the A-share market ushered in the first trading day of 2022, and the three indexes collectively closed down on the same day. however, from the performance of most individual stocks, the market believes that they have actually made a “good start”. For example, although the overall decline in the biomedical sector was the top, 25 stocks rose by the limit, and big meat can be eaten.
On January 4, the A-share market ushered in the first trading day of 2022, and the three indexes collectively closed down on the same day.
However, after the index closed down, the number of gainers still exceeded 3000 and 121 rose by the limit. The trading atmosphere in the two cities was active, with a daily turnover of more than 1.1 trillion yuan.
Analysts pointed out that before and after the Spring Festival, the market performance is expected to be relatively stable, and investors pay attention to the pre impact of policies and further release pressure on valuation. It is expected that the macro liquidity will be good at the beginning of 2022. There will be some phased opportunities from January to February. Growth stocks have performed better at this stage over the years.
index “black” stocks “red”
What is the trend on the first day of 2022?
A shares opened high in the morning to welcome the “good start”, but soon went low, and finally ended with “opening the door black”.
As of the closing on January 4, the three major indexes closed down, but from the performance of most individual stocks, the market believes that they have actually made a “good start”. For example, although the overall decline in the biomedical sector was the top, 25 stocks rose by the limit, and big meat can be eaten.
The Shanghai stock index fell 0.2% to 3632 points, the Shanghai and Shenzhen 300 index fell 0.46%, while the gem index and Kechuang 50 index both fell more than 2%. Shanghai and Shenzhen A-Shares rose more and fell less, 3299 stocks closed up, with a limit of 121; 1242 stocks closed lower and 24 fell by the limit.
The sector (Shenwan) rose and fell, and the agriculture, forestry, animal husbandry and fishery sector “Rose” and finally led the market with an increase of 4.73%; Media, transportation and social services rose by more than 2%, while coal and Steel closed higher. The power equipment closed down 3.14%, with a daily turnover of more than 120 billion yuan; Nonferrous Metals and basic chemical industry closed down; The decline of pharmaceutical and biological products was the top, but 25 stocks rose by the limit, and the daily turnover was nearly 150 billion yuan.
In terms of the performance of concept stocks, all 36 pork concepts closed up, leading Muyuan Foods Co.Ltd(002714) rose more than 8% to 57.8 yuan / share, Wens Foodstuff Group Co.Ltd(300498) , New Hope Liuhe Co.Ltd(000876) rose about 7%, and Zhejiang Huatong Meat Products Co.Ltd(002840) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) rose by the limit; The concept of meta universe is still “full of hope”, 86 related concept stocks closed up, Silkroad Visual Technology Co.Ltd(300556) “20cm” limit, Skyworth Digital Co.Ltd(000810) also welcomed the limit; The concept of traditional Chinese medicine also attracted attention. 108 related concept stocks closed up, setting off a wave of daily limit for 23 stocks, of which Zhejiang Xinguang Pharmaceutical Co.Ltd(300519) “20cm” daily limit; 566 institutional heavy position concept stocks rose, and 30 rose by the limit; 127 ST shares closed up and 28 were up by the limit.
What is dragging down the gem index? In terms of Ning portfolio, it fell 3.86% today. 21 “Ning portfolio” stocks such as Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) closed down, half of which fell by more than 5%, and Asymchem Laboratories (Tianjin) Co.Ltd(002821) 10cm fell by the limit; Only Byd Company Limited(002594) , Shenzhen Inovance Technology Co.Ltd(300124) and Enjie shares closed up, and the increase was no more than 2%.
seize periodic opportunities
The first day of the new year did not keep the “good start”, can the spring market be expected?
In an interview with the international finance news, several investors said that the logic of the spring market itself is based on three points: first, the improvement of liquidity after the festival; Second, the fund ranking war is over, and the fund manager’s investment will be more radical without the pressure of short-term assessment; Third, spring is a fundamental vacuum period, with a strong market speculation atmosphere. It is suggested that investors should pay attention to the impact of pre policy and the further release of valuation pressure. In terms of the time of spring market, due to the early reduction of reserve requirement at the end of 2021 and monetary relaxation, the Spring Festival market may be advanced, and it may be difficult to show a big market before and after the Spring Festival. From the perspective of configuration, cyclical stocks will give way to growth stocks.
Guokai securities has calculated the performance of Shanghai index, Shanghai Shenzhen 300 index and gem index in spring in recent 25 years, and believes that the spring market has certain stage advantages, but the market’s optimistic expectation for it mainly comes from the continuous good performance from 2003 to 2013. The spring market advantage tends to decline in recent ten years, and the good performance stage is mainly concentrated from January to February. Considering that the central bank’s policy tends to loosen since November 2021, it is expected that the macro liquidity will be better at the beginning of 2022. Therefore, there are certain periodic opportunities from January to February. Growth stocks over the years have performed relatively well at this stage. Therefore, we can pay more attention to industries such as electronics, computers, power equipment and media. After March, if the macroeconomic data is relatively flat and the performance expectation of Listed Companies in the first quarter is poor, we need to pay attention to risks.
Will there be policy and epidemic inflection points in the market around the Spring Festival this year?
In this regard, Sinolink Securities Co.Ltd(600109) believes that the probability is low and is not pessimistic about the A-share market in the next quarter. The core reason why the Spring Festival has become a watershed in the market comes from the policy change and the black swan incident. At present, from the perspective of policy, whether monetary policy, credit policy or fiscal policy, the next quarter will be the stage of policy implementation. From the perspective of epidemic development, after the impact of the epidemic for two years, the current market expectations for the interpretation of the epidemic are neither as optimistic as at the beginning of 2021 nor extremely pessimistic. From the perspective of performance, the market performance expectation may be relatively stable before and after the Spring Festival: on the one hand, the annual performance of Listed Companies in 2021 is not poor, and the probability of annual report forecast and express disclosed in January will not have a significant impact on the market performance expectation; On the other hand, although the performance in the first quarter is relatively under pressure, the intensive disclosure of relevant information in the first quarter may be from March to April.
Huaan Securities Co.Ltd(600909) pointed out that with the joint support of consumption recovery, cross cycle regulation and liquidity care, the economic probability picked up in the first quarter. It is suggested to actively grasp the most certain opportunities in the year and stick to the growth style in terms of configuration. In addition, the infrastructure and marginal improved real estate chain under steady growth, the securities business sector under the restlessness in spring and the consumer sector benefiting from the logic of price rise.
(International Finance News)
