The market is coming to an end in 2021. Looking back on this ups and downs year, what hot vents and concepts have emerged in the A-share market? If you use ten keywords to record the annual market performance, how would you choose?
At the end of the year, the reporter of China Securities Journal combed the top ten keywords of the A-share market in 2021, combed the overall market of the year from the multi-dimensional aspects of market construction, plate market, popular concepts and trading conditions, and looked forward to the upcoming investment opportunities in 2022.
Beijing stock exchange
On November 15, the Beijing Stock Exchange opened. As of December 12, the number of listed companies on the Beijing stock exchange had increased to 82.
Insiders pointed out that the establishment of the Beijing stock exchange is an important measure to implement the national innovation driven development strategy and continuously cultivate new drivers of development. It is also an important content of deepening the structural reform of the financial supply side and improving the multi-level capital market system. It is also important for giving better play to the function of the capital market, promoting the integration of science and technology and capital It is of great significance to support the innovative development of small and medium-sized enterprises.
Ning combination
"Ning portfolio" is a leading core asset portfolio with high growth and high prospect anchored by new energy core stock Contemporary Amperex Technology Co.Limited(300750) .
Industry insiders pointed out that "Ning combination" focuses on the pioneer direction of industrial development, has prominent growth attributes, has more significance of the times, and is also more flexible. In the latest index component, "Ning portfolio" includes 25 stocks, mainly in the direction of new energy, photovoltaic, semiconductor, CRO, etc. From the perspective of market performance, the growth of Ning portfolio in the past year was as high as 75.68%.
metauniverse
There is no clear definition of the meta universe, but it is usually considered to be the next stage of the Internet. This concept detonated this year's A-share market. The layout of yuanuniverse by Chinese and foreign technology giants has caused some enterprises to "rub hot spots".
Some insiders pointed out that from the current situation of the industry, many investors are optimistic about the future development of the Internet and bet on VR hardware, VR platform and other manufacturers, but some manufacturers regard metauniverse as a money game and hype to make money with relevant concepts.
specialized special new "little giant"
"Little giant" refers to specialized, refined, characteristic and innovative small and medium-sized enterprises. The 14th five year plan points out that a number of specialized and new "little giant" enterprises should be cultivated in small and medium-sized enterprises. These "little giants" mainly focus on the new generation of information technology, high-end manufacturing, new energy, new materials, biomedicine and other fields, in order to solve many "neck" technical problems. As of the closing on December 10, the A-share "specialized special new" index has risen by 30.23% year to date, significantly outperforming the CSI 300 and CSI 500 indexes. In terms of individual stocks, midstream manufacturing stocks led the rise, and the market value of small and medium-sized stocks was relatively better.
carbon neutralization
Carbon neutral concept stocks are highly sought after in 2021. The data show that as of the closing on December 10, the carbon neutralization index has increased by 37.48% year to date.
Industry insiders pointed out that the carbon neutralization policy will accelerate the elimination of overcapacity industries to a certain extent, continuously optimize the industry pattern, effectively control the supply of the industry, weaken the sharp periodic fluctuation of products to a certain extent, and improve the profit center of products.
periodic table of elements
In 2021, the A-share cyclical industry appeared differentiation, but the individual stocks in the sectors related to various elements appeared a more obvious round rising market, and the speculation on the "element periodic table" triggered an upsurge. According to incomplete statistics, during the year, rare earth, lithium ore, fluorine chemical industry, phosphorus chemical industry, organic silicon, hydrogen energy, sodium ion battery and other sectors showed a phased upward trend. The higher prices of bulk commodities iron, aluminum and copper also led to the rise of relevant stocks.
From the current institutional point of view, the more promising sectors in 2022 are still lithium mines, sodium ion batteries and other sectors related to new energy vehicles. With the promotion of double carbon goals, the relevant industrial chains in the field of hydrogen energy also have layout value.
structural market
From the perspective of major stock indexes, as of the closing on December 10, the Shanghai index and Shenzhen index increased by 5.57% and 4.43% respectively during the year, compared with the gem index, which increased by 16.87% during the year; From the perspective of market sectors, the household appliances sector with the worst performance fell by more than 20% during the year, and the electrical equipment with the strongest performance rose by more than 56% during the year; From the perspective of market style, in the first half of 2021, the large market blue chips have been repaired to some extent, and in the second half of the year, the small and medium-sized markets have strengthened as a whole and surpassed the performance of the large market blue chips.
Insiders pointed out that with the increasing number of listed stocks, the structural market is becoming more and more obvious, which is also inevitable under the background of the registration system. Looking ahead to 2022, the structural market probability will continue.
northbound funds
Known as "smart money", northbound funds "bought" on a large scale during the year, causing continuous concern in the market. As of the closing on December 10, the cumulative net purchase of northbound funds since 2021 this year was 1.61 trillion yuan, surpassing the net purchase scale of 1.20 trillion yuan in 2020, setting a new high since the opening of the "Shanghai Hong Kong stock connect" in 2014. There are only four days in the history that the net purchase scale of northbound funds exceeds 20 billion yuan in a single day, of which three days occur in 2021, namely, January 8, May 25 and December 9. Among them, the net purchase of 21.723 billion yuan in the whole day on May 25 hit a record high.
In the view of insiders, with the continuous prominence of the investment value of A-Shares and the increase of the proportion of foreign capital to the market allocation, the trend of continuous inflow of external funds, including northbound funds, into the A-share market will continue.
small and medium disk
In 2021, the rotation of A-share market style intensified. After entering the second half of the year, the large cap stocks that once dominated in the first half of the year fell one after another, and the small and medium-sized growth stocks continued to rise as a whole. As of the closing on December 10, the CSI 500 and CSI 1000 index closed up 14.76% and 19.60% respectively during the year, compared with the CSI 300 index closing down 3% during the year; From the perspective of individual stocks, among the top 50 A-shares in the year, as many as 39 stocks have a total market value of less than 50 billion yuan.
For the market style of 2022, there are obvious differences in market views. Some institutions believe that small and medium-sized growth stocks represented by the science and innovation board are expected to usher in a phased market.
turnover exceeded trillion
On July 21, the turnover of A-Shares in the two cities exceeded 1 trillion yuan. Since then, until September 29, the turnover of the two cities remained above trillion yuan for 49 trading days, setting the longest record in the history of a shares. Shortly after that, on October 22, the turnover of the two A-share markets exceeded 1 trillion yuan again. As of the closing on December 10, the turnover of the two markets exceeded trillion yuan for 36 consecutive trading days.
Industry insiders believe that the future turnover of more than 1 trillion yuan will become more and more normal. The reasons behind this include the increased inflow of foreign capital, the appreciation of the RMB and the continuous promotion of the reform and opening up of the capital market. In addition, the improvement of residents' awareness of wealth management has led to an increase in the proportion of equity asset allocation, which has also brought considerable incremental funds to the market.
(China Securities Journal)
