Looking back on Thursday’s A-share market, Shanghai and Shenzhen continued the strong rebound pattern. The three major stock indexes opened higher and maintained high consolidation at the beginning of the session. With the boost of various parties, the stock index further rose in the session, but the upper offensive degree was insufficient. In the afternoon, the stock index showed signs of rising and falling, but the overall performance remained strong.
As Soochow Securities Co.Ltd(601555) mentioned, the two markets started a retaliatory oversold rebound for two consecutive days, and the Shanghai Composite Index also succeeded in covering the downward short jump gap left on Tuesday. Although the market rose and fell in the afternoon, there were still hundreds of stocks trading, and the previously depressed popularity recovered. For investors, previously some positions with low absorption can be considered to be cashed out gradually at high prices. It is not recommended to increase positions in the short term. After all, the market may have rest requirements after continuous rebound. Pay attention to controlling the trading rhythm .
Technically, Dongguan Securities pointed out that the index rose in large quantities on Thursday, and the Shanghai index recovered 3200 points, which had an excellent profit-making effect. However, after rebounding for two consecutive days, the market high has also been repeated, with the continuous promotion of active policies, it is expected that the market will continue to stabilize gradually in the future, and pay attention to the volume of energy and the changes of China’s epidemic . In terms of operation, it is recommended to focus on the layout of the middle line, and pay attention to the industries such as finance, building materials, steel, electrical equipment, TMT, etc.
Shanxi Securities Co.Ltd(002500) mentioned that the market showed an exponential rebound in the past two days, which mainly reflected that a series of official statements had played an effective role in stabilizing market confidence . The Fed’s decision to raise interest rates announced overnight has also been fully expected by the market and is now in the asset price. Compared with the previous expectation of raising interest rates by 25 ~ 50bp, 25bp is even pigeon, so it further eased the panic and strengthened market confidence.
In terms of the future market, the agency further analyzed that the bottom of market is gradually emerging. It is suggested to pay attention to the allocation opportunities formed after oversold in relative caution, focus on the market value and growth style , and continue to pay attention to the real estate, building materials and other sectors that are expected to benefit from the continuous overweight of “steady growth”, as well as high boom track stocks such as new energy and medicine.
However, Guosheng Securities believes that market may not have a “market bottom” in the future, and the winning rate above 3000 points is high. Don’t hesitate too much. The later market may not be achieved overnight, but there is still a high probability of fluctuation in the way of advance, two retreat and one strategy focuses on three directions : first, the direction of semiconductor and photovoltaic with high growth in the first quarter; Second, the new direction of infrastructure construction under steady growth; The third is the chain drugstore direction of covid-19 antigen sales.
Central China Securities Co.Ltd(601375) said that after the stock index recently found a phased low, with the continuous entry of incremental funds into the market, it is expected to promote the stock index to rise steadily, it is suggested to continue to pay attention to the changes in policy, capital and external market . It is expected that the short-term shock rise of the Shanghai index is more likely, and the short-term slight rise of the gem is more likely. Investors are advised to focus on investment opportunities in new energy, medical services, real estate, electronic components and other industries in the short term, and continue to focus on investment opportunities in undervalued blue chips in the middle line.
In addition, Huaxin securities mentioned that the resumption of the two rounds of market rescue under the extreme market in 2015 and 2018, with the direct participation of the national team, helps to improve market expectations, curb the sharp decline in the short term and rebound at the monthly level. However, the rebound does not mean a reversal. The subsequent trend must be analyzed in combination with the fundamentals. Most of them are double bottom structure . High economic growth is expected to become the standard bearer of this round of oversold rebound, which is mainly catalyzed by the return of PEG to a reasonable range, the performance of the first quarter report and the expectation of monetary easing.
Previously, China Industrial Securities Co.Ltd(601377) pointed out that as the end of China’s policy has been clear, the early easing measures have gradually taken effect, driving the economic data in February better than expected. Recently, the decision-making level still called for the “steady growth” policy on many important occasions, and the “wide currency” and “wide credit” have been increasing. At the same time, the external environment is also gradually improving. Therefore, we believe that the most panic time of is over, and the market is expected to usher in a phased repair window .
In addition, in the macro aspect, Anxin Securities said that the financial stability and Development Commission of the State Council held a special meeting to emphasize the active introduction of market-friendly policies and prudent introduction of contractionary policies, so as to maintain the long-term trend of China’s healthy economic development and jointly maintain the stable development of the capital market. We believe that this meeting is held at a very timely time, which reflects the importance that the central financial management department attaches to the stability and development of the current capital market, helps to enhance the confidence of all investors in the development of China’s economy and capital market, and stabilizes expectations .
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 have gradually eased, the official voice maintains stability and confidence, and the positive factors are expected to lead the market to repair and rise in the short term. The above positive short-term is still effective, the policy force has not stalled, regaining confidence and waiting for the continuous layout .
In terms of operational strategy, the agency further put forward suggestions and focused on the following aspects: first, the main line of steady growth is still worth choosing : specifically, it may include “new infrastructure” dominated by “wind and solar energy storage projects in the direction of new energy infrastructure construction” and 5g infrastructure and big data center projects in the direction of digital economy “, And “traditional infrastructure” focusing on “transportation, water conservancy, urban construction and some real estate industry chain related projects”. As the focus of the policy, new and old infrastructure is expected to achieve good performance under the main tone of “steady growth”;
Second, the financial sector, which is expected to benefit from the undervalued effect under the strengthening of policy expectations, the improvement of liquidity and the intensification of market fluctuations, is expected to benefit ;
third, the overall growth of science and technology still needs liquidity accumulation , but there is a rebound opportunity in this oversold, so we should pay attention to the subject with strong performance certainty under emotional repair.
