U.S. stocks fell overnight and global risk aversion remained high. Today (March 8), A-Shares were dragged down again to further explore the bottom. The three major indexes opened up and mixed up, but the Baijiu stock market failed, and then the index continued to fall. In the afternoon, the stock index once showed signs of rebound, and the semiconductor and other technology sectors changed. Unfortunately, the rest of the sectors were silent and the index weakened again.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index fell 2.35% to 329353 points; The Shenzhen composite index fell 2.62% to 1224450; The gem index fell 1.80% to 258299, with six consecutive negative days on the daily line.
From the disk point of view, the A-share market is “green”, the general decline market reappears, and the local profit-making effect drops to the freezing point. In terms of industry, the semiconductor industry is outstanding; Traditional Chinese medicine, medical devices, biological products, energy metals, coal, gas, shipping ports, logistics, aerospace and other industries led the decline. Concept stocks fell across the board, with covid-19 drugs, assisted reproduction, transgenic, infant and child concept, salt lake lithium extraction and other sectors falling ahead.
In terms of funds, the central bank announced on March 8 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on March 8, 2022, with a bid winning interest rate of 2.1%. Today, 50 billion yuan of reverse repurchase is due. Therefore, today’s open market realized a net return of 40 billion yuan.
hot sector p align = “center” Top 10 of industry sector increase p align = “center” Top 10 of industry sector decrease p align = “center” Top 10 of concept sector increase p align = “center” Top 10 of concept sector decrease
individual stock monitoring p align = “center” Top 10 net inflow of main force p align = “center” Top 10 net outflow of main force
North Fund
Fund
message surface
1. According to the interface news report, UBS believes that China may introduce economic easing policies to enhance the market’s confidence in steady growth, and China’s stock market will show greater resilience and upgrade China’s stock rating to “optimistic”.
2. According to the daily economic news, on March 8, the London Metal Exchange (LME) suspended nickel trading at least for the rest of Tuesday. Before closing, it rose 59% in the day to US $80000 / ton.
3. According to the passenger Federation, the wholesale sales volume of new energy passenger vehicles reached 317000 in February, with a year-on-year increase of 189.1% and a month on month decrease of 24.1%, which is less than that in previous years. In February, the retail sales volume of new energy passenger vehicles reached 272000, with a year-on-year increase of 180.5% and a month on month decrease of 22.6%, which was less than that in February of previous years.
4. According to the report of the securities times, on March 7, Kweichow Moutai Co.Ltd(600519) released the main business data from January to February 2022, which is the first time in its history. The announcement shows that during the Spring Festival in 2022, the sales momentum of Kweichow Moutai Co.Ltd(600519) products is good, the market shows a strong sales trend, and the “good start” is realized smoothly. According to the preliminary accounting of the company, from January to February 2022, the company achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit was about 10.2 billion yuan, a year-on-year increase of about 20%.
institutional views
For the current market, Rongwei Securities said that the market was affected by the decline of the European and American markets, so it chose to break down, and the market risk aversion increased. It is suggested to reduce the position, especially avoid high valuation varieties, and wait for the market to complete the bottom search.
China International Capital Corporation Limited(601995) believes that it is necessary to pay close attention to the impact of the external environment on the Chinese market. If the geopolitical risk does not significantly exceed expectations, there is no need to worry too much about the future performance of a shares. In terms of structure, the risk of growth stocks has been released in the early correction, and gradually entered the stage of “bargain hunting”; The “steady growth” sector fluctuates more, but there may still be room for performance in the future. On the whole, the market style is better than the “steady growth” in the early stage, and it is possible to gradually transition to a relatively balanced stage.
Guotai Junan Securities Co.Ltd(601211) securities also said that there is no need to be overly pessimistic about the short-term adjustment of the market. In the future, the molecular end will accelerate and the market warmth will become stronger. However, the negative disturbance at the denominator end is still the medium-term constraint of the market, limiting the recovery range. Don’t forget to cover the spring.
Previously, Sinolink Securities Co.Ltd(600109) mentioned that the better strategy to deal with market fluctuations is to wait and see the trend of events. In the medium term, market sentiment is still at a relatively low point, so we can be more optimistic. From defensive to offensive stage, A-Shares may usher in a small and medium-sized growth moment. Under the defensive idea, the undervalued value is preferred, but in the subsequent context of “worry free inside and trouble free outside”, when A-Shares change from defensive to offensive, the undervalued value sector is difficult to have relative returns, even the infrastructure sector with stable growth attribute.
