At the end of the day, it was a bit of a surprise!
As the FTSE Russell index took effect after the quarterly adjustment, the closing call auction of several heavyweights such as Contemporary Amperex Technology Co.Limited(300750) , Bank Of Ningbo Co.Ltd(002142) , Postal Savings Bank Of China Co.Ltd(601658) , Industrial And Commercial Bank Of China Limited(601398) , China Merchants Securities Co.Ltd(600999) , Kweichow Moutai Co.Ltd(600519) , etc. showed a diving trend. Among them, the last-minute order throwing of Contemporary Amperex Technology Co.Limited(300750) exceeded 20000 and the market value exceeded 1 billion China Merchants Bank Co.Ltd(600036) , Citic Securities Company Limited(600030) and other large cap stocks rose rapidly in the late trading.
At the same time, based on the daily quota balance, the net inflow of northbound funds as of the closing of A-Shares was more than 17.3 billion yuan, and the net inflow at the end of the trading was 39 billion yuan, which took effect after the quarterly adjustment of FTSE Russell index; Based on the transaction volume, BEIXIANG capital net bought more than 8.4 billion yuan. So, will this trend affect the subsequent disk? Analysts believe that from the perspective of index adjustment, the market of the next day will not be affected by index adjustment, and the stock price trend will recover quickly.
it is worth mentioning that the market has ushered in two major positive events:
First, there is good news about the situation in Russia and Ukraine. According to Russia today (RT), Mikhail podoliyak, an assistant of Zelensky and chief adviser of the office of the president of Ukraine, said on the 17th that Ukrainian President Zelensky may meet with Russian President Vladimir Putin “in the next few weeks”.
Second, according to the information from Shanghai Customs, at 22:30 on March 17, 21200 boxes of imported covid-19 virus treatment drug “paxlovid” were inspected and released by the customs of Shanghai Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) Free Trade Zone, all import customs clearance procedures were completed and rushed to the first line of national anti epidemic.
These two news can eliminate the impact of peripheral markets to a certain extent, and can also digest the negative impact of the epidemic on the mainland economy to a certain extent.
heavyweights diving late
During the closing period on March 18, the large orders suddenly topped, and the late collective bidding of several heavyweights such as Contemporary Amperex Technology Co.Limited(300750) , Bank Of Ningbo Co.Ltd(002142) , Postal Savings Bank Of China Co.Ltd(601658) , Industrial And Commercial Bank Of China Limited(601398) , China Merchants Securities Co.Ltd(600999) , Kweichow Moutai Co.Ltd(600519) , etc. plunged. Among them, more than 20000 orders were sold at the last moment of Contemporary Amperex Technology Co.Limited(300750) , with a market value of more than 1 billion.
Last month, FTSE Russell announced the quarterly review results of its flagship index in February 2022. 102 listed companies in A-Shares were included in the index, and the list of large, medium and small cap stocks also entered and exited each other. It is worth mentioning that China Life Insurance Company Limited(601628) a shares were not reduced to medium cap stocks like many other large cap stocks, but directly removed from the list of FTSE global stock index China Life Insurance Company Limited(601628) at the last moment, 334 million yuan was also smashed.
According to the announcement of the review results, its flagship index, the FTSE global stock index series (hereinafter referred to as FTSE GEIs), this time included 102 Chinese A shares, including 26 large cap a shares, 4 medium cap A-Shares and 72 small cap a shares. In addition, some previously included A-share targets have been classified and adjusted due to changes in market value. The above changes will take effect after the closing on March 18 (before the opening on March 21).
Since March this year, foreign investors have continued to sell a shares, which has also triggered some concerns in the market. However, judging from the layout of FTSE Russell, the withdrawal of foreign capital may only be short-lived. In terms of the impact on the market, the funds that come in and go out today are basically passive funds, and some active funds will be driven in later. From the previous rhythm, the sale of passive funds will not affect the final trend of the stock price, and the relevant stocks will soon return to the original rhythm.
Good news from Russia
in fact, the market is most worried about the situation in Russia and Ukraine. Judging from the current trend, there are more and more good news
According to “Russia today” (RT) quoted by globegroup.com, Mikhail podoliyak, an assistant of Zelensky and chief adviser of the office of the president of Ukraine, said on the 17th that Ukrainian President Zelensky may meet with Russian President Vladimir Putin “in the next few weeks”. However, he also said that the two sides could hold a meeting only after the “peace agreement” was signed between Kiev and Moscow.
“Once the agreement is completed, we will start organizing this meeting. This will happen in the next few weeks. However, the location is not important to us. It can be anywhere except in Russia.” Podoliyak told the Polish portal wirtualna Polska.
According to reports, podoliyak also said that it may take some time to finalize the peace agreement, ranging from a few days to a week and a half. He also admitted that both Ukraine and Russia are “sticking to their views”. “The immediate withdrawal of Russian troops is one of the key aspects of the peace agreement. However, the negotiation is a large-scale process, involving not only Russia and Ukraine. Poland and other countries are also involved. This is not just signing the agreement. We hope to develop specific mechanisms to ensure our security in the future.” Podoliac explained. Rt said podoliyak hinted that even an agreement would not mean the end of the Russian Ukrainian conflict. “The signing of the peace agreement can only end the active period of the conflict… But I doubt that the war will end here for the Ukrainians. After all, we have never experienced it,” he said
From the perspective of NATO’s attitude, two points can be made clear: first, Ukraine is unlikely to join NATO in the medium and short term; Second, NATO will not go to war with Russia in Ukraine. On the 17th, NATO Prime Minister stoltenz met with German Secretary General stoltenz in Berlin. At the joint press conference before the talks, Scholtz and Stoltenberg both reiterated that NATO would not intervene militarily in the conflict in Ukraine. This may also be the main reason why Zelensky wants to reach peace.
covid-19 oral medicine also came
According to the surging news, it was learned from Shanghai customs that at 22:30 on March 17, 21200 boxes of imported covid-19 virus treatment drug “pamatovir / ritonavir tablets” (paxlovid) were inspected and released by the customs of Shanghai Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) Free Trade Zone, all import customs clearance procedures were completed and rushed to the front line of national anti epidemic. This is the first batch of imports since the drug was included in the latest covid-19 pneumonia diagnosis and treatment program.
Hu Xiaoming, deputy director of the general affairs department of Shanghai Customs, said that the goods entered from the port of Pudong airport. They connect with enterprises in advance to understand the import of goods, formulate and start the whole process customs clearance guarantee plan, and guide enterprises to adopt the “declaration in advance” mode.
After the goods arrive at Pudong Airport, they are immediately lifted off and transferred to Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) bonded zone, which provides a valuable time “advance” for enterprises to apply for import and distribute shipment.
The efficacy of Pfizer oral medicine is also significant. On November 5 last year, Pfizer announced that oral antiviral therapy under development significantly reduced the risk of hospitalization and death of covid-19 patients in the phase 2 / 3 clinical trial. Compared with the placebo group, the specific drug reduced the risk of hospitalization or death of mild patients by 89%.
In addition, on March 17, 2022, the Geneva pharmaceutical patent pool (MPP) announced that it had signed agreements with 35 pharmaceutical companies to allow them to produce nimatrilvir API or preparation, one of the components of Pfizer covid-19 oral drug paxlovid. Including 5 Chinese enterprises, namely Shanghai desaino, Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) , Apeloa Pharmaceutical Co.Ltd(000739) , Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) , Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) . Kyushu pharmaceutical only produces APIs, Apeloa Pharmaceutical Co.Ltd(000739) , Shanghai Desano, Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) and Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) can produce APIs and preparations at the same time.
With the entry of covid-19 oral medicine, it can alleviate the market’s expectation of the impact of the epidemic on the economy and is also conducive to the further interpretation of the market
Bet on the weekend? A shares soared and foreign capital increased positions by more than 8 billion! Ningwang postal savings late dive!
FTSE Russell index position adjustment Contemporary Amperex Technology Co.Limited(300750) and other heavyweights diving in late day call auction
