panel overview
Thursday’s A-share shock callback, the contraction was obvious. On the disk, pharmaceutical business, precious metals, chemical pharmacy, biological products, traditional Chinese medicine, medical services, chemical fertilizer and other industries led the increase; Industries such as communication equipment, wind power equipment, games, wine making, household light industry, photovoltaic equipment, computer equipment, decoration building materials, communication services, semiconductors and cultural media led the decline. In terms of subject stocks, CRO, covid-19 drugs, recombinant protein, Alzheimer’s disease, super fungi, artemisinin, heparin concept, influenza, monoclonal antibody concept, car-t cells, dexamethasone, important concept, Helicobacter pylori, etc. led the rise; ESIM, CSL concept, NFT concept, electronic license sector, electronic ID card, digital currency, etc, building energy conservation, vocational education, digital economy and lottery concept led the decline.
message surface
steady growth policy continues to work market has a solid foundation for stable and healthy development
Driven by a series of steady growth policies, the main macro indicators of China’s economy at the beginning of this year were better than market expectations, and production and demand showed a good growth momentum, creating a favorable opportunity for a good start in the first quarter. In the face of the triple pressure of current economic development and the complex and changeable external environment, the strength of steady growth will not be weakened. In the future, the “combined fist” of policies including finance, currency and industry will continue to work to stabilize market expectations, enhance investor confidence and help the stable and healthy development of the capital market.
trillion market plan released! Hydrogen energy sector boiling
On March 23, the national development and Reform Commission published the medium and long term plan for the development of hydrogen energy industry (20212035) on its website. The “hydrogen + 1” plan proposes to build the “hydrogen + 1” industrial scale and continuously improve the “hydrogen + 1” application field. Research and explore the supporting electricity price policy for hydrogen production from renewable energy power generation, and explore the direct participation of hydrogen energy storage in power market transactions. Support qualified hydrogen energy enterprises to register for listing and financing on the science and innovation board, gem, etc.
social security, insurance capital, QFII and other long-term capital positions appear
According to the data, by the time of press release on March 23, more than 411 listed companies had disclosed their 2021 annual reports, and the position adjustment trend of long-term funds such as social security fund, insurance capital and QFII was also emerging. According to the annual report, on the whole, non-ferrous metals, medicine, biology, electronics and other industries with excellent performance are most favored by long-term funds.
Jufeng viewpoint
Pre market judgment: A shares will rebound in the form of building a box in the future. In the short term, there was a correction after the continuous rise of European and American stock markets overnight, and the price of crude oil rose sharply; The short-term rebound of A-Shares is under pressure. It is expected that there will be differentiation and the bottom may be reached again. Investors can take the opportunity to adjust their positions and exchange shares.
In fact, the three major A-share indexes collectively opened low. After the opening, the stock index accelerated its downward exploration. The Shanghai index fell by more than 1%, the Shenzhen composite index fell by more than 1.7%, and the gem index fell by more than 2%, partially covering the gap left by the jump rise on March 17. Nearly 4000 stocks in the two cities fell. 10: After 30, the stock index stopped falling and rebounded, pushing Beijing Dynamic Power Co.Ltd(600405) from the pharmaceutical (Pharmaceutical Commerce, traditional Chinese medicine, chemical pharmacy and biological products) sector.
Yesterday we mentioned “from the time-sharing chart, the higher the volume, the smaller the volume. In addition, the current index is facing the suppression of the rebound high of the previous few days, this position should beware of the rapid decline of the index. If it falls near the gap, you can increase the position.” There is a similar judgment before today’s trading. Since the market correction has given the opportunity to increase positions, investors should not miss it easily
In the afternoon, the gem index rebounded from shock: it fell sharply by 2% in the morning, turned red once in the afternoon, and the short low absorption window was closed again. At the end of trading, due to the deepening decline of semiconductors, Wingtech Technology Co.Ltd(600745) fell by the limit, and the stock index weakened again however, the sustainability of the recent market is still not strong, and the rise and fall of the index are firmly controlled by heavyweights. We still can only buy when falling, and sell high when pulling up
investment suggestions: the central bank has continuously cut reserve requirements and interest rates since December last year to release liquidity, indicating that the policy bottom has appeared; However, the construction of the market bottom is relatively complex and there is a time lag between the market bottom and the policy bottom. The pace of bottoming of A-Shares has not stopped. The meeting of the financial committee and many ministries and commissions on March 16 accelerated the construction of the market bottom. It is suggested to focus on three main lines: first, companies with quarterly growth exceeding expectations; Second, new and old infrastructure benefiting from steady growth; Third, aviation, airport, tourism and other sectors facing the inflection point in the post epidemic era.
