After two consecutive days of rebound, on Friday, after the shock of the three major stock indexes, the whole line turned red, but the volume could shrink, and the transaction amount was below the trillion yuan mark. With the boost of policies and the recovery of market sentiment, has A-share bottomed out? How to grasp the current investment opportunity?
On March 18, the three major A-share indexes fluctuated and strengthened. As of the closing, the Shanghai index rose 1.12%, the Shenzhen Component Index rose 0.31% and the gem index rose 0.11%; Stocks in Shanghai and Shenzhen stock markets rose more and fell less, with a total turnover of 990.5 billion yuan and a net purchase of 8.457 billion yuan from the north. This week, the Shanghai Composite Index fell by 1.77%, the Shenzhen composite index fell by 0.95% and the gem index rose by 1.81%. Specifically, the building energy conservation sector led the rise, and 17 stocks such as Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) , construction research and design collectively rose by the limit; NMN concept, low radiation glass, coal mining and processing, prefabricated buildings, coal concept, rental and sale rights and other sectors were active; Electronic ID card sector led the decline, with Hongmeng concept, wechat applet, digital currency and other sectors leading the decline. Today, Wright optoelectronics landed on the Kechuang board, down 13.83%; Science and technology navigation landed on the science and innovation board, down 15.04%. Kangguan technology landed on the main board of Shenzhen Stock Exchange, up 27.74%. 38 stocks rose on the Beijing stock exchange today, with Xujie technology, senxuan medicine and Tongxin transmission among the top three.
On Friday (March 18), the three major A-share indexes continued to rise in shock. As of the close, the Shanghai Composite Index rose 1.12% to 325107 points, the Shenzhen Composite Index rose 0.31% to 1232865 points, and the gem index rose 0.11% to 271379 points; The total turnover of Shanghai and Shenzhen stock markets was 990.5 billion yuan, and the net purchase of funds from the North was 8.457 billion yuan. Looking back at the major indexes on Wednesday, the Shanghai Composite Index fell by 1.77%, the Shenzhen composite index fell by 0.95% and the gem index rose by 1.81%.
In terms of individual stocks, on Friday, individual stocks in the A-share market generally rose, with a total of 3478 stocks rising. It is noteworthy that on Friday, 130 stocks closed at the daily limit, and only 3 stocks fell by the limit.
Friday (March 18): trading limit of individual stocks: p align = “center” tabulation: Zhang Ying
For the trend after the stabilization and rebound of a shares, institutions generally said that the market uncertainty in the later stage still exists, but it is generally optimistic that the short-term market will face a better long opportunity.
Guosheng Securities believes that there may not be a “market bottom” in the future market. 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 fluctuations in the way of advance, two retreat and one retreat. In terms of strategy, focus 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.
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, and the resumption of confidence needs to be continued.
At the same time, funds, private placement and other institutions also expressed optimistic views on the future market. Lang Chengcheng, general manager of the research department of Furong fund, believes that the special meeting of the financial commission of the State Council and the statements of the five ministries and commissions to boost confidence, combined with the internal and external reassurances of the overnight market rebound, is expected to stimulate the long-standing strength of A-share savings, and the short-term optimism is expected to be strengthened, but the follow-up needs to pay attention to the introduction and implementation of relevant policies. For the issue of raising interest rates, the Federal Reserve has made sufficient expectation management in advance, and the market has digested it. After the continuous adjustment and the most panic point since the beginning of the year, the market will usher in a wave of repair window.
Xia Fengguang, manager of Rongzhi investment fund under private placement paipai.com, said that the market has formed a single needle bottom trend this week, financial stability will become a watershed, the trading volume will also be enlarged to a certain extent, and foreign capital will return significantly. The outlook is optimistic. It is expected that the market bottom will be gradually constructed and completed. First, the current valuation of A-Shares is low, which is similar to the single bottom form of the last three times. Second, we have confidence in the implementation of the credit easing policy, especially after the meeting of the Finance Committee. The short-term market will face a better time to do long window.
Hao Xinming, manager of Fangxin wealth investment fund, believes that the market has continued the rebound trend today. After three days of rebound, some profit chips have been accumulated, and the momentum of continued upward attack has weakened. Therefore, the trading volume has also shrunk. The power of financial real estate has played a role in promoting the index, while the track stocks have taken a temporary rest. This alternating rising rhythm is conducive to the more comprehensive development of the market rebound, In the short-term shock, you can actively absorb low and throw high decisively. If the middle line has not changed the downward trend, you should still be cautious.
In terms of specific hot spots, on Friday, the building energy conservation sector led the rise, and 17 stocks such as Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) , construction research and design collectively rose by the limit; NMN concept, low radiation glass, coal mining and processing, prefabricated buildings, coal concept, rental and sale rights and other sectors were active; Electronic ID card sector led the decline, with Hongmeng concept, wechat applet, digital currency and other sectors leading the decline.
hot spot I: the rise of coal and oil soared by nearly 5%
In the morning trading on March 18, coal stocks continued to rise, leading the two cities. As of the close, the coal and oil sector rose 4.83%. Among them, Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) opened for 10 minutes and rose to the daily limit. As of the closing, 120000 hands still paid to seal the daily limit, and Liaoning Energy Industry Co.Ltd(600758) also closed at the daily limit. In addition, Anhui Hengyuan Coal Industry And Electricity Power Co.Ltd(600971) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) and other individual stocks rose by more than 7%.
On the news front, the national development and Reform Commission released a news today to deploy the special verification of the signing and performance of medium and long-term coal contracts. The notice requires that the number of medium and long-term contracts signed by coal enterprises should reach more than 80% of their own resources, and the annual coal consumption of power generation and heating enterprises should achieve full coverage of medium and long-term supply and demand contracts. Each medium and long-term coal contract must specify the price level or the implementation price mechanism within a reasonable range.
According to the analysis of Guosheng securities, China will still be based on the basic national conditions dominated by coal, and traditional energy will not withdraw too soon. Under the background of limited space for tapping the potential of new production capacity and stock, the rise of coal price center will contribute to the stable release of coal enterprise performance and valuation repair. In addition, China Shipbuilding Industry Group Power Co.Ltd(600482) coal, coking coal and coke prices are all global price depressions, and the upside down of prices will significantly affect China’s import volume. Even there is export arbitrage space for some varieties after processing finished products, which will form a strong support for China’s coal prices.
hot spot 2: building concept stocks stand at the upper air outlet and 21 shares rise in batches
Affected by the good news, architectural concept stocks stood at the air outlet.
As of Friday’s closing, green building (8.04%), design consulting (5.73%), assembly building (4.75%) and other sub sectors had the highest gains, making a sudden rise and setting off a wave of limit trading. Among them, 21 stocks in the green building sector rose by the limit in batches, and 6 stocks including Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) , Zhejiang Kaier New Materials Co.Ltd(300234) , construction and research design, Hualan Group Co.Ltd(301027) , Jiangsu Jingxue Insulation Technology Co.Ltd(301010) , Ningbo Xianfeng New Material Co.Ltd(300163) rose by 20%.
It is noteworthy that the Zhejiang Construction Investment Group Co.Ltd(002761) 6 day 5 board has increased by 386.21% in recent 25 trading days Jiangsu Jingxue Insulation Technology Co.Ltd(301010) again closed at the 20cm limit, with a cumulative increase of 58.21% in the past three trading days.
According to the news, the Ministry of housing and urban rural development recently issued the notice on the science and technology development plan for housing and urban rural construction in the 14th five year plan, which requires that by 2025, the country will complete the energy-saving area of existing buildings of more than 350 million square meters, build ultra-low energy consumption and nearly zero energy consumption buildings of more than 50 million square meters, the proportion of prefabricated buildings in new urban buildings in that year will reach 30%, and the photovoltaic installed capacity of new buildings in the country will reach more than 50gw.
In this regard, Soochow Securities Co.Ltd(601555) suggests paying attention to the investment opportunities of the construction sector from three directions. 1) Steady growth continues to increase, and we are optimistic about the valuation repair opportunities under the recovery of the infrastructure chain. The boom recovery of infrastructure investment demand is sustainable. It is suggested to pay attention to the continuous repair opportunities for the valuation of leading infrastructure enterprises with historically low valuation and stable performance. It is suggested to pay attention to China Railway Group Limited(601390) , China Railway Construction Corporation Limited(601186) , China Communications Construction Company Limited(601800) , Jsti Group(300284) , etc. 2) There are bright spots in the demand structure and investment opportunities under the incremental development of new businesses: with the promotion of policies such as double carbon strategy and green and energy-saving buildings, the prosperity of fabricated buildings, energy conservation and carbon reduction and infrastructure segments related to new energy is high, and enterprises with relevant transformation layout are expected to benefit. 3) Reform direction of state-owned enterprises: 2022 is the end of the three-year action of state-owned enterprise reform. It is expected that while the reform of state-owned enterprises is advancing steadily, the previous reform dividends in corporate governance structure, strengthening incentives, mixed reform and improving efficiency and stimulating vitality are expected to enter the release period. It is suggested to pay attention to the directions of performance improvement with cost reduction and efficiency increase, new business transformation and layout and asset reorganization, and Sichuan Road & Bridge Co.Ltd(600039) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Shandong Hi-Speed Road&Bridge Co.Ltd(000498) Metallurgical Corporation Of China Ltd(601618) etc.
