In the first two trading days of 2022, the new energy track represented by lithium battery and photovoltaic showed a significant adjustment. The Shenwan power equipment industry index fell by 7% in the two trading days, and the share prices of leading companies such as Contemporary Amperex Technology Co.Limited(300750) retreated by nearly 10%.
It is believed that the institutional position adjustment and stock exchange is the main reason for the callback of the new energy sector. From the disk structure, the recent market style has indeed changed to a certain extent: while the track stocks fell, the undervalued varieties such as banks and real estate performed strongly.
However, from the dragon and tiger list and block trading data released by the exchange, there has not been a large-scale withdrawal of institutional funds from the new energy track recently. On the contrary, some stocks also received "bottom reading" from institutions in the process of decline.
Yesterday, the Tibet Mineral Development Co.Ltd(000762) share price of salt lake lithium extraction plate fell by the limit. According to the long and tiger list after hours, Tibet Mineral Development Co.Ltd(000762) the top five sales were business department seats, and the Beijing Financial Street Business Department of Ping An securities sold 147 million yuan; There were three institutional seats in the top five, with a total purchase of 139 million yuan.
Qinghai Salt Lake Industry Co.Ltd(000792) fell 1.39% yesterday. There were four block transactions throughout the day. The buyers were institutions and the sellers were brokerage business departments. The four block transactions totaled 6 million shares, with a transaction price of 33.18 yuan / share, and a total transaction value of nearly 200 million yuan.
The trillion market value lithium battery leader Contemporary Amperex Technology Co.Limited(300750) also had block transactions yesterday, and the transaction price was at a premium. According to the data, Contemporary Amperex Technology Co.Limited(300750) five block transactions occurred yesterday. Both the buyer and the seller were institutions. The total number of shares traded was 168600, with a transaction price of 551.82 yuan / share, a small premium over yesterday's closing price of 547.50 yuan.
At the end of 2021, northbound funds known as "smart money" continued to add weight to growth tracks such as new energy. This trend continued in the first two trading days of the new year and was not affected by stock price fluctuations.
Before yesterday's trading, the Hong Kong Stock Exchange announced the details of northbound capital holdings as of the closing on January 4. According to the data, although the overall net purchase scale of northbound funds on the first trading day of the new year was only 460 million yuan, many new energy stocks were greatly increased by foreign capital.
Eve Energy Co.Ltd(300014) on the first trading day of the new year, the share price fell 5.62%, and on the same day, it was increased by 2.7251 million shares with north capital, with an increase of 2.05%. The number of northbound capital holdings on Tuesday, such as Shanghai Putailai New Energy Technology Co.Ltd(603659) , Gotion High-Tech Co.Ltd(002074) , Qingdao Tgood Electric Co.Ltd(300001) , Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , increased by more than 1%. Contemporary Amperex Technology Co.Limited(300750) obtained 213000 additional positions of northbound funds on Tuesday, with a net purchase amount of more than 100 million yuan.
Recently, the overall news of the new energy sector is still positive. According to the data released by Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , the average price of battery grade lithium carbonate has risen to 290000 yuan / ton, and the highest quotation has exceeded 300000 yuan / ton; Weilai, Xiaopeng, ideal and other new car manufacturers announced the sales volume in 2021, and the annual delivery volume of many car enterprises more than doubled; The Ministry of industry and information technology and other five departments jointly issued the action plan for the innovation and development of intelligent photovoltaic industry, which made it clear that the mass production conversion efficiency of new high-efficiency Cecep Solar Energy Co.Ltd(000591) cells will be significantly improved by 2025.
In the view of some institutional people, the fluctuation of capital sentiment caused by external factors may be the main reason for the cold of track stocks at the beginning of the year.
Hu guopeng, chief strategist of Sealand Securities Co.Ltd(000750) strategy, expressed his view after hours yesterday, saying that the US bond yield has risen significantly recently, and the upward range in the two trading days of the new year is close to 14 basis points, approaching the high of last year. The rapid rise of US bond interest rate may suppress some overvalued sectors, mainly focusing on growth style.
Hu guopeng believes that the market opportunities in January are still greater than the risks. The valuation expansion dominated by the steady growth policy is the main driving force for the restlessness in spring, and the market probability will not repeat the adjustment in February last year. The adjusted cost performance of the growth sector deserves attention, and a more definite growth direction can be found along the deductive path of the industrial cycle.
Citic Securities Company Limited(600030) said that the subsidy policy for new energy vehicles has been implemented in 2022, car enterprises will continue to put in high-quality models, and the general trend of intelligent electric in the automotive industry will continue to accelerate, promoting the prosperity of electric and intelligent sub circuits. Citic Securities Company Limited(600030) maintain the sales forecast of new energy vehicles in 2022, and the annual sales volume is expected to reach 4.8 million, with a year-on-year increase of 38%. It is estimated that the penetration rate of new energy vehicles will be close to 20% in 2025 and 50% in 2030.
(Shanghai Securities News)
