Today (January 5), the Shanghai and Shenzhen stock markets opened low across the board. At the beginning of the session, the stock index fluctuated rapidly and fell. Although there was a rebound in the Shanghai index, it did not change the decline, while the gem index showed a pulse downward pattern all day, showing a panoramic view of the weak market.
As of the day’s closing of Shanghai and Shenzhen stock markets, the Shanghai index fell 1.02%, falling below the integer mark of 3600 points to 3595.18 points; The Shenzhen Component Index fell 1.80% to 14525.76 points; The gem index fell 2.73% to 3161.51.
From the disk point of view, the market of light index and heavy stocks continued. In the industry, games, jewelry, banking, port shipping and other stocks rose slightly. In the subject stocks, the concept of Shangtang, cloud games, prefabricated dishes, NFT, virtual digital man, pork concept and digital currency led the rise.
In terms of capital, the central bank announced on January 5 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China carried out RMB 10 billion reverse repurchase operation by means of interest rate bidding on January 5, 2022, and the bid winning interest rate was 2.20%. Today, 210 billion yuan of reverse repo expired, so a net return of 200 billion yuan in a single day.
hot plate
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to the daily economic news, on the morning of January 5, after 24 years, China Mobile (600941. SH) officially returned to A-Shares and was listed on the main board of Shanghai Stock Exchange. At the Shanghai Stock Exchange, Yang Jie, chairman of China Mobile Group, and Dong Xin, managing director of China Mobile Group, jointly sounded the bell, ringing this historic moment. China Mobile’s return to A-Shares also broke the nearly ten-year fundraising record of A-Shares set by China Telecom Corporation Limited(601728) last August. It is worth mentioning that with the listing of China Mobile on the Shanghai Stock Exchange, the three operators have officially “joined hands” in a shares.
2. According to the Ministry of agriculture and rural areas on the 5th, the Ministry of agriculture and rural areas recently issued the national development plan for Agricultural Mechanization in the 14th five year plan, proposing that by 2025, the total power of national agricultural machinery will be stable at about 1.1 billion kw, and the mechanization rate of rice planting will reach 65%.
3. According to the China Federation of logistics and purchasing on January 5, in January 2022, as the Spring Festival approaches, the demand for bulk commodities will further decline and the downward pressure on the market will increase significantly. However, with the launch of a number of major transportation projects, there is strong support for the long-term demand for bulk commodities.
4. According to the Beijing News, according to relevant sources of meituan, at present, residents in digital RMB pilot areas such as Beijing, Shanghai and Shenzhen can choose digital RMB payment when ordering takeout. This is also another expansion of digital RMB in the livelihood scene of “food, clothing, housing and transportation” after meituan bicycle.
institutional view
For the current adjustment market, Founder Securities Co.Ltd(601901) mentioned that from the historical experience of A shares, the probability of switching in the market in January is relatively large. The so-called switching includes not only the overall bull to bear or bear to bull of the market, but also the plate switching of structural industries.
Founder Securities Co.Ltd(601901) further analysis shows that the market is prone to increased switching volatility in January, which may be related to the behavior factors of investors. Because the beginning of the year is the beginning of a new assessment cycle, investors tend to have higher risk appetite and are more prone to position adjustment. There is no major bad news in recent market. Generally speaking, these two trading days are relatively large in 2021.
Therefore, the agency believes that it is unlikely that the follow-up market will continue to decline, and the restless market in spring from January to February is still worth looking forward to. Structurally, we continue to be optimistic about the small cap growth style of hard technology in 2022.
Sinolink Securities Co.Ltd(600109) also pointed out that “track stocks” have fallen one after another, representative institutions are adjusting positions, and some consumer sectors that underestimate the value may be concerned. In the short term, the market is still dominated by shocks, and investors need not panic.
In addition, Shenwan Hongyuan Group Co.Ltd(000166) said that the medium-term operation of the market is rising, and the tone of short-term “consolidation” seems not to be over. There are even signs of deepening differences and increasing adjustment pressure, but the space for downward adjustment is expected to be limited. In terms of operation, we continue to recommend holding positions, reduce chasing up and killing down operations, and absorb an appropriate amount of oversold rebound varieties. In terms of industry, the middle line can continue to pay attention to national defense and military industry, electronics and non bank financial (Securities) industries, and pay attention to media and computer sectors in the short term.
In terms of operation configuration, Everbright Securities Company Limited(601788) mentioned that it is optimistic about two main lines, namely, the real estate and consumer industries that benefit from the improvement of economic margin, and the long-term investment main lines related to high-end manufacturing and specialization. At the same time, in the short-term direction, the performance pre increase shares are also warmly sought after by the market, and the performance wave shows signs of preheating.
Huaan Securities Co.Ltd(600909) pointed out that it actively participated in the restless market in spring around four main lines. Main line 1: continue to be optimistic about the growth direction, including the upstream of “double carbon” green power, scenery hydrogen storage and new energy, the middle and upper reaches of semiconductors with improved prosperity, military industry, and the computer sector with style diffusion and easily driven by emotion. ① Since the RRR and interest rate cuts were implemented as scheduled in December, monetary easing has been continuously confirmed under the combination of cross cyclical and counter cyclical adjustment, bringing marginal relaxation of liquidity and providing strong support for growth style.
② The expectation of steady growth is strengthened, with equal emphasis on the main lines of traditional and emerging industries. On the one hand, with the firm goal of “double carbon”, the road map and policies of various industries are constantly clear. Building a modern energy system and building a new power system is the long-term development direction. On the other hand, the pace of fiscal policy is ahead, bringing new and old infrastructure to work together.
③ The deduction of growth style market will generally experience the three-stage drive of “valuation → performance → valuation”. After the performance cashing and fourth quarter adjustment of this round of growth sector, with the support of liquidity, the probability will enter the third stage of valuation.
Main line 2: building materials, real estate and its upstream and downstream under steady growth. The main force of short-term steady growth is still infrastructure and real estate. The real estate regulation policy has been marginal relaxed, and the better repair of investment and sales than pessimistic expectations is worthy of attention.
Main line 3: Securities Companies in the restless spring. Securities companies are the wind vane of restlessness in spring, which needs attention.
Main line 4: consumption mainly follows the rise, looking for opportunities along the main line of price rise, but it will not be the brightest plate.
