The three major A-share indexes weakened collectively today, and the Shanghai index closed down 1.7% to close at 3429.96 points; The Shenzhen composite index fell 2.20% to close at 13252.24 points; The gem index fell 2.11% to close at 2783.90. The trading volume of the market was significantly enlarged, reaching 1.36 trillion yuan today, and the number of falling stocks exceeded 4000. Most industry sectors closed lower, led by Internet services, cultural media, household light industry, engineering construction and education, while precious metals, shipbuilding and mining industries rose sharply against the market.
Today’s news:
1. Russian President Vladimir Putin has decided to conduct special military operations in the Donbas region
2. Ministry of housing and urban rural development: vigorously promote “new urban construction”
3. A rare scene! Many white horse stocks are listed on the list, and the receiving party of block trading is all institutions. Who is quietly building a position?
4. The exchange rate of RMB against the US dollar continued to hit a new high for more than three years! Why does it continue to be strong? Enterprises should still do a good job in exchange rate hedging
5. Shanghai: meet the charging demand of more than 1.25 million electric vehicles by 2025, and the vehicle pile ratio of the whole city shall not be higher than 2:1
For the future market trend, institutions have expressed their views.
Huaxin Securities believes that the rebound of A-Shares and the return of trillion transaction amount is a relatively clear signal, and the participation of investors has become higher. For the current market, whether it is the Fed’s interest rate increase expectation in March or the Russian Ukrainian geopolitical crisis, the current market price has responded, but the market has ignored the steady growth expectation and the continuous implementation of the policy of wide credit and wide finance, and the subsequent market will have positive feedback.
Shanxi Securities Co.Ltd(002500) believes that the volatile market will continue, and there are certain structural opportunities in the market. It is suggested to grasp the main line of “stable growth” in the short term, and pay attention to the opportunities of high boom and low value sectors in the concepts of digital economy, localization of core parts and components, large country heavy weapons and so on.
YueKai securities mentioned that looking at the overall situation, it is not pessimistic about the future market. The two sessions will open next week. It is expected that the market will remain stable, there are external disturbance factors in the short term, and the medium and long term will return to the economic and profit fundamentals. On the whole, the prosperity of chemical, electronic, power equipment, medicine and mechanical equipment industries has remained high, resulting in obvious dominance of profits. It is suggested that investors should actively pay attention to the high growth of performance, underestimated sectors and high-quality stocks with better than expected performance.
Guosheng Securities pointed out that at present, as long as the index no longer reaches 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 unpredictable external factors have a more obvious impact on the shareholding mentality of investors. The Shanghai index is still in the adjustment since December 13 last year. 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 stock index is more likely. It is suggested that investors should wait and see in the short term, and the middle line should continue to pay attention to the investment opportunities of undervalued blue chips.
Haitong Securities Company Limited(600837) according to the analysis, at present, although A-Shares face two core contradictions: the faster pace of interest rate hike by the Federal Reserve and the realization effect of China’s steady growth, in the medium and long term, A-Shares are in the stage of strategic layout. 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.
