Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index fell 0.09% to close at 3573.84 points; The Shenzhen Component Index fell 0.19% to close at 14765.56 points; The gem index fell 0.19% to close at 3466.91.
[industry tracking] industry: 10 industries rose and 18 industries fell. Among them, building materials, building decoration and automobile sectors led the increase, with increases of 1.91%, 1.35% and 1.17% respectively; Computer, media and communication sectors led the decline, with declines of – 2.08%, – 1.86% and – 1.83% respectively.
Industry comments
The building materials sector led the gains, mainly led by the cement sector. From the macro background, since last year, the policy of “housing without speculation” has been clarified for many times, and all localities have actively responded to national policies to carry out macro-control on the current property market with high prices. The development of the real estate industry is slowing down, and the decline of the real estate related industrial chain is large. The recent real estate financing is expected to be loose, and the cement industry is expected to usher in a short-term recovery. From the supply side, cement production has a large pollution. Recently, the Ministry of ecological environment has also reported the pollution problems of enterprises in many places. In the future, in order to further control the industrial emission problems, the cement industry is expected to be included in the carbon trading market. Therefore, the cement sector is stronger in the short term. In terms of individual stocks, Gansu Shangfeng Cement Co.Ltd(000672) rose by the limit, Huaxin Cement Co.Ltd(600801) and Anhui Conch Cement Company Limited(600585) rose by 7.54% and 4.99% respectively.
The auto sector led the gains. On December 1, several new energy vehicle enterprises announced the delivery data in December. In terms of Weilai automobile, 10878 new vehicles were delivered this month, with a year-on-year increase of 105.6% and a month-on-month increase of 196.65%; Ideal automobile announced the delivery data in November 2021. 13485 ideal ones were delivered this month, with a year-on-year increase of 190.2% and a month-on-month increase of 76.3%; The total delivery volume of Xiaopeng automobile in November was 15613 units, with a month on month increase of 54% and a year-on-year increase of 270%; Nezha delivered 10013 units in November, a year-on-year increase of 372%. A number of new energy vehicle companies sold more than 10000 vehicles per month, driving the strength of the automobile sector. In terms of individual stocks, Cimc Vehicles (Group) Co.Ltd(301039) , Sinotruk Jinan Truck Co.Ltd(000951) limit, Anhui Jianghuai Automobile Group Corp.Ltd(600418) rose 6.98%.
In the concept sector, the education sector increased significantly. On December 1, the executive meeting of the State Council deliberated and approved the vocational skills training plan for the 14th five year plan, and proposed to adhere to the employment orientation, meet the market demand, support various vocational colleges and vocational training institutions to carry out training, give play to the main role of enterprise training, and improve the staff skills training mechanism. We should strengthen the training of highly skilled talents, improve the employment and entrepreneurship ability of key groups such as college graduates, and train more than 30 million migrant workers. In this context, the education sector strengthened. In terms of individual stocks, Kaiyuan Education Technology Group Co.Ltd(300338) , Shanghai Action Education Technology Co.Ltd(605098) and other stocks rose by the limit.
Outlook
Recently, the stock markets in Europe and the United States have fallen sharply. On the one hand, Powell hinted to accelerate the pace of debt reduction. On the other hand, the epidemic situation in the United States has rebounded again, with more than 210000 new confirmed cases in a single day. At the same time, the CDC also confirmed that the first case of Omicron virus infection in the United States was found in California. The recurrence of the epidemic situation has aroused market concern, Therefore, the overseas market has fallen sharply recently. In China, the epidemic situation is well controlled and the industrial chain is resilient. Therefore, the recent trend is stronger than that of the external market, including the northward capital, which still maintains a net inflow to the Chinese market when the external market falls sharply. In terms of direction, at the end of the year, market funds tend to make advance layout for the prediction of next year’s policy situation. At the same time, a central economic conference will be held in mid and late December, which will point out the direction of next year’s economic situation and policy direction, and it is suggested to pay attention to the direction of national strategic support.
