Unexpectedly, on the first trading day of 2022, A-Shares did not have a “good start”.
On January 4, the three major A-share indexes fell together. The Shanghai index fell 0.2%, the Shenzhen composite index fell 0.44% and the record index fell 2.18%.
However, it is worth mentioning that although the index looks “green”, the rising stocks are far more than the falling stocks. On the same day, Shanghai and Shenzhen stock markets rose by 120, with 3299 stocks rising.
Last year’s hottest track, new energy, non-ferrous metals, national defense and military industry, electronics and automobiles all fell. In 2021, the poor performance of agriculture, forestry, animal husbandry and fishery, finance, real estate, household appliances, etc.
On the first day of the new year, A-share high-end stocks fell and low-end stocks rose, which seemed to convey a different signal from the past.
high stocks fell and low stocks rose
On January 4, the first trading day of 2022, the game of A-share funds was very fierce. On that day, the three major stock indexes opened high and went low, but finally the three major indexes closed down.
Most of the high boom tracks in the fire last year fell.
In 2021, the soaring new energy showed a sharp correction, and the “leading brother” Contemporary Amperex Technology Co.Limited(300750) opened high and went low, closing down by 3.25%, which dragged down the new energy sector. On the same day, power equipment and new energy (CITIC) led the decline by 2.88%, and more than 80% of new energy stocks fell. Among the stocks with a market value of more than 100 billion, Flat Glass Group Co.Ltd(601865) fell by the limit, Hangzhou First Applied Material Co.Ltd(603806) fell by more than 9%, and Trina Solar Co.Ltd(688599) , Zhejiang Chint Electrics Co.Ltd(601877) , Sungrow Power Supply Co.Ltd(300274) fell by more than 7%, Tongwei Co.Ltd(600438) fell more than 5%, and Tianjin Zhonghuan Semiconductor Co.Ltd(002129) fell more than 4%.
“The new energy sector, which led the rise last year, experienced a substantial correction, and profit taking was the main reason.” Yang Delong, chief economist of Qianhai open source, made a judgment.
Yang Delong explained that global investors are still actively optimistic about the development prospect of new energy. However, due to the excessive short-term increase of new energy and the news that new energy subsidies will decrease by about 30% in 2022 during holidays, there is a certain pressure on the short-term trend of new energy.
It is worth mentioning that the high boom track, such as new energy, non-ferrous metals, national defense and military industry, electronics, automobiles, etc., came out of the collective market after the beginning of the year.
In addition, the crazy rise of traditional Chinese medicine stocks and the general decline of Western medicine stocks are also another prominent scenery on the first trading day of the new year.
On the same day, traditional Chinese medicine stocks rose the limit in batches, Beijing Tongrentang Co.Ltd(600085) , Jiuzhitang Co.Ltd(000989) , Chongqing Taiji Industry (Group) Co.Ltd(600129) , Jinghua Pharmaceutical Group Co.Ltd(002349) , Kunming Longjin Pharmaceutical Co.Ltd(002750) , Jianmin Pharmaceutical Group Co.Ltd(600976) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Zhejiang Xinguang Pharmaceutical Co.Ltd(300519) , Zhuzhou Qianjin Pharmaceutical Co.Ltd(600479) and other 22 stocks.
Agriculture, media, coal, household appliances, real estate, finance and other sectors with poor trend in 2021 also led the increase.
“high prosperity” + “dilemma reversal” industry is favored
The 21st Century Business Herald reporter consulted the investment strategies of more than 10 fund companies in 2022. For the future market, the fund companies formed the following consensus.
First, we are optimistic about the market of A-Shares in the first quarter. Haifutong fund, China Post Fund, Huatai Bairui fund and Huatai Baoxing fund all believe that this is the best investment time point of the year.
The second is that this spring’s market offensive may not be as good as in previous years.
The Financing Fund believes that the overall performance of the market in the second two months of 2021 is unsatisfactory, which is far worse than the early restless market in previous years. The main reason is that the market is more worried about China’s economic downturn and the decline of enterprise profit growth in 2022.
The “shock” is the tone set by most fund companies for A-Shares in 2022. Most fund companies believe that there is little room for A-share index to rise and trend in 2022, but there is no lack of “structural market”.
so where will the A-share structured investment opportunities be in 2022?
The investment strategy of most institutions in 2022 shows that in the structural market, they are optimistic about “high boom” new energy and new infrastructure, as well as “dilemma reversal” consumption, real estate, pig cycle, finance and other tracks.
Yang Delong pointed out that “new energy and consumption are the main line of investment in 2022.”
He believes that due to the excessive increase and high valuation of new energy in 2021, it will be more appropriate to configure it when the adjustment is in place.
“There will also be differentiation within new energy. Some new energy leaders who can really release their performance and achieve sustained growth in performance will continue to expand space upward, and some new energy stocks with speculation concepts may undergo relatively large adjustments.” Yang Delong said.
On the whole, many investment institutions believe that among the investment opportunities in 2022, the cost performance of track type and lying win type investment opportunities is significantly lower than that in 2019-2021, and the structure will continue to be rebalanced.
Yang Ziyi, investment director of Zhongrui Heyin, believes that this spring’s market may not have an obvious dominant style, but there may be some subdivided industrial chains with comparative advantages and targets with bottom-up Growth Logic in each style to jointly lead the spring market. For example, the property in the real estate industry chain; New energy power operators in the green power sector; Some subdivided fields in the military industry sector.
According to the financing fund, the recent performance of two clues is relatively strong:
The first is the market represented by leading companies in the real estate chain before and after the economic work conference;
The second is the economic downturn stage, with relatively active new themes, including power operators benefiting from the diffusion of new energy and the theme of metauniverse.
RONGTONG Fund believes that these two clues still have a certain inertia in the new year.
(21st Century Business Herald)
