Opening on Monday, the three major indexes opened slightly lower. In the morning, the indexes of the two cities fluctuated higher and turned red, and then fell back. In the afternoon, the three major stock indexes continued to decline, then rebounded slightly, and finally the Shenzhen composite index closed up slightly, while the Shanghai index and gem index closed down slightly. As of the close, the Shanghai index fell 0.06%, the Shenzhen Composite Index rose 0.04% and the gem index fell 0.1%.
In terms of the Beijing stock exchange, individual stocks rose more and fell less today. As of the close, 64 stocks rose and only 11 stocks fell.
hot plate
On the disk, NMN concept, household goods, hydrogen energy, lithium extraction from Salt Lake, agriculture, animal husbandry, feeding and fishing, lidar, tobacco and other sectors increased, while yuanuniverse, wine making, cloud games, UHV, seed industry, diamond cultivation, Huawei automobile, vocational education and other sectors decreased.
disk interpretation
China International Capital Corporation Limited(601995) pointed out that the configuration continues to tilt towards policy expectations and the middle and lower reaches. 1) Areas potentially supported by marginal change or development of policies, including industrial chains related to stable demand for infrastructure and real estate (construction, building materials, household appliances, home furnishings, real estate, etc.), potential consumption support areas, securities companies, etc; 2) For the middle and lower reaches consumption that has been adjusted this year, the valuation is not high, and the medium – and long-term prospects are still clear, choose stocks from the bottom up, including food and beverage, medicine, household appliances, light industry and household appliances, automobiles and parts, Internet and media, agriculture, forestry, animal husbandry and fishery, etc; 3) It may be restrained in the short term and pay attention to the manufacturing direction with high prosperity in the medium term, including new energy vehicles, new energy and scientific and technological hardware semiconductors. It selects shares and configures them according to the change of prosperity degree of industrial chain links, with special attention to the manufacturing opportunities in transmission and distribution upgrading, auto parts and other links.
Haitong Securities Company Limited(600837) said that from the review of the restless market at the end of the previous year and the beginning of the year, the cross year market usually occurs every year, and the capital interest rate usually drops at the beginning of the year, and the risk appetite of investors is relatively higher at the beginning of the year. On the whole, the market performance from July to October this year is relatively weak, the current valuation is acceptable, and the liquidity is relatively abundant. Based on the history, this cross year market may be started in advance this year. The rise of the index is not violent at present, but the bottom of the market has been slowly rising. Before November, the bottom of the CSI 300 was about 4800 points, and the bottom of the index has been significantly raised recently. Specifically, we can focus on three main lines: undervalued big finance, high boom hard technology and consumption follow-up rebound.
message face
Ministry of Finance: it is estimated that the annual new tax cuts and fee reductions will reach 1 trillion yuan
On December 27, the national financial work video conference was held in Beijing. The meeting pointed out that in 2021, the financial department will earnestly implement the decisions and arrangements of the Party Central Committee and the State Council, coordinate epidemic prevention and control and economic and social development, actively improve the quality and efficiency of financial policies, promote the construction of a new development pattern, take new steps and achieve new results in high-quality development. We will strengthen the regulation of fiscal policies, maintain the necessary scale of fiscal expenditure, optimize the management of the issuance and use of special bonds of local governments, carry out a pilot project of no hidden debt in the whole region, establish a normalized direct financial fund mechanism and expand the scope, optimize and implement the tax reduction and fee reduction policies, and it is expected that the new tax reduction and fee reduction in the whole year will reach 1 trillion yuan.
CICC: moderately over allocation of Chinese stocks and interest rate bonds in the next 3-6 months
China International Capital Corporation Limited(601995) pointed out that in the short term, the signal of steady growth is gradually released. After the central bank announced the reduction of reserve requirement on December 6, it announced on December 20 that it would reduce the lpr1 one-year interest rate by 5bps, and monetary conditions may continue to be loose in the future. Historical experience shows that about 2-3 months after the first interest rate cut in the historical interest rate cut cycle, PMI began to stabilize and recover, which is reflected in the asset price. The growth sector took the lead in responding. The short-term rise and fall at the stock market index level, and the interest rate generally declined in the short term. Then, with the stabilization of PMI and turned upward, while the RMB tends to weaken after the interest rate cut. From the whole year of 2022, the economic cycle operation and credit pulse signal suggest that Chinese assets may usher in phased opportunities in the first half of the year. The risk premium index predicts that the differentiation between stocks and bonds will increase, the stock index will perform relatively well, and the interest rate will go down first and then up. It is suggested to moderately over allocate Chinese stocks and interest rate bonds in the next 3-6 months and make the allocation more balanced in the second half of the year.
(Xinhua Finance)
