Double financing balance
As of March 23, the balance of the two financial institutions on the Shanghai Stock Exchange reported 901859 billion yuan, an increase of 835 million yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 783625 billion yuan, a decrease of 246 million yuan compared with the previous trading day; The two cities totaled 1685484 billion yuan, an increase of 589 million yuan over the previous trading day.
Latest views
On Wednesday, the Shanghai stock index was strong and volatile throughout the day, and the gem index rose by more than 1%. As of the closing, the Shanghai Composite Index rose 0.34%, the Shenzhen composite index fell 0.73%, the gem index rose 1.03%, the Shanghai and Shenzhen 300 rose 0.50%, the Shanghai Composite 50 rose 0.54%, and the China composite 500 rose 0.63%. The number of gainers in the two cities was 2308, lower than the average value of 2452 last week and higher than 1964 in the previous trading day. The limit was 84, lower than the average value of 92 last week and 93 the previous trading day. The number of decliners in the two cities was 2245, higher than the average value of 2221 last week and lower than 2606 in the previous trading day. The number of drop limits was 16, lower than the average value of 44 last week and higher than 13 in the previous trading day. The net outflow of northbound funds was 194 million yuan, the average value of last week was 3.338 billion yuan, and the net outflow on the previous trading day was 922 million yuan. The turnover of the two cities was 943667 billion yuan, with an average value of 1111255 billion yuan last week and 963654 billion yuan the previous trading day. To a certain extent, the three major A-share indexes have soared and fallen, which basically verifies our previous expectations for the market. For the short-term market, this tangled state will not last long. Once the breakthrough cannot be made in large quantities, A-share will retreat to the 3200 point area again. It is suggested that investors should be cautious about the short-term market, and the index will fall at any time.
Topic tracking
Focus today: real estate, communication equipment, wind power equipment
1. Real estate theme: the National Bureau of statistics released the changes in the sales prices of commercial houses in 70 large and medium-sized cities in February on March 16. Data show that the sales prices of new commercial houses and second-hand houses in first tier cities rose month on month. On the same day, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market issues. The meeting pointed out that with regard to real estate enterprises, it is necessary to timely study and put forward effective solutions to prevent and resolve risks, and put forward supporting measures for the transformation to a new development model; It is stressed that we should adhere to the positioning that houses are used for living, not for speculation, continue to improve the long-term mechanism of “stabilizing land prices, house prices and expectations” of real estate, and promote the virtuous circle and healthy development of the real estate industry. Suggested attention: Shenzhen Worldunion Group Incorporated(002285) ( Shenzhen Worldunion Group Incorporated(002285) ), 5I5J Holding Group Co.Ltd(000560) ( 5I5J Holding Group Co.Ltd(000560) )
2. Theme of communication equipment: on the 22nd, the Ministry of industry and information technology released the economic operation of the communication industry from January to February 2022. According to statistics, since this year, the construction of 5g base stations in China has made steady progress. By the end of February, the total number of 5g base stations had reached 1.506 million, accounting for 15% of the total number of mobile base stations. Among them, 810005g base stations were newly built from January to February. Recently, the Ministry of industry and information technology, the national development and Reform Commission and other departments have made it clear that new infrastructure such as 5g and data center will be deployed moderately in advance, and more than 20 provinces have made clear the construction plans of 5g and data center in 2022 Zte Corporation(000063) 23 announced at noon that the company received the court’s judgment on March 22, 2022 (US time), the probation period will expire on March 22, 2022 (US time) without any penalty, and confirmed that the term of office of the inspector will end on March 22, 2022 (US time). Suggested attention: Zte Corporation(000063) ( Zte Corporation(000063) ), Xdc Industries(Shenzhen) Limited(300615) ( Xdc Industries(Shenzhen) Limited(300615) )
3. Theme of wind power equipment: on January 29, the national development and Reform Commission and the National Energy Administration issued the 14th five year plan for modern energy system, which proposed to comprehensively promote the large-scale development and high-quality development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, give priority to local and nearby development and utilization, accelerate the construction of decentralized wind power and distributed photovoltaic in load centers and surrounding areas, and promote the application of low wind speed wind power technology. Take the power grid as the basic platform, enhance the ability of optimal allocation of power system resources, improve the intelligent level of the power grid, and promote the power grid to actively adapt to the development of large-scale centralized new energy and large-scale distributed energy. Suggestions for attention: Dajin Heavy Industry Co.Ltd(002487) ( Dajin Heavy Industry Co.Ltd(002487) ), Qingdao Tianneng Heavy Industries Co.Ltd(300569) ( Qingdao Tianneng Heavy Industries Co.Ltd(300569) )
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
