On Tuesday, the main A-share indexes continued to narrow, pulling up in the late trading. As of the close, the Shanghai composite index was up 0.39% at 3630.11 points, and the Kechuang 50 index was up 1.03%; The Shenzhen Component Index rose 0.83% and the gem index rose 1.06%.
On the disk, the hot plate still shows a rotating pattern. Coal and traditional Chinese medicine sectors with active performance on Monday adjusted yesterday, while real estate, building materials and other sectors also weakened.
There is also rotation within the subdivided field of new energy track. Monday’s rise was weaker than the previous hydrogen energy sector, while the salt lake lithium extraction sector adjusted in the early stage rebounded sharply and staged a trading tide. Cange mining, Vontron Technology Co.Ltd(000920) , Tibet Summit Resources Co.Ltd(600338) and other stocks rose by the limit. Both Qinghai Salt Lake Industry Co.Ltd(000792) and Tianqi Lithium Corporation(002466) leading stocks rose by more than 8%.
Tianfeng Securities Co.Ltd(601162) said that lithium prices continued to rise recently, while the performance of the secondary market was weak. Looking back on the last round of lithium price cycle, the stock price also deviated from the fundamentals, and investors paid more attention to the performance realization. Meanwhile, the market is worried that the lithium salt sector is still biased towards the cyclical attribute, and the high product price is difficult to maintain.
Tianfeng Securities Co.Ltd(601162) further analysis shows that with the continuous improvement of the demand of new energy industry next year, the lithium price center will maintain a high boom in 2022. When the market sees that the price of lithium salt continues to be strong and gradually forms consistent expectations for the price, it will focus on the performance improvement brought by the enterprise’s production expansion. Therefore, Tianfeng Securities Co.Ltd(601162) emphasizes that the long-term logic of lithium salt plate is “volume” rather than “price”, and is still firmly optimistic about its configuration value next year.
In terms of funds, the northbound funds that resumed trading on Tuesday bought a net 1.293 billion yuan throughout the day. In terms of specific stocks, Industrial Bank Co.Ltd(601166) , Contemporary Amperex Technology Co.Limited(300750) , Ping An Insurance (Group) Company Of China Ltd(601318) received net purchases of 593 million yuan, 529 million yuan and 440 million yuan respectively. The net sales of Kweichow Moutai Co.Ltd(600519) ranked first, with an amount of 765 million yuan.
Zheshang Securities Co.Ltd(601878) the strategy team said that at the end of the year and the beginning of the year, the capital “holding together” sector often faces differentiation and consolidation, and the stock price fluctuation also increases. For example, SSE 50 differentiation in early 2018, semiconductor differentiation in early 2020 and “Mao index” plate differentiation in early 2021. On this basis, with the rebalancing of the “Baotuan” plate at the end of the year and the beginning of the year, the market enters the window of structural switching, and the fluctuation also increases.
From the perspective of one to two weeks, Zheshang Securities Co.Ltd(601878) believes that the market is still in the window period of “holding together” rebalancing and structural optimization. However, after the rebalancing of the “holding together” plate, the market is expected to enter the restless window period in spring from the middle and late January 2022.
The China International Capital Corporation Limited(601995) strategy team also said that from historical experience, the market tends to gradually turn positive when more clear policies are implemented or forward-looking indicators are significantly improved. China International Capital Corporation Limited(601995) believes that the short-term “steady growth” policy is expected to be gradually implemented in the future. In the medium term, structural trends such as industrial upgrading are expected to support market performance.
(Shanghai Securities News)
