panel overview
On Thursday, A-Shares fluctuated at a high level after opening sharply higher, rebounded strongly, narrowed their gains in the afternoon, and the trading volume of the two cities exceeded trillion for six consecutive days. On the disk, pharmaceutical commerce, medical devices, traditional Chinese medicine, batteries, chemical fiber, chemical pharmacy, photovoltaic, wind power, energy metals, wine making, pesticides and veterinary drugs, public utilities and other sectors rose by 3%; Gold, mining and other industries made a slight correction. In terms of subject stocks, covid-19 detection, covid-19 drugs, in vitro diagnosis, dexamethasone, gene sequencing, super fungi, precision medicine, assisted reproduction, CRO, vaccine cold chain, photovoltaic buildings, sodium ion batteries, etc. rose by more than 4%.
message surface
Germany will still shut down the existing nuclear power plants as planned within this year
The German Ministry of environment and the Ministry of economy said on Tuesday that extending the service life of nuclear power plants will only have a very limited impact. After considering the short and medium-term situation, the government believes that the cost and risk of extending nuclear power plants exceed the limited benefits. The only remaining nuclear power plants in Germany will also be closed this year and “completely give up” nuclear power during the year.
some oil producing countries said that crude oil futures for increasing production fell by 12%
International oil prices fell sharply. WTI crude oil futures once fell by more than 15% and Brent crude oil futures once fell by more than 16%. As of the closing, WTI April crude oil futures fell 12.12% to US $108.70/barrel. Brent crude oil futures fell 13.16%, the largest one-day decline since April 2020, to $111.14/barrel. The crude oil futures of the previous period closed at the limit, down 13% to 700.3 yuan / barrel. Earlier, the Iraqi minister said that if OPEC + asked, Iraq could increase production, and the UAE also urged OPEC + to increase production faster.
actively repurchased and increased holdings of listed companies, releasing positive signals
According to incomplete statistics by the reporter of China Securities Journal, after the closing on March 9, more than 10 listed companies such as Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , Tongwei Co.Ltd(600438) and others intensively released the first monthly business data announcement in history, and another 20 companies such as Healthcare Co.Ltd(603313) , Hengli Petrochemical Co.Ltd(600346) issued repurchase and shareholding increase announcements.
Jufeng viewpoint
pre market judgment: Wednesday, A-share deep V bottomed, European and American stock markets rose in retaliation, led by new energy vehicles and semiconductors; A shares are expected to open significantly higher. However, at present, the market is more emotional. It is recommended that investors control their positions and pay attention to risks for stocks with medium and high callback of two financial targets reaching 30%.
In fact, the three major A-share indexes opened higher collectively. The Shanghai index opened 1.71% higher and stood above 3300 points. The Shenzhen Composite Index rose 2.60% and the gem index rose 3.06%; Gold, crude oil, nonferrous metals and coal opened sharply lower.
After the opening, the stock index finished high sideways. Oil, coal and other sectors opened sharply lower and rebounded in shock. Pharmaceutical, medical, traditional Chinese medicine, battery, photovoltaic, education, aerospace and other sectors led the rise, and the weights of the gem Contemporary Amperex Technology Co.Limited(300750) , Sungrow Power Supply Co.Ltd(300274) , Eve Energy Co.Ltd(300014) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , etc. increased by more than 5%, making a great contribution to the index.
In the morning, the trading volume of the two cities exceeded 700 billion yuan; In the afternoon, the increase of stock index narrowed, and agriculture, semiconductors, insurance and securities companies fell significantly; Covid-19 detection, covid-19 drugs, assisted reproduction, cro and other sectors increased. It is worth noting that when the stock index fell in the afternoon, the trading volume continued to expand, and the northward capital turned again. The net inflow in the morning exceeded 1 billion and the net outflow in the afternoon exceeded 4.5 billion.
In the afternoon review, we reminded: in the face of the rise of full screen red market, we need to be cautious instead. Reexamine the track stocks in hand and callback 30% of the individual stocks at a high level. If there is massive stagflation, we should pay attention to reducing our positions in time. In the afternoon, this concern is becoming a reality. Wide range shock is a good opportunity to sell high and absorb low, rather than chasing up and down.
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 A-share bottom box is a good opportunity to sell high and absorb low. Especially when there is intermediate adjustment in the market, but there is no liquidity risk, it is suitable to reduce positions; 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.
