On March 22, the stock index fluctuated and sorted out in a narrow range in the morning, once rose and rose in the afternoon, then fell again, and turned red again in the late trading; The Shenzhen Composite Index fluctuated weakly in the intraday, rising and falling in the afternoon; Gem refers to a weak trend, with a decline of more than 1% and a loss of 2700 points; The turnover of the two cities has shrunk, with less than trillion transactions throughout the day, and a small net outflow of funds from the north.
As of the close, the Shanghai index rose 0.19% to 325986 points, the Shenzhen composite index fell 0.49% to 1231878 points, and the gem index fell 1.39% to 268823 points; The total turnover of the two cities was 962.8 billion yuan, and the net sale of funds from the North was 922 million yuan.
On the disk, the real estate sector rose sharply, the coal, oil and household sectors led the rise, and the transportation, banking, port, steel, insurance, aviation and other sectors all rose; Pharmaceutical, tourism, wine making, semiconductor and other sectors all weakened, and covid-19 drugs, covid-19 detection, CXO concept and NMN concept fell sharply.
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) said 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 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.
