This week, the main A-share indexes showed obvious differentiation. The Shanghai index ( Ping An Bank Co.Ltd(000001) . SH) fell slightly by 0.11% this week, while the Shenzhen Component Index (399001. SZ) and the gem index (399006. SZ) fell sharply, down 2.93% and 3.75% respectively.
In terms of industry sectors, the steady growth direction performed relatively well this week, with the coal sector rising by more than 10% a week. In addition, there were changes in the China Russia trade sector, driving the transportation sector to rise sharply. However, the new energy sector, which rebounded sharply in February, performed poorly this week, with lithium batteries, new energy vehicles and other sectors leading the decline.
In the global market, due to the continuous conflict between Russia and Ukraine, the international financial market fluctuated greatly, gold and crude oil continued to rise sharply, and the global stock market fell more or rose less. Among them, European stock markets suffered heavy losses, with Germany’s DAX index and France’s CAC40 index falling by more than 10%. The three major stock indexes in the United States also fell one after another. The Dow Jones industrial index and the S & P 500 index fell by more than 1%, and the NASDAQ index fell by nearly 3%. In the Asia Pacific stock market, the Nikkei 225 index fell 1.85% and the Hang Seng stock market fell nearly 4%.
AVIC Securities said that in the short term, with overseas geopolitical factors superimposed on the global liquidity crunch, the market may continue to fluctuate under pessimism. Therefore, at this time point, it is suggested to allocate the value sector , which is catalysed by stable growth policies and has defensive attributes. As the adverse factors that suppress the market, including emotional factors, are gradually eliminated, the style may switch to growth again in the medium term, it is recommended that investors continue to lay out high-quality blue chips in the growth sector around the main line of stable growth .
Zheshang Securities Co.Ltd(601878) said that the overall trend of the index in March will continue to fluctuate, but the structure will appear marginal equilibrium. Specifically, since the beginning of the year, there has been a sharp differentiation between steady growth and growth stocks. The oversold superimposed financial report in the early stage catalyzes that growth stocks are expected to enter an active window in March, and the performance of steady growth and new growth is expected to converge in the stage as far as growth stocks are concerned, in addition to the early oversold track stocks, we can actively explore new growth directions around the financial report
Citic Securities Company Limited(600030) said that the government’s work report further confirmed the government’s determination to stabilize growth. Later, as the data vacuum period passed, it is expected that more macro data will be disclosed to verify the quarterly improvement of the economy and the market risk appetite is expected to be gradually boosted. at present, it is suggested to actively allocate risk assets around steady growth and pay attention to the varieties with low valuation . The government work report first proposed the establishment of a financial stability guarantee fund, which will further effectively prevent and resolve systemic financial risks.
1. Focus on steady growth in the government work report
This week’s “government work report” was released, which defined the goal of steady growth and specific policies and measures under the “triple pressure”, set the GDP growth target at about 5.5% ; At the level of stabilizing aggregate demand, a series of measures are proposed to encourage consumption, advance infrastructure investment and stabilize foreign trade. The aggregate policy set the tone of “broad finance + stable currency”, and the general tone of monetary policy remained unchanged, highlighting stable credit growth. In terms of stabilizing market players, the policy proposes a 2.5 trillion tax reduction and rebate policy to strengthen financial support for the real economy.
2. Guo Shuqing: financial risks in key areas are controlled
Guo Shuqing, chairman of the China Banking Regulatory Commission, said at the news conference of the new China office this week that the financial risks in key areas continued to be controlled in 2021. The macro leverage rate dropped by about 8 percentage points. The expansion of ‘s financial system assets has returned to a lower level, and the real estate bubble and financial momentum have been reversed .
3. The scale of public funds hit another record high
According to the latest data released by the China Fund Industry Association, by the end of January 2022, domestic public funds had a net asset value of 25.87 trillion yuan , an increase of 311.5 billion yuan month on month compared with the previous month, with a total share increase of more than trillion shares, reaching a new record.
4. Introduction of new real estate policies in some regions
The property market is warm again, this week, Article 19 of Zhengzhou’s new real estate policy was issued , which proposed to guide financial institutions in Zhengzhou to increase the investment of individual housing mortgage loans and reduce the interest rate of housing loans; Families who own a house and have settled the corresponding house purchase loans shall apply for loans again to buy ordinary commercial houses and implement the first house loan policy.
5. The rise of international oil price is too fierce! Buffett, the “stock god”, made another move: sweeping western oil for three consecutive days
According to SEC documents, a document submitted to the securities and Exchange Commission on Friday local time shows that Berkshire is increasing its bet on western Petroleum as oil prices reach their highest level in nearly 10 years. For three consecutive days on Wednesday, Thursday and Friday, Berkshire increased its holdings of 61 million shares of Western oil in its portfolio at a purchase price ranging from $47.07 to $56.45.
6. Sharp rise in international commodity prices
International commodity prices rose sharply this week, with wheat futures rising by more than 43%, palladium futures rising by more than 26%, LME nickel rising by more than 23%, WTI crude oil futures rising by more than 25% and Brent crude oil futures rising by more than 20%.
Next Wednesday and Thursday, China will release heavy economic data such as CPI, PPI, M2 and social financing scale in February. If the data exceed market expectations, it will have a certain impact on the stock market and bond market.
According to the issuance arrangement, 13 new shares will be issued from March 7 to March 11, and 2 new shares will be listed.
On March 7, it issued Geling Shentong, Sri Xincai and klaette (Beijing stock exchange); On March 8, it issued science and technology navigation, Wright optoelectronics, Tengyuan cobalt industry and kangguan technology; On March 10, Huarong chemical, Harbin Welding Huatong and he ophthalmology were issued; On March 11, Junpu intelligence, Heyuan biology and zhaoxun media were released.
The cumulative number of these 13 new shares is about 887 million, and the total amount of funds raised is expected to be 12.088 billion yuan. In addition, two new shares will be listed next week. Huaqin technology and Huashi technology will be listed on March 7. The main conditions of issuing new shares next week are as follows:
Geling deep pupil: with the vision of “let computers understand the world”, the company focuses on the deep integration of advanced computer vision technology and big data analysis technology with application scenarios, and provides artificial intelligence products and solutions for urban management, smart finance, commercial retail, sports health, rail transit operation and maintenance and other fields.
Sri new materials: company is a manufacturer of key basic materials and components of high-strength and high conductivity copper alloy materials and products, medium and high voltage electrical contact materials and products, high-performance metal chromium powder, medical imaging components and other products, with rail transit, power electronics, aerospace, medical imaging and other high-end application fields as the target market.
klaette: company mainly produces more than 100 kinds of fans in three series: axial flow, centrifugal flow and diagonal flow. Its products include rail transit fans, fans for refrigeration and air conditioning, rail transit fans, marine fans, nuclear power fans, roof fans, cooling tower fans, offshore drilling platform fans, etc.
kangguan Technology: company is a design and production enterprise focusing on the field of intelligent display. Its main business is the R & D, production and sales of intelligent display products. Its main products include intelligent interactive display products in commercial field, intelligent TV in household field, etc.
science and technology navigation: company is mainly engaged in the R & D, production and sales of inertial navigation system and its core components, and provides customers with technical services related to navigation, guidance and control system based on its own technology. The company’s main products and services include inertial navigation system, core components of inertial navigation system, other parts and technical services. The products are mainly used for weapons and equipment such as long-range guided ammunition.
Tengyuan cobalt industry: company is mainly engaged in the R & D, production and sales of cobalt and copper products. It is one of the most competitive cobalt salt production enterprises in China. The core products of the company are cobalt salts such as cobalt chloride and cobalt sulfate and cobalt oxides such as cobalt trioxide. In addition, due to the associated characteristics of copper and cobalt, the company also produces electrodeposited copper. The company is a high-tech enterprise with outstanding technical capacity, advanced process equipment and excellent product quality. It is one of the leading enterprises in the cobalt salt production industry with the largest scale strength and technical level in China.
Wright optoelectronics: company has realized the whole industrial chain operation of OLED organic material intermediate synthesis, material preparation before sublimation and terminal material production. The company has independent patents for a variety of OLED terminal materials and has realized large-scale production. Relying on excellent R & D technical strength, excellent product performance and perfect supporting service system, the company has obtained good industry recognition and accumulated extensive customer resources.
he’s ophthalmology: company was founded by He Wei, doctor of Ophthalmology, director of the International Council of Ophthalmology (ICO) and his team. It is a group type chain medical institution integrating medical teaching and research, adopting the three-level eye health medical service model and committed to the whole life cycle eye health management. The company’s main business is to provide ophthalmic specialist diagnosis and treatment services and optometry services for patients with eye diseases.
Harbin Welding Huatong: company is a high-tech enterprise specializing in the R & D, production and sales of all kinds of fusion welding materials. It is the fourth batch of pilot units for the mixed ownership reform of state-owned enterprises by the national development and Reform Commission. At present, its main products include all kinds of carbon steel welding wires, low alloy steel welding wires, stainless steel welding wires, aluminum alloy welding wires, nickel base welding wires There are hundreds of varieties of flux cored wire, special electrode, flux, welding strip and other series.
Huarong chemical: company is an advanced enterprise committed to the green recycling and comprehensive utilization of high-quality potassium hydroxide. Its main products are high-quality potassium hydroxide. According to the statistics of Baichuan Yingfu, the sales volume of high-quality flake potassium hydroxide of the company ranked second in China in 2019.
zhaoxun media: company is a professional high-speed railway digital media operator in China. Since its establishment in 2007, it has been focusing on the development of digital media in railway passenger stations. The company has become one of the operators with the widest coverage of media resources in the high-speed railway digital media advertising industry.
Junpu Intelligence: company is a global supplier of intelligent manufacturing equipment. The main products and services include automotive industry, industrial motors, consumer goods, medical and health intelligent manufacturing equipment, as well as industrial 4.0 application software and digital services.
and metabiology: company is a biotechnology company focusing on the field of gene therapy, focusing on providing gene therapy vector construction, target and efficacy research, process development and testing, ind-cmc pharmaceutical research Integrated cro / cdmo services such as clinical phase I-III and commercial GMP production.
