Today (March 4), the Shanghai and Shenzhen stock markets showed a shock adjustment pattern as a whole. The three major A-share indexes opened low across the board and once showed signs of upward attack in the morning. However, subject to the pressure from above, the index explored again and continued its decline in the afternoon. Among them, the Shanghai index showed relative resistance to decline, while the Shenzhen Composite Index and gem index showed a more tragic trend.
As of the day's closing of Shanghai and Shenzhen stock markets, the Shanghai index fell 0.96% to 344765 points; The Shenzhen Component Index fell 1.37% to 1302046 points; The gem index fell 1.55% to 274864 points.
From the disk point of view, the industry and concept sectors fell more or rose less, and the local profit-making effect plummeted. In terms of industries, pharmaceutical commerce, chemical pharmacy, education, semiconductor, medical devices, coal, games and other industries rose against the market; Assisted reproduction, NFT concept, cloud games, vaccine cold chain, medical cosmetology, baby and child concept, chicken concept and other concepts increased by the top.
In terms of funds, the central bank announced on March 4 that in order to maintain the reasonable and abundant liquidity of the banking system, the people's Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on March 4, 2022, with a bid winning interest rate of 2.1%. Today, 300 billion yuan of reverse repo expired. Therefore, the open market today achieved a net return of 290 billion yuan.
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message surface
1. According to the website of the Ministry of industry and information technology, in view of the continuous rise and high market prices of rare earth products, on March 3, the rare earth office interviewed key rare earth enterprises such as China rare earth group, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) group, Shenghe Resources Holding Co.Ltd(600392) company and so on. The meeting required that relevant enterprises should earnestly enhance their awareness of the overall situation and responsibility, correctly grasp the current and long-term, upstream and downstream relations, and ensure the safety and stability of the industrial chain and supply chain; We should strengthen industry self-discipline, further standardize the production and operation, product trading and trade circulation of enterprises, and shall not participate in market speculation and hoarding; We should give full play to the leading role of demonstration, promote and improve the pricing mechanism of rare earth products, jointly guide product prices to return to rationality, and promote the sustainable and healthy development of rare earth industry.
2. According to China Securities News, on March 4, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) released data showing that the quotation of some lithium battery materials continued to rise, battery grade lithium carbonate rose 5500 yuan / ton, and the average price was 500000 yuan / ton; Lithium hydroxide increased by 6000 yuan / ton - 7000 yuan / ton; Electrolytic cobalt rose by 3200 yuan / ton; Nickel beans rose 6100 yuan / ton.
3. According to the securities times, the Ministry of science and technology and other nine departments issued the notice on the implementation plan of scientific and technological cooperation between the East and the West during the 14th five year plan, which proposed to support Xinjiang in implementing the scientific and technological action of clean energy utilization and carbon peaking and carbon neutralization, and carry out the R & D and demonstration application of advanced energy technologies such as clean coal utilization, intelligent wind turbine generator sets, energy storage and new energy microgrid; Deepen the cooperation between Qinghai and Tianjin, Shandong, Anhui, Chongqing and other provinces and cities, improve the upstream and downstream collaborative innovation mechanism of the salt lake industry, improve the technology and industrialization level of high-value development and utilization of potassium, magnesium, lithium and other resources in the salt lake, enhance the innovation and development capacity of Salt Lake chemical enterprises, and promote the construction of digital Salt Lake and smart salt lake, Accelerate the development of Haixi Salt Lake chemical industry characteristic circular economy innovative industrial clusters.
4. According to the China Fund report, following the "gold absorption" of 241.4 billion in a single month in December last year, public funds continued to climb the peak against the trend in the first month of 2022. As of the end of last month, the total assets of the funds raised by the China Association exceeded 311.5 trillion yuan, up from the latest figure of 2022 trillion yuan.
institutional views
For the current market, Guosheng Securities said that it will be the most difficult to stabilize at the moment. It is expected that the future market will continue to exchange time for space, operate with a weak rebound and shock rhythm, and mainly grasp structural opportunities in operation. It is suggested to 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 continued to demonstrate China's determination to stabilize growth. Infrastructure, as a government led investment field, is expected to bear fruit in a 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, coal to gas industry. Affected by geopolitics, demand recovery and other factors, coal chemical industry may become an important alternative to oil supply under the situation of tight world oil supply and high prices.
Haitong Securities Company Limited(600837) believes that the resilience of A-Shares is still there. At present, the downward space of the index is limited. In the market correction, we need to actively allocate and seize the opportunity to 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 + high growth.
However, Bohai Securities mentioned that in the A-share market, the force of the steady growth policy will not only bring wide credit, but also help the recovery of enterprise vitality. Under the basic good expectation, the liquidity of A-Shares is also facing a gentle process. In addition, it is expected that the more positive "steady growth" measures will continue, which will further contribute to the continuation of the rebound in March. While remaining optimistic about the market, we should be more cautious. At present, external risks including the Fed's interest rate hike have not been completely eliminated, and these external uncertainties may still affect the development process of the market.
In addition 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 have a good performance. Specifically, we can grasp the advantageous industries such as steady growth sector and new energy with long-term investment value.
