Today (December 1), the Shanghai and Shenzhen stock markets opened low across the board, with shock consolidation at the beginning of the session. The Shanghai index quickly turned red and rose in the session, while the Shenzhen component index continued to fluctuate in the green position. In the afternoon, the stock index first rose and turned green, and then maintained shock adjustment. The Shanghai index strengthened again in the late trading and ushered in the intraday high, while the gem index and Shenzhen Composite Index performed relatively poorly.
As of the close of the Shanghai and Shenzhen stock markets throughout the day, the Shanghai index rose slightly by 0.36% to 3576.89 points; The Shenzhen Component Index fell 0.01% to 14794.25 points; The gem index fell 0.64% to 3473.37 points.
From the disk point of view, the market is still uncertain, and the structural market will continue. While paying attention to the overall risk, we can focus on the individual stock market from bottom to top. In terms of industry, papermaking and printing, beauty care, coal, gas, environmental protection, expressway and other industries led the increase; In terms of subject stocks, oil and gas equipment and services, hydrogen energy, data security, carbon trading and other gains were higher.
In terms of capital, the people's Bank of China announced on December 1 that in order to maintain the reasonable and abundant liquidity of the banking system, the people's Bank of China launched RMB 100 billion reverse repurchase operation by means of interest rate bidding on December 1, 2021, and the bid winning interest rate was 2.20%. In view of the maturity of RMB 100 billion reverse repurchase today. The people's Bank of China realized a net return of 90 billion yuan.
hot plate
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to China business news, on November 30, according to the national standard information public service platform, the progress status of the national standard plan e-cigarette project was changed to "solicit opinions".
2. According to Hangzhou Daily, on the morning of December 1, the official website of Hangzhou municipal government announced the "measures of Hangzhou Municipality for the administration of jointly owned property rights guaranteed housing", which defined the construction mode, house type and area, price management, purchase conditions and purchase procedures of jointly owned property rights guaranteed housing.
3. According to the Beijing News, on the morning of December 1, 2021, Shanghai Consumer Protection Commission interviewed Canada Goose (Xiji (Shanghai) Trading Co., Ltd.), and the company sent external lawyers, senior customer experience manager and store manager of guojinmen store to participate in the interview.
4. According to the securities times, the manufacturing PMI of Caixin China in November announced on December 1 recorded 49.9, down 0.7 percentage points from October, and again below the boom and bust line after August, reflecting the slowdown in the repair process of the manufacturing industry.
institutional view
Zheshang Securities Co.Ltd(601878) pointed out that December was still a long window as a whole. After the implementation of the third quarterly report, since November, with the launch of carbon emission reduction support tools and social finance exceeding expectations in October, the market's expectations for liquidity have been continuously improved. At the same time, the opening of the Beijing stock exchange has further boosted the preference for scientific and innovative style. In addition, although the new strain in South Africa once again adds uncertainty to the global epidemic, as for the impact of a shares, combined with the previous delta interpretation, we expect the impact to be small and the market is expected to digest it soon.
BOC strategy said that entering the market in December and entering the configuration market next year, the implementation of policy setting will break the situation of no main line in the current market. At present, under the stable credit expectation, there may be a phased market in the blue chip sector. In terms of industry allocation, the trend of new energy remained unchanged, the undervalued blue chip rebounded periodically, and the growth gradually entered the left allocation range. On the one hand, some undervalued sectors with long-term stagflation of stock prices and rebound of fundamentals in the early stage are expected to receive more capital attention; On the other hand, the new energy industry chain has profitability toughness and can obtain a certain valuation premium. Focus on the investment opportunities brought by specialization, special innovation and domestic substitution.
Dongguan securities mentioned that the current overall valuation of A-Shares is reasonable and resilient. The emotional changes caused by the epidemic have limited impact on the market. At present, there are still better layout opportunities. The continuous inflow of northward funds and the improvement of market stability by two financing funds, together with common prosperity or the improvement of equity market allocation, continue to enhance market confidence. It is expected that the market will open a new year's market in December, and the market is expected to strengthen in shock. We should pay attention to the sustainability of volume energy and the rotation of plates. Active layout is recommended in operation. In terms of industry, it is recommended to pay attention to finance, electrical equipment, food and beverage, building materials, chemical industry, TMT and other sectors.
YueKai Securities pointed out that it is expected that the cross year market in December is still expected to unfold slowly. It is suggested to pay attention to the dual main line structural investment opportunities: 1) stick to the allocation opportunities of high boom and high growth sectors. In the long run, the future policy direction will continue to focus on cultivating and supporting a number of high-end manufacturing enterprises with global competitive advantages. Benefiting from long-term policy support + high prosperity + loose liquidity margin, it is recommended to continue to pay attention to investment opportunities in high prosperity and high-end manufacturing represented by new energy and semiconductors.
2) Focus on tapping high-quality low-end varieties, especially low absorption opportunities in large consumption sectors. Subject to the gradual downward pressure on the economy and the decline in demand caused by the weak consumption intention after the epidemic, the transmission path from the pressure on the upstream cost side to the middle and downstream is not smooth. With the opening of the tide of price increase in the consumer sector, enterprises with strong future pricing power and brand advantages are expected to take the lead in benefiting. After the cost side pressure of leading companies is gradually relieved, they are expected to enjoy the dividend of raw material price decline + profit elasticity repair in the medium and long term. In 2022, leading companies of consumer goods are expected to usher in a new era of valuation and profit, It is recommended to focus on the leading companies of high-quality and large consumption with alpha attribute.
