Looking back on Thursday (March 3), Shanghai and Shenzhen stock markets showed a shock adjustment pattern as a whole. The three major A-share indexes gradually fell after opening high, and the Shanghai index showed a relatively strong performance in the morning, but it also dived and turned green in the afternoon, while the gem index and Shenzhen composite index fell rapidly in the morning, continued to weaken in the afternoon, and the pattern of weakness throughout the day was obvious.
As Soochow Securities Co.Ltd(601555) mentioned, the index continues to fluctuate at the bottom, and there is a certain pressure on the Shanghai index near 35003530. Considering the frequent switching of market hot spots in the near future, we should try to avoid chasing up when the market is high in the short term, it is appropriate to find varieties with large volume at the bottom and small increase to ambush in advance, And be sure to set an appropriate stop in your heart .
From a technical point of view, Dongguan securities mentioned that the Shanghai index rebounded to a horizontal consolidation near the 30 day moving average on Thursday, indicating that there is a certain pressure in this position, and the repeated market shocks are relatively normal with the gradual digestion of external disturbance factors, it is expected that the market will gradually shake, stabilize and rebound. Pay attention to the change of volume and energy . Operationally, it is recommended to pay attention to the industries such as finance, building materials, steel, electrical equipment and TMT.
In terms of the future market, China Merchants Securities Co.Ltd(600999) pointed out that expected the market probability will maintain the box shock pattern , in which the Shanghai stock index takes the 3300 point range as the bottom of the box and the 3600 point range as the top of the box to vibrate the platform box; The gem index has strong elasticity. Since its lowest point has fallen back to the low point of 2021 and 26 Xinjiang Haoyuan Natural Gas Co.Ltd(002700) , this position should be the box bottom range, while its box top range is Wuxi Boton Technology Co.Ltd(300031) 00.
In terms of sectors, the agency further analyzed that with the introduction of various national measures to stabilize growth, we should focus on infrastructure sectors, including UHV, smart grid, charging pile, infrastructure, etc. , as well as carbon neutralization, photovoltaic, wind energy and energy conservation under the national strategic plan. From the fourth quarter of last year to the beginning of the year, the oversold new energy vehicle industry chain and innovative medicine have medium to large-scale rebound opportunities. In addition, the intensification of the conflict between Russia and Ukraine may bring short-term opportunities for precious metals, oil and gas, shipping and other sectors.
Haitong Securities Company Limited(600837) believes that A shares are still resilient. At present, the downward space of the index is limited, so it needs to be actively configured in the market correction, seize the opportunity and strive for greater returns . In terms of configuration, it is suggested to focus on the tone of wide currency + wide credit, and choose the combination of stable growth and high growth. For the new and old infrastructure with stable growth, such as East digital West computing, real estate industry chain, wind power, photovoltaic and middle and lower reaches of new energy vehicles, the high growth sector after the valuation correction can be configured according to the opportunity, and Hong Kong stocks and dilemma reversal industries can pay attention to the correction in the near future.
Orient Securities Company Limited(600958) pointed out that the important meeting will be held soon, especially steady growth is the top priority of economic work this year. With the gradual implementation of follow-up relevant measures, relevant industries will perform well. Specifically, we can grasp the advantageous industries such as steady growth sector and new energy with long-term investment value .
Central China Securities Co.Ltd(601375) said that an important meeting would be held soon, and suggested that investors pay close attention to the changes in policies and funds during the period . It is expected that the short-term consolidation of the Shanghai index is more likely than that of the gem. We suggest that investors pay close attention to the investment opportunities in medicine, small metals, software development and cycle industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Macroscopically, Southwest Securities Co.Ltd(600369) mentioned that inflation and employment paved the way for the fed to raise interest rates . On the one hand, with the strong growth of new orders and backlog orders and the improvement of Omicron infection rate in individual states, the crisis in the supply chain of American manufacturing industry in March and April is expected to be appropriately alleviated and the service industry is expected to recover gradually.
On the other hand, on March 2 local time, Federal Reserve Chairman Powell said at the hearing of the House Financial Services Committee that it would be "appropriate" for the Federal Reserve to raise the target range of the federal funds rate at the monetary policy meeting in March, and was inclined to propose and support an interest rate increase of 25 basis points. High inflation is expected, but geopolitical and other uncertainties still exist, the Fed will not release too hawkish actions or raise interest rates by 25 basis points at the interest rate meeting in March .
It is believed that it will be difficult for Guosheng to continue to operate in a stable pace, and it will be the most difficult for Guosheng to continue to operate in a stable pace.
The agency made further recommendations. Focus on two main lines: first, infrastructure under steady growth at present, there is great downward pressure on the economy. Since the end of last year, a series of important conferences have continuously demonstrated China's determination to stabilize growth. Infrastructure, as a government led investment field, is expected to bear fruit in a relatively short term. It will play a pillar role in stabilizing growth in the first half of the year, and the infrastructure boom is expected to improve second, the coal to gas industry affected by geopolitics, demand recovery and other factors, the international oil price has hit a high of US $110 / barrel. Under the situation of tight world oil supply and high price, coal chemical industry may become an important alternative to oil supply.
China Post Securities believes that considering the recent performance, valuation and profitability of the industry, we are optimistic about: steady growth main line , new and old infrastructure, digital economy and other sectors meet the general tone of steady growth and promoting consumption, and the participation of relevant sectors is cost-effective profit main line , the annual report of listed companies will be gradually disclosed, the importance of corporate fundamentals and profitability will be improved, and companies with better performance than expected can be mined in the cyclical sectors such as energy and chemical industry with better early profits under the expectation of loose monetary credit, banks and other financial sectors will also benefit from abundant liquidity .
Changjiang Securities Company Limited(000783) said that focused on the combination of new and old drivers of "stable growth" from a short-term perspective . In the field of old kinetic energy, seize the opportunities of real estate and banks under the marginal correction of real estate, and in the field of new kinetic energy, closely track the computer and communication industries under the overweight of the "digital economy" policy. In terms of theme allocation, annual floor area pays great attention to listed state-owned enterprises with equity incentive willingness and scheme .
