The Hang Seng Index fluctuated in the afternoon, closing up 0.55% to 2246734 points; The Hang Seng technology index fell 1.16% to 495761, continuing to hit a record low in the session. Science and technology network stocks rose and fell, shipping, tourism and non-ferrous metal sectors rose, aviation stocks and coal concept stocks rose; Auto stocks and SaaS concept stocks fell.
[sector change]
Airline stocks rose, with Air China Limited(601111) , China China Southern Airlines Company Limited(600029) and China Eastern Airlines up nearly 6%, and Cathay Pacific up more than 3%.
The shipping sector rose, with Sinotrans Limited(601598) up more than 11%, Haifeng International up more than 8%, Cosco Shipping Holdings Co.Ltd(601919) and OOCL up more than 7%.
The tourism sector rose, with sun city group up more than 15%, Ctrip group up nearly 11% and same-way travel up more than 7%.
Coal concept stocks rose, China Coal Energy Company Limited(601898) up more than 8%, Yi bulk up more than 7%, Yankuang energy up more than 6%, Shougang resources up nearly 6%, and China Shenhua Energy Company Limited(601088) up more than 4%.
Auto stocks fell, Great Wall Motor Company Limited(601633) down nearly 11%, Evergrande auto fell more than 6%, Geely Auto fell nearly 6% and ideal auto fell more than 4%.
Tobacco concept stocks fell, with smore international down more than 9%, China Bolton down nearly 6%, and Byd Company Limited(002594) electronics and Warburg international down more than 3%.
SaaS concept stocks fell, with Jinshan software down nearly 13%, Mingyuan cloud down more than 7%, China youzan down nearly 7%, Weimeng group down nearly 6% and Yidu technology down more than 5%.
[institutional perspective]
Citic Securities Company Limited(600030) : the rise in oil prices is good for oil companies, oil service, coal chemical industry and light hydrocarbon cracking sectors. Pay attention to the layout opportunities brought by the oversold of refining and chemical enterprises
Citic Securities Company Limited(600030) research report pointed out that the recent conflict between Russia and Ukraine continued to intensify, the market panic about the shortage of energy products intensified, and the oil price exceeded US $110 / barrel, reaching a new high. The 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 seriously 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 the oil and gas price. It does not rule out the possibility that the oil price will rise to 120 US dollars / barrel or even higher in the short term. In addition, since the recovery of crude oil supply usually lags behind the recovery of demand, considering from the dimension of January to February, there is still the possibility of rapid recovery of demand and relatively tight supply of crude oil. Even without considering the conflict between Russia and Ukraine, there is strong fundamental support for short-term oil prices. Maintaining the oil price center in 2022 will be significantly higher than the prediction in 2021. It is optimistic that the supply side has limited production potential, supporting Brent’s oil price to maintain a medium and high level in the next 2-3 years.
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