panel overview
On Tuesday, A-Shares opened higher and went lower. The Shanghai index fell below 3300 points, a new low for more than a year, and the gem index fell below 2600 points. On the disk, photovoltaic equipment, communication services, semiconductors, securities and other industries have strengthened against the trend; Pharmaceutical commerce, mining, energy metals, traditional Chinese medicine, gas, medical devices, beauty care, household light industry, logistics, shipping ports, chemical pharmacy, education, coal, oil and other industries led the decline. In terms of subject stocks, the East West calculation, state-owned assets cloud, Shangtang concept, etc. rose against the market, while the Sino Russian trade concept, assisted reproduction, covid-19 drugs, hair medicine, infant and child concept, Helicobacter pylori, covid-19 detection, medical beauty, oil and gas equipment, traditional Chinese medicine concept, transgene and extracorporeal diagnosis led the decline.
message surface
expert: Overseas factors disturb short-term sentiment, and the long-term fundamentals of A-Shares are still stable
Recently, affected by external factors such as the situation in Russia and Ukraine, the A-share market has adjusted as a whole. In this regard, a number of industry experts told the Shanghai Securities News that short-term external factors may lead to the release of capital sentiment. However, judging from the statements made by all parties at the two sessions, China’s economic development and enterprise fundamentals are highly uncertain, and the short-term emotional disturbance does not hinder the long-term stability and improvement of the market.
Brent crude oil futures once approached $140. Experts remind: beware of “climbing high and falling heavy”
On March 7, WTI crude oil futures hit $130.5/barrel and Brent crude oil futures hit $139.13/barrel. Several experts interviewed said that the escalation of geographical conflicts led to the rise of oil prices. The rise in oil prices has a differentiated impact on the industrial chain. Once the geopolitical situation eases, oil prices may “rise and fall”.
Citic Securities Company Limited(600030) : there may be room for further easing of monetary policy
Citic Securities Company Limited(600030) pointed out that the government work report further determined the target of stable growth, the implementation of monetary policy should be strengthened, the follow-up monetary policy may have room for further easing, and the window of RRR reduction is gradually approaching. At the stage when the economy is still below the growth target, it is expected that the 1-year MLF interest rate of 2.85% is still the phased top of the 10-year Treasury bond interest rate. In the environment where monetary policy remains loose and credit still needs to be verified, the allocation disk is defensive. However, due to the space for further easing of subsequent monetary policy, it can appropriately participate in band trading opportunities after interest rates fall.
Jufeng viewpoint
pre market judgment: overnight, European and American stock markets generally fell, many countries entered a technical bear market, European natural gas, palladium and copper all hit new highs, LUNI soared 73% on Monday and $2000 on the gold station, and risk aversion continued to rise. It is expected that the A shares will still open low on Tuesday and continue to release the adjustment pressure. It is suggested that investors should control their positions and pay attention to the risks for the stocks with the medium and high callback of the two financial targets reaching 30%.
In fact, the three major A-share indexes fluctuated, with the Shanghai index falling by 0.01%, the Shenzhen composite index rising by 0.17% and the gem index rising by 0.56%. The three child concept and nickel related stocks opened actively, and the oil and gas and China Russia trade sectors weakened Kweichow Moutai Co.Ltd(600519) high opening is 3.1%, and Contemporary Amperex Technology Co.Limited(300750) high opening is 2.0%, which significantly drives the index.
After the opening, the stock index fluctuated and fell, the strong concept of three children fell sharply on Monday, oil, natural gas, oil and gas equipment and services made up for the decline, photovoltaic, semiconductor, wine making, tourism hotels, East digital West computing and other sectors rose and fell, maintaining the market heat; The gem index fell below the 2600 point mark. There have been many changes in the trading of securities companies, and the effect of protecting the market is not obvious. Since then, the decline of the stock index has deepened, and the Shanghai index has hit a new low since November 2020.
learn from the trend of A-share market in March in the past, it is suggested to sell high rather than chase up for individual stocks with abnormal movements in the session
investment suggestions: Jufeng investment adviser believes that the central bank has continuously cut reserve requirements and interest rates since December last year to release liquidity, indicating that the policy bottom has appeared; However, the construction of the market bottom is more complex and there is a time lag between the market bottom and the policy bottom, so the trend of A-Shares has twists and turns. After the Spring Festival, the liquidity of the market improved, and A-Shares began to oversold and rebound. The value and growth rose one after another, but the rebound has come to an end. A-share bottom box is a good opportunity for high throwing and low absorption; The medium-term proposal takes growth as the main line, and individual stocks with higher than expected growth in the annual report and the first quarter report can continue to participate in the rebound.
