Market Overview
The Shanghai and Shenzhen stock markets fluctuated on Wednesday. Stimulated by the good news released in the 14th five year plan for modern energy system, the new energy sectors such as UHV, wind energy, energy storage, photovoltaic and nuclear power rose collectively. Transportation, banking, steel, digital currency, electronic ID card and other concepts perform poorly. In terms of funds, the central bank announced that in order to maintain the reasonable and abundant liquidity of the banking system, a 7-day reverse repurchase operation of 20 billion yuan was carried out by means of interest rate bidding on March 23, with a bid winning interest rate of 2.10%.
In terms of the overall market, the market has continued to shrink recently, with significant characteristics of the stock game. The benefits brought by the policy are conducive to the formation of a phased bottom, but it is also difficult for the market to get out of the current situation of shock adjustment. It is suggested to continue to pay attention to the changes of policy, capital and external market. The main investment line can focus on traditional infrastructure, such as nonferrous metals, building materials, etc. Second, focus on new infrastructure areas with steady growth, such as photovoltaic, wind power, energy storage, hydrogen energy, etc
Policy tracking
Chip continues to be in short supply
According to the financial Associated Press, the recent market continues to be short of cores and new orders continue to flow, adding to the confidence of wafer manufacturing enterprises. A number of wafer manufacturers have successively announced their capital expenditure plans for 2022. Silterra, Malaysia's largest wafer foundry, recently announced that it plans to invest 645 million ringgit (about 150 million US dollars) to expand production, aiming to increase the annual production capacity by 20%. China has become the world's largest semiconductor equipment market. Local semiconductor equipment has achieved key technological breakthroughs in multiple segments, and relevant concept stocks are expected to benefit
