On March 8, A-Shares continued to weaken, with the Shanghai index falling behind 3300 points and the gem index falling behind 2600 points, both reaching a 16 month low. More than 4200 stocks in the two cities fell, and 146 stocks fell by more than 9%. Only 446 stocks rose in the two cities.
“A-share crash” boarded the microblog hot search again.
On the same day, the Asia Pacific stock market also fell further. The Hang Seng technology index of Hong Kong stocks rose for a time, but then plunged. As of the close, it fell 1.5%. The stock markets of Japan and South Korea fell further. The Nikkei 225 and South Korea composite index both fell more than 1%.
nickel mine and the concept of counting from east to West are strengthened
As of the close, the Shanghai Composite Index fell 2.35% to 329353 points, falling for five days in a row; The Shenzhen Component Index fell 2.62% to 122445 points, and the gem index once turned red in the afternoon, but the market rebound was weak. As of the close, it fell 1.8% to 258299 points.
The turnover of the two cities exceeded trillion yuan for two consecutive trading days, and the actual net sale of funds from the North was 8.7 billion yuan.
On the sector, the concept of counting from the east to the West led the rise, Leon Technology Co.Ltd(300603) 20% limit, Zhengzhou Tiamaes Technology Co.Ltd(300807) more than 15%, Zjbc Information Technology Co.Ltd(000889) limit, Nanxing Machinery Co.Ltd(002757) , Xinjiang Sailing Information Technology Co.Ltd(300588) , Beijing Dataway Horizon Co.Ltd(301169) , etc. On March 7, Lin nianxiu, deputy director of the national development and Reform Commission, said at the press conference that we should speed up the construction of 10 national data center clusters and steadily and orderly promote the construction of national new Internet switching centers and national Internet backbone direct connection points.
A-share nickel related stocks broke out, Pengxin International Mining Co.Ltd(600490) limit, Hunan Corun New Energy Co.Ltd(600478) , Gem Co.Ltd(002340) , Inner Mongolia Xingye Mining Co.Ltd(000426) and other stocks rose.
On the news side, London nickel soared 76% overnight, hitting a record high of US $55000 / ton. On Tuesday, March 8, Lun nickel once rose more than 110% to US $101365 / ton, setting a new record.
The latest news shows that the London Metal Exchange (LME) will suspend nickel trading for at least the rest of Tuesday. Before the suspension of trading, the quotation of lunni was about 80000 US dollars / ton.
The uncertainty of the conflict between Russia and Ukraine and the higher than expected demand for new energy have driven the growth of nickel.
According to the data of Founder medium-term futures, Russia is an important producer and exporter of nickel. Its nickel ore reserves rank fifth in the world, and the export volume of nickel sector ranks first in the world. Russian nickel sector is the main nickel delivery product of LME.
According to the data of the U.S. Geological Survey, the output of nickel ore in Russia was 250000 tons in 2021, accounting for 9.3% of the total global output. With the increase of sanctions against Russia, many countries began to restrict and review the passage of ships carrying Russian related goods to port, and the transaction and transportation of Russian nickel were hindered and delayed. LME nickel inventory has been in the process of continuous inventory reduction, and the obstruction of Russian nickel trade has further exacerbated the tension of nickel spot in Europe.
The concept of A-share lithium battery fell sharply, Youngy Co.Ltd(002192) , Tianqi Lithium Corporation(002466) , Sinomine Resource Group Co.Ltd(002738) , Qinghai Salt Lake Industry Co.Ltd(000792) , etc.
Covid-19 drug concept was significantly revised back, Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Jinghua Pharmaceutical Group Co.Ltd(002349) fell by the limit, Huapont Life Sciences Co.Ltd(002004) hit the limit, and Aba Chemicals Corporation(300261) , Hybio Pharmaceutical Co.Ltd(300199) , Shanxi C&Y Pharmaceutical Group Co.Ltd(300254) fell by more than 10%.
Yesterday Kweichow Moutai Co.Ltd(600519) released the first monthly operation data report in history: from January to February 2022, the total operating revenue was about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to shareholders of listed companies was about 10.2 billion yuan, an increase of about 20% year-on-year.
Under the positive effect, Kweichow Moutai Co.Ltd(600519) opened sharply in early trading, and once more than 4% in the intraday, leading to two cities in the Baijiu market. However, under the pressure of substantial adjustment of the overall market, Kweichow Moutai Co.Ltd(600519) as of the closing, it was reported at 1753.2 yuan, up 2.71%.
In the declining market, the two financial data deserve special attention. On March 3 and March 4, the balance of the two financial institutions decreased continuously, decreasing by 1.431 billion yuan and 7.312 billion yuan respectively compared with the previous day. However, when A-Shares fell sharply on March 7, the balance of two financial institutions on that day increased by 980 million yuan compared with the previous day. According to first finance, a person from the Shanghai Branch of a large securities firm said that according to his observation, there are not a large number of two financial accounts touching the early warning line.
In the view of the industry, when the stock market fell, the financing balance increased, which means that there are obvious differences between the long and short sides of the market.
organization: control positions and focus on defense
Huaxin Securities pointed out that A-Shares fell in large quantities. At present, the market has entered the stage of extreme panic. Don’t be too pessimistic for investors. The market does not have the conditions for sustained sharp decline.
Western Securities Co.Ltd(002673) believes that the escalation of peripheral conflicts has been gradually expected by the market. It is expected that the prices of industrial resource products will return to rationality and the epidemic situation in China will be effectively controlled in the future. With the implementation of the Fed’s interest rate hike, it is expected to promote the recovery of risk sentiment at home and abroad, superimpose the window period of the annual report and the first quarterly report and the correction of liquidity expectations, there is still a meal market in the A-share market in the first half of the year.
China International Capital Corporation Limited(601995) believes that it is necessary to pay close attention to the impact of the external environment such as the situation in Russia and Ukraine 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) said that the market has continued to weaken recently, with the Shanghai index falling four times and the gem index falling six times. From the perspective of technical form, there is no sign of stabilization at present. After hitting new lows in successive stages, it will take time for market sentiment to repair. The overseas situation is not yet clear. The Federal Reserve has a high probability of raising interest rates by 25 basis points in March. The recent negative factors continue to release, bringing a haze to the future market. International nickel prices rose sharply and commodity inflation expectations soared again. It is difficult for the stock market to perform well in an inflationary environment. Therefore, in the short term, it is suggested to control positions and focus on defense. We can pay attention to high dividend varieties with strong certainty, as well as infrastructure and construction materials that benefit from the bottom of the economy.
