Market review: the index was sideways, led by the building materials sector
Today, the two cities finished sideways all day. As of the close, the Shanghai index fell 0.09% to 3573.84 and the Shenzhen index fell 0.19% to 14765.56. In terms of sectors, building materials, architectural decoration and automobiles led the increase, while computers, media and communications led the decline. The turnover of the two cities was 1153.31 billion yuan, an increase of 0.59% over the previous trading day and 0.10% over the average of the previous five days. The net purchase of Shanghai Stock connect was 3.948 billion yuan, the net sales of Shenzhen Stock connect was 927 million yuan, and the net purchase of northbound funds throughout the day was 3.021 billion yuan.
Market focus:
Recently, affected by multiple factors such as lower cost prices and weaker downstream demand, the national cement price has fallen. Northeast China led the decline. The daily decline of cement prices in Liaoning and other places reached 100 yuan / ton, and the ex factory price also fell to 450 yuan / ton. The cement price in southern China is still high, and the quotation in some parts of Guangdong remains between 660 yuan / ton and 700 yuan / ton.
Strategy suggestion: it is suggested to pay attention to the high boom growth track
Today, the two markets still continue the structural market. The Shanghai and Shenzhen indexes are reorganized sideways again, with obvious plate ups and downs, and the transaction volume is basically flat. The recent average value is still stable above 1.1 trillion yuan. Compared with the external disk, The first case of Omicron in the United States was confirmed by the CDC last night After the news of the infection cases of the (Omicron) mutant strain came out, US stocks plunged in the session, and the S & P 500 index closed down 1.18%. The NASDAQ index closed down 1.83%, while China's A-Shares still went out of the independent market and continued their resilience. Looking back this year, the sentiment of the A-share market has weakened significantly affected by the external market. The new variant of covid-19 is expected to have limited negative impact on China's A-share market, and the downward pressure on China's economy remains Under the expectation of large overlapping and widening currency, the cross-year market is still expected. It is suggested to focus on the sectors with strong certainty of performance repair in the short term, such as medicine and biology, rare earth and mass consumption, and bargain hunting layout of high boom growth tracks such as clean energy and new digital infrastructure.
In terms of sectors, the cement manufacturing concept was built all day today, and leading stocks such as Anhui Conch Cement Company Limited(600585) , Huaxin Cement Co.Ltd(600801) , Xinjiang Tianshan Cement Co.Ltd(000877) closed up sharply. From the perspective of industrial chain, the upstream cost price has dropped, and the downstream demand is still weak, or it is the main logic of the recent continuous correction of cement price. Specifically, the upstream coal and electricity prices have dropped significantly under the intervention of the national policy of "ensuring supply and stabilizing price", and the cost side pressure of the cement industry has been reduced; In terms of downstream demand, infrastructure investment is expected to pick up and form a certain boost. However, although the margin of the real estate credit policy may become loose, in the continuous adjustment of the real estate industry, enterprises' willingness to reinvest is relatively low and risk aversion is strong. Generally speaking, the demand side may still be weak, and the turning point for improving the profitability of the cement sector may not be reached. In addition, as one of the high energy consumption industries, the cement production restriction policy will continue, the continuous contraction of industrial capacity is a high probability event, the industrial competition may intensify in the structural adjustment, and the uncertainty is relatively high. In addition to performance considerations, it is recommended to continue to pay attention to the regulation and control of relevant industrial policies and the release of specific signals of macro monetary policy and fiscal policy.
