The three major A-share indexes rose and fell today, and the Shanghai index closed down 0.18%, but the weekly K-line still closed five consecutive yang to close at 3666.35 points; The Shenzhen Component Index fell 0.24% to close at 15111.56; The gem index rose 0.22% to close at 3466.80.
The market turnover remained above 1 trillion yuan, reaching 1.2 trillion yuan today, breaking trillion yuan for the 36th consecutive trading day. Industry sectors were mixed, led by energy metals, photovoltaic equipment and games, and led by shipbuilding, diversified finance and airports.
The net purchase of northbound funds today was 9.148 billion yuan, and the cumulative net purchase this week was nearly 50 billion yuan, the largest weekly net purchase record in history.
Today’s news:
1. During the year, the reserve ratio for foreign exchange deposits was raised for the second time, and the central bank released the “cooling” signal of RMB exchange rate
2. The major benefits of the 100 billion level new energy track are about to be released, and many giants are competing for layout
3. Cbcirc: no longer limit the upper limit of shareholding ratio of foreign insurance companies in insurance asset management companies
4. Will the US CPI approach the 7-level? Wall Street was a little “flustered” before the inflation data was released tonight
5. Financial data released in November! The growth rate of social finance has rebounded by nearly trillion. MLF is about to expire. How will monetary policy work at the end of the year?
6. The top ten securities companies have released their strategies in 2022! Full carding of core views
For the future market trend, institutions have expressed their views.
Guosheng Securities believes that the high inflow of foreign capital this week has contributed to the small climax of Baijiu and financial sector. The market has gradually changed from the plate rotation of multi theme speculation to the style rotation of growth stocks and blue chip weights, and has begun to take shape. The continuous large inflow of funds going north gives the market confidence. No matter whether the index rises again or retreats, there is no need to worry too much in the short term. Actively pay attention to the rotation opportunities of consuming blue chips after style conversion and the repair opportunities of growth tracks such as new energy, photovoltaic and semiconductor adjusted in the early stage.
Orient Securities Company Limited(600958) according to the analysis, the market fundamentals support is strong at this stage. With the implementation of RRR reduction, the expectation of policy easing is strengthened again, which has boosted the confidence to do long. The cross year market is worth looking forward to. However, after the continuous rise of the short-term index, the subsequent high shock cannot be ruled out. Investors should pay attention to the fluctuations of plates and individual stocks brought by the withdrawal of the index stage. Operationally, for individual stocks held, if the short-term increase is large, they can be appropriately sold or reduced. For investors with low positions, waiting for the index to withdraw will be a good opportunity to participate.
Soochow Securities Co.Ltd(601555) pointed out that after the landing of RRR reduction, the market will first suppress and then rise, and the short-term market is still expected to rise further. From the perspective of capital flow, the current round of market is mainly driven by north capital, and the attraction of RMB assets is enhanced, resulting in the accelerated inflow of foreign capital into a shares. In terms of operation, balanced allocation is recommended. We should not only pay attention to the allocation opportunities of low weight blue chips and large consumption, but also pay attention to the low absorption opportunities in the growth direction of digital economy, 5g application and new energy, and cautiously pursue the rise.
China International Capital Corporation Limited(601995) believes that the growth style of A-Shares may be temporarily restrained. We will observe whether to return to “growth” around the end of the first quarter of next year. When the focus of the market turns to “stable growth”, the growth style of some A-Shares that have significantly outperformed the market, high valuations, high expectations and not low positions may temporarily be relatively backward, and the market style may correspondingly show a pattern of “big strength and small weakness”. When the policy force comes to an end, the “steady growth” transaction ends and the growth expectation gradually stabilizes, the market begins to look for sustainable growth opportunities, and the market style may return to the growth style at that time. It is roughly estimated that this time point may be around the end of the first quarter of next year.
Caixin securities mentioned that the systematic risk faced by the A-share market in the fourth quarter was small and there was a structural market. We suggest focusing on high boom and high growth tracks with performance certainty. Configuration direction:
(1) Carbon neutral theme. At present, China is fully promoting the goal of “carbon neutralization”. Clean energy such as wind and light is accelerating to replace traditional energy. We can pay attention to new energy, environmental protection and energy storage.
(2) New economic theme. High end technology manufacturing industry may be an important driving force for future economic growth. It is suggested to focus on chip semiconductors, computer software, high-end intelligent manufacturing with accelerated domestic substitution and rapid industry growth.
(3) Consumption recovery theme. At present, China’s PPI is at a high level and CPI rises slowly. The subsequent scissors difference between the two is expected to converge, and the industrial profits will shift from the upstream to the middle and downstream. It is expected that there will be some opportunities in the consumer sector. It is suggested to continue to pay attention to “Guochao” cosmetics and medical beauty.
(4) Biomedical theme. Medicine is an industry with long-term value, and there are short-term opportunities before the epidemic is completely controlled.
(5) Undervalued financial topics. At present, the valuation of track stocks has far exceeded that of other sectors, and there is a strong demand for make-up in the undervalued financial sector.
