After days of rebound, today’s (March 18) morning trading of A-Shares ushered in a shock rest. After the low opening of Shanghai and Shenzhen markets, it ushered in the differentiation pattern of strong Shanghai and weak Shenzhen; With the large financial support, the stock index was driven to rise and strengthen, forming a tail raising market. So far, since the second half of the week, the two cities have rebounded continuously and ushered in three consecutive positive days.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 1.12% to 325107 points; The Shenzhen Composite Index rose 0.31% to 1232865; The gem index rose 0.11% to 271379.
From the disk point of view, the industry and concept sectors rose more or fell less, and the local profit-making effect is prominent. In terms of industry, coal, decoration, insurance, electric power, real estate, biological products, traditional Chinese medicine, agriculture, animal husbandry, feeding and fishing, engineering construction, decoration and building materials, environmental protection and other sectors increased higher; In terms of theme stocks, longevity drugs, assembly buildings, rental and sale of the same rights, online tourism, photovoltaic buildings, green power, pumped storage, shale gas and other sectors led the gains.
In terms of funds, the central bank announced on March 18 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 30 billion yuan reverse repurchase operation by means of interest rate bidding on March 18, 2022, with a bid winning interest rate of 2.1%. As 10 billion yuan of reverse repo expired today, the people’s Bank of China realized a net investment of 20 billion yuan in the open market.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top ten net inflow
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the website of the Ministry of finance, the stamp duty from January to February was 113.7 billion yuan, a year-on-year increase of 13.3%. Among them, the stamp duty on securities transactions was 73.7 billion yuan, a year-on-year increase of 10.7%.
2. According to the website of the CSRC, promoting the healthy development of infrastructure REITs is an important deployment made in the 14th five year plan. It is of great significance to effectively revitalize stock assets, innovate investment and financing mechanisms, broaden equity financing channels, and enhance the ability of the capital market to serve the real economy. At present, the CSRC is working with relevant ministries and commissions to further promote the pilot of infrastructure REITs, improve the system and mechanism, broaden the scope of the pilot, give better play to the functional role of public offering REITs, further promote the virtuous cycle of investment and financing and help the development of the real economy.
3. According to the website of the national development and Reform Commission, in order to further do a good job in the signing and performance of medium and long-term coal contracts, standardize the signing behavior, sign sufficient and firm contracts, supervise and urge strict performance, and ensure the stable and reliable supply of coal for power generation and heating, the national development and Reform Commission recently issued a notice and called an mobilization deployment meeting to arrange for special verification of the signing and performance of medium and long-term coal contracts by local and central enterprises in 2022.
4. According to surging news reports, on March 18, Yao Bo, CO CEO and CFO of Ping An Insurance (Group) Company Of China Ltd(601318) said at the performance press conference of Ping An Insurance (Group) Company Of China Ltd(601318) 2021 that the decline of Ping An Insurance (Group) Company Of China Ltd(601318) share price in the past year was affected by certain external factors, as well as the cyclical transformation of life insurance industry. Overall, Ping An’s management will still focus on operation and do a good job in fundamentals. Ping An’s strategy is clear, its business foundation is relatively stable, and it also has a relatively excellent management team. All work is being promoted continuously and stably.
institutional views
For the current market, Rongwei securities mentioned that in the afternoon, after the joint attack of financial, real estate, coal and other heavyweight sectors, individual stocks rebounded in a large area, and the market took another key step, and the periodic rebound will gradually unfold. Under the protection of the policy bottom, large funds in the market are also scrambling to raise low-cost chips at a low level. It is suggested to increase positions on bargain hunting and oversold stocks with undervalued value with reference to the performance of the annual report.
Central China Securities Co.Ltd(601375) previously pointed out that the stock index is expected to rise steadily with the continuous entry of incremental funds after the phased low point of the stock index has been proved recently. It is suggested to continue to pay attention to the changes of policy, capital and external market.
Guoyuan Securities Company Limited(000728) pointed out that the risks are gradually relieved, confidence is regained, attention is paid to short-term opportunities, and patience is waiting for the continuous layout of policies. Looking forward to the future, the uncertainty still exists, but the recent risks are gradually relieved. The official voice maintains stability and confidence, and the positive factors are expected to dominate the short-term repair and upward of the market. The above positive short-term is still effective, the policy force has not stalled, regaining confidence and waiting for a sustainable layout.
Wanlian Securities said that from the perspective of the policy tone, the meeting of the financial stability Commission sent a “reassurance” to the market. Under the protection of the policy, the long-term trend of China’s healthy economic development is safe and the confidence of the capital market is enhanced;
From the perspective of liquidity, the macro liquidity is stable and loose, the capital in the A-share market is abundant, and the early capital outflow is more due to the deterioration of mood under the resonance fermentation of a variety of negative factors, and there is no “money shortage” in the market;
From the perspective of valuation, the current P / E ratios of CSI 300 and CSI 500 are about 11.5 times and 15.8 times respectively, close to the bottom area in early 2019;
From the perspective of technological form, the short-term unilateral downward adjustment has been more complete, and the probability of continuous sell-off has been greatly reduced. A shares will enter a technical window period boosted by factors such as the sustained development of steady growth policies, ample liquidity, the decline of valuation to a low level and the continued promotion of industrial support.
The institution further put forward suggestions and looked for investment opportunities along the ideas of the meeting of the financial committee: (1) the steady growth policy continued to work, the monetary policy was positive and promising, the regulation of real estate was slightly loose, and attention was paid to the opportunities of infrastructure, finance and real estate sectors; (2) China concept stocks rebounded sharply, paying attention to the oversold rebound opportunities of growth sectors such as technology and platform economy; (3) The valuation is fully adjusted and the P / E ratio is at a historical low in the sectors of machinery and equipment, communication, transportation, textile and clothing.
