Bounce! On Friday, February 25, the three major stock indexes in the A-share market rose collectively, and the transaction volume broke through the trillion yuan mark again. The return of the king of pharmaceutical stocks broke out in an all-round way, and power stocks also had a strong trend and performed well. After the volume can be enlarged, the market is rising steadily. In the hot rotation, where is the next air outlet? This topic has become the focus of heated discussion.
In early trading on Friday (February 25), the three major indexes of the A-share market were all red. As of the close, the Shanghai Composite Index rose 0.63% to 3451.41 points, the Shenzhen Composite Index rose 1.21% to 13412.92 points, and the gem index rose 2.58% to 2855.8 points; The total turnover of the two cities was 1018.8 billion yuan, exceeding 1 trillion yuan for the third consecutive trading day. The net purchase amount of northbound funds reached 6.385 billion yuan. More than 3300 stocks rose.
In terms of industry sector, 25 industries in shenwanyi class achieved an increase, with the pharmaceutical and biological industry taking the lead, with an increase of 2.91%, followed by beauty care, public utilities, power equipment, steel and other industries, with an increase of more than 2%; In addition, the coal industry fell by up to 2.46%, and industries such as petroleum and petrochemical, national defense and military industry, real estate, banking and architectural decoration also closed negative one after another.
For the future, analysts generally believe that the logic of the market for the better remains unchanged, and although there is interference from short-term sentiment, A-Shares are still expected to usher in a repair market.
Galaxy Securities believes that since the high point on December 15, 2021, the Shanghai stock index and gem index have fallen by 6.82% and 20.39%, and the valuation has been adjusted back to the median level of the past 10 years. The trading congestion of the high boom track has improved significantly, and the market has reflected a certain margin of safety. However, the tense situation in Russia and Ukraine, the imminent interest rate hike by the Federal Reserve, and the continuous fermentation of external risks may continue to curb the rebound of market sentiment. Compared with the low-level inflation and low-cost financial environment, China needs to pay attention to the low-level inflation and low-cost financial allocation, which will gradually support the low-level inflation and low-cost financial environment. However, compared with the low-level inflation and low-cost financial environment, it will be unfavorable to the recovery of China’s economy. The main line of the industry is still to focus on the areas that benefit from the national long-term strategic support or the support of short-term stable growth policies.
At the same time, funds, private placement and other institutions also expressed optimistic views on the future market. Huang Jiefeng, manager of Wolong Chuangxin investment fund, said that recently, the global capital market fluctuated violently due to the geographical factors of Russia and Ukraine, and the market risk appetite decreased significantly. However, on the whole, the A-share market has been tenacious recently, and the gem index rose this week. The core reason is still that A-Shares have undergone significant adjustments in advance. The valuation of high-quality targets of many core tracks is sufficiently attractive compared with the global capital market, and China is less affected by geopolitics. The RMB exchange rate has hit new highs, which has improved the confidence of long-term funds and strong demand for replenishment.
Liu Youhua, research director of private placement network, believes that recently, under the background of large turnover of a shares, the index and individual stocks are relatively stable, and the most difficult time of the market has passed. For the future, it is expected that before the international situation is clear or eased, the index is still dominated by interval shocks. After the situation eases, the index may open up room for rise again. The spring Market in March is worth looking forward to.
on Friday (February 25)
tabulation: Zhang Ying
hot spot 1: the outbreak of pharmaceutical stocks, and the collective trading limit of six concept stocks
Pharmaceutical concept stocks broke out on Friday. The pharmaceutical and biological industry rose the most, reaching 2.91, and six pharmaceutical stocks collectively rose by the limit. Among them, three stocks, including Guangzhou Wondfo Biotech Co.Ltd(300482) , Anxi biology and Chengda pharmaceutical, all achieved the 20cm limit.
In terms of specific sectors, cro concept (5.34%), in vitro diagnosis (4.18%), virus detection (3.99%), API (2.69%), medical consumables (2.66%), medical devices (2.62%) and other related concept sectors rose one after another, with an increase of more than 2%.
for the pharmaceutical industry, Sinolink Securities Co.Ltd(600109) analysis believes that , continuous industrial upgrading + policy encouragement to promote the acceleration of domestic substitution, China Meheco Group Co.Ltd(600056) the upstream supply chain is expected to usher in rapid development during the 14th Five Year Plan period. The importance of pharmaceutical upstream supply chain was emphasized in the pharmaceutical industry development plan of the 14th five year plan, and “supply chain stability and controllability” was mentioned for the first time and many times. focus on the investment opportunities in the supply chain, including equipment and equipment, scientific instruments, upstream reagent consumables supporting scientific research, upstream consumables of pharmaceutical industry and raw and auxiliary material packaging materials. The end of the industrial chain is mainly the direction of API.
hot spot 2: the outbreak of electric heating supply stocks set off a rising tide
On Friday, the electric heating supply sector rose strongly. As of the close, Huadian Power International Corporation Limited(600027) , Ning Xia Yin Xing Energy Co.Ltd(000862) , Shenyang Jinshan Energy Co.Ltd(600396) , Huaneng Power International Inc(600011) , Longyuan Power, Ningbo Energy Group Co.Ltd(600982) , Guangdong Electric Power Development Co.Ltd(000539) and other seven stocks rose by the limit.
In terms of news, recently, the national development and Reform Commission and the National Energy Administration issued the implementation plan for the development of new energy storage in the 14th five year plan, which proposed that by 2025, the new energy storage will enter the stage of large-scale development from the initial stage of commercialization and have the conditions for large-scale commercialization. The innovation ability of new energy storage technology has been significantly improved, the independent and controllable level of core technology and equipment has been greatly improved, and the standard system has been basically improved. The industrial system is becoming more and more complete, and the market environment and business model are basically mature. By 2030, new energy storage will be fully market-oriented. The new energy storage core technology and equipment are independent and controllable, the technological innovation and industrial level are firmly in the forefront of the world, the market mechanism, business model and standard system are mature and sound, and are deeply integrated with all links of the power system, which basically meets the needs of building a new power system and comprehensively supports the realization of the goal of carbon peak in the energy field as scheduled.
In this regard, Everbright Securities Company Limited(601788) said that under the background of accelerating the construction of new power system, the investment in power grid increased during the 14th Five Year Plan period, and there were great opportunities for structural investment in some fields. suggestions: 1) UHV and Gil: Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , Beijing Sifang Automation Co.Ltd(601126) , Tbea Co.Ltd(600089) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ; 2) Grid side energy storage: Yunnan Wenshan Electric Power Co.Ltd(600995) , China Southern Power Grid technology, Shaanxi Baoguang Vacuum Electronic Apparatus Co.Ltd(600379) , Guangzhou Zhiguang Electric Co.Ltd(002169) , Sieyuan Electric Co.Ltd(002028) , Beijing Sifang Automation Co.Ltd(601126) ; 3) Smart meter: Hangzhou Sunrise Technology Co.Ltd(300360) , Acrel Co.Ltd(300286) , Jiangsu Linyang Energy Co.Ltd(601222) , Hexing Electrical Co.Ltd(603556) , Beijing Yupont Electric Power Technology Co.Ltd(688597) ; 4) Energy saving transformer: Yunlu shares, Advanced Technology & Materials Co.Ltd(000969) , Jiangsu Yangdian Science & Technology Co.Ltd(301012) , State Grid Yingda Co.Ltd(600517) ; 5) Intelligent monitoring and maintenance of power grid: Hangzhou Kelin Electric Co.Ltd(688611) , Zhiyang Innovation Technology Co.Ltd(688191) , Hangzhou Shenhao Technology Co.Ltd(300853) , Yijiahe Technology Co.Ltd(603666) , China Southern Power Grid technology.
