Today (December 31), A-Shares ushered in the closing battle of 2021, and the Shanghai index rose 0.57% to close at 3639.78 points; The Shenzhen Component Index rose 0.41% to close at 14857. Gem refers to the flat market closing at 3322.67 points. In terms of the trend of the whole year, the Shanghai index rose by 4.8%, the Shenzhen Component Index rose by 2.67%, and the gem index rose by 12.02%. The annual lines of the three major indexes closed positive for three consecutive years.
From the disk point of view, the holiday effect is gaining momentum in advance, resource stocks are on the stage, and white horse consumption is singing. In terms of industry, traditional Chinese medicine, wind power equipment, real estate services, agriculture, animal husbandry, feeding and fishing and other industries led the rise. In terms of subject stocks, lithium extraction from Salt Lake, chicken concept, vitamins, industrial marijuana and other industries led the rise.
In terms of funds, the central bank announced on December 31 that in order to maintain stable liquidity at the end of the year, the people’s Bank of China carried out RMB 100 billion reverse repurchase by means of interest rate bidding on December 31, 2021, and the bid winning interest rate was 2.20%. Today, 10 billion yuan of reverse repurchase expired, so a net investment of 90 billion yuan in a single day.
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Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
As the new year’s Day holiday is approaching, the stock market is arranged as follows: Hong Kong stocks will be closed from the afternoon of December 31, 2021 (this Friday) to January 2, 2022 (this Sunday). A-Shares will be closed from January 1 (this Saturday) to January 3 (next Monday) in 2022.
In terms of Hong Kong stock connect (southbound), Hong Kong stock connect service will not be provided from December 29, 2021 (this Wednesday) to January 3, 2022 (next Monday), and will be opened as usual from January 4, 2022 (next Tuesday).
In terms of Shanghai and Shenzhen Stock connect (north direction), Shanghai and Shenzhen Stock connect services will not be provided from January 1 (this Saturday) to January 3 (next Monday) in 2022, and will be opened as usual from January 4 (next Tuesday) in 2022.
message plane
1. According to the first financial report, the scheduled disclosure schedule of the annual report of Shenzhen Stock Exchange was released, Huasu Holdings Co.Ltd(000509) won the top and will take the lead in disclosure on January 18; Disclosed on January 21.
2. According to Xinhua news agency, the reporter learned from the State Administration of traditional Chinese medicine on the 31st that seven provinces including Shanghai, Zhejiang, Jiangxi, Shandong, Hunan, Guangdong and Sichuan were approved to build the first batch of national demonstration zones for comprehensive reform of traditional Chinese medicine. The national demonstration area for comprehensive reform of traditional Chinese medicine takes provinces (autonomous regions and municipalities directly under the central government) as the main construction body, and encourages the first trial in the service mode, industrial development and quality supervision of traditional Chinese medicine.
3. According to the securities times, the Ministry of Commerce and other 22 departments have issued the “14th five year plan” for China’s trade development. By 2025, the total retail sales of social consumer goods will reach about 50 trillion yuan; The added value of wholesale and retail, accommodation and catering reached about 15.7 trillion yuan; Online retail sales reached about 17 trillion yuan.
4. According to the National Bureau of statistics, in December, China’s Manufacturing Purchasing Manager Index (PMI) was 50.3%, up 0.2 percentage points from the previous month, higher than the critical point, and the manufacturing boom continued to pick up.
institutional view
For the current market, Central China Securities Co.Ltd(601375) indicates that the A-share index has maintained the characteristics of stable operation on the last trading day of 2021. We expect that after the new year’s Day holiday, the market is expected to continue to maintain the operating pattern of range shocks, and the rotation characteristics of leading hot spots will continue to be maintained. After the festival, the market may have a new situation of high-low switching. It is suggested to continue to pay attention to the changes in policy and capital.
Bohai Securities pointed out that in January, the return of overseas risk appetite and the easing of China’s liquidity pressure created good external conditions for the A-share market. The A-share market has also entered the vacuum stage of economic data and performance, superimposing valuation switching and other factors. We believe that the market has entered the game stage, and we are not pessimistic about the performance of the index in January.
At the style level, after the Spring Festival over the years, the market style will generally be dominated by small and medium-sized stocks; In the years with small and medium-sized stocks as the main line before the Spring Festival, the style of small and medium-sized stocks will continue after the Spring Festival. Considering that the current market style is dominated by small and medium-sized stocks, and from the performance side, the performance of small and medium-sized stocks represented by China Securities 500 in the third quarter is superior to that of Shanghai and Shenzhen 300. At the same time, on the valuation side, the current valuation level of China Securities 500 is below the average level since 2015, the valuation is not expensive and the performance is acceptable, so the market of small and medium-sized stocks is expected to continue.
In terms of industry allocation, the agency further analyzed that, in addition to continuing the recommendations on the two main lines of trend continuation and dilemma reversal in the annual report, based on the retrospect of the performance of various industries in the past cross-year market, we suggest to focus on the industries with the lowest marginal improvement and observe the possibility of taking off in the first quarter of 2022 after “squatting” in the fourth quarter of 2021. Specifically, we can focus on steel, real estate industry chain including building materials and architectural decoration, big finance including banks and securities companies, and consumer sectors including household appliances, medicine and biology, food and beverage and leisure services.
In terms of operational strategy, looking forward to 2022, China Merchants Securities Co.Ltd(600999) said that the “post recession” defense and growth style deserve more attention. It is suggested that in 2022, we should focus on big consumption (innovative drugs, Baijiu, pork, consumer services, etc.), technology (electronics, computers, communications, media, semiconductor, etc.), such as military industry, new energy (energy storage, green electricity, photovoltaic, wind energy, etc.).
