dazhong.com · poster reporter Shen Tong reporting from Jinan
On March 18, the A-share market continued to rebound and achieved three consecutive positive results. Northbound funds bought a large amount of 8.457 billion yuan in a single day, and the net purchase amount of the last three minutes of call auction exceeded 2 billion yuan. In addition to FTSE Russell's position adjustment, the funds fled in the early stage may begin to make up. As of the closing on March 18, the Shanghai index rose 1.12%, the Shenzhen Composite Index rose 0.31% and the gem index rose 0.11%. The sectors still showed a general upward trend, only a few sectors fell slightly, and the trading limit of individual stocks broke through 100 again. It is worth noting that as of the closing, the turnover on the 18th had shrunk by nearly 300 billion yuan compared with the previous trading day.
real estate and coal led the rise, leading medicine began to weaken, and funds remained cautious
Specifically, in terms of industry, dajijian and dafinance dominated the market respectively in the first and second half of the 18th. Among them, the rise of dafinance was relatively sudden in the afternoon, and the leading sector was not securities companies and sub new banks, but insurance stocks that had fallen unilaterally for a long time. Then there was a violent pull in real estate stocks, and the leading sector Poly Developments And Holdings Group Co.Ltd(600048) pulled the daily limit from the flat market to approach the historical high again.
(the overall rise of the real estate sector exceeded 4%)
Wind data showed that coal and real estate sectors rose by more than 4%, leading the rise sharply; Building decoration, agriculture, forestry, animal husbandry and fishery, banking, comprehensive, building materials, non bank finance and other sectors all increased by more than 2%. In particular, the real estate sector rose strongly in the afternoon, Yango Group Co.Ltd(000671) , Rongan Property Co.Ltd(000517) , Suzhou New District Hi-Tech Industrial Co.Ltd(600736) , Tianjin Tianbao Infrastructure Co.Ltd(000965) , Seazen Holdings Co.Ltd(601155) , Hainan Yatai Industrial Developent Co.Ltd(000691) , Poly Developments And Holdings Group Co.Ltd(600048) .More than 10 stocks, including , Macrolink Culturaltainment Development Co.Ltd(000620) , Gemdale Corporation(600383) , Sundy Land Investment Co.Ltd(600077) , Sichuan Languang Development Co.Ltd(600466) and so on, rose.
(real estate and coal sectors led the rise)
In terms of subject matter, as more and more company products are included in covid-19 diagnosis and treatment scheme, the marginal diminishing effect is prominent. Opening Apeloa Pharmaceutical Co.Ltd(000739) , Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) and other relatively large market capitalization pharmaceutical stocks showed positive cashing, and the diving Bureau was in collapse mood. Although the leader China Meheco Group Co.Ltd(600056) forcibly closed the board and accepted 10 boards on the 13th, the sector effect has begun to weaken.
At the same time, the performance of foreign capital also affects the market emotionally. At the end of the trading, due to the effect of the quarterly adjustment of FTSE Russell constituent stocks, some large market constituent stocks fluctuated sharply again, but the overall foreign investment was still dominated by net purchase, and the purchase difference between Shanghai and Shenzhen Stock connect reached a new high in the year. From the afternoon trading situation on the 18th, many funds began to expect heavy positive news over the weekend.
More than half of the market in March, the weekly lines of the three major indexes continued to close down the long shadow line, and the market volatility increased significantly. Today, although the market rose again, the volume has narrowed significantly compared with the previous two days, and large funds are more cautious near the pressure level above the index.
This can also be seen from the two financial balances. As of Thursday (March 17), the balance of margin trading and securities lending of A-Shares was 1686235 billion yuan, a decrease of 2.2 billion yuan from 1688435 billion yuan on the previous trading day. From the change trend of the balance of the two financial institutions, although the market rose sharply on Wednesday and Thursday, the balance of the two financial institutions fell against the market, which may reflect that some funds remain cautious about the future market trend.
Shanxi Securities Co.Ltd(002500) said that the bottom of the market is gradually emerging. It is suggested to pay attention to the allocation opportunities formed after the oversold in a relatively cautious manner, focus on the market value and growth style of the market, 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.
rebound does not mean reversal
For the market grasp after the rebound, most institutions have a positive attitude towards the future market.
Zhongtai Securities Co.Ltd(600918) latest strategy report "how to grasp the opportunity of oversold layout?" It is pointed out that in terms of style, the investment opportunity of undervalued blue chip is still the most stable main line of the market.
Shanxi Securities Co.Ltd(002500) believes that the bottom of the market is gradually emerging. It is suggested to pay attention to the allocation opportunities formed after the oversold in a relatively cautious manner, focus on the market value and growth style of the market, 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.
China Industrial Securities Co.Ltd(601377) pointed out that at present, 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 has 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, the most panic time is in the past, and the market is expected to usher in a phased repair window in the next month.
Huaxin Securities believes that the rebound does not mean reversal. The subsequent trend must be analyzed in combination with the fundamentals, which is mostly a 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.
