Last week, the A-share market was first depressed and then raised. The Shanghai stock index hit the bottom and rebounded after dropping 3023.3 points on March 16. The three major indexes rose sharply in the last three trading days. At the same time, the net inflow of northbound funds was 5.365 billion yuan and 8.457 billion yuan on Thursday and Friday, respectively. In this regard, the seven major securities companies gave their coping strategies this week.
YueKai Securities said that at present, the strength of supporting policies has begun to increase, and the external environment has a phased easing trend. From the strength comparison between the long and short sides, many parties slowly have the energy to fight back, coupled with the current low valuation of a shares, so we can be more active in the future, layout the shock and repair the market. It is suggested to grasp the investment opportunities from the main line of policy force and performance certainty.
The company’s valuation scale has returned to the historical low point of the previous week, and the number of shares held by the company’s senior managers has been relatively narrow after the adjustment of the previous year’s valuation level, which means that the company’s valuation scale has been close to the historical low point of the previous week’s large-scale stock repurchase period, and the number of shares held by the company’s senior managers has been relatively narrow. Although there are still repeated risks in the short term, there is no need to be overly pessimistic about the future performance of a shares. In the near future, the market may be in the bottom grinding period, the trading volume may shrink, and the stage similar to the sharp decline in the early stage may have ended.
Guotai Junan Securities Co.Ltd(601211) Securities said that since March, the A-share market fluctuated violently until it stabilized and rebounded last week and entered the stage of repair and consolidation. At present, investment still needs to focus on the low-risk direction, look for investment opportunities in subdivided fields from the perspective of new and old energy reform and improving the voice of core science and technology, and be optimistic about the thematic directions such as household photovoltaic, new digital infrastructure, military / semiconductor new materials and so on.
Haitong Securities Company Limited(600837) believes that this year is similar to the volatile market in 2012 in terms of macroeconomic and stock market rise and fall cycles. Of course, the details of high and low points are different. The three negative factors that fell at the beginning of the year have changed slightly, and the steady growth is expected to drive the “pit filling” market. Follow the main line of steady growth, growth attack, such as photovoltaic wind power, data center cloud computing, and focus on financial real estate in the field of value.
China Merchants Securities Co.Ltd(600999) believes that referring to historical experience, when the excess liquidity turns positive, the growth rate of new social finance accelerates and improves, the valuation drops to a historical low, the margin of external liquidity improves, the transaction downturn, the turnover rate decreases significantly, and the K-line presents a w combination, it is mostly the signal of the bottom of the market. At present, A-Shares have gradually seen multiple bottom signals. In the future, with the accelerated improvement of new social finance, the easing of external negative factors, and the significant decline of turnover rate and transaction amount, A-Shares are expected to usher in the starting point of a new round of upward cycle.
China Securities Co.Ltd(601066) Securities said that heavy conferences such as the financial commission of the State Council were held one after another, and market confidence was restored. The medium-term view of the market has changed from cautious to neutral, and the short-term view is optimistic, but we should have reasonable expectations for the follow-up space of the rebound, focusing on the structural market.
Citic Securities Company Limited(600030) believes that internal and external anxiety factors are fully clear, and the venting of irrational emotions is over; The overall economic situation is stable, and the impact of follow-up precise epidemic control measures on the economy will gradually weaken; The implementation of overseas interest rate hikes and the conflict between Russia and Ukraine are becoming clearer, and the negative impact has been weakened; The A-share market returns to normal and grasps the resonant rising market of value growth.
