Today (March 22), the Shanghai and Shenzhen stock markets opened low across the board. In the morning, the stock index was divided, the Shanghai index fluctuated and rose, with occasional signs of turning red and rising, while the Shenzhen Component Index and the gem index showed a pulse downward probe; In the afternoon, the three major stock indexes showed a wave of rapid upward attack performance, the late diving fell back, and the overall trend showed a shock consolidation pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.19% to 325986 points; The Shenzhen composite index fell 0.49% to 1231878 points; The gem index fell 1.39% to 268823 points.
From the disk point of view, the light index heavy stock market continues, and the local profit-making effect still exists. In terms of industry, real estate, mining, precious metals, automobile services, petroleum, decoration and building materials, banking and other sectors led the increase; In terms of theme stocks, the cultivation of diamonds, lease and sale rights, digital currency, cross-border payment and gold concept led the rise.
In terms of capital, the central bank announced on March 22 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 20 billion yuan reverse repurchase operation by means of interest rate bidding on March 22, 2022, with a bid winning interest rate of 2.1%. In view of the maturity of 10 billion yuan of reverse repurchase today, the people’s Bank of China has realized a net investment of 10 billion yuan in the open market.
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message surface
1. According to the news on the website of the national development and Reform Commission on the 22nd, the national development and Reform Commission and the National Energy Administration recently issued the “14th five year plan” for modern energy system. The development goals proposed in the plan include: more secure and powerful energy security. By 2025, China’s annual comprehensive energy production capacity will reach more than 4.6 billion tons of standard coal, the annual output of crude oil will rise and stabilize at 200 million tons, the annual output of natural gas will reach more than 230 billion cubic meters, the total installed capacity of power generation will reach about 3 billion kilowatts, the energy reserve system will be improved, and the independent energy supply capacity will be further enhanced.
2. According to the General Administration of market supervision, the General Administration of Market Supervision recently issued the revised Measures for the supervision and administration of medical device production and the measures for the supervision and administration of medical device operation, which will come into force on May 1, 2022. The two measures require the implementation of the strictest regulatory requirements. Strengthen the supervision and management of medical device registrants, clarify the responsibilities of both registrants and entrusted production enterprises, incorporate the relevant requirements of entrusted production management into the quality management system, and further improve the inspection responsibilities, inspection methods, result disposal, investigation and evidence collection and other regulatory requirements of medical device production. Improve the management requirements for sales, transportation, storage and other aspects of business links, refine the relevant provisions on traceability management such as purchase inspection and sales records, and strengthen the quality and safety responsibility of registrants and filers for selling their registered and filed medical devices.
3. According to the website of the Ministry of agriculture and rural areas, on March 22, the Ministry of agriculture and rural areas held a department coordination meeting in Beijing to analyze the current situation of pig production and study policies and measures to stabilize pig production. The meeting held that at present, the production of pigs is generally stable, the production capacity of fertile sows is maintained at a reasonable level, the supply of pork market is relatively loose, and the price of pigs has entered the downward range of the cycle due to the influence of supply and demand. In addition, due to the recent rise in the price of bulk feed raw materials and the continuous loss of breeding, many farmers have difficulties in operation. All relevant departments around the country need to work together to help farmers tide over the difficulties.
4. According to China Securities News, insiders learned that the medium and long-term plan for the development of China’s hydrogen energy industry is expected to be released in the near future. According to incomplete statistics, Beijing, Shanghai, Guangzhou, Zhejiang, Jiangsu, Guizhou and Sichuan provinces have issued policies or plans related to hydrogen energy. According to the prediction of China gas energy alliance, the output value of China’s hydrogen energy industry will reach 1 trillion yuan from 2020 to 2025 and 5 trillion yuan from 2026 to 2035.
institutional views
For the current market, Central China Securities Co.Ltd(601375) pointed out that the market hot spots changed again on Tuesday, led by real estate, finance, military industry and cycle industries. The growth stocks led by the previous day fell one after another, and the market still lacks a strong leading hot spot. The trading volume of the two cities is less than trillion, and the characteristics of stock game are significant.
Considering the continuous rebound of the Hang Seng Index in recent days, it is expected that the Shanghai index is expected to rebound again after full preparation. It is suggested to continue to pay attention to the changes of policy, capital and external market. It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. It is suggested that investors should wait and see for a short time, and the middle line should continue to pay attention to the investment opportunities of undervalued blue chips.
China International Capital Corporation Limited(601995) said that although the market still has 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. At present, we pay attention to three directions: 1) potential support areas for policy development, including infrastructure, real estate, stable demand related industrial chains (building materials, construction, household appliances, home furnishings, etc.), brokerage finance, etc; 2) For the middle and lower reaches consumption with more adjustments, low valuation and clear medium and long-term prospects in 2021, choose stocks from bottom to top, including household appliances, light industry and household appliances, automobiles and parts, agriculture, forestry, animal husbandry and fishery, medicine, etc; 3) The manufacturing growth sector, including new energy vehicles, new energy and technology hardware semiconductors, has released some risks, and the turnaround is waiting for the marginal mitigation of overseas “inflation” risk.
China Merchants Securities Co.Ltd(600999) believes that 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, the turnover rate and transaction amount have decreased significantly, and A-Shares are expected to usher in the starting point of a new round of upward cycle. After this round of A-Shares bottomed out, it is suggested to focus on two directions: first, focusing on the traditional infrastructure with steady growth and the improvement of real estate investment, upstream resource products may benefit more from this round of steady growth, including nonferrous metals, building materials, petroleum and petrochemical; Second, focus on the steady growth of new infrastructure, such as photovoltaic, wind power, energy storage and hydrogen energy; Digital infrastructure, such as IDC, big data cloud computing, etc.
In addition, AVIC securities mentioned that from the current situation, the fundamentals of real estate and consumer sectors will still be at the bottom stage in the short term, but will recover in the follow-up; Investment opportunities such as new infrastructure, old infrastructure, manufacturing, undervalued and high dividends deserve attention. It is suggested to pay attention to investment opportunities in relevant sectors. In addition, investors can participate in the rebound based on medium and long-term fundamental logic, based on growth and patiently layout, including high-profile growth stocks such as semiconductor, photovoltaic and digital economy.
