On December 29, the trend of the three major A-share indexes in the morning was sluggish, the market remained weak and volatile in the afternoon, and the Shanghai 50 index continued to lead the decline. As of the close, the stock index fell 0.91% to close at 3597 points, missing the integer mark of 3600 points; The Shenzhen Component Index fell 1.24% to close at 14653.82; The gem index fell 1.4% to close at 3281.90.
On the disk, the covid-19 detection plate continued to strengthen in the afternoon, Motic (Xiamen) Electric Group Co.Ltd(300341) rose by more than 10%, the Andon Health Co.Ltd(002432) limit rose by three plates in four days, Chimin Health Management Co.Ltd(603222) , Xilong Scientific Co.Ltd(002584) limit, Guangzhou Improve Medical Instruments Co.Ltd(300030) , Shanghai Runda Medical Technology Co.Ltd(603108) , Jiangsu Skyray Instrument Co.Ltd(300165) , Shenzhen Yhlo Biotech Co.Ltd(688575) and so on rose by more than 5%. Afternoon Baijiu plate continued to decline, Anhui Yingjia Distillery Co.Ltd(603198) , Anhui Gujing Distillery Company Limited(000596) , Jiugui Liquor Co.Ltd(000799) , Anhui Kouzi Distillery Co.Ltd(603589) , Luzhou Laojiao Co.Ltd(000568) , Xinjiang Yilite Industry Co.Ltd(600197) and so on fell over 5%, Kweichow Moutai Co.Ltd(600519) fell more than 4%. Heavyweights in the traditional Chinese medicine sector fell sharply, Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) fell by the limit, China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Beijing Tongrentang Co.Ltd(600085) fell by more than 5%. Today, the trend of large cap stocks and small cap stocks in the market is obviously differentiated. In terms of high-level stocks, today San Yang Ma (Chongqing) Logistics Co.Ltd(001317) resumed trading, and the stock price rose again, driving the activity of high-level stocks. The Fujian Snowman Co.Ltd(002639) staged the tianban. Yesterday, all nine board stocks rose today, of which seven continued to rise. Overall, today’s stocks fell more or less, and more than 2500 stocks fell. The turnover of Shanghai and Shenzhen stock markets today was 997.3 billion, a decrease of 5.4 billion compared with the previous trading day, and the trading volume fell below trillion again. On the disk, China shipbuilding, airport shipping, COVID-19 testing, Saline Lake lithium extraction, intelligent logistics and other plate sales rose, planting industry and forestry, Baijiu, Yuan universe, dairy industry and other plate top down.
Institutional perspective:
Orient Securities Company Limited(600958) : at present, the medium-term fluctuation of the index remains unchanged, but the capital operation at the end of the year is cautious, the market sentiment tends to avoid risks, the plate rotation is more frequent, and the operation is difficult. You can choose an appropriate amount of participation in some subject stocks. In the medium-term, you still need to focus on the mining of listed companies whose annual reports exceed expectations.
Guosheng Securities: near the end of the year, the current market has a clear mood of avoiding high and low, and the plates with large increase in the early stage have ushered in adjustment. The main reasons are the large uncertainty of market liquidity at the end of the year and the lack of capacity due to only one trading day of northbound funds this week. In terms of operation, we should pay more attention to the direction of high performance growth in the coming year in the future. At present, the adjustment range of this round of boom track is greater than 15%. As the direction of sustained boom in the coming year, we can pay more attention gradually; In addition, the overall A profit growth rate decreased in 2022 or larger. Baijiu and the selected food sector with stable growth can also be concerned.
Wanhe Securities: in 2022, the risk of A-share investment is greater than the opportunity. It is suggested that investors reduce their income expectation and actively look for structural opportunities. In terms of timing, in the second half of 2022, when the external fed ends its table expansion, interest rate hike and other uncertain factors, if China’s economy shows signs of improvement, A-Shares will begin to usher in a new round of medium and long-term investment opportunities.
(upstream News)
