Double financing balance
As of March 17, the balance of the two financial institutions on the Shanghai Stock Exchange reported 903478 billion yuan, a decrease of 1.399 billion yuan compared with the previous trading day; The balance reported by Shenzhen Financial Exchange was RMB 785.7 billion, a decrease of RMB 2.7 billion compared with that reported by Shenzhen Financial Exchange on the previous two days; The two cities totaled 1686235 billion yuan, a decrease of 2.200 billion yuan over the previous trading day.
Latest views
On Thursday, A-Shares rose unilaterally in the morning, and the gem index rose by more than 4% at one time. In the afternoon, the stock index soared inertia and fell after shock. Real estate and medicine led the rise in the big market, subject stocks blossomed at many points, and consumer stocks generally recovered. The Shanghai index returned to 3200 points and the gem index recovered 2700 points. As of the close, the Shanghai stock index rose 1.40%, the Shenzhen Component Index rose 2.41%, the gem index rose 2.87%, the Shanghai and Shenzhen 300 rose 1.96%, the Shanghai Stock Exchange 50 rose 1.75%, and the China Stock Exchange 500 rose 1.81%. The number of gainers in the two cities was 3768, higher than the average value of 1780 last week and lower than 4308 in the previous trading day. The number of daily limit was 115, higher than the average value of 65 last week and lower than 138 in the previous trading day. The number of decliners in the two cities was 834, lower than the average of 2446 last week and higher than 384 in the previous trading day. The number of drop limits was 3, lower than the average value of 31 last week and 9 on the previous trading day. Northbound funds had a net inflow of 5.364 billion yuan, with an average net outflow of 7.264 billion yuan last week and a net outflow of 82 million yuan on the previous trading day. The turnover of the two cities was 1277076 billion yuan, with an average value of 1085651 billion yuan last week, compared with 1192743 billion yuan the previous trading day. A shares have rebounded one after another, which has been basically verified for the current market. Our judgment for the next stage is that the price of A-Shares will rebound after extreme panic. At present, we define this round of rise as rebound. After general rise, there will be obvious differentiation in the market of A-Shares in the next stage.
Topic tracking
Focus today: securities, traditional Chinese medicine and real estate development
\u3000\u30001. Securities theme: on March 17, CSDCC announced that in order to implement the spirit of the special meeting of the Finance Committee of the State Council, reduce the cost of market funds and serve the healthy development of the real economy, CSDCC cooperated with the ongoing DVP reform, and reduced the payment proportion of the minimum settlement reserve for stock ticket business from 18% to 16% from April 2022. At the same time, in order to support the economic recovery and development of areas greatly affected by covid-19 epidemic, China Clearing has reduced and exempted some registration and settlement fees such as share and securities registration fees of two networks and delisting companies, non trading transfer fees of B shares and bonds, dividend and dividend distribution handling fees of closed-end funds since April 2022, and exempted those registered in Tianjin, Inner Mongolia Autonomous Region, Jilin Province, Shanghai, Shandong Province, Henan Province, Shaanxi Province Registration and settlement expenses of issuers in Shenzhen and other regions in 2022. Suggested attention: Guosheng Financial Holding Inc(002670) ( Guosheng Financial Holding Inc(002670) ), Polaris Bay Group Co.Ltd(600155) ( Polaris Bay Group Co.Ltd(600155) )
\u3000\u30002. Theme of traditional Chinese medicine: it is mentioned in the government work report of the State Council in 2022 to support the revitalization and development of traditional Chinese medicine and promote the comprehensive reform of traditional Chinese medicine. In February 2022, the Information Office of the State Council held a policy briefing, which clearly proposed to persevere and jointly promote the “three medical linkage”, promote the normalization reform of the centralized procurement of drugs and consumables organized by the state, and put forward that the scope of centralized procurement of Chinese patent medicines should be further expanded. The epidemic is not over yet. The government proposes to continue to do a good job in normalized epidemic prevention and control and give better play to the role of traditional Chinese medicine. Suggested attention: Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) ( Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) ), Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) ( Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) )
\u3000\u30003. Theme of real estate development: on March 15, the National Bureau of Statistics announced the national real estate development investment and sales from January to February 2022. From January to February, the national investment in real estate development was 1449.9 billion yuan, a year-on-year increase of 3.7%. On March 16, the National Bureau of statistics released the changes in the sales prices of commercial houses in 70 large and medium-sized cities in February. The data show that the sales prices of new commercial houses and second-hand houses in the first tier cities increased month on month, while those in the second and third tier cities remained unchanged or decreased month on month; The year-on-year increase in the sales price of commercial housing in the first and second tier cities fell or flat, and the year-on-year decrease in the third tier cities. The real estate market in the first and second tier cities took the lead in showing the characteristics of bottom. Suggested attention: 5I5J Holding Group Co.Ltd(000560) ( 5I5J Holding Group Co.Ltd(000560) ), Shenzhen Sdg Service Co.Ltd(300917) ( Shenzhen Sdg Service Co.Ltd(300917) )
The risk suggests that the epidemic has not been effectively controlled, the unexpected decline of macro-economy, the intensification of liquidity tightening, and the industrial policies are lower than expected.
