Midday interpretation: Shanghai and Shenzhen securities fell, led by the concept of electronic ID card

[morning session review]

In the morning, the two markets fell together. As of the afternoon closing, the Shanghai Composite Index fell 2.18% to 315311 points; The Shenzhen Component Index fell 1.32% to 1190461 points; The gem index rose 0.41% to 258091 points. On the disk, energy metals, engineering consulting services, batteries, engineering construction, communication services and other industries were active, while coal industry, precious metals, steel industry, mining industry, gas and other sectors led the decline. In terms of concept, the electronic ID card, covid-19 drugs, holographic technology, recombinant protein, biometric and other sectors are strong, while the concept sectors such as combustible ice, low-carbon metallurgy, scarce resources, gold concept and green power are weak. In terms of energy, as of the closing of the afternoon market, the total turnover of the two markets was 646.82 billion yuan.

[afternoon opportunity]

According to the monitoring of the national development and Reform Commission, during the week from March 7 to March 11, the national average specific price of pig grain was 4.75 ∶ 1, which was in the level-1 early warning range of excessive decline determined by the plan for improving the regulation mechanism of government pork reserves and ensuring the supply and price stability of pork market for three consecutive weeks. The national development and Reform Commission will work with relevant departments to start the collection and storage of the third batch of central frozen pork reserves during the year, and guide all localities to speed up the collection and storage.

The national development and Reform Commission will continue to work with relevant departments to regulate reserves, further strengthen the collection and storage when necessary, promote the return of pig prices to a reasonable range, and promote the smooth operation of the pig market. According to the analysis of relevant parties, the current production capacity of fertile sows in China is generally reasonable; Pig prices have been at a low level, and there is little possibility of further sharp decline. It is suggested that farms (households) reasonably arrange production and operation decisions, not only maintain the normal slaughter rhythm of pigs with appropriate weight and fattening, but also maintain the overall stability of the production capacity of fertile sows without excessive elimination.

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