On March 11, the three major A-share indexes weakened in the morning and collectively fell by more than 2%, gradually turning red in the afternoon. As of the closing, the Shanghai index rose 0.41%, the Shenzhen Component Index rose 0.62% and the gem index rose 1.15%; Stocks in Shanghai and Shenzhen rose more and fell less. The total turnover of the two markets was 1050.2 billion yuan, breaking 1 trillion yuan for the seventh consecutive trading day; This week, the three major indexes showed a significant correction. Among them, the Shanghai index fell by 4%, the Shenzhen Component Index fell by 4.4% and the gem index fell by 3.03%.
Helicobacter pylori and co19 - Shenzhen Agricultural Products Group Co.Ltd(000061) medical instruments are active in the agricultural sector; Oil and gas exploitation and service sectors led the decline, with precious metals, nursery services, hjt batteries, green power and other sectors leading the decline.
Northward capital continued to flow out, with a net sales of 5.042 billion yuan throughout the day, including 3.142 billion yuan for Shanghai Stock connect and 1.9 billion yuan for Shenzhen Stock connect.
For the performance of today's A-share market, analysts believe that although A-Shares retreated in the morning, they continued to rise in the afternoon and collectively turned up, highlighting the resilience of a shares. With the recovery of investor confidence, the market will gradually return to the fundamental pricing logic.
Today's market performance fully shows the resilience of A-Shares and the recovery of market confidence. Huang Jiefeng, manager of WALLONG Chuangxin investment fund, believes that today's index bottomed out and rebounded, financial heavyweights made efforts, and many themes blossomed, highlighting the strong toughness of A-Shares and the gradual recovery of market confidence after the previous wave of continuous sharp adjustments, the valuation of many core high-quality targets of A-Shares has been attractive enough, in addition, many listed companies released their monthly operating statements in advance, with bright financial eyes and obvious intention to take care of the market. Despite the subsequent or repeated geopolitical conflicts, China's economy continues to improve, investors do not need to panic excessively, the index continues to fall with limited space, and is expected to rebound after the bottom shock at present, the window period of intensive publication of the first quarterly report is approaching. Investors can layout the core targets of the boom track with previous wrong killing, reasonable valuation and in place adjustment in batches on bargain hunting
Reviewing the market trend of this week, Xia Fengguang, manager of Rongzhi investment fund under private placement paipai.com, believes that there have been two bottoming and recovery trends in the market on Wednesday and Friday. Among the two waves of rise, the stock trend of gem and small and medium-sized market capitalization is significantly ahead of other indexes, and the transaction on GEM is also relatively active, This year, the trend of Shanghai Stock Exchange 50, which is more resistant to decline, is weak in the rebound, which is a good signal. The index leading the decline stabilizes first, which is conducive to the restoration of investor confidence. It is also a signal that the end of the market is coming. This also means that the sharp decline driven by emotion in recent days has come to an end, and the market will gradually return to the fundamental pricing logic.
For the future, the organic structure also holds a cautious view. Wang Lei, director of Jurong asset investment department, said that at present, the valuation of A-Shares is in a relatively cheap position , the valuation of Shanghai stock index is equivalent to the level in October 2018, and the investment cost performance is outstanding , investors should not be overly pessimistic . However, considering that there are too many disturbance factors at present, A-Shares are expected to fluctuate widely.
In terms of configuration, Shanxi Securities Co.Ltd(002500) said that the market may still focus on the structural repair market in shock. It is suggested to focus on the undervalued high-quality targets that are expected to benefit from policy trends such as "steady growth", digital economy and carbon neutralization.
In terms of industry sector, 20 Shenwan level industries rose. Specifically, agriculture, forestry, animal husbandry and fishery, medicine and biology and non bank finance rose by 3.18%, 2.99% and 1.49% respectively; Architectural decoration, public utilities and beauty care led the decline.
hot spot I: covid-19 detection sector ushered in the limit tide
Covid-19 detection sector continued to rise in the afternoon, with the overall sector up 6.89%, and 14 stocks including Shanghai Labway Clinical Laboratory Co.Ltd(301060) , Cofoe Medical Technology Co.Ltd(301087) , Guangzhou Wondfo Biotech Co.Ltd(300482) etc. collectively rose by the limit.
In terms of news, recently, Wuxi Market Supervision Bureau held a symposium on the development of family independent nucleic acid / antigen detection products to fully solve the difficulties and problems encountered by enterprises in product registration and declaration, and promote the rapid listing of family independent nucleic acid / antigen detection products in Wuxi.
Zhongtai Securities Co.Ltd(600918) said that covid-19 antigen home self inspection is applicable to a wide range of general screening self inspection and is an effective supplement to nucleic acid detection. At present, covid-19 antigen self-test kits of hundreds of in vitro diagnostic manufacturers in China have been registered and approved overseas, and the market competition in Europe, Malaysia and other regions is becoming increasingly fierce. If the registration approval of covid-19 antigen self-test products in China is released, the head brands with complete and abundant clinical data and relatively large overseas sales may gain advantages.
In terms of early-stage investment, it is suggested that the correction range of - 500 - 100 is greater than that of 500 in the afternoon. It is suggested that - 500 - 500 in the afternoon, it is more likely to lead the recovery of - 500 in the afternoon.
hot spot 2: Agricultural stocks performed strongly all day
Agricultural stocks had a strong trend throughout the day, and three stocks, including Jinjian Cereals Industry Co.Ltd(600127) , Shenzhen Kingsino Technology Co.Ltd(002548) , Hainan Jingliang Holdings Co.Ltd(000505) , rose by the limit.
In terms of data, according to the monitoring of the Ministry of agriculture and rural areas, the " Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale price 200 index" was 132.33 points on March 11, up 0.81 points from yesterday, and the "vegetable basket" product wholesale price 200 index was 135.07 points, up 0.83 points from yesterday. As of 14:00 today, the average price of pork in the national Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale market was 18.28 yuan / kg, down 0.3% from yesterday; The average price of 28 kinds of vegetables under key monitoring was 5.69 yuan / kg, down 0.7% from yesterday; The average price of the six key monitored fruits was 6.65 yuan / kg, down 0.2% from yesterday.
In terms of investment opportunities, Huaxi Securities Co.Ltd(002926) said that the key layout of Rural Revitalization work, grain production and seed industry revitalization have improved the prosperity of seed industry, and listed companies related to seed industry have ushered in an important policy window. In terms of target selection, Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) and Shandong Denghai Seeds Co.Ltd(002041) , which have obvious first mover advantage, are recommended.
