Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index rose 0.08% to close at 325369 points; The Shenzhen Component Index rose 0.41% to close at 1237964; The gem index rose 0.46% to close at 272618.
[industry tracking] industry: 19 industries rose and 11 industries fell. Among them, coal, agriculture, forestry, animal husbandry and fishery, and comprehensive sectors led the increase, with increases of 2.66%, 2.57% and 2.21% respectively; Non bank finance, banking, building materials and other sectors led the decline, with a decline of – 1.72%, – 1.42% and – 0.65%.
Comments
The coal sector increased significantly. On March 18, it was reported on the official website of the national development and Reform Commission that recently issued a notice and held a mobilization and deployment meeting to arrange for the recent special verification of the signing and performance of medium and long-term coal contracts by local and central enterprises in 2022, so as to standardize the signing behavior of contracts, sign enough contracts and supervise the strict performance of 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. Generally speaking, the signing of medium and long-term contracts is conducive to ensuring the long-term profits of coal enterprises. Under the catalysis of the news, the coal sector strengthened. In terms of individual stocks, Shanxi Coking Coal Energy Group Co.Ltd(000983) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Shanxi Coal International Energy Group Co.Ltd(600546) rose by 5.60%, 5.11% and 4.90% respectively.
Agriculture, forestry, animal husbandry and fishery sector led the increase, mainly led by the direction of planting industry. At the news level, on March 20, the Ministry of agriculture and rural areas issued the notice on the prevention and control of covid-19 pneumonia in rural areas; At the market level, the Shenzhen Agricultural Products Group Co.Ltd(000061) price is high under the conflict between Russia and Ukraine, among which the futures prices of wheat, soybean meal and other varieties are at a historical high, and the profits of relevant enterprises are expected to be good; At the policy level, Rural Revitalization and food security are the focus of the two sessions, and relevant policies are expected to continue to be promoted. In terms of individual stocks, Heilongjiang Agriculture Company Limited(600598) , Xinjiang Talimu Agriculture Development Co.Ltd(600359) , Wanxiang Doneed Co.Ltd(600371) and other individual stocks rose by the limit.
Covid-19 treatment concept sector strengthened. Recently, the international pharmaceutical patent pool organization announced that 35 companies around the world were authorized to copy the API or preparation and final combination products of nimatovir, an important component of Pfizer covid-19 oral drug paxlovid, and five Chinese enterprises were selected. Under the repeated global epidemic, paxloid is expected to have a large demand, and there are certain opportunities for APIs and intermediates in the relevant industrial chain. In terms of individual stocks, Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) , China Meheco Group Co.Ltd(600056) , Apeloa Pharmaceutical Co.Ltd(000739) and other individual stocks rose by the limit.
Outlook
Today, the three major indexes fluctuated in a narrow range, with a net outflow of 8.419 billion yuan from the north. In the medium and long term, the meeting of the financial committee and the China US dollar summit dialogue have eased the market’s concerns about policies. The tone of “steady growth” remains unchanged this year, and the policy level will constitute a basic support for China’s economy; However, in the short term, high commodity prices, repeated global epidemics and continuous conflicts between Russia and Ukraine will cause short-term disturbance to the market. It is suggested to pay attention to commodities, agriculture, high-end manufacturing and other directions.
Risk warning: the profit of the enterprise is less than expected; Increased volatility in overseas markets; Systemic risk
