Market trend:
The market fluctuated all day and fell, led by the Shanghai index. On the disk, the concept stocks of electronic ID cards were strong throughout the day, and the GEM stocks Hangzhou Everfine Photo-E-Info Co.Ltd(300306) rose by 2 boards and Linewell Software Co.Ltd(603636) 3 boards. In addition, all other sectors fell, and the cyclical sector fell sharply for two consecutive days, Petrochina Company Limited(601857) down nearly 8%. Overall, individual stocks fell more and rose less. More than 4400 individual stocks fell in the two cities, less than 300 rose, and more than 100 stocks fell by the limit. Cyclical stocks represented by coal, nonferrous metals and iron and steel led the decline. On the one hand, foreign ownership in these sectors is relatively concentrated; On the other hand, the expectation of declining exports and weakening real estate investment make the market pessimistic about heavy assets; The market is worried about stagflation.
In terms of sectors, today we will focus on two sectors:
First, the digital currency sector; On the news side, wechat and others will be strictly regulated due to money laundering. Digital currency is a better alternative, with Shenzhen Emperor Technology Company Limited(300546) and others leading the increase today. In the long run, the prosperity of the industry will be significantly improved, and its application scope will be greatly improved. The sector is also subordinate to the digital economy sector, and the performance of digital economy stocks is also anti falling today; Digital economy is the main direction of transformation, and equipment upgrading is not small in the direction of intelligence; Second, covid-19 treatment section. This sector has been mentioned yesterday. On the news today, the 2022 work plan of the State Council clearly states that the R & D and listing of covid-19 virus drugs in China will be further accelerated according to the needs of epidemic prevention and control. Although the sector fell today, the overall decline is less than small. With the advent of the post epidemic era, the market prospect of covid-19 treatment field is great.
Outlook:
Today’s disk needs to pay attention to two points: first, the decline of cyclical stocks, and the intraday rebound is weak; The second is the resistance of digital economy and pharmaceutical stocks. Individual stocks such as digital government and digital currency did not follow the decline of cyclical stocks. It seems that the future development of China’s economy is very different from that in 2008. Now the mode of relying on real estate will be worse and worse. It still needs to rely on scientific and technological development. As Premier Li Keqiang said, the problem of development depends on development. At present, the financing of small and micro enterprises does not completely depend on the credit data, and the tax rebate from the government has also increased resilience. The real estate industry chain is indeed shrinking, but the high-end manufacturing potential is still great, and the time point is beginning to approach the disclosure time of the first quarterly report. In the future, we need to pay attention to the industries with the growth of the first quarterly report. At present, the market is mainly killing blue chips. The gem index did not follow the record low, and took the lead in paying attention to the rebound opportunities of sectors stronger than the market.
