brief description of disk
On Friday, A-Shares fluctuated narrowly, the gem rose slightly, and the main board finished sideways. On the disk, energy metals, photovoltaic equipment, games, chemical fertilizers, cultural media, non-ferrous metals, auto parts, power supply equipment, non-ferrous metals and wind power equipment led the increase; Shipbuilding, airports, diversified finance, software development, coal, securities, banking, steel and other industries made a slight correction. In terms of subject stocks, salt lake lithium extraction, yuanuniverse, film and television concept, blade battery, hit battery, glyphosate and silicone led the rise, while pumped storage, low-carbon metallurgy, CRO, Huawei Euler, brokerage concept and helium concept made a slight correction.
message plane
central bank: raise the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points
In order to strengthen the management of foreign exchange liquidity of financial institutions, the people’s Bank of China has decided to increase the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from December 15, 2021, that is, the foreign exchange deposit reserve ratio will be increased from the current 7% to 9%.
19.73 trillion! The total scale of private equity funds reached a new high
The latest monthly private placement filing report released by the fund industry association on December 9 shows that as of the end of November this year, the total scale of funds managed by surviving private placement fund managers has reached 19.73 trillion yuan, another record high. From the overall situation of this year, the scale of private equity funds has increased by 3.76 trillion yuan in 11 months, showing a relatively strong growth trend.
yesterday, northbound funds bought a net 21.6 billion yuan in a single day, which appreciated or was the main driver
Northbound capital entered the market again on December 9, with a large net purchase of RMB 21.656 billion throughout the day, the second largest single day net purchase in history, second only to the net purchase of RMB 21.723 billion on May 25 this year. Some market views believe that the obvious trend of RMB appreciation since this week may be the main reason for attracting foreign capital to intervene in the stock market. Historical data show that most northward funds flow into the A-share market when the RMB exchange rate appreciates and outflow when the RMB exchange rate depreciates.
Jufeng view
Medium term strategy:
Jufeng investment adviser believes that the economic fundamentals continue to move from “stagflation” to “recession” cycle in November, the space for monetary easing has been opened, and the liquidity will gradually become loose. On December 15, the central bank will comprehensively reduce the reserve requirement by 0.5% and release long-term funds of RMB 1.2 trillion, forming a positive stimulus to the market. for stock assets, a new round of global bull market is still early, and structural growth opportunities are still the main tone. In November, the PMI index turned upward as scheduled, and the cross year market will gradually unfold.
Short term mood:
pre market judgment: in addition, the RMB exchange rate has risen sharply recently. The central bank’s increase of 2% of the foreign exchange deposit reserve ratio of financial institutions will inhibit the rapid appreciation of the RMB and may shrink the northward funds that have accelerated the entry in the near future. Overnight, European and American stock markets fell across the board, new energy vehicles and blockchains fell sharply, and it is expected that A-share related sectors will adjust.
In fact, A-Shares did open low, but northbound funds continued to buy a large amount of net, with a net purchase of 5.7 billion yuan in early trading; In the afternoon, the stock index fell slightly, but the northward capital continued to flow in, buying more than 9 billion yuan in an all-round way. The net purchase amount exceeded 60 billion for 8 consecutive days.
On Thursday, the lithium battery plate adjusted against the market rebounded, and the strong plates such as chips, China Shipbuilding and military industry made up for the decline on Thursday. Yuan universe and e-cigarette, the strong plates that made up the recent decline, rebounded strongly. Steel, coal, securities, banks, etc. have been adjusted, and the market has not got rid of the rotating pattern.
Investment suggestions:
The recent adjustment of the peripheral market has disturbed the mood of a shares, but it also provides a low absorption opportunity for the cross-year market. Since mid November, A-Shares have been differentiated. During the year, liquor stocks and blue chips, such as Baijiu, rebounded and could participate in the bargain market. Hydrogen energy, semiconductors, new energy auto parts (motors, intelligent driving) and other sectors have adjustment needs after the short-term sharp rise. Pay attention to high throwing. Wind power, photovoltaic, energy storage, Yuan universe and other sectors have a trend line adjustment. After a short-term sharp decline, they usher in a rebound, and can choose to throw high.
(Jufeng Finance)
