Yesterday, the market opened high and fell, led by the gem index, and more than 2600 stocks in the two cities fell. The turnover of Shanghai and Shenzhen stock markets was 101.1 billion, 112.1 billion higher than that of the previous trading day. In terms of sectors, China Russia trade concept, oil and gas exploitation, ports, coal, tourism and other sectors led the increase, while hjt battery, semiconductor, military industry, East West calculation and other sectors led the decline. As of yesterday’s close, the Shanghai index fell 0.09%, the Shenzhen composite index fell 1.09% and the gem index fell 1.51%. Northbound funds sold a net 731 million yuan throughout the day, of which the Shanghai Stock connect bought a net 800 million yuan and the Shenzhen Stock connect sold a net 1.531 billion yuan.
Overnight, the three major US stock indexes collectively closed down, with the NASDAQ down 1.56%, the S & P 500 index down 0.53% and the Dow down 0.29%. Large technology stocks fell, while new energy vehicle stocks fell. Xiaopeng automobile fell more than 9%, Weilai fell more than 8%, ideal automobile fell more than 7% and Tesla fell more than 4%. Popular Chinese stocks fell, with BiliBili and pinduoduo falling more than 7%. On the news side, the second round of talks between Russia and Ukraine ended, and the two sides reached an agreement on a temporary ceasefire and the establishment of humanitarian channels.
At today’s morning meeting of securities companies, China International Capital Corporation Limited(601995) said that it was suggested to increase Chinese stocks, reduce the allocation of US bonds, cautiously chase up oil prices and maintain gold exposure; In terms of sector opportunities, Huafu Securities pointed out that it is better to focus on the sector with expected return on fundamentals and reasonable valuation Shanxi Securities Co.Ltd(002500) believes that attention should be paid to nonferrous metals, petroleum and petrochemical sectors that are expected to benefit from the upward process of bulk commodities.
CICC: it is suggested to increase Chinese stocks and reduce the allocation of US bonds
CICC research report pointed out that the market adjusted significantly in February, and the conflict between Russia and Ukraine may become a catalyst for the transformation from inflation concerns to growth concerns. Although the situation in Russia and Ukraine is difficult to predict, the economy faces multiple risks and the market may continue to fluctuate, some asset pricing has been relatively limited, and some trading opportunities with good risk returns deserve attention China International Capital Corporation Limited(601995) it is suggested to increase Chinese stocks, reduce the allocation of US bonds, cautiously chase up oil prices and maintain gold exposure.
Huafu Securities: it is better to focus on the sectors with promising fundamentals and reasonable valuation
Huafu Securities said that recently, even the real estate sector has begun to relax the margin (down payment ratio, relaxation of purchase and loan restrictions, etc.), and the expectation of wide credit continues to rise, which will boost the market’s confidence in the effect of steady growth. China’s economic recovery will still be the core main line of the market in the medium-term dimension. As for the future market, it is suggested to make balanced allocation as much as possible and pay close attention to the national policy trend, focusing on the sectors where the fundamentals are expected to achieve “stable growth” of revenue and reasonable valuation.
Shanxi Securities Co.Ltd(002500) : focus on nonferrous metals, petroleum and petrochemical sectors that are expected to benefit from the rise of bulk commodities
Shanxi Securities Co.Ltd(002500) said that under the current complex global background, A-Shares have gone out of the independent market for many days, reflecting a certain “safe haven” effect. However, we remind again that the uncertainty risk in the market is still high. In the short term, we suggest to focus on the nonferrous metals, petroleum and petrochemical sectors that are expected to benefit from the rise of bulk commodities driven by the conflict between Russia and Ukraine.
