Yesterday, the bottom of the Russian stock market rebounded, which boosted the short-term sentiment of the market. Today (February 23), the Shanghai and Shenzhen stock markets opened higher across the board, and the positive trend was relatively obvious. With the theme stocks making efforts one after another, leading the gem index to rise in shock, and then the large financial intraday force prompted the Shanghai index to also usher in an upward trend; In the afternoon, the track stocks continued to strengthen, which promoted the three major stock indexes to further rise, with a clear view of the strong pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.93% to 3489.15 points; The Shenzhen Component Index rose 1.90% to 13549.99 points; The gem index showed the strongest trend, with an increase of 2.82% to 2843.87 points.
From the disk point of view, in addition to the adjustment of a few sectors such as precious metals and coal, the industry and concept sectors are almost “red”, and the general rising market reappears. In terms of industry, semiconductors, education, electronic components, chemical raw materials, consumer electronics, diversified finance, auto parts and other industries led the increase; In terms of theme stocks, third-generation semiconductors, automotive chips, silicone, radio and television, etc. rose higher.
In terms of funds, the central bank announced on February 23 that in order to hedge the impact of factors such as the peak of the tax period and maintain stable liquidity at the end of the month, the people’s Bank of China launched a reverse repurchase operation of 200 billion yuan by means of interest rate bidding on February 23, 2022, with a bid winning interest rate of 2.10%. As 10 billion yuan of reverse repo expired today, the people’s Bank of China realized a net investment of 190 billion yuan in the open market today.
hot sector
Top 10 of industry sector increase
Top 10 of industry sector decrease
Top 10 of concept sector increase
Top 10 of concept sector decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound capital
message plane
1. According to Xinhua news agency, on February 22, the “opinions of the CPC Central Committee and the State Council on doing a good job in the key work of comprehensively promoting rural revitalization in 2022” was officially released. This is China’s No. 1 central document after the victory of the poverty alleviation campaign. The document focuses on “stability”, adheres to the general tone of seeking progress while maintaining stability, and firmly adheres to the two bottom lines of ensuring national food security and preventing large-scale return to poverty, so as to ensure stable and increased agricultural production, steady increase of farmers’ income and stability and tranquility in rural areas.
2. According to the Shanghai Securities News, on February 23, Chen maobo, financial secretary of the HKSAR government, released the 2022-2023 budget by video. He mentioned that the working group established by the Hong Kong Securities Regulatory Commission, the Hong Kong Stock Exchange and the HKMA has completed a feasibility study on allowing the southward trading of shares of the “Hong Kong stock connect” to be denominated in RMB and put forward detailed implementation suggestions.
3. According to the website of the national development and Reform Commission, in view of the recent abnormal situation that the supply and demand of the iron ore market is generally stable and the port inventory continues to rise to a multi-year high, but the price rises sharply, the price department of the national development and Reform Commission and the price supervision and Competition Bureau of the State Administration of market supervision jointly organized the Port Association and some port enterprises to hold a special meeting recently, Research on significantly shortening the free storage period of iron ore of trading enterprises, increasing the storage cost of ports, preventing excessive storage and other related work, and guide port enterprises to urge iron ore trading enterprises to release excessive inventory and return to a reasonable level as soon as possible.
4. According to the news on the website of the national development and Reform Commission, on February 22, the national development and Reform Commission and the National Energy Administration jointly organized the Shanxi, Shaanxi and Inner Mongolia coal authorities, some port enterprises and coal price index institutions to hold a meeting to analyze the current coal market price, study and standardize the sampling and release of coal price index and stabilize the market coal price, And further pay close attention to the work of ensuring the supply and price of coal.
institutional perspective
For the current market, Orient Securities Company Limited(600958) mentioned that after nearly two months of adjustment, the market risk has been basically released. At present, the overall valuation of A-Shares is also relatively reasonable. The high boom technology manufacturing industry still has high profitability, and the stock price has also begun to overshoot and rebound. The market is expected to gradually meet the situation of undervaluation + high growth rotation.
Guosheng securities previously said that the risk release of the early adjustment of the two cities’ indexes is relatively sufficient. In the short term, it has entered the horizontal trading shock stage. It takes time to change space. Although the amount of energy is insufficient, it is one of the characteristics of the bottom of the market shock. It is patient to wait for the reduction of market uncertainty, reshape the long expectation, or usher in a wave of rebound.
Guoyuan Securities Company Limited(000728) believes that there are “particularity” in the economic environment. We build confidence, tend to be verified, think more and do less. Since the beginning of the year, the market is weak, the risk appetite is low, and the relative returns of infrastructure and financial sectors under the influence of defensive strategies, undervaluation and steady growth policies are slightly ahead. Based on the current situation, we believe that some uncertainties outside China are clearing out, and A-Shares are expected to stabilize, Confidence should be built gradually, but the investment logic should be verified by economic data and policy signals before making a choice.
Haitong Securities Company Limited(600837) pointed out that recently, the A-share market has been greatly disturbed by the peripheral market, the trading volume has always been maintained in a conservative range, the main line and style of the market are not clear, and the impact of peripheral news on various sectors is more obvious and frequent. There are great differences in the judgment of investors on the future market trend, and the game of stock funds in the market is also obvious. If there is no policy support or continuous improvement of incremental funds, it is more likely to maintain a narrow range of shock consolidation in the short-term market.
In terms of operation, the agency further suggested that investors should watch more and move less, focusing on low absorption. Pay attention to the layout opportunities of traditional infrastructure, military industry, digital economy and other sectors, do not blindly copy the bottom, properly grasp the investment opportunities after the shock bottom building stage, and actively screen the target and relevant sectors with strong defense ability and development potential in the turbulent environment.
