Looking back on the A-share market on Wednesday (March 2), the Shanghai and Shenzhen stock markets opened low across the board. 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 the upper offensive strength was poor, which was difficult to hide the overall weak pattern.
As Soochow Securities Co.Ltd(601555) mentioned, the index continues to fluctuate at the bottom, and there is a certain pressure on the Shanghai index near 35003530. Considering the frequent switching of market hot spots in the near future, we should try to avoid chasing up when the market is high in the short term, it is appropriate to find varieties with large volume at the bottom and small increase to ambush in advance, And be sure to set an appropriate stop in your heart .
From a technical point of view, Dongguan Securities pointed out that after the shock consolidation of the index on Wednesday, the volume of the two cities could fall slightly. The net inflow of funds going north continued to fall after rising, and finally a small net outflow with the gradual weakening of external disturbance factors and the continuous development of steady growth policy, it is expected that the market will gradually stabilize and pay attention to the change of volume and energy . In terms of operation, it is recommended to pay attention to finance, building materials, steel, electrical equipment, TMT and other industries.
As far as the future market is concerned, Shenwan Hongyuan Group Co.Ltd(000166) said that it is expected that the Shanghai and Shenzhen stock markets will make a strong upward attack on Thursday. Under the resonance of the internal rebound requirements of the A-share market and the positive stimulation of external factors, the market is expected to form a long force ; The Shanghai composite index is expected to hit the 3500 point mark and choose to break through the market upward to form a short-term strengthening signal, which also makes the rebound nature evolve into a band rebound.
Central China Securities Co.Ltd(601375) pointed out that the characteristics of stock game are obvious whether the Shanghai index can successfully challenge the area above the annual line in the future still depends on the strong support of policy and capital . It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. Investors are advised to pay careful attention to the investment opportunities in medicine, small metals, agriculture, animal husbandry, feeding and fishery and cycle industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
It is worth mentioning that, based on the current market capital situation, Huaxin securities mentioned that subsequent A shares have sufficient capital reserves and maintain the judgment of “domestic capital is becoming stronger and foreign capital is becoming weaker”. The “backbone” of A-Shares must be raised by domestic capital . With the emergence of geopolitical “black swan” and the risk of tightening by the Federal Reserve, the periodic impact of capital return to the north does exist. For the domestic part, first of all, public funds are still the institutional funds with the highest weight, and the short-term mood is cold, which is difficult to change the institutionalization process of a shares; Secondly, the structural opportunities under the volatile market prompted the net inflow of ETF funds and injected incremental funds into a shares.
Wanhe Securities believes that current market uncertainties are increasing , and overseas risks include geopolitical situation, global supply chain, global inflation and so on; 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 at present, the market will still focus on bottom seeking, and the approaching of important meetings has also boosted the wait-and-see mood in the market. This year, China is dominated by steady growth, facing the new crisis in the global supply chain, China is facing more severe challenges in the fields of energy, resources, equipment and so on, At this time, we need to wait for relevant policies to make further arrangements around steady growth and clarify 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 terms of operational strategy, China Post Securities said that considering the recent performance, valuation and profitability of the industry, we are optimistic about: steady growth main line , new and old infrastructure, digital economy and other sectors meet the general tone of steady growth and promoting consumption, and the participation of relevant sectors is cost-effective profit main line , the annual report of listed companies will be gradually disclosed, the importance of corporate fundamentals and profitability will be improved, and companies with better performance than expected can be mined in the cyclical sectors such as energy and chemical industry with better early profits; Under the expectation of loose monetary credit, banks and other financial sectors will also benefit from abundant liquidity.
In addition, Sinolink Securities Co.Ltd(600109) pointed out that under the defensive thinking, the undervalued value is preferred, but when A-Shares change from defensive to offensive under the background of “no worries at home and no troubles at home”, 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.
Haitong Securities Company Limited(600837) mentioned that current external factors are unpredictable, which has an obvious impact on investors’ shareholding mentality . Strategically, it is recommended that investors continue to pay attention to the changes in policy, capital and external market. At present, as long as the index is no longer at a new low and maintains the range shock pattern, we can actively pay attention to market hot spots, grasp the rotation rhythm of sectors, control positions and be cautious to be long. We can focus on the concept of counting from the east to the west, infrastructure, lithium extraction from salt lakes, Rural Revitalization and other sector opportunities.
