Fall back! On Friday, the three major A-share indexes weakened in shock, and most stocks fell. Where does the market pressure come from? Can the opportunity of medium and low absorption of A-Shares come? It has once again become the focus of heated discussion among all parties. Most institutions believe that the impact of external disturbance is limited, the bottom of A-Shares is gradually confirmed, and the market will usher in phased repair in March.
On Friday (March 4), the three major A-share indexes weakened and collectively closed lower. As of the close, the Shanghai Composite Index fell 0.96% to 344765 points; The Shenzhen composite index fell 1.37% to 1302046 points; The gem index fell 1.55% to 274864 points; The total turnover of Shanghai and Shenzhen stock markets was 1006.3 billion yuan; The net purchase of funds from northbound was 457 million yuan; Overall, stocks in the two cities generally fell. Looking back on the trend of the major indexes on Wednesday, the Shanghai index fell by 0.11%, the Shenzhen Component Index fell by 2.93% and the gem index fell by 3.75%.
In terms of industry sector, on Friday, only five industries in shenwanyi level industries rose, among which the agriculture, forestry, animal husbandry and fishery industry ranked first with a rise of 0.52%, followed by beauty care, coal, medicine, biology and social services; In addition, automobile, building decoration, power equipment, non-ferrous metals and other industries led the decline, all exceeding 2%.
Specifically, the pharmaceutical business sector led the rise, and 10 stocks such as Dajia Weikang, Realcan Pharmaceutical Group Co.Ltd(002589) etc. collectively rose by the limit; NFT concept sector rose in the afternoon, with Col Digital Publishing Group Co.Ltd(300364) , Meisheng Cultural & Creative Corp.Ltd(002699) limit; Assisted reproduction, medical e-commerce, virtual digital people, cloud games and other sectors were active; Oil and gas exploitation and service sector led the decline, Landocean Energy Services Co.Ltd(300157) down more than 13%; Shale gas, diamond cultivation, Russian Ukrainian conflict concept, natural gas and other sectors led the decline.
It is noteworthy that in the weakening of A-share shocks, the Hong Kong stock market also showed a correction trend. Meanwhile, European stocks generally fell at the opening.
For the future, Bohai Securities believes that at present, 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, the two sessions are expected to continue the positive “steady growth” measures, 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 such as international conflicts and the Fed’s interest rate hike have not been completely eliminated, and these external uncertainties may still affect the development process of the market. Industry configuration, the tone of the “steady growth” policy has not changed at this stage.
Guosheng Securities pointed out that it is the most difficult to stabilize the current situation. 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. Second, coal to gas industry. International oil prices have hit a high of $110 / barrel. Under the situation of tight world oil supply and high price, coal chemical industry may become an important alternative to oil supply.
At the same time, funds, private placement and other institutions are also optimistic about the future market. Xia Fengguang, manager of Rongzhi investment fund of private placement paipai.com, said that at present, the market has fully turned to the transaction logic of serious inflation. If stagflation occurs in the macro environment this year, it will be unfavorable to the stock market, so the equity market has been suppressed to a certain extent. However, the A-share market still has its own characteristics. At present, the market has included more short-term negative emotions, which may be corrected at any time. This is because China’s economic cycle operation is ahead of Europe and the United States, and the credit policy tends to be loose. Recently, from the loosening of housing loan policy in some regions, it can be seen that the credit policy is gradually implemented.
Chen Jiecheng, fund manager of Fende capital, believes that with the landing of bad factors and the upcoming two sessions of China, the market focus is expected to shift from the periphery to China. At present, the CPI is low and the downward pressure on GDP is large. At this time, the downward pressure on the economy has become the main contradiction. The policy is mainly to stabilize the economy. We expect that the policy will be warmer in the first half of 2022. After the end of the policy, after the release of extreme emotions before the festival, the emotional bottom and the market bottom are also in sight. Looking forward to the future, the background of loose monetary policy remains unchanged, while the logic of undervaluation of financial stocks remains.
Friday (March 4) trading of stocks with price limit p align = “center” prepared by: Zhang Ying
hot spot 1: the concept of assisted reproduction soared by nearly 4%, and 6 shares rose by the collective limit
On Friday, the concept of assisted reproduction rose suddenly. As of the close, the sector rose by 3.71%, ranking first in the list. Among them, six concept stocks rose by the collective limit, Hubei Goto Biopharm Co.Ltd(300966) , Dajia Weikang by 20%, and individual stocks such as Shandong Sito Bio-Technology Co.Ltd(300583) , C.Q.Pharmaceutical Holding Co.Ltd(000950) , Aurisco Pharmaceutical Co.Ltd(605116) , etc. rose by more than 10%.
In terms of news, recently, many places have also timely released relevant policies to promote fertility. The Beijing Municipal Medical Insurance Bureau, the health commission and the Ministry of human resources and Social Security jointly issued the notice on regulating and adjusting the price of some medical services, which included 16 assisted reproductive technologies such as artificial insemination and embryo transfer into Beijing medical insurance, which will be implemented from March 26, 2022. Shanghai, Hebei, Henan, Tianjin, Guizhou, Anhui, Shaanxi, Shanxi and other 12 provinces and cities have issued the application plan of human assisted reproductive technology (20212025) (hereinafter referred to as the plan). All provinces and cities indicated in the plan that the number of human assisted reproductive service institutions should be increased.
With the relaxation of IVF and IVF service cycle in China, the penetration rate of IVF and IVF service is expected to increase by about 8.08 million times in 2030, which is only 6.08 million times in the future.
hot spot 2: natural gas prices hit an eight year high, highlighting the value of energy stocks
The National Bureau of Statistics today released the market price changes of important means of production in the circulation field in late February. Among them, the latest quotation of LNG was 8437.2 yuan / ton, an increase of 2085.1 yuan / ton compared with the previous period, with a month on month increase of 32.8%. Statistics show that the natural gas quotation has set a record eight-year high. The price of liquefied natural gas rose continuously in February, with a cumulative increase of 86.73% in a single month.
Natural gas concept stocks rose better on Thursday, mainly callback today. Only Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , Fujian Snowman Co.Ltd(002639) , Shandong Xinchao Energy Corporation Limited(600777) , Changchun Gas Co.Ltd(600333) and other stocks rose by more than 2%.
Founder Securities Co.Ltd(601901) research report believes that Russia is the second largest crude oil exporter in the world and the largest natural gas supplier in Europe. The market is worried about the difficulty of Russian natural gas and crude oil export and the contraction of energy supply. If the conflict between Russia and Ukraine is not properly resolved in the short term, the prices of crude oil and natural gas will remain high. The high price of natural gas and crude oil as the basic means of production may promote the further rise of chemicals.
According to the analysis of China Post securities, the price of natural gas has reached a new high and the value of energy stocks has become prominent. At present, the global energy crisis continues to unfold, and China pays more attention to energy security issues. It is expected that the exploitation of energy such as oil and natural gas will be increased in 2022, which will benefit the natural gas and oil and gas equipment and services sectors.
