Financial Highlights
1. The LPR quotation in March was flat, resulting in the failure of the expectation of interest rate reduction, and the probability of short-term reserve requirement reduction may increase.
2. National Energy Administration: from January to February, the installed capacity of Cecep Solar Energy Co.Ltd(000591) power generation is about 320 million KW.
3. Six departments including the Ministry of Finance: give priority to supporting the development of agriculture related industries.
4. 24 securities companies released the 2021 annual performance express, and the industry boom continued upward.
5. The research and development of Omicron mutant vaccine has made progress, and relevant enterprises are expected to reshape.
A-share market overview
On Monday (March 21), the A-share market rose and was blocked, with a slight shock consolidation. In the morning, the stock indexes of the two cities fluctuated sideways. In the afternoon, affected by the decline of Hong Kong Hang Seng Index, the shock fell, and the stock index stabilized and rebounded in the late afternoon. The performance of the financial sector was depressed, which dragged down the rebound pace of the stock index. The Shanghai index basically showed the operation characteristics of a slight shock consolidation throughout the day. The growth enterprise market rose slightly on Monday, and the performance of the component index was slightly stronger than that of the main board market.
Future research and investment suggestions
On Monday, the A-share market rose and was blocked, with slight shock consolidation. Affected by the rise and fall of Hong Kong's Hang Seng Index, the overall performance of the financial sector was depressed, which dragged down the rise and resistance of the stock index. In the intraday, the defensive sectors such as agriculture, animal husbandry, feeding and fishing, medicine and public utilities strengthened against the trend. The trading volume of the two cities was 1 trillion yuan, the stock game characteristics were significant, and the investor's wait-and-see mood with money was improved. After last week's bottom recovery, the stock index is now poised to consolidate near 3250, and the momentum of investors entering the market to do more has weakened. Whether A-Shares can continue to rebound in the future still depends on the continuous promotion of favorable policies and the continuous entry of incremental funds. It is suggested to continue to pay attention to the changes in policy, capital and external market.
It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the gem is more likely. We suggest that investors pay close attention to the investment opportunities in medicine, engineering infrastructure, real estate, new energy and other industries in the short term, and continue to pay close attention to the investment opportunities of undervalued blue chips in the middle line.
Risk tip: policy risk, economic downturn.
