High volume! On Thursday, the shock of the three major A-share indexes weakened, but the volume could be amplified, successfully breaking through the trillion yuan mark. Sino Russian trade concept sector and oil concept stocks became the biggest highlights of the day.
As of the close, the Shanghai Composite Index fell 0.09% to 348111 points, the Shenzhen composite index fell 1.09% to 1320182 points, and the gem index fell 1.51% to 279195 points; The total turnover of Shanghai and Shenzhen stock markets reached 1010.1 billion yuan; The net sales amount of northbound funds reached 731 million yuan; Overall, stocks in the two cities fell more and rose less.
In terms of industry sector, on Thursday, 15 industries in shenwanyi industry achieved gains, among which the transportation industry ranked first with an increase of 3.07%, followed by coal (2.52%), real estate (1.53%) and other industries, with an increase of more than 1.5%; In addition, food and beverage, national defense and military industry, electronics, automobile and other industries led the decline, all exceeding 2%.
Specifically, on Thursday, the Sino Russian trade concept sector led the rise strongly, and 14 stocks such as Deshi shares and Liaoning Port Co.Ltd(601880) rose collectively; Oil and gas exploration and services, port shipping, China South Korea Free Trade Zone, shipping concept and other sectors were active; Hjt battery sector led the decline, with Hongmeng concept, voice technology, silicon energy, semiconductors and components leading the decline.
It is noteworthy that on Thursday, market hot spots were highlighted, with 92 stocks closing at the daily limit and only 11 stocks falling by the daily limit.
Trading situation of individual stocks with price limit on Thursday (March 3)
Prepared by: Zhang Ying
For the future, Central China Securities Co.Ltd(601375) believes that at present, the game characteristics of market stock 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.
Shanxi Securities Co.Ltd(002500) said that recently, the liquidity of market funds has tightened, the risk of superimposing overseas uncertainty has continued to rise, and it is predicted that the volatile market will continue. At the same time, the recent transformation of market style is obvious, the popularity of high boom track stocks has continued to rise, and the industrial policies have frequently released positive results. It is suggested to remain cautious at the current stage, At the same time, we should closely follow the direction of China’s economic structure adjustment, grasp structural opportunities, and choose the opportunity to layout high boom sectors such as carbon neutrality and digital economy. In addition, the national defense and military industry sector currently has better configuration value, so it is recommended to focus on it.
Hu Bo, manager of Rongzhi investment fund under private placement paipai.com, said that the mismatch between supply and demand of upstream resource products since the epidemic and the further deterioration of the relationship between supply and demand of commodities caused by recent geopolitics have driven the main reasons for the good performance of commodities in the near future.
hot spot 1: the concept of Sino Russian trade went crazy, rising by more than 8% and 14 shares collectively rose by the limit
On Thursday, the Sino Russian trade concept sector led the rise, with an increase of 8.35%, and 14 concept stocks rose by the collective limit. Among them, Jinzhou Port Co.Ltd(600190) has increased the limit for five consecutive days since the beginning of the conflict between Russia and Ukraine, Zhe Jiang Dong Ri Limited Company(600113) also increased the limit for four consecutive days on the 5th, 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.
It is worth noting that 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.
hot spot 2: Oil concept stocks continue to soar Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) 6 board
Recently, oil prices have been rising, and Brent crude oil has risen by more than 3%, once standing at the $118 / barrel level, a new high since February 2013. Affected by this, A-share oil concept stocks continued to rise. As of the close, the growth of mining auxiliary, oil and gas storage, oil and gas exploration, oil and gas reform and other sectors exceeded 4%. Among them, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) went out of the big market of six connected boards, Renzhi shares rose five boards in six days, Tong Petrotech Corp(300164) , Guanghui Energy Co.Ltd(600256) and many other stocks rose sharply.
Meanwhile, on Thursday, China’s commodity futures closed, led by energy and chemical industry. The main contract of crude oil rose by the limit for two consecutive trading days, with Lu rising by more than 9% and fuel and PTA rising by more than 6%,
In this regard, Zheshang Securities Co.Ltd(601878) believes that the international tension has increased the market’s concern about the uncertainty of crude oil supply, and short-term speculation has become an important driver of raising oil prices. According to our calculation, financial factors have additionally pushed up oil prices by about $15. The short-term supply-demand gap still exists, adding that the international situation is not yet clear. We raised the annual oil price center to $85 ~ 90 / barrel, and the high point may reach above $120. The four quarters are 100, 95, 80 and 80 respectively. In the second quarter, with the increase of OPEC + production and the implementation of the Iran nuclear agreement, the supply-demand gap reversed and the oil price entered the downward channel. For the United States, the rise in energy prices will further increase the inflationary pressure in the United States, but it will not change the downward trend of inflation, and maintain the judgment that the Federal Reserve only increases interest rates once a year and the US bond yield peaked in March; For China, the rise of oil price will push up CPI. However, as the repair of core CPI is less than expected, we maintain the judgment that the central CPI of the whole year is 1.8% and will not touch the threshold of 3% within the year.
hot spot 3: FTSE Russell adjusted index China State Construction Engineering Corporation Limited(601668) rose by more than 5%
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).
In early trading on Thursday, Bank Of Ningbo Co.Ltd(002142) , China State Construction Engineering Corporation Limited(601668) , Postal Savings Bank Of China Co.Ltd(601658) opened higher and went higher. By the end of the closing, Bank Of Ningbo Co.Ltd(002142) (3.38%) and Postal Savings Bank Of China Co.Ltd(601658) (2.65%) all rose by more than 2%, leading the overall rise of bank stocks China State Construction Engineering Corporation Limited(601668) soared by 5.58%, the largest increase in nearly a month and a half, with a total market value of 230.3 billion yuan.
The analysis shows that under the background of the epidemic prevention and control restriction policy and great pressure on economic growth, the soundness of the banking industry is more and more valuable. In 2022, bank stocks are expected to benefit from active fiscal policy and prudent monetary policy. At the same time, infrastructure investment hedges the downward pressure of economic growth. With the accelerated issuance of special bonds and the gradual implementation of major projects, the growth rate of subsequent infrastructure investment is expected to increase steadily.
