On Friday morning, the Asia Pacific stock market further adjusted, the A-share index rose and fell, and the science and Innovation Board rose against the trend, but more than 3300 stocks fell in the market.
The decline in Hong Kong stocks was particularly evident, with the Hang Seng technology index falling more than 4% to a new low.
A-Shares continued to adjust, more than 3300 stocks fell
Market data show that as of the morning closing, the Shanghai index fell 0.66%, the Shenzhen Component Index fell 0.94%, the gem index fell 1.12%, and the Kechuang 50 index rose 0.27% against the trend. The two markets fell more or rose less, with a total of more than 3300 stocks falling.
According to the industry sector, real estate, architectural decoration, automobile and other sectors led the decline.
Real estate leader China Vanke Co.Ltd(000002) fell by more than 5% during the session.
Vanke recently released a briefing on sales in February 2022 and recent new projects. According to the briefing, the company achieved a contract sales area of 1.852 million square meters and a contract sales amount of 29.37 billion yuan in February 2022; From January to February 2022, the company achieved a total contract sales area of 3.958 million square meters and a contract sales amount of 64.97 billion yuan.
Huaxi Securities Co.Ltd(002926) ‘s research view is that the sales of the top 100 real estate enterprises continued to decline in February, and the performance of each echelon was weak. At present, the valuation of the real estate sector is still relatively low, with strong performance certainty and high dividends, which deserves special attention Huaxi Securities Co.Ltd(002926) mainly recommend leading real estate enterprises China Vanke Co.Ltd(000002) , Poly Developments And Holdings Group Co.Ltd(600048) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Hangzhou Binjiang Real Estate Group Co.Ltd(002244) , Gemdale Corporation(600383) , Xuhui holding, etc; Related beneficiary objects include Longhu group, China Resources Land, China overseas development, country garden services, Yongsheng life services, etc.
Coal, medicine, agriculture, forestry, animal husbandry and fishery sectors led gains.
The coal sector rose by more than 2%, with Shanxi Coal International Energy Group Co.Ltd(600546) , Yunnan Coal & Energy Co.Ltd(600792) and Yunnan Coal & Energy Co.Ltd(600792) intraday limits.
Yingda securities recently pointed out that the national development and Reform Commission recently issued the notice on further improving the coal market price formation mechanism to further improve the coal market price formation mechanism, guide the coal price to operate within a reasonable range, promote the coordinated development of upstream and downstream coal and electricity, and ensure the safe and stable supply of energy. The notice said: (1) guide coal prices to operate within a reasonable range. The medium and long-term transaction price including tax of 5500 kcal of underground coal in Qinhuangdao port is between 570 ~ 770 yuan per ton, which is more reasonable. （2） Improve the coal electricity transmission mechanism. （3） The three safeguard measures are reasonable operation of coal and electricity prices.
According to the research view of Yingda securities, in the short term, with the significant rise of coal-fired electricity price center and the decline of coal-fired cost, the profits of thermal power generation enterprises will increase significantly. After a long recession cycle, thermal power will usher in a reversal in 2022. In the long run, with the guidance of the reasonable range of coal price operation, the establishment of the market-oriented floating mechanism of electricity price, and the linkage of electricity and coal price in the long-term contract of power transaction, the coal coal electricity on grid price will be effectively linked, and the coal electricity price can quickly respond to the change of fuel cost and effectively transmit to the downstream, The profit model of coal power enterprises will change from strong cycle (reverse coal cycle) to weak cycle (public utility attribute, cash flow determination).
In the agriculture, forestry, animal husbandry and fishery sector, Wens Foodstuff Group Co.Ltd(300498) intraday rose by more than 4%.
Dongxing Securities Corporation Limited(601198) ‘s research point of view is that the goal of listing in 2022 is mainly to stabilize, reduce costs and increase efficiency. From the realization of the marketing goal in 2021, most enterprises have achieved the annual planning marketing goal. For the target of 2022 launch, at this stage, all enterprises express that they focus on stability, and most of them do not have plans to further rapidly expand production capacity, but are committed to gradually digesting the existing production capacity and improving production efficiency. On the basis of the continuous and significant improvement of the complete cost in the early stage, all enterprises further put forward a new cost target for 2022 and continue to promote cost reduction measures. The loss and cash flow of enterprises are expected to be continuously improved.
wheat futures soared continuously
With the continuous fermentation of the crisis in Ukraine, the price of wheat futures in the international market has continued to soar recently. Market data show that CBOT wheat futures have increased by more than 50% in less than 10 trading days.
In the Chinese market, strong wheat futures have also soared recently. This morning, the main contract of China’s strong wheat futures rose more than 6% in the intraday trading, and the latest price has exceeded 3500 yuan / ton.
According to Xinhua news agency, the second round of negotiations between Russia and Ukraine ended on the 3rd in belowege forest in Belarus. The two sides reached an understanding on the establishment of humanitarian channels and agreed to hold a third round of negotiations as soon as possible. Russian President Vladimir Putin said in a video conference with members of the Security Council of the Russian Federation on the 3rd that Russia’s special military operations are being carried out in strict accordance with the schedule and plan, and all established tasks are being carried out smoothly.
In addition, according to the news report of China Central Television, on March 4 local time and March 4 local time, Andre Tuz, representative of the Information Office of zaborore nuclear power plant in Ukraine, said that there was a fire in the area of zaborore nuclear power plant.
Ukrainian foreign minister kuleba said that once the zaporoke nuclear power plant explodes, the harm will be 10 times that of Chernobyl.
It is reported that on the night of the 3rd local time, the armed forces of Ukraine fought fiercely with the Russian army in the city of eniergodar in zaporoze state in southeastern Ukraine, and huge explosions came from time to time.
However, the Ukrainian Ministry of emergency situations later announced that there was no fire at the zaporoje nuclear power plant, and the building on fire was an exercise training facility located near the nuclear power plant.
Asia Pacific stock market fell, Hang Seng technology index fell 4% in the session
Asia Pacific stock markets fell further in the morning.
Japan’s Nikkei 225 index saw a wave of diving in midday trading, once plummeted by more than 3% and fell behind the 26000 point mark, and then the decline narrowed.
The South Korean composite index also showed a similar trend, falling more than 1.6% during the session, and then narrowed.
Hong Kong stocks were even weaker.
The Hang Seng Index fell more than 2% in midday trading.
Among the Hang Seng industry index, Hang Seng information technology industry index, Hang Seng non essential consumer industry index and Hang Seng health care industry index led the decline.
The Hang Seng technology index was weaker, falling more than 4% in the session, hitting a new low since its release.
BiliBili plummeted, with an intraday decline of more than 10%. Jingdong group, meituan, Xiaomi, Baidu and Ctrip fell sharply, down more than 5%.
