after two consecutive days of sharp rebound, A-Shares fluctuated slightly in early trading today, and the main stock indexes rose and fell. The Shanghai Stock Index fluctuated slightly around yesterday’s closing point, while the gem index and Kechuang 50 index fell by more than 1%
In addition, two of the three new shares listed today broke, namely n navigation and N Wright. Among them, n Wright fell nearly 20% at the opening, which shows that the market is still weak, and the sustainability of the market rebound remains to be seen.
On the surface, energy shares pulled up, and coal, electricity, natural gas and oil were among the top sectors, with electronic identity cards, electrical equipment, aviation, Baijiu and other sectors falling. The net capital inflow from going north was 897 million yuan.
For stocks, Sundy Land Investment Co.Ltd(600077) increased the limit again, and 10 limits were recorded within 14 trading days, with a cumulative increase of 120.74% and a cumulative turnover rate of 96.46%
In terms of Hong Kong stocks, the Hang Seng technology index fell 5%, BiliBili fell more than 16%, JD group fell more than 8% and Netease fell more than 7%.
energy stocks strengthened collectively
Due to the conflict between Russia and Ukraine and other factors, the international energy market has fluctuated sharply recently. Overnight New York light crude oil futures rose $7.94 to close at $102.98 a barrel, or 8.35%; London Brent crude oil futures rose $8.62, or 8.79%, to close at $106.64 a barrel.
Today, the main crude oil contracts of the exchange in the previous period also opened higher and rose by more than 8%, the main contracts of low sulfur oil rose by more than 10%, and related varieties such as fuel oil, liquefied gas and asphalt also rose sharply. Driven by the sharp rise in oil prices, the main energy contracts such as coking coal, coke and power coal also rose in early trading.
morning trading, the A-share energy sector rose collectively. The oil sector opened higher in volume, and the sector index once rose by more than 2%, rising for the third consecutive day, Maoming Petro-Chemical Shihua Co.Ltd(000637) and other gains LED; The coal sector index rose by nearly 4% at one time, with strong limits of Liaoning Energy Industry Co.Ltd(600758) , Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) and so on; Electricity stocks of secondary energy also strengthened significantly in early trading, and the sector index also rose by more than 2%. Many stocks such as Hunan Chendian International Development Co.Ltd(600969) , China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) , etc. rose by the limit
With the rapid development of industries with more high-tech content and core competitiveness, such as high-tech and equipment manufacturing industry, information transmission and Internet service industry, these industries not only have high economic added value, but also have the characteristics of high energy consumption and high power consumption. Emerging industries have become one of the core forces of power consumption growth in the whole society, driving the upward elasticity of power consumption.
China’s energy resource characteristics of “rich coal, poor oil and less gas” determine the absolute dominant position of coal in China’s energy and power. Thermal power accounts for about 70% of the power generation of the whole society. Considering the bright prospect of new energy development, but it needs a long time cycle, it still accounts for a very low proportion in the power and energy structure (the proportion of power generation in 2021 is just over 10%), Therefore, the high increase of power consumption will form a strong support for the continuous growth of coal demand, and the continuous higher than expected growth of power demand will drive the continuous higher than expected growth of coal consumption.
In addition, due to geopolitical and weather factors, coal has once again become the main source of electricity in Germany. According to the data released by the German Federal Bureau of statistics on the 17th, the share of traditional energy such as coal, natural gas and nuclear power in total power generation increased from 52.9% in 2020 to 57.6% in 2021, while the share of renewable energy such as wind power decreased from 47.1% in 2020 to 42.4% in 2021.
Cinda Securities said that based on the analysis of emerging industries and residents’ domestic power consumption, and combined with the trend of China’s power consumption elasticity coefficient in the past 10 years, it is expected that China’s total social power consumption will increase by 5.5% – 6.5% under the assumption of GDP growth of 5% – 5.5% from 2022 to 2025, and the total social power consumption will be 10.30-10.69 trillion kwh in 2025. Therefore, the high increase of power consumption will form a strong support for the continuous growth of coal demand, and the continuous higher than expected growth of power demand will drive the continuous higher than expected growth of coal consumption. At the same time, as the power load on the power consumption side rises, the volatility increases, and the proportion of unstable power sources such as wind, light and hydropower increases, the regulation capacity and peak capacity value of coal power will gradually highlight, maintaining the “optimistic” rating of coal and power industry.
policy frequent warm air and upper air outlet of building energy saving station
building energy conservation sector opened rapidly in the morning, with the sector index rising by more than 1%. Jiangsu Jingxue Insulation Technology Co.Ltd(301010) rose sharply within 2 minutes after opening high, with a strong 20% limit. The stock price reached a new high in the year, which is its second consecutive limit Zhejiang Kaier New Materials Co.Ltd(300234) , Ningbo Xianfeng New Material Co.Ltd(300163) , Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) also increased by 20%, and Sinoma Energy Conservation Ltd(603126) , Beijing Kingfore Hv & Energy Conservation Technology Co.Ltd(001210) , etc. increased by more than 10%. The manufacturers of traditional energy-saving building materials such as Wuhu Conch Profiles And Science Co.Ltd(000619) , Luoyang Northglass Technology Co.Ltd(002613) , etc. also rose strongly, and Suzhou Yangtze New Materials Co.Ltd(002652) , Sinostone(Guangdong) Co.Ltd(001212) , etc. followed.
The general code for building energy conservation and renewable energy utilization will be implemented on April 1. The code requires that the feasibility study report, building scheme and preliminary design documents of the construction project should include the analysis report on building energy consumption, renewable energy utilization and building carbon emission, in which there are clear mandatory standards for carbon emission intensity, with an average reduction of more than 7kgco2 (M2 · a).
Earlier, the “14th five year plan for building energy efficiency and green building development” issued by the Ministry of housing and urban rural development also proposed that by 2025, the energy-saving transformation area of existing buildings will be more than 350 million square meters, the construction of ultra-low energy consumption and near zero energy consumption buildings will be more than 50 million square meters, the proportion of prefabricated buildings in new urban buildings in that year will reach 30%, and the installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic buildings in China will be more than 50 million KW, Geothermal energy has a building application area of more than 100 million square meters, the replacement rate of renewable energy in urban buildings has reached 8%, and the proportion of power consumption in building energy consumption has exceeded 55%.
Under the background of the government’s “double lane planning” and the gradual improvement of the people’s demand for building energy conservation, it means that the government has paid more and more attention to the improvement of building quality and living environment. Building energy conservation, building photovoltaic and other fields are important starting points of building energy conservation policy. Driven by the policy, there is a large growth space and is expected to usher in the improvement of prosperity.
