Jufeng investment adviser: A-share disk differentiation occurs, and stocks rise in turn

panel overview

On Friday morning, A-share shock callback, showing a pattern of strong Shanghai and weak Shenzhen. On the disk, decoration, engineering consulting, coal, electric power, public utilities, engineering construction, tourist hotels, decoration building materials, airports, railways and highways, environmental protection and other industries led the increase; Batteries, energy metals, wind power, real estate, semiconductors, electronic components and other small callback. In terms of theme stocks, assembly buildings, green power, online tourism, photovoltaic buildings, sponge City, Binhai New Area, vaccine cold chain, pumped storage, underground pipe network, carbon trading, tax rebate stores, etc. led the rise; Hongmeng concept, digital currency, electronic ID card, MLCC, data security, East West computing, state-owned assets cloud concept, etc. led the decline.

message surface

Ministry of industry and information technology: actively launch more policies conducive to stable growth

On March 17, Xiao Yaqing, Secretary of the Party group and Minister of the Ministry of industry and information technology, presided over a special meeting to analyze and judge the current industrial economic operation situation, study and deploy the work of promoting sustained and stable growth. The meeting stressed that the current operation of the industrial economy is facing new unstable and uncertain factors, and there are still great difficulties and challenges. The whole system should actively introduce more policies conducive to steady growth and carefully introduce contractive policies to ensure that the industrial economy operates within a reasonable range.

public offering since the resurgence of purchase tide, star fund managers are happy to watch the aftermarket

Based on the confidence in the long-term healthy and stable development of the capital market, recently, e fund, Ruiyuan, BOCOM Schroeder, Tianhong and other fund companies once again announced the self purchase of their funds. In addition, some star fund managers also made large self purchases. Qiu Dongrong, a well-known fund manager of Zhonggeng fund, announced that he would apply for Zhonggeng with a value and quality of no less than 15 million yuan. A number of fund companies have expressed distinct views and agreed that the medium and long-term allocation value of the A-share market is prominent.

many foreign-funded institutions have expressed their optimistic attitude towards the Chinese market. Goldman Sachs: it still maintains over allocation to China

Financial Associated Press, March 18 – at present, what is the view of foreign capital on the Chinese market? A number of foreign-funded institutions said that overseas funds did not withdraw from the A-share market as rumored in the market, but gradually increased their holdings and oversupplied to the Chinese market. At present, the A-share market has become attractive. We have observed some positive policy signals and can be more optimistic in the future. Goldman Sachs report shows that based on good growth targets, loose policies, extremely low valuations and low investor positions, it still remains “over matched with the Chinese market”.

Jufeng viewpoint

pre market judgment: overnight, US stocks rose for three consecutive days, crude oil and gold rose sharply, and popular Chinese stocks rose sharply. There was a correction two days later. It is expected that A-Shares will fluctuate upward, and the short-term rebound gap of A-Shares may not be covered immediately.

The three major A-share indexes collectively opened low, with the Shanghai index opening and falling by 0.25%, the Shenzhen Composite Index opening and falling by 0.55%, the gem index opening and falling by 0.65%, the oil and gas sector opening was active, and the decline of catering and electronic ID cards ranked first.

After the opening, the market released the adjustment pressure and tried to cover the gap left by Thursday. The decline of the gem index expanded to more than 1%, and the Shanghai index outperformed the Shenzhen market stimulated by the rise of coal stocks.

From a technical point of view, the market left a rebound gap on Thursday, and it is reasonable to step back on Friday. If the gap cannot be fully covered, we should consider the possibility that the market will strengthen in the short term and the gap will not be completely closed for the time being.

investment suggestions: the central bank has continuously cut reserve requirements and interest rates since December last year to release liquidity, indicating that the policy bottom has appeared; However, the construction of the market bottom is relatively complex and there is a time lag between the market bottom and the policy bottom. The pace of bottoming of A-Shares has not stopped. The meeting of the Financial Committee on March 16 and the intensive voice of multiple departments accelerated the construction of the market bottom. It is suggested to focus on three main lines: first, companies with quarterly growth exceeding expectations; Second, new and old infrastructure benefiting from steady growth; Third, aviation, airport, tourism and other sectors facing the inflection point in the post epidemic era.

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