Affected by the decline in the peripheral market, today (January 6), Shanghai and Shenzhen markets opened low and went low. At the beginning of the session, the stock index rebounded after falling, and the decline of the stock index narrowed in the afternoon to maintain the horizontal consolidation pattern.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index fell 0.25% to 3586.08 points; The Shenzhen Component Index fell 0.66% to 14429.51 points; The gem index fell 1.08% to 3127.48 points, and the K-line was negative for four consecutive days.
From the disk point of view, track stocks rebounded and the concept of meta universe fell. In terms of industry, traditional Chinese medicine, cement and building materials, environmental protection, iron and steel, paper and printing and other industries led the rise. In terms of theme stocks, lithium extraction from Salt Lake, Beijing Winter Olympics, sponge City, vaccine cold chain and other industries led the rise.
In terms of capital, the central bank announced on January 6 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched RMB 10 billion reverse repurchase operation by means of interest rate bidding on January 6, 2022, and the bid winning interest rate was 2.20%. Today, 110 billion yuan of reverse repo expired, so 100 billion yuan was returned 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 interface news, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) released data show that the quotation of some lithium battery materials rose again today, and cobalt trioxide rose 10000 yuan / ton; Lithium carbonate rose 7500 yuan / ton, with an average price of 302500 yuan / ton; Lithium hydroxide increased by 6000-8500 yuan / ton.
2. On January 6, according to the Chinese government website, the general office of the State Council recently issued the overall plan for the pilot of comprehensive reform of market-oriented allocation of factors, which proposed to increase the supply of effective financial services. Relying on the national credit information sharing platform, we will strengthen the sharing and integration of public credit information. Give full play to the role of credit investigation platforms and credit investigation institutions, and establish a sharing and integration mechanism between public credit information and financial information. Promote the “Xinyi loan” model, make good use of the supply chain bill platform, the unified registration and publicity system of movable property financing and the accounts receivable financing service platform, and encourage financial institutions to develop credit products that match the needs of small, medium-sized and micro enterprises. Explore the establishment of a rapid write off system for bad debts of small and medium-sized enterprises. Explore the deepening cooperation between banking institutions and external equity investment institutions to develop diversified scientific and technological financial products. Support the pilot use of digital RMB in retail transactions, living payment, government services and other scenarios.
3. According to the securities times, at a press conference held on January 6, the CBRC said that at the end of November 2021, real estate loans increased by 8.4% year-on-year, remained stable as a whole, the reasonable housing needs of buyers were further met, and more than 90% of personal housing loans were used to support the first loan house. Financial support for the construction of indemnificatory housing in the long-term rental housing market has been strengthened, and the growth rate of loans invested in the housing rental market is close to 5 times the average growth rate of various loans.
4. According to the securities times, the State Council Office issued the overall plan for the pilot of comprehensive reform of market-oriented allocation of factors, which proposed to promote the integrated development of technology and capital factors. Support financial institutions to set up specialized scientific and technological financial branches, and increase financial support for the transformation of scientific research achievements and innovative and entrepreneurial talents. We will improve the regulatory system and development policies for venture capital. Support high-quality science and technology enterprises to go public or list for financing. We will improve the intellectual property financing mechanism and expand the scale of intellectual property pledge financing. Insurance companies are encouraged to actively carry out science and technology insurance business and develop intellectual property insurance, product R & D liability insurance and other products in accordance with the law.
institutional view
For the current market, Central China Securities Co.Ltd(601375) said that on Thursday, the A-share market was restrained first and then raised, with wide shocks. After new year’s day, after falling for three consecutive days, the Shanghai Composite Index gained strong support near the semi annual line, and there is an expectation of oversold rebound in the short term. Due to the frequent conversion of market hot spots and the lack of good profit-making effect, the mood of holding money and waiting for OTC funds is still heavy, and the characteristics of stock game are still the same. It is recommended that investors maintain balanced allocation.
Orient Securities Company Limited(600958) pointed out that at present, the hot spots of A-Shares are scattered and the rotation of plates is intensified, but the strategic layout of main funds is clear. It kills and cashes out track stocks and makes up for undervalued varieties such as finance, real estate and consumption. The decline of track stocks also gives new funds the opportunity to build positions. At the same time, it appropriately participates in theme stocks to activate market popularity. The market performance before the Spring Festival is generally the same. Looking forward to the first quarter, there is no need to be overly pessimistic. After all, the steady growth trend this year is clear, and the “economic bottom” may occur in the second quarter, which determines that the index will not have much room to fall, and the investment style will be further balanced.
Haitong Securities Company Limited(600837) believes that after entering January, the market will gradually enter the intensive period of annual report forecast, and those companies with high performance growth will naturally be widely concerned by the market. It is suggested to pay attention to companies and performance forecast stocks in the high boom industrial chain. Under the joint action of consumption recovery, full opening of cross cycle regulation and liquidity care, the economic probability will pick up in the first quarter, the monetary policy will release positive signals, the credit is expected to continue to develop in spring, the policy growth attitude is clear, and the market risk preference is stable as a whole. Therefore, it is suggested to grasp the opportunities with greater certainty in the year, just as the so-called plan of the year lies in spring.
The agency further mentioned that in terms of industry configuration, in the short term, it is more biased towards the value and undervalued value under the catalysis of policies, such as banks, securities companies, real estate, infrastructure, mass consumption, etc. After the adjustment, the technology sector can participate in the performance disclosure period and choose the business direction with high performance growth and appropriate cost performance. The current adjustment is also providing an opportunity for us to get on the bus.
Caixin Securities said that looking forward to the first quarter of 2022, under the background of “stable currency + structural wide credit”, continuous promotion of antitrust and crowded mainstream track transactions, the market will continue to favor small and medium-sized market capitalization companies and marginal track stocks. It is expected that the A-share market will still achieve positive returns in 2022, but the performance of the index may not be as good as that in 2021. We are optimistic about the following four sectors in turn: (1) the sectors with booming production and sales. In the next 1-3 quarters, the performance improvement expectations from strong to weak are: national defense and military industry, household appliances, transportation, communication and computer.
(2) New energy and other track stocks. It is expected that the differentiation of new energy track stocks will intensify, the stocks with confirmed performance will still have high growth, and the stocks with false performance will be corrected.
(3) Downstream consumer segment. In November, China’s PPI rose 12.9% year-on-year, CPI rose 2.3% year-on-year, and the scissors gap was at an all-time high. It is expected that the convergence period of this round of ppi-cpi will continue from November 2021 to August 2022. The consumer sector will probably achieve excess returns in the first half of next year. We can pay attention to the food, beverage and household appliance industries.
(4) Epidemic damaged plate. At present, the epidemic has spread to India, Africa and other places with the weakest vaccination, which may mean that the global anti epidemic process has come to an end. In 2022, with the global epidemic situation under control, there is a momentum for valuation and repair in the epidemic damaged plate, which can be paid attention to: aviation, airport, tourism, hotel, cinema, etc.
