Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index fell 0.96% to close at 3468.04 points; The Shenzhen Component Index fell 1.29% to close at 13497.11 points; The gem index fell 1.38% to close at 2765.91.
[industry tracking] industry: 4 industries rose and 26 industries fell. Among them, nonferrous metals, petrochemicals and coal sectors led the increase, with increases of 1.69%, 0.76% and 0.32% respectively; Media, food and beverage, household appliances and other sectors led the decline, with a decline of – 3.65%, – 2.62% and – 2.51%.
Comments
Nonferrous metals sector led the gains. The rise was mainly led by related resource enterprises in the upstream of new energy. According to the data released by Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , the quotation of some lithium battery materials continued to rise today, and the metal lithium increased by 60000 yuan / ton; Lithium carbonate rose 9000-10000 yuan / ton, and the continuous rise in the price of lithium battery materials promoted the strength of relevant sectors in the upstream of new energy; From the demand side perspective, under the background of increasing penetration of new energy vehicles, the industry demand is expected to remain high in the future, which will support the industry profits. In terms of individual stocks, Tibet Summit Resources Co.Ltd(600338) limit, Chengxin Lithium Group Co.Ltd(002240) , Bgt Group Co.Ltd(300774) rose 8.14% and 7.48% respectively.
The petroleum and petrochemical sector led the gains. On the evening of the 21st, Russian President Vladimir Putin announced his recognition of eastern Ukraine as an independent country. The deterioration of international relations has heated up the risk aversion of global funds. In addition, Russia, as a major oil country, has contributed 12% and 21% of the total global oil and gas exports. The conflict between Russia and Ukraine has caused some disturbance to the prices of such major commodities. Today, the price of Brent crude oil futures once exceeded US $95. Therefore, under the catalysis of the news, the petroleum and petrochemical sector strengthened. In terms of individual stocks, Hunan Heshun Petroleum Co.Ltd(603353) limit, Xinjiang International Industry Co.Ltd(000159) , Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) rose 7.40% and 7.07% respectively.
The concept of gold is stronger. The gold sector is mainly catalyzed by overseas tensions, the gradual escalation of the conflict between Russia and Ukraine and the complexity of the international situation. Funds prefer assets with strong safety margin. The safe haven nature of gold has pushed gold prices higher. In terms of individual stocks, Chenzhou City Jingui Silver Industry Co.Ltd(002716) , Western Region Gold Co.Ltd(601069) limit, Hunan Gold Corporation Limited(002155) rose 5.05%.
Outlook
Today, the market fell significantly, mainly due to the impact of overseas risk transmission. The conflict between Russia and Ukraine has caused a certain disturbance to the global asset price. Affected by this, the net outflow of northward funds in a single day exceeded 7 billion yuan. In the future, from the perspective of valuation, after nearly two months of correction, the overall valuation of A-Shares is relatively reasonable and has a certain margin of safety. At the same time, the tone of “steady growth” this year is clear, so there is no need to worry too much about the market. At the allocation level, more attention should be paid to the direction with performance support or policy force, such as nonferrous metals, Eastern digital Western computing, infrastructure, green power, gold, etc.
Risk warning: the profit of the enterprise is less than expected; Increased volatility in overseas markets; Systemic risk
