Daily data tracking
Three major indexes: the Shanghai index fell 0.91%, the Shenzhen composite index fell 1.24% and the gem index fell 1.40%
Shenwan level plate: national defense and military industry, transportation and comprehensive plate rose; Correction of food and beverage, public utilities, agriculture, forestry, animal husbandry and fishery
Concept plate: the concept of connecting plate, space transportation and large aircraft rose; Baijiu, beverage manufacturing, brand leader concept callback
Transaction situation and northward funds: the transaction between the two cities was about 997.3 billion yuan, a decrease compared with the previous trading day; The net capital inflow from going north is about 661 million yuan
Hot pursuit: disk analysis and Baijiu plate comment
A shares continued to fall this week. Today, the three major indexes continued to fall after the opening. As of the closing, both the Shenzhen index and the gem index fell by more than 1%, and the Shanghai index fell below the integer mark of 3600 points. Plate, the military industry and transport sector strong trend, food and beverage sector by the Baijiu share decline led to A shares. Recently, as the new year’s Day holiday is approaching, the market funds tend to be cautious, the transaction volume is significantly lower than before, and the overall inflow trend of funds going north is slowing down. In the absence of incremental capital admission, the market presents a stock game pattern. On the other hand, as of today’s closing, the annual turnover of A-Shares has exceeded the bull market level in 2015, reaching a record high. We believe that it is mainly stimulated by the accelerated entry of residents’ wealth into the market and the growth of quantitative transactions. It is expected that the daily average turnover of trillion is expected to become the market norm in the future, and A-Shares will reach a new level. Looking forward to the future, the cross-year market will move forward in fluctuation, and the operation center will be gradually improved. From a long-term perspective, we judge that the opportunity in the second half of 2022 will be better than that in the first half of the year based on liquidity and the expected rhythm of policies. The transition from the cross-year market to the shock will be flat, and then rise again under the stimulation of steady growth, showing an “n” trend of slowing slope.
Baijiu plate, Baijiu Baijiu like a raging fire, the liquor companies have been holding the 2022 annual distribution conference, focusing on planning 2022 sales, but the liquor sector is not as big as the industry. This phenomenon is mainly due to the current market valuation of the plate differentiation between the plates have been more extreme, and tend to converge, superimposed liquidity depression, the original valuation of Baijiu plate price began to fall. This Baijiu plate market has gone through the market from the most deterministic sub sectors to the marginal market of valuation, but the short-term stock price decline does not represent the decline of the plate. Besides, Baijiu price increases to reflect the lag of the report. So we still optimistic about the Baijiu plate, which benefits from the upgrading of consumption and the relaxed credit environment, and overlay the expected growth of the plate performance brought by the Spring Festival peak season, expecting Davies to double attack after the plate valuation is repaired.
Risk tip: the stock market is risky and investment should be cautious