Today (March 9), A-Shares walked out of the deep V-shaped pattern, which is thought-provoking. The Shanghai and Shenzhen stock markets opened high in the morning, with a shock consolidation performance at the beginning of the market, followed by a diving, and the stock index fell continuously; In the afternoon, the stock index weakened further and accelerated the diving rhythm. Near the end of the trading day, the big finance supported the trading and the sudden rise of counting East and West prompted the stock index to rise rapidly and the decline gradually narrowed.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai Composite Index fell 1.13% to 325639 points; The Shenzhen composite index fell 1.12% to 1210717 points; The gem index fell 0.63% to 256672.
From the disk perspective, resource stocks and bank stocks have the performance of supporting the market, and subject stocks have occasional changes. On the whole, the industry and concept sectors have more or less decline, and the local profit-making effect is general. In terms of industry, coal, precious metals, photovoltaic, engineering construction, electric power, semiconductor and other industries rose against the trend; In terms of subject stocks, the number of East and West, green power, photovoltaic buildings, IGBT concept, data center, etc. were among the top gainers.
In terms of funds, the central bank announced on March 9 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on March 9, 2022, with a bid winning interest rate of 2.1%. Today, the 10 billion yuan reverse repurchase is due. Therefore, today’s open market realizes zero delivery and zero return.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the National Bureau of statistics, in February, the national consumer price rose by 0.9% year-on-year. Among them, the urban rose by 1.0% and the rural rose by 0.5%; Food prices fell by 3.9% and non food prices rose by 2.1%; Consumer goods prices rose 0.7% and service prices rose 1.2%. In February 2022, the ex factory prices of industrial producers in China increased by 8.8% year-on-year and 0.5% month on month; The purchase price of industrial producers increased by 11.2% year-on-year and 0.4% month on month.
2. According to the website of the national development and Reform Commission, the national development and Reform Commission will continue to strengthen its work with relevant departments, main coal producing areas and key enterprises, improve the coal production, supply, storage and marketing system from the aspects of promoting formalities handling and strengthening emergency reserves, further release high-quality coal production capacity, strengthen coal mine production scheduling, and strive to stabilize the national daily coal output at more than 12 million tons, Ensure reasonable production capacity, sufficient output, smooth transportation and sales, and safe supply.
3. According to the daily economic news, the latest news from the London Metal Exchange (LME) said that nickel futures trading should be resumed no earlier than Friday (March 11), and a one-day limit of 10% should be set for nickel futures.
4. According to the Shanghai Securities News, on the evening of March 8, about 40 listed companies in Shanghai and Shenzhen disclosed the announcement of repurchase plan and repurchase progress, and several listed companies disclosed the announcement of increasing shareholding of shareholders or executives. Among them, 21 companies in Shanghai stock market alone submitted announcements related to share increase and repurchase, including large and medium-sized companies such as Qi An Xin Technology Group Inc(688561) , Haier Smart Home Co.Ltd(600690) , Zhejiang Chint Electrics Co.Ltd(601877) , 360 Security Technology Inc(601360) . Some market participants believe that this is industrial capital to inject confidence into the A-share market with real gold and silver.
institutional views
For the current market, Xiangcai Securities pointed out that in the long run, with the orderly promotion of vaccination, the epidemic will eventually come to an end, short-term factors such as geopolitical crisis will not affect the long-term trend of China’s steady economic development, and the inflation caused by the excess currency of the Federal Reserve will eventually be controlled with the Federal Reserve’s table contraction and interest rate increase. Although the fundamentals of the stock market fluctuate in the short term, However, the medium and long-term upward trend remains unchanged. After this round of decline, the sectors and individual stocks that return to a reasonable valuation range will regain long-term investment value, and the market will usher in a new round of “price fluctuation around value” cycle.
Minsheng securities mentioned that some wait-and-see investors are still waiting for a new main line in the market, but in fact, the new main line of the market has been established and the real cycle is beginning. We understand the underlying logic of investors’ concerns about assets that “rely on price judgment”: in the past, the inflation center moved down, and the best price judgment strategy is to avoid such assets. However, the environment has been changing, the upward movement of inflation center has been established, and the appreciation path of physical assets is very obvious. Therefore, avoiding assets relying on price judgment should not be a wise choice, and the inertial thinking needs to be broken.
Huabao Securities believes that it is optimistic about high priority new and old infrastructure. Overall return to balanced allocation, Nuggets underestimate the field, and continue to pay attention to the investment opportunities in the “stable growth” sector. The capital construction industry chain with high certainty is the first to be promoted, in which the old capital construction focuses on underground pipe network and energy base; The new infrastructure focuses on recommending investment opportunities in 5g, digital computing in the East and digital computing in the West and industrial interconnection. Secondly, after the retreat of risk aversion and the landing of overseas interest rate hikes, growth sectors with strong performance growth and certainty and reasonably low valuation can be configured, such as photovoltaic, semiconductor and other fields.
Guosen Securities Co.Ltd(002736) also said that the “currency credit” hot wheel will be used this year. Under the expectation of steady growth in the first half of the year, both currency and credit will be wide, which is good for stocks and commodities. In terms of theme investment, focus on specialization and innovation, industrial upgrading and ESG In the medium and long term, China’s economic momentum and industrial structure are gradually moving from large consumption to high-end manufacturing, paying attention to new infrastructure and high-tech sectors, and seizing the opportunities of green economy and digital wave.
