Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index rose 0.19% to close at 325986 points; The Shenzhen Component Index fell 0.49% to close at 1231878; The gem index fell 1.39% to close at 268823.
[industry tracking] industry: 19 industries rose and 11 industries fell. Among them, the real estate, coal and banking sectors were the top gainers, with increases of 3.50%, 3.12% and 1.83% respectively; Medicine and biology, power equipment, social services and other sectors led the decline, with a decline of – 2.41%, – 1.68% and – 1.48%.
Comments
The real estate sector increased significantly. Recently, the financial stability and Development Commission of the State Council proposed “timely study and put forward effective risk prevention and resolution response plans, and put forward supporting measures for transformation to a new development model” for real estate enterprises. On the whole, the policy is relatively positive for the real estate industry. In terms of the market, the mainstream mortgage interest rate data of key cities released by the shell Research Institute showed that in March, the interest rate of the first set of mainstream mortgage in 103 key cities in China was 5.34%, and the interest rate of the second set was 5.60%, down 13 and 15 basis points respectively compared with the previous month, and the mortgage interest rate fell as a whole. In terms of individual stocks, Yango Group Co.Ltd(000671) , China Calxon Group Co.Ltd(000918) , China Fortune Land Development Co.Ltd(600340) and other individual stocks rose by the limit.
The coal sector led the gains. Recently, the national development and Reform Commission issued a notice and held a mobilization and deployment meeting to arrange 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 urge strict performance. Overall, the signing of medium and long-term contracts is conducive to ensuring the long-term profits of coal enterprises. In terms of individual stocks, Beijing Haohua Energy Resource Co.Ltd(601101) limit, Shanxi Coking Coal Energy Group Co.Ltd(000983) , China Coal Energy Company Limited(601898) rose by 8.90% and 4.95% respectively.
The concept sector of oil and gas exploitation has strengthened. On the one hand, it is possible for Europe to further implement the energy import ban on Russia. As a major oil exporter, the reduction of the supply side promotes the rise of oil prices; On the other hand, the recent situation in the Middle East has also begun to complicate, and the instability of the global oil supply side has supported high oil prices. In terms of individual stocks, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , Renzhi shares and other individual stocks rose by the limit, Xinjiang Beiken Energy Engineering Co.Ltd(002828) rose by 5.62%.
Outlook
Today, the three major indexes rose and fell, the gem index fell, and the Shanghai Composite Index rose driven by the real estate sector, with a net outflow of 922 million yuan from the north. On the news side, Alibaba launched a huge repurchase, driving the strength of Hang Seng technology sector. In the medium and long term, after the meeting of the financial committee and the China US dollar summit dialogue, the market’s concerns about policy have slowed down. Under the background of unchanged “steady growth” tone this year, China’s economy has certain support. From the perspective of valuation, both A-Shares and China concept shares have allocation opportunities. However, in the short term, high commodity prices, repeated global epidemics and the escalation of 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
