Today (December 14), the Shanghai and Shenzhen stock markets opened low across the board. The Shanghai index and Shenzhen Composite Index fluctuated low throughout the day. With the correction of heavyweights, the index performance was relatively weak; The gem index once rebounded and occasionally turned red in the session. Although it fluctuated and fell again in the late trading, it was good to receive the Red Cross Star. On the whole, the gem index performed strongly.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index fell 0.53% to 3661.53 points; The Shenzhen composite index fell 0.50% to 15136.78 points; The gem index fell 0.05% to 3495.06.
From the disk point of view, light index heavy stock market reproduction, local profit-making effect is prominent. In terms of industries, cultural media, medical devices, computer equipment, education, aerospace, education and other industries led the increase; In terms of theme stocks, digital currency, vocational education, radio and television, yuanuniverse, intellectual property rights and titanium dioxide led the rise.
In terms of capital, the people’s Bank of China announced on December 14 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched RMB 10 billion reverse repurchase operation by means of interest rate bidding on December 14, 2021, and the bid winning interest rate was 2.20%. In view of the maturity of RMB 10 billion reverse repurchase today, the people’s Bank of China has realized zero delivery and zero return.
hot plate
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. The national development and Reform Commission and the Ministry of industry and information technology issued a notice on the implementation plan for invigorating industrial economic operation and promoting high-quality industrial development. The circular proposes to accelerate the implementation of major projects in the 14th five year plan, major regional strategic plans and major projects with clear annual work arrangements, promote the launch of major projects with conditions, start the construction of projects that can start as soon as possible, speed up the construction progress of projects under construction, and strive to complete and put into operation as soon as possible. A number of new infrastructure projects have been arranged in 5g, gigabit optical network and other fields. Start the hub node construction project of integrated big data center and the infrastructure network improvement project of small and medium-sized cities in central and Western China as soon as possible. Give full play to the role of special classes for major national and local foreign-funded projects, and accelerate the implementation of major foreign-funded projects in advanced manufacturing and other fields.
2. According to the website of China Securities Regulatory Commission, on December 13, Yi Huiman, secretary and chairman of the Party committee of China Securities Regulatory Commission, presided over the Party committee (expansion) meeting, conveyed and studied the spirit of the central economic work conference, and studied and deployed the implementation work of the system of China Securities Regulatory Commission. The meeting stressed the need to comprehensively deepen the reform and opening up of the capital market under the guidance of the reform of the whole market registration system.
3. According to the data of China Automobile Association, from January to November 2021, the production and sales of new energy vehicles were 3.023 million and 2.99 million respectively, an increase of 1.7 times year-on-year. According to the statistical analysis of China Automobile Industry Association, from January to November 2021, production and sales continued to reach a new high, with a cumulative output of more than 3 million vehicles and a sales volume of nearly 3 million vehicles. In November, the market penetration rate of new energy vehicles was 17.8%, which continued to be higher than that of last month, of which the market penetration rate of new energy passenger vehicles reached 19.5%.
4. According to Zhongxin Jingwei, the national cotton output data released by the National Bureau of statistics shows that the national cotton output will be 5.731 million tons in 2021, a decrease of 180000 tons or 3.0% over 2020. Among them, the cotton output in Xinjiang was 5.219 million tons, a decrease of 32000 tons or 0.6% over the previous year; The cotton output in other regions was 602000 tons, a decrease of 147000 tons or 19.6% over the previous year.
institutional view
For the current market, Huaxin Securities said that the upward shock of A-Shares is the main tone. After continuous breakthroughs, A-Shares may usher in a short rest, but the index shock and structural market opportunities still exist. At the same time, for investors, blue chip will usher in new allocation opportunities.
The track configuration direction, Everbright Securities Company Limited(601788) points out that new energy is still the main theme in the general direction. Although it has been adjusted in the short term, it will be an opportunity for the layout of medium and long-term funds. In addition, we can pay more attention to the supporting infrastructure direction of new energy, such as energy storage, UHV, etc. Subject direction: Yuan universe has been rising for several consecutive days. After a short adjustment in the future market, there is also low absorption value in the layout.
Macroscopically, Sinolink Securities Co.Ltd(600109) believes that after the RRR reduction, the market began to look forward to reducing interest rates. Nearly half a year is the window period for interest rate reduction. In the short term, the market is facing early highs and has jumped short for two consecutive times, and the adjustment pressure will increase. Radical investors are advised to pay attention to banks, securities companies, buildings and building materials. Steady investors maintained about 80% of their positions.
In terms of operation strategy, Huaxi Securities Co.Ltd(002926) pointed out that in December alone, A-Shares are expected to continue the cross-year market, and do not catch up or fall on plates / stocks. In terms of industry configuration, there are three main investment lines: 1) new energy (vehicles) (smart grid, energy storage, wind energy, photovoltaic, etc.); 2) Consumption upgrading, food, beverage, medicine, etc; 3) The “real estate” sector, which benefited from the marginal change of the real estate policy of “implementing policies due to the city”, focused on the central enterprises with improved market share. Theme investment focuses on “double carbon, military industry, consumption upgrading”, etc.
Considering the recent performance, valuation and profitability of the industry, China Post Securities said that the recent focus is optimistic: the central economic work conference releases the signal of stable growth, and the consumption sectors such as food and beverage and household appliances are strong again under the background of consumption recovery. After preliminary adjustment, the valuation is reasonable, and the participation of relevant sectors is cost-effective. In the long term, we continue to be optimistic about the main line of new energy. The traditional production capacity is difficult to release due to the impact of environmental protection policies. New energy meets the carbon neutralization policy and the future energy development direction. We are optimistic about the middle reaches of electrical equipment related industries, and we can continue to pay attention to the downstream new energy vehicles. Benefiting from the boost of high-tech themes by the opening of the Beijing stock exchange, the electronics and semiconductor industries have rebounded continuously recently. Under the cross year market expectation, we can continue to pay attention to the growth industries.
In addition, Caixin securities mentioned that it is expected that China may be in the stage of marginal decline in inflation and marginal weakening of economic prosperity in the fourth quarter. At this stage, it is suggested to allocate assets from the following four main lines: (1) financial sector. At present, the valuation of track stocks has far exceeded that of other sectors. There is a strong demand for make-up in the financial sector that underestimates the value, especially in the securities sector. (2) Antiperiodic plate. In the fourth quarter, the marginal demand for exports and inventory replenishment weakened, and the counter cyclical sector may perform under the cross cyclical macroeconomic regulation and control. (3) A plate with prosperous production and marketing. The current performance improvement expectations from strong to weak are: national defense and military industry, household appliances, transportation and computer. (4) Downstream consumer segment. It is expected that the scissors difference between PPI and CPI will converge in the future, and the consumer sector will probably achieve excess returns in the next half year. Focus on downstream consumer sectors with price increase expectations, such as food and beverage.
