On February 17, the Shanghai Composite Index rose 0.06%, the Shenzhen Component Index rose 0.35%, and the gem index rose 0.76%. The three major indexes rose for three consecutive trading days. The turnover of Shanghai and Shenzhen stock markets exceeded 900 billion yuan, which was larger than that of the previous trading day, including 355.783 billion yuan in Shanghai and 553.016 billion yuan in Shenzhen.
Analysts said that the market volume has not returned to its previous state, the medium and long-term upward logic remains unchanged, and the market may face a differentiation trend in the short term. Under the background of loose liquidity and rising overseas uncertainty risk, the future market may show a volatile upward trend.
nonferrous metals sector led the rise
From the A-share market on February 17, the performance of lithium battery industry chain was eye-catching, leading the market. In terms of individual stocks, 1580 stocks rose in Shanghai and Shenzhen, of which 59 stocks rose by the daily limit; The number of falling stocks was 2945, and 15 stocks fell by the limit.
Among shenwanyi industries, nonferrous metals, environmental protection and power equipment industries led the increase, rising by 3.09%, 2.24% and 2.14% respectively; The media, social services and real estate industries led the decline, down 1.51%, 1.39% and 1.30% respectively.
In the non-ferrous metal sector, Jinzhou Jixiang Molybdenum Co.Ltd(603399) , Hunan Gold Corporation Limited(002155) , Tianqi Lithium Corporation(002466) , Sinomine Resource Group Co.Ltd(002738) , Western Region Gold Co.Ltd(601069) rose by the limit, and Copper Crown copper foil, Ganfeng Lithium Co.Ltd(002460) , Chengxin Lithium Group Co.Ltd(002240) , Tibet Mineral Development Co.Ltd(000762) rose by more than 6%. In the non-ferrous metal sector, lithium and gold stocks performed strongly.
In the environmental protection sector, Bceg Environmental Remediation Co.Ltd(300958) , Henan Qingshuiyuan Technology Co.Ltd(300437) rose by 20%, and many stocks such as Tus Environmental Science And Technology Development Co.Ltd(000826) , Tianjin Lvyin Landscape And Ecology Construction Co.Ltd(002887) , Poten Environment Group Co.Ltd(603603) rose by the limit.
In the market on the 17th, stocks related to the lithium battery industry chain rose significantly. Zeng Zhiqin, analyst of nonferrous metals industry, said that in terms of demand, the new energy vehicle industry chain has entered the stage of endogenous growth, and the demand pull has strong explosive power. In terms of supply, high-quality new mines are scarce, and the output of overseas stock mines is expected. In the medium and long term, the increment that new projects can provide in the next few years may be very limited, the new lithium supply material is difficult to match the future demand growth, and the contradiction between supply and demand in the industry may exist for a long time. Optimistic about the long-term high prosperity of the lithium resource industry, the allocation value of lithium resource targets with high performance release certainty and significant marginal improvement is prominent.
funds rush to raise lithium shares
At the capital level, the data show that the net inflow of northbound funds on the 17th was 1.72 billion yuan, including 1.637 billion yuan from Shanghai Stock connect and 83 million yuan from Shenzhen Stock connect. From the top ten active stocks of Shanghai Stock connect and Shenzhen Stock connect on the 17th, Byd Company Limited(002594) , Ganfeng Lithium Co.Ltd(002460) and China stock market news ranked first in the net purchase amount of northbound funds, with net purchases of 395 million yuan, 345 million yuan and 339 million yuan respectively; Eve Energy Co.Ltd(300014) , Zhejiang Yongtai Technology Co .Ltd(002326) , Hubei Xingfa Chemicals Group Co.Ltd(600141) were among the top net sales of funds from north, with net sales of 568 million yuan, 355 million yuan and 169 million yuan respectively.
From the perspective of main funds, the data showed that on the 17th, the main funds of the two cities had a net outflow of 6.049 billion yuan, 1879 stocks had a net inflow of main funds, and 2754 stocks had a net outflow of main funds.
In terms of industry, the data showed that on the 17th, the net inflow of main capital in nonferrous metals, power equipment and basic chemical industry ranked first, with a net inflow of 5.565 billion yuan, 4.631 billion yuan and 998 million yuan respectively; The net outflow of main funds from the computer, architectural decoration and media industries ranked first, with a net outflow of 3.208 billion yuan, 2.918 billion yuan and 2.099 billion yuan respectively.
In terms of individual stocks, Tianqi Lithium Corporation(002466) , Ganfeng Lithium Co.Ltd(002460) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) main capital net inflows ranked first, with net inflows of 2.043 billion yuan, 859 million yuan and 775 million yuan respectively. The net outflow amount of Hengbao Co.Ltd(002104) , Wuliangye Yibin Co.Ltd(000858) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) main funds ranked first, with a net outflow of 868 million yuan, 506 million yuan and 419 million yuan respectively. It can be seen that on the 17th, the main funds increased their positions in lithium stocks, while significantly reduced their positions in high-level theme stocks such as Hengbao Co.Ltd(002104) .
structural market is worth looking forward to
Since February 15, the A-share market has rebounded for days, and the three major indexes have risen for three consecutive trading days.
For the future trend, Founder Securities Co.Ltd(601901) chief strategic analyst Yan Xiang said that the oversold is the biggest driving force of the rebound. This round of rebound is expected to continue, and the structure is more optimistic about the performance of small cap stocks of scientific and technological growth.
Cai Fangyuan, a strategic analyst at Galaxy Securities, said that he was optimistic about the market situation in February and was still optimistic about industries and individual stocks with large early correction range and high prosperity. The structural market will focus on specialization, innovation, “double carbon”, meta universe, consumption and other sectors. In the context of relatively loose monetary environment, market sentiment will further pick up and be optimistic about manufacturing and consumer companies with brand advantages.
Wang Hanfeng, chief strategist of China International Capital Corporation Limited(601995) , believes that historically, when the market is relatively low and expectations are low, there are more than expected credit and social finance increments, which have a positive impact on the market in two to three months. If these indicators have certain sustainability, their positive impact on the market will be more obvious. The improvement of forward-looking indicators is conducive to the improvement of growth expectations. In terms of style, “steady growth” is still the main investment line in the future stage. The space for sharp decline of growth style stocks is relatively limited, but investors are advised not to rush to copy the bottom and wait for the opportunity to reverse.
