Peripheral stock markets soared across the board, and A-Shares also ushered in a major counterattack on Thursday (March 10). The three major stock indexes opened high across the board, with a panoramic view of the rebound pattern. There are many hot spots in the market, reproducing the trading limit of 100 shares. In a “rise”, will the rebound market take a one-day tour? Is the market reversed or reversed? Undoubtedly, it has become the focus of heated discussion among all parties.
On Thursday (March 10), the three major stock indexes in the A-share market collectively strengthened. As of the closing, the Shanghai Composite Index rose 1.22% to 329609 points, ending five consecutive days of decline; The Shenzhen Composite Index rose 2.18% to 1237095 points, and the gem index rose 2.67% to 263519 points; The total turnover of the two cities was 1078.7 billion yuan, and the net sale of funds from the North was 3.374 billion yuan.
On the disk, the sectors of medicine, chemical fiber and wine making rose strongly, while the sectors of aviation, building materials, chemical industry, real estate, construction, automobile, steel and finance all rose; Covid-19 drug and covid-19 detection concept broke out in the afternoon, and assisted reproduction, CXO concept, fluorine concept, lithium ore, photovoltaic, energy storage and lithium battery concept all strengthened.
In terms of individual stocks, on March 10, 3568 rising stocks, 971 falling stocks and 103 flat stocks were tradable A shares in Shanghai and Shenzhen. Excluding the new shares listed on the same day, a total of 101 stocks rose by the limit and 5 stocks fell by the limit. From the perspective of the industry, the trading limit stocks are mainly concentrated in pharmaceutical, biological, chemical, automobile, textile and clothing, architectural decoration and other industries.
Hot spot 1: collective Carnival of pharmaceutical stocks 6 Hainan Haide Capital Management Co.Ltd(000567) day 5 board
On Thursday, the pharmaceutical related sectors were collectively active, and the pharmaceutical business, cro concept, traditional Chinese medicine, biomedicine and other sectors were significantly stronger. As of the closing closing, there are multiple pharmaceutical stocks collectively trading at the closing. As of the closing, there are multiple pharmaceutical stocks, among which, the Aba Chemicals Corporation(300261) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Chongqing Pharscin Pharmaceutical Co.Ltd(002907) and other multi stock trading, and the recently active China Meheco Group Co.Ltd(600056) one word trading, recorded 5 boards in 7 days.
Soochow Securities Co.Ltd(601555) pointed out that mainstream pharmaceutical companies are better in combination with the first quarterly report. It is suggested to choose the target from two strategies: 1) focus on 2022q1 high growth and high outlook stocks in the whole year, that is, high growth stocks with strong performance flexibility. It is recommended to focus on Baicheng pharmaceutical, Acrobiosystems Co.Ltd(301080) , Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Wuxi Apptec Co.Ltd(603259) ; 2) Pay attention to undervalued stocks, and focus on Jiangxi Synergy Pharmaceutical Co.Ltd(300636) , Changchun High And New Technology Industries (Group) Inc(000661) , Chongqing Zhifei Biological Products Co.Ltd(300122) , and it is recommended to pay attention to haijiya medical and Shanghai Kindly Enterprises Development Group Co.Ltd(603987) .
Analysts believe that at present, the overall valuation of the pharmaceutical industry has significantly returned to its performance growth, and most high-quality companies have touched the safe valuation range The manufacturing advantages of China Meheco Group Co.Ltd(600056) enterprises are based on constant engineer bonus, mature chemical integration, stable supply capacity and rich project experience. The sustainability of long-term performance growth may exceed market expectations.
Hot spot 2: wine sector rose 3%
On Thursday, the wine and beverage sector rose by 3.09%, of which two stocks, including Anhui Golden Seed Winery Co.Ltd(600199) and Juneyao Grand Healthy Drinks Co.Ltd(605388) rose by the limit.
China Galaxy Securities Co.Ltd(601881) securities analysis believes that for Baijiu industry, short-term efforts to build long-term, structural upgrading trend will not change. Around the Spring Festival, the epidemic control and control were relatively relaxed compared with 2021, and the terminal consumption scenarios were restored. The liquor industry’s overall sales performance was stable and the channel refunds were good, but the regional differentiation characteristics (mainly caused by the epidemic in some areas) were repeated, and the performance of the Baijiu liquor was relatively better. From 2 to March, the Baijiu industry will enter the “shrinkage stage”. But the good performance of the Spring Festival has laid a good foundation for the first quarter. We think that Baijiu 22Q1 can start a good start.
Shenyang Wanguo Securities recently released research report that, on the basic, the Baijiu sale in 2022 is in line with the expectation, the high-end liquor has achieved steady growth, and the second high-end enterprises have benefited from the national and structural upgrading, and continue to grow rapidly. In the sub regional perspective, Anhui, Jiangsu and other non epidemic areas are selling more vigorously. In March, the overall feedback from the market was that the price was stable, the inventory was reasonable, the channels began to replenish gradually, and there was no significant change in the fundamentals of the industry.
In the face of the market rebound, institutions generally said that the value of A-share allocation will gradually appear, and the market is expected to usher in phased repair Sealand Securities Co.Ltd(000750) believes that there is an opportunity for oversold rebound after continuous market adjustment. In the process of oversold rebound, steady growth and prosperity growth are not the opposite, and there are opportunities for growth and value.
Galaxy Securities said that when the time comes to accumulate strength, the allocation value of A-Shares will gradually appear. Although the A-share market has fallen more than expected recently, the A-share market does not have the basis to fall sharply to the previous low. At the same time, the economy is expected to pick up in the second half of the year. With the recovery of profitability, there is still room for the market to rise after the overall risk of the market is digested.
At the same time, funds, private placement and other institutions also expressed optimistic views on the future market. Xia Fengguang, manager of Rongzhi investment fund under private placement paipai.com, believes that today’s recovery of major stock indexes has technical oversold factors, continuing the reverse upward trend after the sharp decline. More importantly, due to the progress of the Russian Ukrainian war negotiations, the speculation of bulk commodities decreased significantly, and the risk aversion in the stock market subsided significantly. This also means that the sharp decline driven by emotion in recent days has come to an end, and the market will gradually return to the fundamental pricing logic.
Yuan Huaming, general manager of Huahui Chuangfu investment, said that geographical conflict is still the main factor determining the short-term market trend. The uncertainty of geographical conflict and the impact of the market are still relatively large. Driven by the news, the short-term market will have an overall wide range of shocks and the situation of mutual rise and fall between sectors. It is a more appropriate investment strategy to see more and move less. If the geopolitical conflict becomes clear in the next week or so, China’s economic resilience and favorable policies of the two sessions are expected to help the A-share market complete the process of bottoming, and the A-share market is also expected to usher in the configuration window period.
Shen Shengcai, a researcher at ningshui capital, said that the recent stampede risk in the market is more due to the panic mentality of investors. Geopolitical turmoil, the rise of bulk commodities and the outflow of foreign capital have amplified the panic of Chinese investors. Many fund products with early warning lines can only choose to reduce their positions when the market falls sharply, which further increases the decline of the market. After this round of significant adjustment, all A-Shares have a high cost performance from the current valuation position, whether from the static valuation level or the risk premium level calculated by 10-year Treasury bonds. We should see the determination of the current policy level to stabilize growth. We can also see that the current toolbox for stabilizing growth is very large from the turning in of the central bank’s profits. Under the overweight of stable growth policy, A-Shares are expected to usher in the bottom of valuation, sentiment and profit. The market probability is improving and the prospect is becoming clearer. The risks caused by geopolitics will eventually pass, and everything will return to economic fundamentals.
Capital flow of shenwanyi industry on Thursday (March 10)
