Russia’s interest rate hike stirred global stock markets, and central and Eastern European markets generally fell. A shares made a good start in early trading in March, and the main funds sought after the large consumption sector.
Affected by the situation in Russia and Ukraine, the Russian stock market and foreign exchange market have fluctuated sharply recently. On February 28 local time, in early trading on the Moscow stock exchange, the exchange rate of the US dollar against the ruble once rose to an all-time high of 109, up more than 30% from the closing on February 25.
On February 28, the Central Bank of Russia announced a sharp increase in the benchmark interest rate from 9.5% to 20%. The statement issued by the Russian central bank said that the external environment of the Russian economy has undergone great changes, and the increase of key interest rates is aimed at maintaining financial and price stability and protecting citizens’ savings from currency devaluation. After the Central Bank of Russia raised interest rates, the exchange rate of the US dollar against the ruble fell, reaching 94.6 at the latest closing, with a retreat of 13%.
(photo source: Yingwei Caiqing)
The Beijing News reported that analysts believe that European and American sanctions against Russia may make many of the foreign exchange reserves of the Russian central bank unable to play a role. Securities assets account for more than half of the foreign exchange reserves of the Russian central bank. If the Russian central bank wants to realize these securities, it needs to rely on the global financial market. Once the United States or other countries cut off the trading channels between their financial institutions and Russia, Russia will not be able to realize the assets.
The NASDAQ index ranks second in the world
On the evening of February 28 local time, the Russian Central Bank decided that the Moscow stock exchange would not resume stock trading on March 1. Currency transactions will proceed normally. As of last Friday’s close, the Russian RTS index was fixed at 936.94 this year, Russia’s RTS index has fallen by 41.29%, ranking first in the world’s important indexes followed by NASDAQ index, which fell by 12.1% during the year
After Russia announced the interest rate hike, coupled with the impact of the negotiation process between Russia and Ukraine, the global stock market showed a differentiation trend. The highest increase was the Portuguese psi, which rose 3.26% on Monday. The Danish omx20 index, the Saudi Arabian all index, the Norwegian oseax and the UAE DFM composite index all rose more than 1%. Central and Eastern European stock markets fell sharply, and Budapest stock market index fell as much as 4.45%. In addition, Greece ASE, Austria ATX, Prague composite index, France CAC40 index, Italy FTSE MIB, Belgium bfx and Finland OMX all index fell by more than 1%. The NASDAQ and S & P 500 index of US stocks rose and fell differently, but both rose in the late trading.
brewing sector made a good start in March, and the main funds raised 2.8 billion
On the first trading day in March, A-Shares made a good start in early trading. Both the Shanghai stock index and the CSI 300 index rose at the opening, and the gem index floated green at the noon closing. The consumption sector, tourism, wine making, agriculture, forestry, animal husbandry and fishery, etc. led the rise. Chicken and pork farming sectors performed most prominently in early trading, with pork concept stocks Fujian Tianma Science And Technology Group Co.Ltd(603668) rising by the limit, Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd(300967) , Tecon Biology Co.Ltd(002100) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) rising by more than 7%; Chicken stocks Shandong Minhe Animal Husbandry Co.Ltd(002234) rose by the limit, Shenzhen Kingsino Technology Co.Ltd(002548) rose by 8.53%.
The performance of brewing stocks is also remarkable, especially beer stocks Fujian Yanjing Huiquan Brewery Co.Ltd(600573) took the lead in raising the limit in the morning, and the leading Tsingtao Brewery Company Limited(600600) rose the limit once in the session, Beijing Yanjing Brewery Co.Ltd(000729) closed up more than 9% at noon, and Chongqing Brewery Co.Ltd(600132) rose 5.19%. Baijiu shares, Xinjiang Yilite Industry Co.Ltd(600197) , Hebei Hengshui Laobaigan Liquor Co.Ltd(600559) , Jiugui Liquor Co.Ltd(000799) , Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) and so on also recorded a small increase, 2 trillion of the market value of Moutai’s early rise of 3.04%.
Dongxing Securities Corporation Limited(601198) pointed out in the latest research report that China’s mainstream beer enterprises have continued to improve the proportion of their high-end products this year. The growth rate of high-end beer enterprises will not decrease in 2022, and the profit point of beer enterprises is still in structural upgrading. In the past six months, due to the great pressure of rising costs, most liquor enterprises have raised prices. With the gradual improvement of the epidemic situation, the trend of simultaneous increase in the overall volume and profit of the industry is expected to remain.
The Milky way securities said Baijiu industry will enter the “shrinkage and price stage” from February to March, but the good performance of the Spring Festival laid a good foundation for the first quarter. The agency believes that the Baijiu sector will start a good start in the first quarter.
According to the statistics of securities times and databao, in early trading today, the main funds flowed into the brewing sector, with a total net inflow of 2.833 billion yuan Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Tsingtao Brewery Company Limited(600600) , Jiugui Liquor Co.Ltd(000799) , Xinjiang Yilite Industry Co.Ltd(600197) and other shares have a net inflow of more than 100 million yuan.
According to the disclosed performance data, the majority of brewing stocks are expected to increase their net profit in 2021 The net profit of Lanzhou Huanghe Enterprise Co.Ltd(000929) , tianyoude liquor, Shede Spirits Co.Ltd(600702) and other three shares is expected to double. The two leaders Tsingtao Brewery Company Limited(600600) , Kweichow Moutai Co.Ltd(600519) increased by 43% and 11.3% respectively.
