Double financing balance
As of March 2, the two financial balances of Shanghai Stock Exchange reported 922017 billion yuan, an increase of 657 million yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 809678 billion yuan, an increase of 1.269 billion yuan over the previous trading day; The two cities totaled 1731696 billion yuan, an increase of 1.927 billion yuan over the previous trading day.
Latest views
On Wednesday, the weakness of A-Shares was sorted out after opening low, the Shanghai index stopped rising for three consecutive times, the decline of the gem index was more obvious, the technology and consumer stocks were muted, and the oil and gas, coal and aluminum stocks rose against the market. As of the close, the Shanghai stock index fell 0.13%, the Shenzhen Component Index fell 1.05%, the gem index fell 1.77%, the Shanghai and Shenzhen 300 fell 0.89%, the Shanghai Stock Exchange 50 fell 0.59% and the China Stock Exchange 500 rose 0.02%. The number of gainers in the two cities was 2620, higher than the average value of 2387 last week and lower than 3199 in the previous trading day. The number of limit trading houses was 73, lower than the average value of 77 last week and higher than 67 in the previous trading day. The number of decliners in the two cities was 1934, lower than the average value of 2223 last week and higher than 1380 in the previous trading day. The number of drop limits was 2, lower than the average value of 15 last week and 5 on the previous trading day. The net outflow of northbound funds was 776 million yuan, with an average net outflow of 1.283 billion yuan last week and a net inflow of 3.277 billion yuan on the previous trading day. The turnover of the two cities was 898463 billion yuan, with an average value of 106114 billion yuan last week, compared with 969527 billion yuan the previous trading day.
The second negotiation between Russia and Ukraine started, and European stock markets rebounded sharply. In his semi annual monetary policy report, US Federal Reserve Chairman Powell said that the impact of the Russian Ukrainian conflict on the US economy is highly uncertain, and the Federal Reserve will pay close attention to the development of the situation; Interest rates will be raised flexibly in the coming months; Indeed, it is still appropriate to raise interest rates by 25 basis points in March. The 25bp interest rate hike in March has been fully reflected in the price for the market. Therefore, for a shares, whether it is the Fed’s interest rate hike expectation in March or the Russian Ukrainian geopolitical crisis, the current market price has responded. However, the steady growth expectation and the continuous implementation of the policy of wide finance and credit have been ignored by the market. We think there will be positive feedback from the follow-up market.
Topic tracking
Today’s focus: pig breeding, oil and gas, traditional Chinese Medicine
\u3000\u30001. Pig breeding theme: on February 12, the State Council issued the 14th five year plan for promoting agricultural and rural modernization, which pointed out that the pork production capacity should be stabilized at about 55 million tons and the number of fertile sows should be controlled at about 41 million, no less than 37 million. On February 28, according to the monitoring of the national development and Reform Commission, last week, the national average pig price ratio was 4.98:1, entering the level-1 early warning range of excessive decline determined in the plan for improving the regulation mechanism of government pork reserves and ensuring supply and stable price in the pork market. Recently, the national development and Reform Commission said that pig breeding may continue to lose money in the short term, and the breeding end is more resistant to the price reduction, which is expected to speed up the process of de breeding sows. Suggested attention: New Hope Liuhe Co.Ltd(000876) ( New Hope Liuhe Co.Ltd(000876) ), Muyuan Foods Co.Ltd(002714) ( Muyuan Foods Co.Ltd(002714) )
\u3000\u30002. Oil and gas theme: on March 2, the International Energy Agency (IEA) said that the conflict between Russia and Ukraine threatened global energy security, and the price of Brent crude oil exceeded US $110 / barrel. In the short term, oil prices remain high, but due to political factors, we can’t rule out sharp rises and falls. In the medium term, considering the relatively low supply elasticity, it is expected that there is limited room for a sharp decline in prices. High oil prices help oil companies to increase capital expenditure and investment. Recently, the number of active drilling wells in the United States has continued to pick up, and the oil and gas equipment and oil service industry is expected to pick up. Suggestions for attention: Tong Petrotech Corp(300164) ( Tong Petrotech Corp(300164) ), Renzhi Co., Ltd. ( Zhejiang Renzhi Co.Ltd(002629) ) 3 Theme of traditional Chinese medicine: on March 1, 15 departments including the National Health Commission jointly issued the “14th five year plan for healthy aging”, among which the development of traditional Chinese medicine elderly health services is one. The plan proposes to give further play to the unique advantages of traditional Chinese medicine health management in the implementation of basic public health service projects, and actively promote traditional Chinese medicine health management for the elderly. It is suggested to pay attention to: Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) ( Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) ), Guangdong Zhongsheng Pharmaceutical Co.Ltd(002317) ( Guangdong Zhongsheng Pharmaceutical Co.Ltd(002317) ).
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected
