panel overview
On Wednesday, after A-Shares opened slightly higher, they fluctuated lower, the three major stock indexes simultaneously hit a new low in this round of adjustment, and the decline of stock indexes narrowed in the late trading, forming a deep V bottom trend. On the disk, coal, precious metals, photovoltaic, engineering construction, public utilities, electric power, semiconductor and other industries rose against the trend; Energy metals, mining, non-ferrous metals, aerospace, securities, chemical fertilizer, pharmaceutical commerce, trade industry, medical services, steel, real estate and other industries led the decline. In terms of subject stocks, East digital West computing, green power, hit battery, pumped storage, photovoltaic building, IGBT concept, data center, etc; Base metals, the concept of sugar substitutes, the cold chain of vaccines, nursery services, assisted reproduction and low-carbon metallurgy led the decline.
message surface
the central bank turned in a profit of 1 trillion, which is equivalent to the fiscal policy of comprehensively reducing the reserve requirement by 50bp and increasing by 1%
The people’s Bank of China announced that this year, the people’s Bank of China handed over the balance profits to the central government in accordance with the law, with a total amount of more than 1 trillion yuan, which is mainly used to offset tax rebates and increase local transfer payments, support enterprise relief, stabilize employment and ensure people’s livelihood. The balance profit of the people’s Bank of China mainly comes from the operating income of foreign exchange reserves in the past few years, which will not increase the burden of taxes or economic entities, nor is it a fiscal deficit.
According to the analysis of insiders, this is equivalent to a comprehensive reduction of reserve requirement by 50bp and an increase of 1% in fiscal policy.
listed companies buy back real gold and silver with confidence! Increase holdings! Dozens of companies release positive protection signals
On the evening of March 8, about 40 listed companies in Shanghai and Shenzhen disclosed the announcement of repurchase plan and repurchase progress, and a number of 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.
China’s CPI in February increased by 0.9% year on year, and PPI increased by 8.8% year on year
China’s CPI in February increased by 0.9% year-on-year, with the previous value of 0.9%; China’s PPI in February increased by 8.8% year-on-year, with the previous value of 9.1%. In February, influenced by the Spring Festival and the fluctuation of international energy prices, CPI rose slightly month on month, and the year-on-year increase was generally stable. In February, affected by factors such as the rise in the prices of international bulk commodities such as crude oil and non-ferrous metals, PPI changed from decline to rise month on month, and the year-on-year increase fell. The National Bureau of Statistics said that in February, among the ex factory prices of industrial producers, the prices of means of production increased by 11.4% year-on-year, affecting the overall level of ex factory prices of industrial producers by about 8.56 percentage points. Among them, the price of mining industry increased by 33.0%, the price of raw material industry increased by 17.9%, and the price of processing industry increased by 6.6%.
Jufeng viewpoint
pre market judgment: overnight, the European and American stock markets continued to adjust, the decline narrowed significantly, and the US stock aviation and energy sectors rose sharply; Crude oil continued to rise and gold prices hit an all-time high. It is expected that A-Shares will gradually bottom on Wednesday and are expected to rebound first. It is suggested that investors control their positions and pay attention to risks for stocks with a medium and high callback of 30% of the two financial targets.
In fact, the three major A-share indexes collectively opened higher, with the Shanghai index opening higher by 0.31% above 3300 points, the Shenzhen composite index rising by 0.31%, the gem index rising by 0.46%, the metal nickel sector weakened sharply, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) falling by more than 14%, Zhejiang Huayou Cobalt Co.Ltd(603799) , Hengli Industrial Development Group Co.Ltd(000622) falling by more than 9%, and Chengtun Mining Group Co.Ltd(600711) falling by more than 9%.
After the opening, the stock index quickly covered the gap of short jump and rebounded with shock. Photovoltaic, electric power, coal, semiconductor, wind power, tourism and hotel sectors led the rebound Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) both rose by 2%, making a significant contribution to the index. 10: After 30, the decline of medical care, medicine and the concept of three children accelerated, and the gem index got rid of the Contemporary Amperex Technology Co.Limited(300750) restraint and hit a new low.
In the afternoon, the Shenzhen composite index fell below the 12000 point mark. In the morning, coal, photovoltaic and semiconductor sectors, which rose by 3% and 2.4%, turned green and fell one after another. Some banks and securities companies pulled up to protect the market, but the stock index continued to decline after a short rebound. The gem fell below 3200. There was only one time that the gold sector rose against the market.
At the end of the trading day, the bottom reading funds entered the market, the Shanghai index made a 100 point counterattack, and the trading volume of the two cities exceeded the trillion mark for five consecutive days. After the sharp decline, the market will gradually stabilize, and the sectors such as coal, photovoltaic, shipping and East West calculation will rise sharply. Northbound funds sold nearly 17 billion yuan on Monday and Tuesday, and more than 10 billion yuan on Wednesday.
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, A-Shares began to oversold and rebound, with value and growth rising one after another. The rebound at the end of February fell behind and continued to find the bottom. At present, the construction of bottom box of A-share 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.
