After the market opened low yesterday, the three indexes fell by more than 2%, led by the gem index. Plate, electronic identity card, COVID-19 treatment and a few sectors rose, the vast majority of the sector fell, airport shipping, oil and gas exploration, tourism, green power, Baijiu and other sector top down. Overall, individual stocks fell more and rose less. More than 4100 individual stocks fell in the two cities and less than 500 rose. The turnover of Shanghai and Shenzhen stock markets was 963 billion, a decrease of 87.2 billion compared with the previous trading day. Northbound funds sold a net 14.408 billion yuan throughout the day, including 7.268 billion yuan for Shanghai Stock connect and 7.141 billion yuan for Shenzhen Stock connect.
Overnight, the closing trend of the three major US stock indexes was divided, and the Dow closed flat. The S & P 500 index fell 0.74% and the NASDAQ fell 2.04%. Technology stocks and oil and gas stocks led the decline. Houston energy and Caron oil fell more than 6%, Western oil fell more than 4%, large technology stocks NVIDIA, Tesla and Google fell more than 3%, and apple and Amazon fell more than 2%. Banking stocks and pharmaceutical stocks rose, Moderna rose more than 8%, Barclays Bank rose more than 5%, Pfizer rose nearly 4%, and Wells Fargo, UBS and Bank of America rose more than 2%. Popular zhonggai stocks fell sharply, with Zhihu down more than 27%, iqiyi down more than 24%, pinduoduo and ideal car down more than 20%, Weilai down more than 12%, jd.com, Alibaba and BiliBili down more than 10%, Tencent holdings down more than 9%, baidu down more than 8% and didi down more than 7%.
At today's morning meeting of securities companies, Shanxi Securities Co.Ltd(002500) believed that the deterioration of macro fundamentals was obvious, so we still need to be cautious and wait for the return of the economy Guotai Junan Securities Co.Ltd(601211) believes that the electric vehicle section will usher in long-term layout opportunities China International Capital Corporation Limited(601995) said that the stock of head institution banks has been adjusted to the low level in recent years. Head institutions and high-quality regional banks are recommended.
Shanxi Securities Co.Ltd(002500) : focus on medicine, biology, military industry and other sectors
Shanxi Securities Co.Ltd(002500) pointed out that it is still necessary to be cautious after continuous correction and wait for the economy to return. At the current time point, the deterioration of macro fundamentals is more obvious. First, the performance of social finance and credit in February failed to continue the "good start", reflecting that the environment facing China's steady growth is still complex. Second, the epidemic situation in China is not optimistic. Therefore, the bottom of A shares may not have been formed, suggesting reasonable control of positions and paying attention to the safety margin, Pharmaceutical and biological, real estate, national defense and military industry and other sectors whose prosperity is expected to improve; In addition, the application scheme for covid-19 virus antigen detection (Trial) recently issued by the State Council proposes to promote the monitoring mode of "antigen screening and nucleic acid diagnosis", and add antigen detection as a supplement on the basis of nucleic acid detection. Ten covid-19 antigen products have been approved in China. At present, the epidemic situation in many places in China is severe. The demand for such products may increase rapidly, and enterprises related to the industrial chain are expected to benefit.
Guotai Junan Securities Co.Ltd(601211) : electric vehicle section ushers in long-term layout opportunities
Guotai Junan Securities Co.Ltd(601211) believes that with the effect of the Spring Festival, the impact of price increases at the beginning of the year and the decline of subsidies gradually diminishing, the sales of new energy vehicles are expected to pick up, and the electric vehicle section will usher in a long-term layout opportunity. Link selection: 1) accelerated industrial application of sodium ion battery, subject: Guizhou Zhenhua E-Chem Inc(688707) , Dingsheng Xincai; 2) 4680 large cylindrical battery and related materials: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , beiteri; 3) Diaphragm links with tight supply and demand: Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) ; 4) There is room for medium and long-term growth. The targets with relatively cheap Valuation: Guangzhou Tinci Materials Technology Co.Ltd(002709) , St Dexin, and the beneficiary targets: Hunan Zhongke Electric Co.Ltd(300035) .
China International Capital Corporation Limited(601995) : the stock of head institution banks has been adjusted to the low level in recent years. Head institutions and high-quality regional banks are recommended
China International Capital Corporation Limited(601995) said that the stock depth of China Merchants Bank Co.Ltd(600036) , Ping An Bank Co.Ltd(000001) and other head institutions has been adjusted to the lowest level in recent years, which reflects the concentrated release of risk aversion in addition to the impact of fundamentals. Head institutions and high-quality regional banks recommended by institutions: head financial institutions are expected to seize new business opportunities, so as to improve their balance sheet, market share and profitability, and benefit from a new round of performance / valuation differentiation cycle; It is suggested that investors choose regional banks with large regional economic growth potential or concentrated stock wealth. Because of the structural differences between regional exposure and customer exposure, they often reflect the relative competitiveness and competitive advantage in the region, and their performance shows high growth.
