Looking back on Tuesday's A-share market, the conflict between Russia and Ukraine caused global market turmoil, and A-shares were also dragged down. Shanghai and Shenzhen stock markets opened low across the board, then fell rapidly and walked out of the pulse downward pattern. In the afternoon, the stock index continued its decline, showing a weak shock all day, and individual stocks showed a general decline pattern.
As mentioned in Soochow Securities Co.Ltd(601555) , the speed of style switching may be accelerated in the near future, and the adjustment speed of weight varieties with large increase in the early stage and high valuation may be increased. Operationally, investors can maintain medium and low positions, choose hot varieties with good growth for short-term trading, and choose the opportunity to increase their positions after the market leaves the downward channel.
On Tuesday, the sentiment of Dongguan's securities market was relatively low, and it was suggested that the market for short-term investment and short-term investment of 457 {beverage market was facing a correction. From the perspective of geopolitical shock, the market for short-term investment and short-term investment of 457} was also concerned about the trend of short-term investment, and the market for short-term investment of 2347 {beverage and 457} was relatively low Building decoration, steel, TMT and other industries.
In terms of the future market, Guosheng Securities pointed out that as long as the index is no longer at a new low and maintains the range shock pattern, we can actively pay attention to the market hot spots, grasp the rotation rhythm of the sector, control the position and be cautious to be long . We can focus on the concept of counting from the east to the west, infrastructure, lithium extraction from salt lakes, Rural Revitalization and other sector opportunities.
Central China Securities Co.Ltd(601375) said that the current external factors are unpredictable, which has a more obvious impact on the shareholding mentality of investors. The Shanghai index is still in the adjustment since December 13 last year, and investors have a heavy wait-and-see mentality. It is suggested to continue to pay attention to the changes of policy, capital and external market . It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Guoyuan Securities Company Limited(000728) believes that the economic environment has "particularity". We build confidence, tend to wait for verification, think more and do less. Since the beginning of the year, the market is weak, the risk appetite is low, focus on defensive strategies , and the relative returns of infrastructure and financial sectors under the influence of undervalued and steady growth policies are slightly ahead. Based on the current situation, we believe that some uncertainties outside China are clearing up, A shares are expected to stabilize and confidence should be gradually established, but the investment logic should be verified by economic data and policy signals before making a choice.
Macroscopically, Zhongtai Securities Co.Ltd(600918) pointed out that the current negative factors of are mainly that the situation in Russia and Ukraine is not clear, the US dollar interest rate hike is imminent, and China's economy has yet to recover . However, the stable trend of foreign capital entering the market remains unchanged, China's monetary policy is also expected to remain relatively independent. The recent release of social finance, export and other data may reflect that the economic fundamentals are not as pessimistic as the previous market judgment .
Therefore, the range of policy easing may produce some "expectation difference", which will cause certain fluctuations in asset prices in the short term. The relatively strong sectors such as steel and building materials under the expectation of "steady growth" after the year may be adjusted, but the duration should be relatively limited. it is suggested to be patient with sectors and individual stocks with strong valuation repair logic . In addition, the more popular concept stocks such as East number and West calculation in the near future need to be discriminated and handled with caution.
Haitong Securities Company Limited(600837) said that at present, although A shares face the two core contradictions of the faster rate hike of the Federal Reserve and the realization effect of China's steady growth, in the medium and long term, A-Shares are in the strategic layout stage .
First of all, after nearly two months of release of market sentiment, the risk of A-Shares has basically been fully released, and the current overall valuation of A-Shares is also relatively reasonable.
Secondly, the accelerated implementation of countercyclical regulatory policies in real estate, consumption, infrastructure investment and other aspects will help China's growth gradually stabilize. Moreover, according to the forecast of the annual report of the enterprise, the high boom technology manufacturing industry still has high profitability, and the growth sector with significant adjustment in the early stage also shows signs of rebound after oversold.
Overall, the main line of stable growth may perform slightly better in the short term, but after the subsequent economic stabilization is realized, growth stocks may return to the main line .
In terms of operational strategy, Citic Securities Company Limited(600030) believes that the central "No. 1 document" takes the protection of national food security as the core line , deploys from many aspects, such as the quantity and quality of cultivated land, the income and enthusiasm of grain planting, the revitalization of seed industry and the R & D and promotion of improved varieties, and releases the total factor productivity of grain production, To achieve the strategic goal of "the Chinese people's rice bowl should be firmly in their own hands at all times, and the rice bowl mainly contains Chinese grain".
The agency further analyzed that "No. 1 document" provides continuous, comprehensive and strong policy support and direction guidance for the planting industry chain . The seed industry, biological breeding, grain planting and other related targets will directly benefit from the implementation of relevant policies. It is suggested to pay attention to the seed industry sector and recommend Beijing Dabeinong Technology Group Co.Ltd(002385) with biological breeding R & D advantages and Shandong Denghai Seeds Co.Ltd(002041) as the leader of hybrid maize seed industry with high-quality germplasm resources and variety resources. It is suggested to pay attention to the planting sector and recommend high-quality planting enterprises Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) mainly engaged in rice and wheat.
Minsheng securities mentioned that the biggest main line in the future is still the recovery of demand under supply constraints: under the recovery of demand in the future, supply constraints still exist, which means that the certainty of the recovery of inflation is increasing. There is no contradiction between long inflation and long demand in the short term, and there will still be differentiation in the long term. Among them: (1) on the path of long inflation, we recommend nonferrous metals (copper, aluminum, gold), crude oil (oil and gas exploitation, oil transportation) and coal. (2) On the path of long demand recovery and credit expansion, it is recommended that banks, real estate, construction and steel .
