On February 18, the trend of the three major indexes differentiated in the afternoon, the Shanghai index continued to rise, the K-line continued to rise for four consecutive days, and the gem index continued to fluctuate at a low level. As of the close, the Shanghai index rose 0.66%, the Shenzhen Composite Index rose 0.27%, and the gem index fell 0.46%.
On the disk, affected by the official and comprehensive launch of the “east to West computing” project, the computing power concept, data center, cloud computing and other sectors were strong all day, Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) and other stocks rose by the limit.
Coal, steel, etc. led the increase, while cultivation diamonds, semiconductors, military industry, etc. led the decline.
According to wind data, northbound funds bought a net 4.838 billion yuan throughout the day, including 3.025 billion yuan for Shanghai Stock connect and 1.813 billion yuan for Shenzhen Stock connect. The cumulative net sales of northbound funds this week was nearly 2.4 billion yuan.
[institutional perspective]
Guosheng Securities believes that the current gem refers to the low volume of the two markets, which reflects the lack of incremental funds and insufficient intervention. The main tone in the later stage may be repeated consolidation. It is suggested to focus on two main lines: first, infrastructure under steady growth. At present, there is great downward pressure on the economy. Since the end of last year, a series of important conferences have continued to demonstrate China’s determination to stabilize growth. Infrastructure, as a government led investment field, is expected to bear fruit in a short term. It will play a pillar role in stabilizing growth in the first half of the year, and the infrastructure boom is expected to improve. The second is the direction of environmental protection. The State Council has decided to carry out the third national soil survey from 2022. Before and after the soil survey will drive the demand for a round of soil remediation.
Soochow Securities Co.Ltd(601555) believes that the trend of phased bottoming in the market has been relatively obvious, and it is recommended that investors grasp the structural rotation opportunity of undervalued value and growth track.
