this morning, A-Shares continued to fluctuate slightly, and major stock indexes rose and fell. The Shanghai stock index once rose to 3500 points, while the gem index and the Kechuang 50 index once fell by more than 1%
On the disk, trade, tourism, energy, paper and other sectors of China and Russia are among the top gainers, and Baijiu, aviation, chemical fiber, automobile and other sectors are among the top ones. The net inflow of funds going north was 420 million yuan.
FTSE Russell adjusted index
Yesterday evening, FTSE Russell announced the adjustment results of FTSE China A50 Index, Bank Of Ningbo Co.Ltd(002142) , China State Construction Engineering Corporation Limited(601668) , Postal Savings Bank Of China Co.Ltd(601658) , Aier Eye Hospital Group Co.Ltd(300015) , China Life Insurance Company Limited(601628) , Eve Energy Co.Ltd(300014) . The adjustment results will take effect after the close of business on Friday, March 18, 2022 (i.e. Monday, March 21, 2022).
this morning, Bank Of Ningbo Co.Ltd(002142) , China State Construction Engineering Corporation Limited(601668) , Postal Savings Bank Of China Co.Ltd(601658) opened higher and walked higher, and Bank Of Ningbo Co.Ltd(002142) , Postal Savings Bank Of China Co.Ltd(601658) all rose more than 2%, leading the overall rise of bank stocks China State Construction Engineering Corporation Limited(601668) even soared by nearly 6%, the largest increase in nearly a month and a half. More than 1.2 billion yuan was traded in half an hour of opening, surpassing the whole day of yesterday
FTSE Russell index, as the second largest index compiling company in the world, has a greater and greater impact on the A-share market. Every time FTSE Russell index adjusts its constituent stocks, the selected stocks, on the one hand, are recognized by foreign investors in terms of fundamentals and growth, on the other hand, they can also attract extensive attention from the market. For investors, the adjustment result of the index can be used as the “anchor” of market asset allocation.
However, being included by international authoritative indexes such as FTSE Russell index does not mean that the company’s share price has soared. For example, in August 2021, the FTSE global stock index series newly included 71 Chinese A shares, including 11 large cap stocks, 12 medium cap stocks, 41 small cap stocks and 7 micro cap stocks. The sectors are mainly distributed in electronics, computers, medical devices, medicine, biology, machinery, power and other industries.
As of today, in addition to the slightly outstanding performance of micro cap stocks, large, medium and small cap stocks have been basically wiped out since the announcement was included. They are green and even step on the thunder Xi’An International Medical Investment Company Limited(000516) , falling the limit continuously and being rejected by St Sany Heavy Industry Co.Ltd(600031) has fallen all the way since it was included and has almost no ability to fight back.
Sino Russian trade concept hot
China Russia trade concept soared by nearly 8% in early trading, leading the two cities. The limit of Jinzhou Port Co.Ltd(600190) has been raised for 5 consecutive days since the beginning of the conflict between Russia and Ukraine, Zhe Jiang Dong Ri Limited Company(600113) has also been raised for 4 consecutive days, Ningbo Marine Company Limited(600798) , Beijing Changjiu Logistics Corp(603569) , China National Complete Plant Import And Export Co.Ltd(000151) , Ningbo Water Meter (Group) Co.Ltd(603700) has also been closed continuously recently
According to the data of the Ministry of Commerce, the trade volume of goods between China and Russia reached US $146.87 billion in 2021, a year-on-year increase of 35.9%. Among them, Russia’s export to China was 680288.7 billion US dollars, a year-on-year increase of 39.22%; Russia imported US $7267562 billion from China, a year-on-year increase of 32.38%.
energy is the most important, fruitful and extensive area of China Russia cooperation. According to the statistics of the General Administration of customs, in 2021, China imported 334.29 billion yuan of energy products from Russia, a year-on-year increase of 47.4%, accounting for 65.3% of the total value of China’s imports from Russia that year. Russia remains China’s largest source of energy imports, maintaining its position as the second largest source of crude oil imports and the largest source of electricity imports
At present, the war between Russia and Ukraine has broken out and the United States and Europe have imposed economic sanctions on Russia. Considering the good international political relations between China and Russia, the market judges that this will promote the increase of trade volume between China and Russia to a certain extent. However, this increase must be affected by multi-dimensional factors such as the complex international political situation and the degree of complementarity between the two sides. At present, the gold content of the hot concept of Sino Russian trade needs to be considered.
Due to the excessive increase, Jinzhou Port Co.Ltd(600190) has twice prompted risks, saying that the company’s main business has not changed significantly, and the current P / E ratio is much higher than the average level of Listed Companies in the same industry, reminding investors to invest rationally, improve risk awareness and pay attention to investment risks.
In addition, Brent crude oil rose more than 3%, once standing at the $118 / barrel level, a new high since February 2013. The A-share oil and gas sector surged in early trading, which has increased by more than 20% since last Thursday. Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) walked out of the six board market, Renzhi shares had five boards in six days, and many stocks such as Tong Petrotech Corp(300164) , Guanghui Energy Co.Ltd(600256) , etc. rose sharply.
Citic Securities Company Limited(600030) Development Research Report indicates that the recent conflict between Russia and Ukraine has continued to intensify, and the market panic about the shortage of energy products has intensified short-term oil price trend still needs to continue to track the evolution of the situation in Russia and Ukraine. If Europe and the United States continue to increase sanctions against Russia and severely restrict the export of Russian crude oil and natural gas, it will lead to a substantial shortage of global crude oil and natural gas and significantly push up oil and gas prices. It does not rule out the possibility that oil prices will rise to $120 / barrel or even higher in the short term. The rise in oil prices is good for oil companies, oil service, coal chemical industry and light hydrocarbon cracking, and pay attention to the layout opportunities brought by the oversold of refining and chemical enterprises.
