On Wednesday, Shanghai and Shenzhen stock markets opened low and walked low. Track stocks fell for two consecutive trading days, which became the main factor dragging down the stock index. In the intraday trading yesterday, although the trend of bank stocks was strong, the overall market sentiment was still low, with individual stocks falling more and rising less.
As of the close, the Shanghai stock index fell below the 3600 point integer mark to 3595.18 points, down 1.02%, and the Kechuang 50 index fell 2.32%; The Shenzhen Composite Index and the gem index fell 1.80% and 2.73% respectively. Among them, the gem refers to a decline of nearly 5% in the two trading days.
Yesterday, lithium batteries, semiconductors, photovoltaic and other high boom tracks led the decline. In the lithium battery sector, Tibet Mineral Development Co.Ltd(000762) fell by the limit, Byd Company Limited(002594) fell by more than 6%, and Contemporary Amperex Technology Co.Limited(300750) fell by more than 3%; In the semiconductor sector, Gigadevice Semiconductor (Beijing) Inc(603986) fell 10%, and Will Semiconductor Co.Ltd.Shanghai(603501) , Rockchip Electronics Co.Ltd(603893) , Starpower Semiconductor Ltd(603290) also fell sharply.
Since the beginning of the year, popular track stocks have suffered sharp declines. Some market analysts said that the game between funds and high-level and high boom sectors is very fierce. Many stocks are institutional heavy positions, and there is no lack of the possibility of profit taking of large funds. The trading data disclosed after hours showed that some institutions sold a large amount of money, but also organic institutions took advantage of the sharp decline to “copy the bottom”. For example, Tibet Mineral Development Co.Ltd(000762) boarded the dragon and tiger list yesterday. The net purchase of 2 institutional seats was 113 million yuan, and the purchase of 1 institutional seat was 26.6 million yuan while selling 48.85 million yuan.
Anxin Securities believes that investors should not be pessimistic at present. They are optimistic about the overall trend of high prosperity and high valuation track in the medium term, but the short-term volatility is significantly enhanced, maintaining the view of “time for space”.
According to the analysis of Tianfeng Securities Co.Ltd(601162) , the adjustment range of most hard science and technology sectors has reached the historical average, but the adjustment time is still not enough. And overall, the hard technology sector is expected to continue to maintain a high boom.
Yesterday, banking stocks rose against the trend, and the banking sector rose 1.76% as a whole, ranking first in all Shenwan industries. Among individual stocks, Industrial Bank Co.Ltd(601166) rose nearly 5%, with Bank Of Chengdu Co.Ltd(601838) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Ningbo Co.Ltd(002142) among the top gainers.
On the news side, on January 4, China Zheshang Bank Co.Ltd(601916) announced that the president of the bank spent 1 million yuan to increase his own company’s shares on the same day, which was the first increase in bank shares by senior executives after new year’s day. In December last year, a number of bank stocks also intensively announced that directors and executives had implemented or planned to increase their holdings in order to stabilize the stock price.
Everbright Securities Company Limited(601788) Wang Yifeng, chief analyst of the banking industry, believes that the trend of the banking sector in the first quarter of history is usually better, and the relative return of banking stocks in January may be better. The performance of the banking sector in the past five years. In addition to the impact of the epidemic in 2020, the growth ranking of the banking sector from 2017 to 2019 and the first quarter of 2021 (especially January) ranked among the top five sectors, with good relative income performance.
In addition, from the performance forecast of listed banks in 2021, the performance is also relatively bright. On the evening of January 4, Bank Of Chengdu Co.Ltd(601838) announced that the net profit in 2021 is expected to increase by 1.085 billion yuan to 1.507 billion yuan, an increase of 18% to 25% compared with the previous year.
Bank Of Chengdu Co.Ltd(601838) said that the main reasons for the performance growth were: first, the asset scale increased steadily, the customer deposit funds formed a strong guarantee in supporting the scale growth, and the asset liability structure remained stable; Second, the credit business expanded well, and the proportion of total loans in assets further increased; Third, cost control measures are effective, and the cost income ratio is maintained at a low level.
(Shanghai Securities News)
