Affected by the sentiment of peripheral markets, the Shanghai and Shenzhen stock markets opened low today (November 29). However, the gem index and Shenzhen composite index quickly turned red after opening, and further strengthened, while the Shanghai index was once close to turning red. In the afternoon, the stock index fell slightly, but the overall trend was strong.
As of the close of the Shanghai and Shenzhen stock markets throughout the day, the Shanghai index fell slightly by 0.04% to 3562.70 points; The Shenzhen Component Index rose slightly by 0.22% to 14810.20 points; The gem index showed a strong trend, with an increase of 1%, recovering the integer level of 3500 points to 3503.41 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, lithium battery, aerospace, photovoltaic equipment, auto parts, power and other industries led the increase; In terms of subject stocks, in vitro diagnosis, Tesla, large aircraft, biological vaccines, etc. were among the top gainers.
In terms of capital, the people’s Bank of China announced on November 29 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China carried out RMB 100 billion reverse repurchase operation by means of interest rate bidding on November 29, 2021, and the bid winning interest rate was 2.20%. In view of the maturity of 50 billion yuan of reverse repurchase and 70 billion yuan of treasury cash deposit today, the people’s Bank of China has realized a net return of 20 billion yuan according to the full caliber calculation.
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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 Securities Daily, on November 29, the Ministry of Finance issued the outline of the 14th five year plan for accounting reform and development, which said that it would strengthen the inspection of listed companies, state-owned enterprises, financial enterprises and other entities and relevant accounting firms according to law, and strengthen the administrative punishment and public exposure of illegal acts.
2. According to the economic reference network, the Sixth Batch of centralized drug procurement organized by the State – special centralized purchase of insulin was officially opened in Shanghai recently. 42 products of 11 enterprises are to be selected. The average price of the products to be selected is reduced by 48%, with a maximum decrease of 74%. It is estimated that the cost can be saved by 9 billion yuan per year. This is the first biological drug in China to be included in the national volume procurement.
3. According to the statistical analysis of China Automobile Industry Association, from January to October 2021, the top ten car manufacturers sold a total of 5018000 cars, accounting for 64.3% of the total car sales. Among the top ten car manufacturers in terms of sales volume, compared with the same period of last year, the sales volume of FAW Volkswagen and SAIC Volkswagen decreased rapidly, the decline of SAIC GM and GAC Toyota was slightly lower, other enterprises increased, and the growth rate of SAIC GM Wuling was the most significant.
4. According to the securities times, on November 29, the sustainable development research center of Fudan University released the latest Fudan carbon price index results through live broadcasting, that is, the Fudan carbon price index results in December. The biggest highlight of Fudan carbon price index in December is the increase of the price forecast of national certified voluntary emission reduction (CCER). According to the data, the purchase price of CCER in December is expected to be 39.78 yuan / ton and the selling price is expected to be 41.57 yuan / ton.
institutional view
For the current market, Aijian securities mentioned that the market continues to fluctuate, but the overall trend is upward. The recent recurrence of the epidemic is expected to have a certain psychological impact on the market in the short term. We think it is more psychological impact. The epidemic has experienced more than two years. The global, especially China, has complete means to control the epidemic. At the same time, the development of vaccines and drugs is also conducive to the control of the epidemic. Therefore, we believe that although the market may repeat in the short term, it will not change the pattern of shock rise. Therefore, there is no need to panic too much. The emergence of low prices is a good short-term trading opportunity. From the perspective of opportunities, we will continue to pay attention to the recovery of low-level sectors, and continue to pay attention to food and beverage, medicine and science and technology, and follow the market to seize trading opportunities.
China Industrial Securities Co.Ltd(601377) pointed out that the impact of the new mutant on A-Shares is limited, which is at most a short-term “false alarm”, and the cross-year market will continue. Under China’s epidemic prevention mechanism, new overseas mutants are difficult to cause a systematic rebound of China’s epidemic situation, and have limited impact on the A-share market. Therefore, the big logic of the cross year market has not changed. If the global turmoil under the new mutant leads to short-term fluctuations of a shares, it is a buying point worth grasping.
YueKai Securities said that recently, under the influence of the mutant virus, the peripheral stock markets fell one after another. However, from the perspective of historical experience, the trend of A-Shares is relatively independent. In addition, the recent capital side continues to pick up, and the policy side maintains loose expectations. It is expected that the market will probably maintain a volatile market in the short term. It is suggested that investors pay attention to structural opportunities and grasp three main lines in terms of allocation: first, pay attention to the investment opportunities in the annual report. At present, a total of 50 enterprises in Shanghai and Shenzhen have disclosed the annual performance forecast, with a performance forecast rate of 82%, a total of 41 enterprises, including many enterprises in the pharmaceutical, biological, electronic, chemical and mechanical equipment industries. The net profit growth rate of 21 enterprises was more than 20%, accounting for a large number of industries, including pharmaceutical biology, electronics, light industry manufacturing and electrical equipment. With the disclosure of annual report performance, investors’ attention to annual customs declaration will increase. It is suggested to pay attention to the high-quality target of high growth and low value in the annual report, especially the high-quality companies with continuous growth in performance in the past two years. Superimposed on the impact of recent health events, the pharmaceutical and biological sector is expected to receive financial attention.
2、 Focus on investment opportunities in sectors with high winning rate in the market at the end of the year. From the historical back test, the CSI 300 index has a high probability of rising at the end of the year in the past decade, with an average increase of 60% and 3.8%. In terms of industries, the sectors with high rise probability in December in the past decade include household appliances, food and beverage, medicine and biology, leisure services and non-ferrous metals.
3、 The science and technology growth sector that continues to maintain a high outlook has long-term investment opportunities. Recently, funds have continued to flow northward, and foreign capital has intensively investigated a shares, mainly focusing on the science and technology growth track. With the support of the national dual carbon strategy and independent and controllable strategy, the fundamentals and policies of the science and technology growth sector have been improving for a long time, which is expected to promote the optimization of industrial economic structure and help economic transformation and upgrading, In the future, we recommend investors to closely track the investment opportunities in the high boom and high-end manufacturing direction represented by new energy / semiconductors.
Guosheng Securities pointed out that A-Shares continue to “focus on me”, and the market trend remains unchanged at the end of the year. （1） The short-term offline consumption and travel chain may be impacted by emotions, but the core contradiction of A-Shares is not outside. Under the trend of steady growth and monetary and credit stability, we will continue to be optimistic about the repair of value shares in the medium term, recommend food and beverage and consumer services for large consumption, underestimate the value, and pay attention to banks, state-owned enterprise developers and power operation; （2） The direction of new infrastructure development is to promote new energy infrastructure: scenery, energy storage and UHV; （3） Upstream cost reversal auto parts, machinery, and independent main line military industry.
Ping An Securities believes that in the medium and long-term capital market investment, we suggest focusing on the direction of high boom industry and focusing on the three main lines of scientific and technological innovation, green transformation and consumption upgrading. The significant expansion of the scale of high boom industry market will also bring about the production raw materials, equipment, core components, digital services, commercial operation The diffusion of investment opportunities for enterprises in various links such as terminal consumption. Of course, in the short term, some related industries have the problem of excessive valuation due to the accumulation of large increases, and it is inevitable that the market volatility will increase.
