The counter attack trend of US stocks opening low and going high overnight gave a boost to a shares. Today (February 25), after the Shanghai and Shenzhen stock markets opened significantly higher, they maintained a high shock, and once again rose in the session. With the decline of heavyweights, the index rose and fell again; In the afternoon, the Shanghai index fluctuated, while the gem index and Shenzhen Composite Index performed prominently.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.63% to 3451.41 points; The Shenzhen Component Index rose 1.21% to 13412.92 points; The gem index showed a strong trend, with an increase of 2.58% to 2855.80 points.
From the point of view of the “rise” of the military industry and the general gas industry, there is almost a correction in the “rise” of the military industry and the general gas industry. In terms of industries, medical treatment, electric power, logistics, shipping ports, steel and other industries led the increase; In terms of theme stocks, CRO, medical beauty, photovoltaic building integration, assembly building and immunotherapy led the rise.
In terms of funds, the central bank announced on February 25 that in order to maintain stable liquidity at the end of the month, the people’s Bank of China carried out RMB 300 billion reverse repurchase operation by means of interest rate bidding on February 25, 2022, and the bid winning interest rate was 2.10%. As 10 billion yuan of reverse repo expired today, the people’s Bank of China realized a net investment of 290 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 fund
message plane
1. According to Xinhua news agency, the Political Bureau of the CPC Central Committee held a meeting on February 25. The meeting pointed out that this year’s work should focus on stability and seek progress while maintaining stability. We should strengthen the implementation of macro policies and stabilize the overall economic market. We will unswervingly deepen reform and stimulate the vitality of market players. Further implement the innovation driven development strategy. We will firmly implement the strategy of expanding domestic demand and promote coordinated regional development and new urbanization. Vigorously grasp agricultural production and promote the all-round revitalization of rural areas. We will open wider to the outside world at a high level and promote the steady development of foreign trade and foreign investment. We will continue to improve the ecological environment and promote green and low-carbon development. Prevent and resolve financial risks and hold the bottom line of no systemic risks. We will effectively ensure and improve people’s livelihood and strengthen and innovate social governance. We will strengthen the self-development of the government, vigorously abstain from formalism and bureaucracy, and strive to achieve the goals and tasks of economic and social development throughout the year.
2. According to the China Securities News, on February 25, Yang Jiping, member of the Party group and deputy general manager of the national energy investment group, said at the media briefing on the benchmarking of state-owned enterprises with world-class management improvement action that the regional integration of thermal power business and the professional integration of 18 homogeneous Enterprises have been completed in batches. In terms of energy supply and price stability, the integrated transportation volume out of the area reached a new high of 1.06 million tons per day in 2021, and the coal production and sales accounted for 18% and 14% of the country respectively.
3. According to the China Securities News, on February 25, Weng Jieming, deputy director of the State Council Leading Group Office for state owned enterprise reform, member of the Party committee and deputy director of SASAC, said at the media briefing on the benchmarking of state-owned enterprises with world-class management improvement action that this year, SASAC will comprehensively carry out the special improvement action of compliance management and investment management The special action to improve the digitalization and intelligence of state-owned assets supervision, the theme action to improve the quality of listed companies controlled by central enterprises, and the construction of “three in one” internal control system.
4. According to surging news reports, the State Food and material reserve bureau released a news on February 25 that up to now, the main production areas across the country have purchased 304.7 billion kg of autumn grain, an increase of 34.2 billion kg year-on-year, and the progress of autumn grain purchase has been significantly accelerated. In terms of price, the purchase price of rice has always been stable, while that of corn is relatively stable and rising slightly. Domestic soybeans are out of the independent market, and the market is active.
institutional perspective
For the current market, Wanlian Securities pointed out that the impact of previous geopolitical conflicts on A-Shares is negative in the short term, but there is no obvious law: there have been four typical geopolitical conflicts since 2010. They are: Civil War in C ô te d’Ivoire (December 2010), war in Libya (February 2011), civil war in Syria (March 2011) and conflict in Ukraine (April 2014). We take the first 5 days, 30 days and 90 days of the conflict as the observation interval to review its impact on the A-share market. On the whole, the impact of geographical conflict on the main A-share stock indexes is relatively negative in the short term. Within 5 days after the outbreak of four conflicts, the Shanghai Composite index fell three times, and two of the main stock indexes fell except the venture board. However, after the conflict in Ukraine in 2014, the main A-share indexes showed an upward trend.
The agency further analyzed that for a long time, the trend of the main A-share indexes tended to be consistent three months after the outbreak of the geopolitical conflict: after the escalation of the other three situations except the conflict in Ukraine, the main A-share indexes showed a relatively consistent rise and fall after three months. After the civil war in C ô te d’Ivoire, the main stock indexes rose except the gem. After the war between Libya and Syria, the main stock indexes of A-Shares fell significantly, the impact of the external environment gradually weakened, and the regulatory environment and economic situation of A-share market became the main influencing factors.
Guosheng Securities believes that from the historical experience of the resumption of trading, the upgrading of overseas geopolitical risks will affect China’s stock market in the short term, but the medium-term sustainability is generally not strong. It is suggested to pay attention to large infrastructure sectors related to the main line of steady growth, track repair opportunities such as photovoltaic and semiconductor, as well as short-term active concepts of precious metals, military industry and Eastern digital Western computing. Pay attention to position control before the situation becomes clear. All external forces will be gradually absorbed by the market and integrated into the medium and long-term operation rhythm of the market itself.
Previously, Orient Securities Company Limited(600958) said that it was not pessimistic about the future market of a shares. The two sessions will open next week. It is expected that the market will remain stable and return to economic and profit fundamentals in the medium term. On the whole, the prosperity of track stocks remains high, resulting in obvious dominance of profits. It is suggested that investors should actively pay attention to the high growth of performance, underestimate the sector and high-quality track stocks with better than expected performance.
In addition, Huaxin securities mentioned that after the current risk concentration release, A-Shares do not have a basis for continuous adjustment. China’s economic fundamentals are the most stable in the world. A shares may become a safe haven for European funds. After digesting panic in the short term, they should gradually stabilize.
