on the last trading day of this week, the Shanghai index changed from green to red, the gem index contracted, and most stocks in Shanghai and Shenzhen were red. Analysts remain optimistic about the market next week.
This week, A-Shares recovered slightly, and the oversold track rebounded.
On February 18, A-Shares opened low and went high, and the individual stock sector rose more or fell less, especially the rise in the late trading, leaving room for optimism for the market next week.
In an interview with the reporter of the international finance news, relevant analysts analyzed that after the previous sharp correction, A-Shares have indeed rebounded recently, but it is too early to see the bottom. I am afraid that after this round of rebound, the continued redemption of public and private offerings will lead to the second round of selling pressure. In terms of sectors, cyclical stocks such as coal performed well and were the preferred allocation sector in the first quarter
has rebounded but has not yet bottomed
On the last trading day of this week, the Shanghai index changed from green to red, closing up 0.66% to 3490.76 points; Gem index fell to 0.46% to 2826.81 points.
A total of 3061 individual stocks in Shanghai and Shenzhen were popular, and 71 stocks rose by the limit; 1446 stocks closed lower, with one falling limit stock.
the project of "counting from the east to the west" was officially launched, and data concept stocks set off a wave of trading. More than 10 stocks such as , Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) and Guangdong Aofei Data Technology Co.Ltd(300738) , Inesa Intelligent Tech Inc(600602) , Ningbo Construction Co.Ltd(601789) , Shanghai Athub Co.Ltd(603881) rose by more than 10%.
Among the 31 shenwanyi industries, 26 are popular. coal and real estate rose by more than 3%, and Anyuan Coal Industry Group Co.Ltd(600397) , Tahoe Group Co.Ltd(000732) , Black Peony (Group) Co.Ltd(600510) , Macrolink Culturaltainment Development Co.Ltd(000620) , Chongqingyukaifaco.Ltd(000514) stocks rose by the limit; Steel and building decoration rose by more than 2%, and Jiangsu Shagang Co.Ltd(002075) , Shenzhen Urban Transport Planning Center Co.Ltd(301091) , Shenzhen Capol International&Associatesco.Ltd(002949) , Ningbo Construction Co.Ltd(601789) , Chengbang Eco-Environment Co.Ltd(603316) , Yuancheng Environment Co.Ltd(603388) , Zhejiang Construction Investment Group Co.Ltd(002761) , Shenzhen Qixin Group Co.Ltd(002781) , Arcplus Group Plc(600629) , Tengda Construction Group Co.Ltd(600512) rose one after another.
Power equipment with continuous correction during the year fell by 1.21%. Contemporary Amperex Technology Co.Limited(300750) , Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) decreased by more than 1%, and Eve Energy Co.Ltd(300014) decreased by more than 4%.
It is worth mentioning that according to the market of in the past five days, both A-Shares and oversold sectors showed a warming trend. The stock index rose 0.8% in the past five days, and the gem index rose 2.93% during the period. New energy, technology and medicine, which continued to decline during the year, rebounded recently.
taking the concept of Ning portfolio as an example, it fell slightly by 0.91% today, but it has increased by 7.5% in the past five days, and the decline since the beginning of the year has shrunk to 15.81%. Individual stocks such as Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Eve Energy Co.Ltd(300014) , Sungrow Power Supply Co.Ltd(300274) , Sanan Optoelectronics Co.Ltd(600703) , Bloomage Biotechnology Corporation Limited(688363) , Will Semiconductor Co.Ltd.Shanghai(603501) rebounded sharply today, but all fell by more than 20% during the year.
In an interview with the reporter of the international finance news, Hu Po, the fund manager of private placement network, said frankly that after experiencing extreme panic, the A-share market rebounded recently, and all major indexes and sectors recovered to a certain extent. but it may be too early to say the bottom of the current position. It is not ruled out that after the rebound, the continued redemption of public and private offerings will lead to the second round of selling pressure.
cyclical stocks are the first choice in the first quarter
Since the beginning of the year, A-share sentiment has changed significantly from positive to downturn, and the daily turnover of Shanghai and Shenzhen stock markets has been less than trillion yuan for 16 consecutive trading days. The double carbon track, semiconductor and medicine obviously retreated and fell, while coal, petroleum, petrochemical and steel rose against the trend, especially the coal sector rose ahead in the year, and relevant stocks rose sharply in the year.
So, how should investors allocate in the first quarter?
Zhao Yuanyuan, investment director of Jianhong times, said in an interview with the reporter of international finance that since the central economic work conference established the tone of stable growth at the end of 2021, currency and finance have shown a double loose trend. In addition, the situation in Russia and Ukraine has pushed up commodity prices, therefore, cyclical stocks are the first choice in the first quarter of 2022, followed by growth stocks such as digital economy. This style should continue until the monetary or fiscal tone changes. if the economic data from January to February 2022 do not change much than expected, the reversal of this policy tone will generally wait until the first quarter data is released, that is, mid April.
Zhao Yuanyuan further analyzed that new energy vehicles and Baijiu are heavy foreign capital stocks, and there will not be any big rebound before us inflation expectations or the Fed's currency keynote changes. The medicine does not meet the market risk appetite in the first quarter, but there may be short-term opportunities due to events such as the (Hong Kong) epidemic.
Hu Bo told reporters: "from the perspective of the overall track level, we think the cyclical stocks of the market value class may have better allocation value. After the oversold of the science and technology growth track, it may also usher in the opportunity of layout. However, the upstream, middle and downstream trend of the high boom science and technology track will be differentiated, and higher requirements will be put forward for the research ability of individual stocks."
For the coal track, Zhongtai Securities Co.Ltd(600918) pointed out that coal stocks have ushered in a better investment time. coal has long been a blue chip stock with undervalued value and high dividend. After experiencing the sharp rise and fall of coal price in 2021, the fluctuation of coal price will be greatly reduced under policy regulation in 2022. The fluctuation range is also relatively clear. The profitability of coal enterprises is generally better and more stable. After the sharp correction in the early stage, the valuation is generally low. We still emphasize the value of the stock capacity of the coal industry, and we must pay attention to it.
For the choice of high boom track after the crash, Guosheng Securities pointed out in the research report that after the trading bottom appears, from the perspective of trading sentiment, lithium and photovoltaic rebound is more flexible; The degree of withdrawal is the most significant, the strength index has been reduced to the absolute position, and has strong flexibility in the short term. in addition, the kinetic energy of going northward to continue additional allocation and financing has rebounded, and there is a high probability that the capital will not continue to pose a disturbance.
