Key investment points:
Financial Highlights
1. National Bureau of Statistics: in February, CPI increased by 0.9% year-on-year and PPI increased by 8.8% year-on-year.
2. The central bank explained the macro leverage ratio in detail, which was stable as a whole, and the growth rate of housing loans slowed down.
3. Mai Pusi, the godfather of emerging markets: the weakness of China's stock market will not last long.
4. National Energy Administration: promote the completion and operation of the first batch of 100 million kW wind and light bases.
5. Biden officially signed the US energy import ban on Russia.
A-share market overview
On Wednesday (March 9), the A-share market rebounded from the bottom and fluctuated widely. In the morning, the stock indexes of the two cities surged rapidly, and the Shanghai index encountered great resistance in the area above 3300 points. With the repeated decline of military industry, securities, medicine and cyclical industries, the stock index was dragged down step by step. In the afternoon, fear and panic spread, and the market accelerated its decline. The Shanghai index once broke through 3150 points, In late trading, with the entry of OTC funds, the stock index rebounded rapidly, and the Shanghai index basically continued to fluctuate in a wide range throughout the day. The GEM market fluctuated downward on Wednesday, and the performance of the component index was slightly stronger than that of the main board market.
Future research and investment suggestions
On Wednesday, the A-share market rebounded from the bottom and fluctuated widely. In the morning, the stock index rose and was blocked, and the Shanghai index encountered strong resistance above 3300 points. With the repeated decline of finance, military industry, medicine, real estate and cyclical industries, the stock index fell rapidly, and the panic spread in the afternoon. The Shanghai index accelerated its decline. It once broke through 3150 points, and the OTC funds entered the market to do more in the late trading, Drive the stock index to rise rapidly. Affected by multiple factors, the Shanghai stock index fell sharply this week, and the market risk was accelerated. Whether the stock index proved a phased low on Wednesday still needs further verification. In the future, it is suggested to pay close attention to the changes of policy, capital and external factors.
It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. We suggest investors to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Risk tip: policy risk, economic downturn.
