Several European stock indexes rose to record highs in recent two years, and the rebound of peripheral stock markets started. How will A-Shares deal with it?
European and American stock markets rebounded across the board
After a continuous decline, European and American stock markets started a counter attack signal. Yesterday, the main stock indexes of European and American stock markets rebounded across the board. The three major stock indexes of US stocks all recovered the decline of the previous day, and the Dow rose 2% and rebounded more than 600 points; The NASDAQ once rebounded nearly 4% and closed up 3.59%; The S & P 500 rose 2.57%.
Several European stock indexes rose to record highs in the past two years. After the opening of trading, the DAX index in Germany soared by 7.92%, the CAC40 index in France rose by 7.13%, and the AEX index in the Netherlands, FTSE 100 in the UK and bfx in Belgium all rose by more than 3%.
Contrary to the performance of the stock market, the global commodity market is dominated by correction. Crude oil prices fell rapidly, and ice oil distribution, NYMEX crude oil and WTI crude oil all fell by more than 10%. Among other varieties of energy and chemical industry, ice diesel and NYMEX heating oil once fell by more than 20%, while power coal, fuel oil and gasoline all fell by more than 5%. The gold market generally fell. London gold and Comex gold both fell more than 3% at one time, and Shanghai gold fell 2.87% at night. Non ferrous metals such as tin, zinc, aluminum and iron ore also saw considerable declines.
data treasure statistics show that when U.S. stocks rise strongly, A-Shares tend to perform better in the next trading day taking the NASDAQ index and Shanghai stock index as an example, since 2010, the NASDAQ index has increased by more than 3% 38 times. The probability of the Shanghai index rising on the next trading day is 58.33%, and the probability of the Shanghai index rising by more than 2% is 13.89%, which is stronger than the normal performance of the Shanghai index.
Dongguan Securities believes that the short-term market volatility is increasing and the trend is relatively repeated, but it does not constitute a systematic risk at present. In particular, from the perspective of China’s economic fundamentals, capital, exchange rate and other factors, there is no obvious sign of deterioration. The market correction belongs to the release of emotion under the impact of short-term multi factors. With the clear policy expectations of the two sessions and under the background of stable growth, The market still has opportunities for gradual stabilization and improvement, and the medium and long-term layout is expected to be gradually opened.
pork prices rebounded slightly after the announcement of purchase and storage
According to the monitoring of the Ministry of agriculture and rural areas, the average price of pork in the national Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale market rose slightly yesterday, to 18.56 yuan / kg as of 14:00 on March 9, up 1.3% from the previous day.
On the news side, huachu.com announced matters related to the bidding transaction of the second batch of central reserve frozen pork in 2022. The bidding transaction of 38000 tons of frozen pork will be conducted from 13:00 to 16:00 this afternoon.
pork price has been deeply corrected for a while, which promotes the industry to implement capacity deregulation and eliminate backward production capacity according to the data of the State Council, the number of fertile sows has decreased month by month since June last year, and the downward trend has not changed during the slight rebound from October to November last year. According to the latest data of the Ministry of agriculture and rural areas on February 17, as of the end of January 2022, the number of fertile sows in China was 42.9 million, a month on month decrease of 0.9% and a year-on-year decrease of 3.7%, equivalent to 104.6% of the normal population. A total of 2.74 million sows were reduced for seven consecutive months.
In view of the trend of pig production and price, the Ministry of agriculture and rural areas recently held a symposium on pig enterprises in Jiaozuo City, Henan Province. The meeting held that after the Spring Festival, pork has entered the off-season of consumption. Although the stock of fertile sows has been callback to the green and reasonable area, the pig market is still growing inertia, and the pig price is in the downward channel. In addition, the price of bulk feed raw materials continues to rise, pig grain price has entered the level-1 early warning range of excessive decline, and the downward pressure on the price in the next two months is still large
low price to book ratio pig industry stocks list released
Huaxi Securities Co.Ltd(002926) believes that the current pig market corresponds to the high stock of fertile sows in the middle of 2021. In terms of demand, pork will enter the off-season after the year, the phased supply of pigs will remain sufficient, and the pig price will be under pressure. The average market value of some high-quality pig breeding stocks has fallen to a historically low level, and the configuration window has been gradually opened.
Several pig industry stocks have entered a low valuation range. According to the statistics of securities times and data treasure, there are 25 pig industry stocks in a shares, and the latest average price to book ratio is 2.78 times, lower than 4.07 times of all A-Shares Jiangxi Zhengbang Technology Co.Ltd(002157) became a net breaking stock yesterday, with the latest price to book ratio of 0.97 times, Wellhope Foods Co.Ltd(603609) , Shanghai Maling Aquarius Co.Ltd(600073) , Guangdong Guanghong Holdings Co.Ltd(000529) lower price to book ratio.
Since the beginning of the year, a number of pig industry stocks have risen against the market trend, and five stocks including Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Tangrenshen Group Co.Ltd(002567) , etc. have increased by more than 20% Fujian Aonong Biological Technology Group Incorporation Limited(603363) recently said in the investor research activity that according to the plan set by the company at the end of 2021, the goal is to sell 6 million units in 2022, 8 million units in 2023 and 10 million units in 2024.
