The last trading day of 2021 finally ended, and many changes and highlights appeared in A-Shares this year: the Shanghai index closed the annual line “three consecutive Yang” after a lapse of 28 years, A-share investors made 50000 yuan per capita during the year, and the “strongest Bull Stock” in Shanghai and Shenzhen market rose more than 5 times
Looking forward to 2022, many institutions and analysts are full of hope and have given their views.
A-Shares successfully closed in 2021
As of the closing on December 31, stock index rose 0.57% to 3639.78 points, with a turnover of 433.5 billion yuan; The Shenzhen Composite Index rose 0.41% to 14857.35 points, with a turnover of 626.7 billion yuan; The gem index closed flat at 3322.67, with a turnover of 239.3 billion yuan.
according to wind information
On the disk, traditional Chinese medicine, lithium extraction from salt lakes, aquaculture, pharmaceutical e-commerce and other sectors led the increase, while China shipping, insurance, coal, logistics, tobacco and other sectors led the decline. The actual net purchase of northbound funds was 4.574 billion yuan, with a cumulative net purchase of nearly 89 billion yuan in December, and the monthly net purchase reached a record high.
Since then, the last trading day of the A-share market in 2021 has ended successfully, and many investors have also received the expected “pre holiday red envelope”.
Looking back on the whole year of 2021, the Shanghai Composite Index rose by 4.80% , the Shenzhen Component Index rose by 2.67% , and the gem index rose by 12.02% . All three indexes gained the annual line of “three consecutive positive”.
Among them, the “three consecutive Yang” of the Shanghai index broke the curse of “cattle only three years” for decades. Before that, there was a similar Lianyang only from 1990 to 1993. In addition, the so-called “smart capital” northbound capital increased its position in A-Shares by more than 430 billion yuan in 2021, setting a new historical record.
It is worth noting that at the end of 2021, the total market value of A-Shares reached 91 trillion yuan, an increase of more than 11 trillion yuan compared with the end of 2020. After deducting the market value increment brought by new share issuance, fixed growth and other activities, A-share investors made a total profit of about 9 trillion yuan in 2021, on average, by the end of November, there were 190 million A-share investors. In this year, the per capita profit of A-share investors was nearly 50000 yuan…
Not to mention various bull stocks in the Beijing stock exchange, in 2021, the company with the largest annual increase in A-Shares is Hubei Yihua Chemical Industry Co.Ltd(000422) (000422) , with a cumulative increase of nearly 566%, followed by Lecron Industrial Development Group Co.Ltd(300343) (300343) and Ningbo Deye Technology Co.Ltd(605117) (605117) , with an increase of 489% and 484% respectively. Among them, the “big demon stock” Andon Health Co.Ltd(002432) (002432) which has attracted much attention recently, opened high and walked low on the last trading day in 2021, ate the limit, and finally fell from second to fifth in one day.
2021 top ten bull stocks according to wind information
However, if the companies of the Beijing stock exchange are included, the champion may be handed over to Jilin Carbon Valley (836077), which has increased by 762% in the past year; Meanwhile, the annual increase of Yoshioka precision (836720) also reached 512%, second only to the “champion” Hubei Yihua Chemical Industry Co.Ltd(000422) in Shanghai and Shenzhen.
institutional outlook 2022
looking back on 2021, our A-share market has experienced many changes.
Haitong Securities Company Limited(600837) pointed out that recently, the market style has changed very rapidly . Since the beginning of the year, the cashing pressure of the high rising sectors has increased, and the proportion of superimposed quantitative transactions has increased. The duration of the market one-way trend is very short. If you can’t grasp the rhythm, it is easy to be subject to both sides. Today is the last trading day of 2021. The rhythm of this round of cross year offensive is more moderate, and the index will evolve from the cross year market to the “spring agitation” at the beginning of each year. With the gradual implementation of specific policies for steady growth in the first quarter of 2022, the restless market in spring will still be further deduced.
Tianfeng Securities Co.Ltd(601162) also believes that the “boom” of is the “anchor” for the differentiation of A-share market structure in 2021. the pursuit of medium and short-term profit growth by funds is the leading factor determining the style of the A-share market. The dominant small cap style in 2021 is the resonance between the low base factor and the upward industrial cycle. Most of the low base effect of small cap stocks will disappear. “More scarce high boom meets more abundant liquidity” will be the main investment logic next year. On this premise, there is an opportunity of “dilemma reversal” in the mandatory food and breeding industry; 5g communication may be close to the industrial inflection point, and there may be nonlinear growth opportunities in the fields of Internet of things and meta universe.
Caixin securities also said that from the historical law, from December to January of the next year, the market usually has a cross year market, and the index performs better. It is expected that this year’s market index will gradually walk out of the cross year market driven by capital and sentiment.
for 2022, the views of many institutions are also full of hope.
China Securities Co.Ltd(601066) believes that the market style in 2022 will be a pattern of blue chip growth. Overall, the market performance in 2022 will be similar to that in 2021, showing a wide range of shocks, and the industries with better prosperity will perform well. From the perspective of market style, blue chips and growth stocks have excellent performance in 2022.
YueKai Securities said that under the economic background of shrinking demand and weakening expectation, boosting consumption in 2022 is expected to become an important starting point, and it is expected to obtain more industrial policy support in terms of consumption upgrading and market sinking. According to the historical situation, the profitability of the consumer sector has a high probability of significant improvement in 22 years, and the performance elasticity is high under the low base effect. At the same time, the valuation side has also ushered in significant repair under the boost of policies and prosperity. The consumer sector has ushered in a double-click market driven by valuation performance. The mandatory consumption has performed before the optional consumption, and the optional consumption is more flexible. For the growth track, the volatility of the short-term sector is expected to increase under the influence of multiple factors, in the long run, the development of the industry is mainly supported by the top-level planning, the realization process of carbon neutralization has a long way to go, the long-term development logic of the industry remains unchanged, the new infrastructure, as an important starting point for steady growth next year, and the boom sustainability is expected to be maintained.
Orient Securities Company Limited(600958) believes that for the general trend of the A-share market in 2022, on the one hand, maintains the judgment tone of structural opportunities. on the other hand, pay attention to grasp the market rhythm : there are phased opportunities for growth and value in the first half of next year, but growth stocks are relatively dominant under the catalysis of the recovery of liquidity and policies in science and technology, double carbon and consumption; In the second half of the year, factors such as the Fed’s expectation of raising interest rates and the gradual rise of China’s inflation level are relatively friendly to value stocks.
Specifically, Western Securities Co.Ltd(002673) pointed out that from the perspective of China’s environment, with the gradual implementation of monetary policy since December, investors’ attention has gradually shifted to the intensity and rhythm of fiscal power, which also means that the market structure will further switch from growth to value. Looking forward to the future, the “winter agitation” has been gradually realized, and the market is entering a “cooling off period” after agitation. Although there is no systemic risk, the driving force for further upward movement is weakening. Industry allocation and gold stocks: under the background of the gradual warming of the current stable growth expectation, there are still opportunities for new and old infrastructure represented by power grid transformation, 5g and building materials. From an annual perspective, it is recommended that investors continue to pay attention to essential consumer goods with strong price transmission capacity represented by aquaculture, planting, food processing industry, textile and garment, traditional Chinese medicine and rubber products, which is also the most deterministic investment main line in 2022.
(Financial Investment Report)
