Affected by the sharp fall of the overnight external market, the Shanghai and Shenzhen stock markets opened low today (March 2). With the decline of technology stocks, the gem index continued to decline, while the Shanghai index performed mediocrely under the weakness of heavyweights; In the afternoon, the stock index once bottomed out and rebounded, but its upper offensive strength was weak, and it was sorted out below yesterday’s closing point as a whole.
As of the day’s closing of Shanghai and Shenzhen stock markets, the Shanghai index fell 0.13% to 348419 points; The Shenzhen Component Index fell 1.05% to 1334696 points; The gem index showed a weak trend, with a decline of 1.77% to 283464 points.
From the disk point of view, the market of light index and heavy individual stocks continues, the rise and fall of industry and concept sectors are different, and the local profit-making effect still exists. In terms of industries, traditional Chinese medicine, shipping ports, petroleum, nonferrous metals, coal, agriculture, animal husbandry, feeding and fishing, photovoltaic, logistics and other industries led the increase; In terms of theme stocks, oil and gas equipment and services, aquaculture, shale gas, genetically modified, agricultural planting, natural gas and so on led the rise.
In terms of funds, the central bank announced on March 2 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on March 2, 2022, and the bid winning interest rate was 2.1%. In view of the maturity of 200 billion yuan of reverse repurchase today, the people’s Bank of China realized a net withdrawal of 190 billion yuan in the open market today.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the website of securities times, Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission, said at the press conference of the state information office on March 2 that at present, due to the unstable international epidemic in China and the changes in some other aspects of the environment, the economic demand is not too strong, and the growth is relatively slow in both consumption and investment. Therefore, we need to take some effective measures. This does not mean that we should simply adopt the method of “flood irrigation” to expand the easing of monetary policy. Finance will also play a role and increase specific measures for structural adjustment. From the perspective of banking and insurance, we hope to support more targeted expansion of consumption and investment.
2. According to the website of the national development and Reform Commission, in order to implement the decision and deployment of the CPC Central Committee and the State Council on ensuring the supply and price of coal, give full play to the role of “ballast” of medium and long-term coal contracts, and promote the safe supply of energy and the stable operation of economy and society, the general office of the national development and Reform Commission recently issued a notice on further signing medium and long-term coal contracts Strengthen the supervision of contract performance and make deployment arrangements.
3. According to the national energy administration, in order to further promote the development and construction of renewable energy power generation projects and coordinate and solve the difficulties and problems encountered in the development and construction of wind power photovoltaic power generation, the National Energy Administration recently held a video conference on the situation analysis of renewable energy development and construction in February. It is pointed out that the National Conference on the development and construction of renewable energy bases in Gobi should focus on the implementation of national policies on the construction of renewable energy bases in Gobi, and pay close attention to the implementation of relevant policies on the construction of renewable energy bases in Gobi, Timely coordinate and solve the difficulties and problems encountered in the development and construction of wind power photovoltaic power generation, especially strengthen the construction of transmission projects and promote the high-quality leap forward development of renewable energy.
4. According to the interface news, the State Food and Drug Administration approved the registration application of recombinant New Coronavirus protein vaccine (CHO cell) of Anhui Zhi Fei Long Ma Biological Pharmaceutical Co., Ltd. with conditional approval. The vaccine is the first approved domestic recombinant COVID-19 virus protein vaccine, which is suitable for New Coronavirus disease prevention (COVID-19).
institutional views
Regarding the current market situation, Shanxi Securities Co.Ltd(002500) said that the continuous fermentation of overseas geographical conflicts makes it difficult for the market to completely eliminate the risk aversion in the short term, and the long short game in the periodic impact may intensify, which will further accelerate the sector rotation and high-low switching. We remain cautiously optimistic about the bottom opportunities in the market, In the short term, it is suggested to focus on the market value with strong defensive ability. The core of allocation still needs to pay attention to the global inflation and the changes in the prices of energy, aluminum, nickel, grain and other bulk commodities in the Western sanctions against Russia, and determine whether the price transmission channel is unobstructed in combination with the specific conditions at both ends of China’s supply and demand, so as to study the change direction of asset pricing in upstream and downstream industries, From these fluctuations, it is expected to drive the “oversold rebound” through the upward profit, so as to obtain the subject matter of excess benefit.
In addition, the convening of the two sessions may once again boost the popularity of some themes, and it is suggested to carry out medium – and long-term layout around the concepts of carbon neutralization, consumption upgrading, large countries and heavy weapons, etc.
Wanhe Securities believes that the current market uncertainty is increasing, and there are risks such as geographical situation, global supply chain and global inflation abroad; There are risks such as epidemic situation, sluggish domestic demand and increasing downward pressure on the economy, both inside and outside are facing great uncertainty.
The agency further pointed out that the current market will still focus on finding the bottom, and the proximity of the two sessions has also boosted the wait-and-see mood in the market. This year, China focuses on steady growth. Facing the new crisis in the global supply chain, China is facing more severe challenges in the fields of energy, resources and equipment. At this time, it is necessary to wait for the two sessions to make further arrangements around steady growth, It is also clearer about the direction of steady growth this year. In terms of industry, we can pay attention to the industrial chain related to consumption and infrastructure.
In addition, Sinolink Securities Co.Ltd(600109) pointed out that the undervalued value is preferred under the defensive idea, but when A-Shares change from defensive to offensive under the background of “worry free inside and trouble free outside”, it is difficult for the undervalued value sector to have relative returns, even the infrastructure sector with stable growth attribute. One belt, one road, is the main reason why the excess revenue from the infrastructure sector is mainly from the theme opportunities, such as the 20142015 years of the whole area. Historically, the relative benefits of the infrastructure sector are not strong enough to relate to the ROE. The inflection point of the growth curve of the new energy sector is still difficult to see in the short term, and the medium – and long-term logic is difficult to falsify.
