panel overview
On Thursday morning, after A-Shares opened sharply higher, they fluctuated at a high level and rebounded strongly. In the morning, the trading volume of the two cities exceeded 700 billion yuan. On the disk, pharmaceutical commerce, chemical fiber, battery, traditional Chinese medicine, engineering consulting services, pesticides and veterinary drugs, medical devices, professional services, beauty care, wine making, environmental protection and other sectors rose by 3%; Gold pulled back slightly. In terms of theme stocks, dexamethasone, digital month end, super fungi, CRO, vaccine cold chain, photovoltaic buildings, sodium ion batteries, important concepts and virtual digital people rose by more than 3%.
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: on 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 face of the rising red market on the full screen, 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.
Investment advice: Jufeng investment adviser believes that the central bank has continuously reduced 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.
