limited(600837) said that what has the most impact on the market in the near future is the expectation of interest rate increase by the Federal Reserve and the geopolitical friction between Russia and Ukraine. In the follow-up, we need to pay close attention to the process of relevant events. Operationally, when the market is still in the game of stock funds, the structural market is still the main theme. On the one hand, we can continue to track the trend of undervalued varieties in the weak market. On the other hand, we should pay attention to the rebound opportunities of growth stocks after the index oversold.
Orient Securities Company Limited(600958) mentioned that when the transaction cannot be effectively enlarged, the game characteristics of the market stock are obvious, the wait-and-see mentality of OTC funds is heavy, and the performance of track stocks and cycle stocks turns, but it failed to drive the stock index out of the market. The market trend opportunities still need to be changed by external factors such as policy and capital. It is expected that the stock index is more likely to be slightly sorted out in the short term, and continue to pay attention to the rebound opportunities of undervalued blue chips and track stocks.
Zhongtai Securities Co.Ltd(600918) pointed out that the current economic data in the first quarter exceeded expectations and the potential benefits of the comprehensive registration system. It is expected that the undervalued blue chip line will last at least until the first half of this year. As mentioned earlier, it is expected that the economic data in the first quarter of this year will be significantly better than the pessimistic expectations of the market, superimposed with potential benefits - the impact of the comprehensive registration system on the financial sector, steady growth and the end of the three-year pilot reform of state-owned enterprises are all concentrated on undervalued blue chips. This year, with the comprehensive registration system, including the acceleration of small ticket supply and delisting mechanism, large and small tickets may "attack and defend different trends" again.
In addition, the performance of the state-owned enterprises continues to be higher than the expectation of the reform of state-owned enterprises, and the "performance forecast" of the "918" sector is still optimistic about the continuous growth of the performance of the state-owned enterprises. In addition, we recommend that the performance of the "918" sector continues to be higher than the expected growth of the annual report.
2) for the midstream manufacturing sector, considering the bright data on the investment side of advanced manufacturing industry in 2021, combined with the forecast of the annual report, the subdivided fields of high-end manufacturing, intelligent manufacturing and high technical barriers also deserve continuous attention.
3) in the downstream consumption sector, it is recommended to continue to pay attention to the required consumption related varieties that have a good competition pattern in the industry and can quickly improve the profit margin under the expectation of price increase.
