Today (November 30), the Shanghai and Shenzhen stock markets opened high across the board. At the beginning of the trading, the stock index differentiated, the Shanghai index rose rapidly, while the gem index fell rapidly. Then the Shanghai index fell behind the gem index; In the afternoon, the stock index continued to shake and consolidate, and the performance of the Shanghai index was stronger than that of the gem index. Unfortunately, it dived and turned green once in the session, picked up again in the late session, and the decline narrowed.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.03% to 3563.89 points; The Shenzhen Component Index fell 0.10% to 14795.73 points; The gem index fell 0.22% to 3495.59. However, from the perspective of the whole November, the Shanghai index rose 0.47%, the Shenzhen Component Index rose 2.38% and the gem index rose 4.33%.
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, aerospace, medical devices, automobile, communication, cement and building materials and other industries led the increase; In terms of subject stocks, digital currency, network security, mobile payment, in vitro diagnosis, cloud computing and other gains were higher.
In terms of capital, the people’s Bank of China announced on November 30 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 November 30, 2021, and the bid winning interest rate was 2.20%. In view of the maturity of RMB 50 billion reverse repurchase and RMB 200 billion MLF today. According to the full caliber calculation, the people’s Bank of China realized a net return of 150 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 the Ministry of industry and information technology on the 30th, the Ministry of industry and information technology recently issued a notice on printing and distributing the “14th five year plan” big data industry development plan. The development plan proposes that by 2025, the estimated scale of the big data industry will exceed 3 trillion yuan, the average annual compound growth rate will be maintained at about 25%, and a modern big data industry system with strong innovation, high added value and self-control will be basically formed.
2. According to the website of the National Bureau of statistics, in November, China’s Manufacturing Purchasing Manager Index (PMI) was 50.1%, up 0.9 percentage points from the previous month, above the critical point, and the manufacturing industry returned to the expansion range.
3. Surging news learned on November 30 that China Petroleum & Chemical Corporation(600028) group held a cloud launch ceremony in Beijing, Urumqi and Kuqa, Xinjiang on the same day, announcing that the construction of China Petroleum & Chemical Corporation(600028) Xinjiang Kuqa green hydrogen demonstration project, China’s first 10000 ton photovoltaic green hydrogen demonstration project, was officially started. This is the largest photovoltaic green hydrogen production project under construction in the world. After being put into operation, the annual output of green hydrogen can reach 20000 tons, which is of great significance to promote the development of green hydrogen industry chain, promote the transformation and upgrading of energy industry, promote the economic and social development of Xinjiang and ensure national energy security.
4. According to the official website of the CBRC, the measures for the supervision and administration of insurance group companies were adopted at the 10th executive meeting of the CBRC in 2021 on August 19, 2021. It is hereby promulgated and shall come into force as of the date of promulgation.
institutional view
For the current market, YueKai securities mentioned that it is expected that the market will probably remain volatile in the short term, and it is recommended that investors pay attention to structural opportunities. In the future, we will pay attention to the impact of the mutated virus. China’s “rapid clearing” epidemic prevention control mode is conducive to maintaining a good state and has little impact on China’s economy and policies; If the impact of the mutant virus exceeds expectations, it may slow down the tightening pace of overseas monetary policy, and China’s supply chain advantage will be highlighted again.
In addition, in terms of style, Bohai Securities said that considering the relative dominance of small and medium-sized market valuation and performance, the trend may not be over yet; At the same time, based on factors such as “the opening of the capital market will be upgraded again” and the continuous improvement of risk hedging tools, overseas funds may continue to flow in, and large cap stocks are expected to obtain incremental funds. Generally speaking, investors can make balanced allocation at the style level. In terms of industry allocation, investors can tap the opportunities of “scenery storage” plate brought by the policy promotion under the background of economic downward pressure raising the necessity of infrastructure support and the construction of new power system; At the same time, from the perspective of medium and long term, the individual stocks whose valuations return to a reasonable range in the consumption sector can be arranged on the left; In addition, we can also pay attention to the problem of core shortage and alleviate the automobile sector under the logic of superimposing year-end impulse and replenishment of inventory.
Operationally, Ping An Securities believes that the current market environment is mild. It is recommended to pay attention to the effect of marginal improvement of policies and grasp the high boom plate driven by policies and industrial trends in the medium and long term. The bottom of the market is supported by the improvement of economy month on month + steady and loose liquidity. The central bank’s monetary policy implementation report releases a wide credit signal, and the market as a whole is expected to fluctuate upward. In terms of structure, the current medium and long-term driving forces deserve more attention than short-term factors. It is suggested to focus on three directions of industrial upgrading: first, scientific and technological innovation, including high-end manufacturing and digital economy; Second, green transformation related sectors; Third, the consumption sector with partial adjustment in the early stage and marginal improvement in market expectation.
Southwest Securities Co.Ltd(600369) said that the current market is facing many uncertain factors, and it is necessary to grasp the certainty in the uncertainty. In response, we need to allocate sectors that can avoid these risks and maintain their own steady growth. Specifically, there are three directions to pay special attention to: first, the pharmaceutical sector deserves special attention. Because the early adjustment of the pharmaceutical sector is relatively sufficient, and on the policy side, the consequences of too strict medical insurance fee control gradually appear. It is expected that the medical insurance fee control policy is expected to be gradually relaxed in the future, and the profits of pharmaceutical companies are expected to be gradually restored. At the same time, the aging trend of population and the uncertainty of covid-19 epidemic have increased the demand of the pharmaceutical sector, so it is worth configuring. Second, the military industry sector, which can avoid the economic downside risk, still deserves attention. There was a certain correction in the early stage of the military industry sector, with an overall valuation of more than 50 times, which matched the performance growth in 2022. The performance growth of the leading target is expected to double in 2022, so it still has a high cost performance. Third, the mandatory consumption sector with price transmission mechanism and relatively stable demand.
