Market review: the rise and fall in the afternoon, led by iron and steel of real estate coal bank
Today, the Shanghai and Shenzhen index fluctuated in the morning and rose and fell in the afternoon. As of the close, the Shanghai index rose 0.19% to 325986, the Shenzhen index fell 0.49% to 1231878, and the gem index fell 1.39% to 268823. Shanghai Stock Exchange 50 rose 0.3%, while China Stock Exchange 1000 fell 0.45%. In terms of sectors, real estate (3.5%), coal (3.12%) and banks (1.83%) led the increase, while medicine and Biology (- 2.41%), power equipment (- 1.68%) and social services (- 1.48%) led the decrease. The turnover of the two cities was 962796 billion yuan, a decrease of 5.16% compared with the previous trading day and 14.00% compared with the average value of the previous five days. Northbound funds sold a small net 922 million yuan throughout the day, including 357 million yuan for Shanghai Stock connect and 565 million yuan for Shenzhen Stock connect.
Market focus:
According to China Central Television News, on the afternoon of the 21st local time, the Saudi Foreign Ministry issued a written statement saying that under the background of the continuous armed attacks on oil facilities in Saudi Arabia by Yemeni Hussein, Saudi Arabia will not be responsible for any oil shortage in the international energy market. On March 21, a new round of EU foreign ministers' meeting was held in Brussels, the capital of Belgium. The foreign ministers of EU members will discuss the possible fifth round of sanctions against Russia, of which whether to implement an energy embargo against Russia is the key.
Strategy suggestion: pay attention to the petrochemical service sector
Today, the Shanghai and Shenzhen index fluctuated in early trading, and the Shanghai index was stronger than the Shenzhen index. In the afternoon, heavyweights rose and fell, stronger than gem and small cap stocks, and more than 2600 stocks in the two cities fell. The net outflow of main funds was 12.343 billion yuan, with a large outflow of track stocks such as medicine and biology, new energy and intelligent manufacturing.
The market fluctuated slightly. A series of official statements last week stabilized market confidence. In terms of sectors, the performance of real estate, coal, steel, petroleum and petrochemical sectors is relatively strong today, with the highest increase. On the 16th, the CBRC held a special meeting to convey, study and implement the spirit of the meeting of the financial committee of the State Council, requiring banking and insurance institutions to actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M & A loans in a stable and orderly manner, focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises, and promote the virtuous circle and healthy development of the real estate industry. At the same time, the relevant person in charge of the Ministry of Finance said that there were no conditions for expanding the pilot cities of real estate tax reform this year. Signs of improvement in the upstream and downstream of the real estate industry deserve attention. In the petrochemical services sector, international oil prices rose sharply due to the tension in the Middle East, the conflict between Russia and Ukraine and the consideration of the European Union's oil embargo on Russia. Wind data showed that the US oil contract in May and the oil distribution contract in June both rose by more than 3%. IEA expects that Russia may reduce its oil production by 3 million barrels per day from April, and the supply side lacks support for substantial increase in production. It is expected that the oil price will fluctuate at a high price. It is suggested to track the impact of oil price changes on the petrochemical services sector.
Risk tip: the macro-economy is less than expected, the national epidemic is more than expected, and the geopolitical risk is intensified.
