After the opening of trading on Wednesday (March 9), A-Shares rose and fell and continued to find the bottom. The Shanghai index and gem index once fell more than 4%, the Shanghai index once fell below 3200 points, and the Shenzhen composite index fell below 12000 points, both for the first time since July 2020. The Shenzhen composite index fell more than 5%.
A-share related topics once again ranked in the top 10 of the hot search list.
Near 14 p.m., A-Shares rebounded quickly to recover their lost ground. As of the close, both the Shanghai Composite Index and the gem index had risen more than 100 points from their intraday lows.
The decline of Shanghai Composite Index and Shenzhen Composite Index narrowed to about 1%, and the decline of gem narrowed to less than 1%.
nearly 4000 stocks fell in years
As of the close, the Shanghai index fell 1.13%, the Shenzhen composite index fell 1.12% and the gem index fell 0.63%. If calculated from the beginning of the year, both the Shanghai index and the Shenzhen composite index have fallen by more than 10%, and the gem index has fallen by more than 20%.
Individual stocks still fell more and rose less. As of press time, 3598 individual stocks in the two cities fell and 1080 rose.
Since the beginning of the year, only about 870 stocks have risen and nearly 4000 stocks have fallen. Among them, three fell by more than half; More than 30% have 368; More than 1200 fell by more than 20%.
It is worth noting that the trend of foreign investment deviated from the index this afternoon. The index did not sell when it fell rapidly, but it resolutely accelerated its departure when the index recovered rapidly. According to the data, the net sales of northbound funds throughout the day were 10.934 billion yuan, and the cumulative net sales of nearly 28 billion yuan in the past three consecutive days.
In terms of sectors, nickel mining, medicine, medical treatment, real estate, chemical industry, education and securities companies led the decline; Coal, electricity and semiconductors bucked the trend and strengthened.
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Infrastructure stocks rose sharply, Xinjiang Communications Construction Group Co.Ltd(002941) , Longjian Road&Bridge Co.Ltd(600853) , Zhenhai Petrochemical Engineering Co.Ltd(603637) , Norinco International Cooperation Ltd(000065) limit.
The concept of green power rebounded, Yunnan Energy Investment Co.Ltd(002053) , Shenyang Jinshan Energy Co.Ltd(600396) , Ningbo Shimao Energy Co.Ltd(605028) , Shenzhen Ruihe Construction Decoration Co.Ltd(002620) , Zhonglu.Co.Ltd(600818) , Clenergy(Xiamen)Technology Co.Ltd(603628) .
Nickel concept stocks fell sharply, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) close to the 20% limit, Chengtun Mining Group Co.Ltd(600711) , Zhejiang Huayou Cobalt Co.Ltd(603799) limit, which is the limit of one hundred billion giant Zhejiang Huayou Cobalt Co.Ltd(603799) for the second consecutive day. The market value of Zhejiang Huayou Cobalt Co.Ltd(603799) 26.1 billion yuan evaporated for two consecutive limit declines.
On the news side, a number of media reported that Qingshan holdings, a top 500 private enterprise in China, was shorting nickel futures and was forced by international bulls. On the evening of March 8, Xiang Guangda, the actual controller of Qingshan holdings, told the media: “foreigners do have some actions and are actively coordinating. Today, I received a lot of calls, and relevant state departments and leaders support Qingshan.” Xiang Guangda said that Qingshan is an excellent Chinese enterprise with no problems in position and operation.
At present, Castle Peak Holdings has joined hands with Zhejiang Huayou Cobalt Co.Ltd(603799) and Gem Co.Ltd(002340) to develop laterite nickel ore in Indonesia to build a new energy battery nickel resource raw material manufacturing system; And cooperate with XCMG group to enter the new energy vehicle industry; The company also signed high nickel matte supply agreements with Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) and agreed to supply 60000 tons of high nickel matte to Zhejiang Huayou Cobalt Co.Ltd(603799) and 40000 tons of high nickel matte to Cngr Advanced Material Co.Ltd(300919) within one year from October 2021.
In terms of individual stocks, the nursery service concept stock Time Publishing And Media Co.Ltd(600551) Sanlian board. The company said that the child care products account for a very small proportion in the company’s business; Losartan potassium API obtained the European CEP certificate, Ningbo Menovo Pharmaceutical Co.Ltd(603538) rising the limit for two consecutive days; From January to February, the company realized an operating net profit of about 760 million yuan, Yonghui Superstores Co.Ltd(601933) up by the limit.
Shanxi Securities Co.Ltd(002500) said that the sentiment of the A-share market deteriorated significantly this week, and the volatility of the external market intensified, which weakened the role of the “safe haven” of the Chinese market. Under the background of weak sentiment, the A-share market may be more vulnerable to the impact of the external market in the short term, and once again stressed to maintain relative caution in allocation. At the same time, there are some structural opportunities in the shock. We suggest that in the adjustment of market shocks, we should grasp the two main lines of the guidance of meso industrial policy and the restoration of the prosperity of the oversold sector, stick to the high-quality target and wait for the opportunity to counterattack.
several listed companies issued share repurchase plans
On March 8, a number of listed companies issued share repurchase plans, which aroused widespread concern in the market.
On the evening of March 8, the leading household appliance enterprise Haier Smart Home Co.Ltd(600690) announced that Renhai Chuangzhi, the concerted action of Haier Group, the actual controller of the company, increased its holdings of 6.4 million A-Shares of the company on March 8, with an increase of 145 million yuan. Based on the confidence in the long-term development of China’s capital market and the business prospects of the company, haichuangzhi plans to increase its holdings by no less than 200 million yuan and no more than 350 million yuan (including the shares increased this time) in the next six months.
On March 8, Qi An Xin Technology Group Inc(688561) announced that the board of directors of the company reviewed and approved the proposal on repurchase of shares of the company through centralized bidding transaction. The announcement shows that within six months from the date when the company’s board of directors deliberated and approved the repurchase plan, the repurchase will be completed with existing funds ranging from 150 million yuan to 300 million yuan.
Zte Corporation(000063) 3 announced on March 8 that the 45th meeting of the eighth board of directors held on March 8, 2022 passed the proposal on submitting to the general meeting of shareholders to consider the company’s authorization plan for repurchase of A-Shares in 2002. The way to buy back shares is to buy back shares through centralized bidding trading through the stock trading system of Shenzhen Stock Exchange. The number of shares to be repurchased will be authorized by the extraordinary general meeting of shareholders. The board of directors will decide in accordance with relevant laws and regulations within the authorized amount of 2% of the issued A-share capital of the company on the date of deliberation and adoption of this proposal by the extraordinary general meeting of shareholders.
Beijing Strong Biotechnologies Inc(300406) 3 announced on March 8 that the total amount of funds used for the repurchase is no less than 50 million yuan and no more than 100 million yuan, the repurchase price is no more than 20 yuan / share, and the shares repurchased this time are used for equity incentive or employee stock ownership plan.
Xinfengming Group Co.Ltd(603225) 3 on March 8, the company announced that it planned to buy back the company’s shares through centralized bidding trading through the trading system of Shanghai Stock Exchange. All the shares repurchased this time are intended to be used to implement the company’s employee stock ownership plan; The total repurchase funds shall be no less than 150 million yuan and no more than 300 million yuan.
In addition, some listed companies have made it clear that they will repurchase in the next three trading days.
For example, according to 360 Security Technology Inc(601360) announcement, the company plans to repurchase the company’s shares by means of centralized bidding within the next three trading days (March 9, 2022 to March 11, 2022), with a total repurchase amount of no less than 90 million yuan and no more than 120 million yuan. The subsequent company will continue to implement repurchase according to the repurchase plan.
Zhejiang Chint Electrics Co.Ltd(601877) also announced that the company plans to buy back the company’s shares in the form of centralized bidding within the next three trading days (March 9, 2022 to March 11, 2022), with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan.
In addition, some companies have announced plans to increase their holdings of senior executives. For example, Zhejiang Dingli Machinery Co.Ltd(603338) announced on March 8 that the company had received a notice from Ms. Liang Jin, the Secretary of the board of directors, that it planned to increase its holdings of the company’s shares by no less than 8 million yuan and no more than 10 million yuan. Liang Jin did not set a price range for this increase, and based on the reasonable judgment of the company’s stock value, he will choose the opportunity to implement the increase plan according to the fluctuation of the company’s stock price and the overall trend of the capital market; The increase time is within 6 months from the date of disclosure of the increase plan.
