The A-share market fluctuated at a low level again in the morning, and the main indexes rose and fell. The performance of the sector was generally flat, led by coal and other sectors.
However, some stocks have become active again, several stocks have been trading continuously, and the low level of A-share stocks has doubled since February.
The performance of Hong Kong stocks was relatively weak, with overall low volatility.
A shares fluctuated at a low level multiple board stocks rose again
The A-share market fluctuated at a low level again in the morning, with a small fluctuation range. As of midday closing, the Shanghai index rose 0.01%, the Shenzhen composite index fell 0.36% and the gem index fell 0.98%.
In terms of industry sectors, the coal sector led the rise, with an increase of more than 3%, Anyuan Coal Industry Group Co.Ltd(600397) , Guizhou Panjiang Refined Coal Co.Ltd(600395) and other stocks rose by the limit. Steel, real estate and other sectors performed relatively well.
According to the research view of capital securities, the power demand of the whole society is expected to maintain positive growth, with stable performance and valuation repair. According to the forecast of China electricity Union, the electricity consumption of the whole society will increase by 5% - 6% year-on-year in 2022. Capital Securities believes that on the basis of this forecast, the total coal consumption will maintain a positive growth rate in 2022. Superimposed on the steady growth this year, the infrastructure and manufacturing industry will continue to make efforts, the power demand will continue to grow, the coal side capacity limit cannot be reduced in the short term, and the price has risen rapidly since 2021, The upward movement of the price center has basically become a consensus. The fixed asset investment of coal caused by de capacity and "double carbon" has been at a low level for a long time. At present, the release elasticity on the supply side is still insufficient, and the future constraints on the supply side will continue. The reasonable profitability of coal enterprises plays an important role in the replacement and stability of new and old energy in the future, It is estimated that the coal price in 2022 may be expected to maintain the annual average level in 2021, and the high performance level is expected to be maintained this year. At present, the listed companies of high-quality coal are generally at the low PE valuation level of 8-9 times. Looking forward to the future market, capital securities believes that the performance of coal stocks in 2022 is expected to exceed the expectation, and the valuation will have a certain repair space. The double factors of performance and valuation repair are superimposed, Configuration advantages are obvious.
The data center sector strengthened significantly, Beijing Asiacom Information Technology Co.Ltd(301085) , Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) 20cm limit, Inesa Intelligent Tech Inc(600602) , Ningbo Construction Co.Ltd(601789) , Beijing Zznode Technologies Co.Ltd(003007) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) and more than a dozen other stocks. On the news side, the national development and Reform Commission and other departments jointly issued documents and agreed to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao and the Great Bay area, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters. So far, the overall layout design of the national integrated big data center system has been completed, and the "counting from the east to the west" project has been officially launched. Citic Securities Company Limited(600030) pointed out that China has successively issued a number of policies to plan the intensive, large-scale and green development of data centers.
Power equipment, social services, electronics, automobiles and other sectors weakened.
Although the performance of the sector is relatively flat, individual stocks are active again. A number of consecutive trading stocks rose again in the morning, and some stocks rose surprisingly in the stage.
For example, Zhejiang Construction Investment Group Co.Ltd(002761) rose the limit again in the morning. The stock has risen the limit many times recently, and the share price has risen by more than 100% in just a few days.
Zhejiang Construction Investment Group Co.Ltd(002761) continuous sharp rise is not an isolated case.
Ningbo Construction Co.Ltd(601789) the limit has also been raised continuously in recent days, and it was raised again this morning.
Ningbo Construction Co.Ltd(601789) it was announced last night that the holding subsidiary Ningbo Municipal Engineering Construction Group Co., Ltd. (hereinafter referred to as "municipal group") recently received the letter of acceptance of Ningbo public resources trading platform issued by the tenderee Ningbo Ring Expressway connection line Construction Co., Ltd. and the bidding agent Dewei Engineering Management Consulting Co., Ltd. according to the letter of acceptance, Municipal group is the bid winner of bid section II of Century Avenue Expressway (Yongle Road Shahe Interchange) project, with a bid price of about 516.6 million yuan and a construction period of 720 days.
At the same time, Ningbo Construction Co.Ltd(601789) also issued an announcement that the controlling shareholder reduced its holdings of convertible corporate bonds. According to the announcement, on February 17, 2022, the company received the notice from the controlling shareholder Ningbo stock exchange. On February 17, 2022, it reduced 540000 ningjian convertible bonds through the trading system of Shanghai Stock Exchange, accounting for 10% of the total issuance. After the reduction, Ningbo stock exchange held 1074760 ningjian convertible bonds, accounting for 19.90% of the total issuance.
Chengbang Eco-Environment Co.Ltd(603316) also raised the limit again this morning, which is the fifth consecutive trading day of the stock.
Chengbang Eco-Environment Co.Ltd(603316) issued an announcement last night to remind the risk of stock trading.
According to the above announcement, the closing price of the company's shares was 8.29 yuan / share on February 17, 2022, rising again. From February 11 to 17, 2022, the company's shares rose continuously by the limit, with an increase of 43.92% in the range. In the short term, the fluctuation range is large, but there is no significant change in the fundamentals of the company, and there is no major information that should be disclosed. Please pay attention to market transaction risks, make rational decisions and invest prudently.
The announcement said that as of the closing on February 17, 2022, the absolute value of the company's static P / E ratio was 52.89 times. According to the latest P / E ratio data released on the official website of China Securities Index Co., Ltd., the static P / E ratio of the company's industry "civil engineering and construction industry" is 9.51 times. The absolute value of the company's current static P / E ratio is higher than that of the industry in the same period.
In addition, the announcement also said that the company achieved an operating revenue of 876253100 yuan in the first three quarters of 2021, an increase of 15.87% over the same period last year; The net profit attributable to the shareholders of the listed company was 20.2273 million yuan, a decrease of 30.69% over the same period of the previous year.
Chengbang Eco-Environment Co.Ltd(603316) reminds that the capital market is affected by many factors. In this regard, the company reminds investors that they should fully understand the risks of the stock market, pay attention to the trading risks of the secondary market, make prudent decisions, invest rationally, improve risk awareness, and avoid blindly following the trend.
geopolitical tensions gold prices rose continuously
Affected by the news of geopolitical tensions in Ukraine, the price of gold, which is regarded as a safe haven asset, has risen continuously recently.
On the international market, the price of Comex gold futures contract reached about 1900 US dollars / ounce, setting an 8-month high.
The price of China National Gold Group Gold Jewellery Co.Ltd(600916) main futures contracts has also risen continuously recently, approaching 390 yuan / g again.
According to the research view of GF futures, geopolitical risks and the continuous strengthening of commodity prices such as oil prices have once again become the main drivers of the rise of precious metals, and the high inflation pressure has increased the probability of the Federal Reserve raising interest rates by 50 basis points in March. The expectation of the Fed's interest rate increase + table contraction in this round is still being included. It is expected to bring large short-term fluctuations to the price of highly valued assets, but it has relatively less impact on the undervalued precious metals and other assets. Short term inflation concerns and geopolitical risks are expected to be greater than the expected impact of the Fed's interest rate hike, but there is uncertainty in the change of the situation, so it still boosts the price of precious metals. In the medium term, the maintenance shock of US bond yield and US dollar index still has a certain inhibition on the price of precious metals.
Driven by the continuous rise of gold prices, gold stocks in the A-share market have also performed to some extent recently. Shandong Gold Mining Co.Ltd(600547) has been rising continuously recently, but it has been corrected this morning. China National Gold Group Gold Jewellery Co.Ltd(600916) is a similar trend.
In terms of oil price, on the afternoon of February 17, Beijing time, according to the news of China Central Television and the data of Platts energy information company, the spot price of Brent crude oil in the North Sea in the UK market reached US $100.8 per barrel on the 16th, breaking 100 for the first time since 2014.
Affected by the spot Brent spot price exceeding US $100 per barrel, the Brent crude oil futures price once exceeded US $96 per barrel on the same day. Bloomberg analysis, the recent rise in international oil prices is mainly due to crude oil demand exceeding the expectations of the International Energy Agency and other organizations. The report said that the expansion of crude oil demand and the failure of oil producing countries such as the organization of petroleum exporting countries to increase production in accordance with their commitments are all factors driving up oil prices.
Hong Kong stocks fluctuated low
The Hong Kong stock market fluctuated at a low level this morning.
Game stocks rose, the company once rose more than 10%, and Netease changed from decline to rise.
In terms of constituent stocks of Hang Seng technology index, most of them fell during the session, while Netease, Tongcheng travel and Ctrip group performed relatively well.
Hong Kong stocks, real estate and property management stocks rose. In terms of real estate stocks, China Resources Land and green city China led the gains. In terms of property management stocks, Xincheng Yue service and country garden service all rose sharply.
