Looking back on Wednesday’s A-share market, it is thought-provoking for A-share to go out of the deep V-shaped pattern. 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 stated by Guosheng securities, market can actively track the opportunity of low absorption of individual stocks in sectors with high capital attention . On the whole, under the general stable tone of market liquidity, we can actively pay attention to the hot digital economy and epidemic prevention related stock opportunities in the current market.
From the technical point of view, Dongguan securities mentioned that the stock index lost 3200 points in the session on Wednesday, resulting in panic selling, but the V-shaped rebound soon recovered most of the decline, indicating that the support below 3200 point has increased, and the technical level of the market is in a short-term oversold trend. With the gradual release of selling pressure, the market may usher in technical repair opportunities , In the medium term, wait for the market to gradually stabilize and pay attention to the change of volume and energy. In terms of operation, it is recommended to focus on the layout of the middle line, and pay attention to the industries such as finance, building materials, steel, electrical equipment, TMT, etc.
In terms of the future market, China Industrial Securities Co.Ltd(601377) said that short-term impact on A-Shares and Hong Kong stocks may end in early March, or the bottom may have been reached on March 9, at least the end of the next few months . First of all, the impact of international political games on the stock market is expected to take a breath and have a rest . Secondly, based on the analysis of stock market data, investors have appeared relatively rare panic behavior in the short term. Third, from historical experience, market sentiment has been concentrated in the short term. Short term outlook, with the release of short-term panic, A-Shares and Hong Kong stocks are expected to confirm the short-term bottom, and there is expected to be a window period of deep rebound .
Shanxi Securities Co.Ltd(002500) believes that under the continuous sharp decline, the valuation of some sectors has entered a reasonable range, which provides an opportunity for us to allocate the main line of high prosperity. However, under multiple uncertainties, we predict that the market may still be dominated by the structural market in shock in the short term. At present, we suggest to pay attention to the commodity sectors that are expected to benefit from the inflation trend, However, it is also necessary to consider whether the specific target has fully fulfilled the price increase expectation. In addition, it is suggested to focus on the target with defensive and valuation repair potential in the market value and market growth, and wait for the return of the economy .
Guotai Junan Securities Co.Ltd(601211) securities also pointed out that it is not advisable to “kill more” when mood is depressed. It is suggested to lie down on the spot and wait for a rebound . In the short term, considering the strong support of the current market policy, the low valuation level of the whole market and the strong support of the 250 week moving average, it is expected that after days of venting, investors’ panic will converge, and the market is expected to enter the range shock pattern in the short term. It is suggested to lie down on the spot and wait for a rebound. On the middle line, considering the recent panic in the market, index fell “beyond expectations”, and the trend was significantly weaker than the previous benchmark inference. It is expected that the market will show a range shock trend in the next 2-3 months, and the middle line allocation opportunity may appear .
Macroscopically, Anxin Securities believes that PPI rose month on month in February, and the rise in commodity prices represented by oil is the main driving force to push up PPI month on month, while the prices of middle and downstream products are still weak. CPI in February was basically seasonality month on month, and the effects of rising oil prices and falling pig prices offset each other. Globalization is gradually moving towards fragmentation. It is expected that the center of commodity prices will remain high or even rise further this year. inflation will become an important theme affecting the monetary policies of major central banks and capital markets around the world .
In terms of operation strategy, Sealand Securities Co.Ltd(000750) mentioned that market has the opportunity of oversold rebound after continuous adjustment, and the continuous rebound needs the substantial easing of upstream price concerns . The process of oversold rebound is not the opposite of steady growth and boom growth. There are opportunities for growth and value. The growth sector focuses on high boom segments with strong industrial cycle catalysis, such as photovoltaic, chip, green power and other sectors. The value sector focuses on the Baijiu liquor company with better performance and the policy margin is expected to relax the expected real estate.
Huabao Securities said it was 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 first promote the infrastructure industry chain with high certainty , among which the old infrastructure 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 risk aversion subsided and the overseas interest rate hike was implemented, can choose the opportunity to configure growth sectors with strong performance growth and certainty and reasonably low valuation, such as photovoltaic, semiconductor and other fields .
In addition, Western Securities Co.Ltd(002673) pointed out that with the annual report and the first quarterly report window approaching, there is still a meal market in the A-share market in the first half of the year . In terms of industry configuration, with the advent of the verification period of the first quarterly report, the boom track leaders such as new energy, semiconductors, medicine and military industry are expected to usher in phased repair, and the essential consumption sectors such as agriculture, food and textile and clothing benefiting from inflation expectations are also expected to usher in performance repair. In the medium term, social service, retail, catering, shipping and other offline economic recovery related industries are also ushering in the layout window period.
