Today (March 25), the Shanghai and Shenzhen stock markets opened mixed. At the beginning of the trading, the stock indexes began to fluctuate in a narrow range, followed by a wave of diving of the three major stock indexes. In the afternoon, the stock indexes continued to decline uniformly, showing a pulse downward trend, with a clear view of the weak pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index fell 1.17% to 321224 points; The Shenzhen composite index fell 1.89% to 1207273; The gem index fell 2.52% to 263794 points.
From the disk point of view, the light index and heavy stock market reappeared, the industry and concept sectors fell more and rose less, and the local profit-making effect was general. In terms of industries, agriculture, animal husbandry, feeding and fishing, textile and clothing, real estate, cultural media, commercial department stores, precious metals, household appliances, traditional Chinese medicine and other industries led the increase; In terms of theme stocks, blind box economy, genetically modified, land transfer, NFT concept, pork concept, virtual digital man, cloud games and so on led the rise.
In terms of funds, the central bank announced on March 25 that in order to maintain stable liquidity at the end of the quarter, the people's Bank of China launched a 100 billion yuan reverse repurchase operation by means of interest rate bidding on March 25, 2022, with a bid winning interest rate of 2.1%. As 30 billion yuan of reverse repo expired today, the people's Bank of China realized a net investment of 70 billion yuan in the open market.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the report of China government network, the State Council announced the opinions on the division of key work in the implementation of the government work report: the people's Bank of China is required to take the lead, and the national development and Reform Commission, the Ministry of justice, the Ministry of finance, the CBRC, the CSRC and the State Administration of foreign exchange are required to be responsible according to the division of responsibilities, complete the work related to the raising of financial stability guarantee fund by the end of September, and continue to promote it during the year.
2. According to the website of the CBRC, in the next step, the CBRC will give full play to the advantages of long-term investment of insurance funds and guide insurance institutions to allocate more funds to equity assets. First, further enrich the channels for insurance funds to participate in capital market investment. Support insurance companies to increase capital market investment, especially the stocks of high-quality listed companies, through direct investment, entrusted investment and investment in public funds. Allow insurance funds to invest in financial products issued by financial management companies, and support insurance funds to participate in the capital market relying on various professional institutions. Second, in accordance with the principle of "one company, one policy", we should make arrangements for the transition period of solvency supervision rules (II) and maintain the stability of the investment in equity assets of insurance funds. Third, revise and improve the regulatory rules of insurance asset management companies, encourage insurance asset management companies to increase the issuance of portfolio insurance asset management products, and increase investment support for stocks, bonds and other investments. Fourth, establish and improve the long-term assessment mechanism of insurance funds, and guide insurance institutions to firmly establish the concept of long-term investment.
3. According to the website of China Securities Association, on March 24, China Securities Association held a regular meeting of chief economists of securities fund industry in the first quarter of 2022. The experts suggested that the real estate policy should be adjusted appropriately according to the overall requirements of stable growth, strengthen supply side reform, stabilize real estate investment and expectations, and promote the virtuous circle and healthy development of the real estate industry. Give play to the leading role of manufacturing industry in economic development, stabilize the supply chain of manufacturing industry, and increase support for digital development and the implementation of "double carbon" policy.
4. According to the website of the Ministry of agriculture and rural areas, recently, the Ministry of agriculture and rural areas and the Ministry of finance made clear the key work of grain production and a package of support policies in 2022, requiring all localities to go all out to ensure a bumper harvest of summer grain and wheat, do everything possible to expand the planting of soybean oil, keep a close eye on the stable price and supply of agricultural materials, do a good job in agricultural disaster prevention, mitigation and relief, stabilize the basic situation of agriculture, and provide strong support for promoting the stable and healthy development of economy and society.
institutional views
For the current market, Rongwei Securities said that the stock index is greatly affected by Hong Kong stocks and the willingness of institutions to do more is not strong. The probability of maintaining the box operation in the short term is high, and the uncertainty of the peripheral market will still affect a shares, but the market will gradually weaken. In terms of hot spots, the sectors with high-standard stocks are places with strong sustainability and opportunities, but it is not suitable to continue to chase after the rise and wait for low absorption after adjustment and differentiation.
Previously, Central China Securities Co.Ltd(601375) mentioned that the current stock index has a weak upward attack, the regional pressure above 3250 is large, and investors have an obvious wait-and-see mentality. Whether the stock index can strengthen again in the future still depends on the boost of policies and the promotion of mainstream hot spots. It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. It is suggested that investors should keep an eye on the short-term value of blue stocks and continue to underestimate the investment opportunities of the middle line for the time being.
However, the market is in a low-level area. Under the expectation that monetary and credit policies will remain moderate in the future and steady growth will continue to increase, Guosheng Securities believes that whether the market is an incremental capital entry breakthrough or a benign technical adjustment, it is a window for strategic allocation at this stage. It is suggested to pay attention to position control, focus on infrastructure and real estate sectors related to the main line of steady growth, high boom growth industries such as photovoltaic, green power and semiconductor, and short-term active pharmaceutical sectors.
Founder Securities Co.Ltd(601901) said that there was still callback pressure in the short-term market, but the market was also lack of momentum to kill and fall, and the space for short-term callback was also limited. Whether the rising trend can be restarted in the future and whether the volume can be released again is the key. If the volume is released again, the market is expected to break through the previous high. If the volume of the market is difficult to release, the horizontal consolidation above 3200 is a high probability event.
The agency further analyzed that the A-share market is about to enter April, which is a seasonal off-season for investment. Due to the centralized publication of the annual report and the first quarterly report, the market has a low risk preference for performance, which is basically a "defensive counterattack". The defensive counterattack based on blue chips transfers funds to blue chips, and the dark moment of subject stocks comes. During this period, the "28 February" phenomenon of A-shares is the norm, and the investment financial security The concept of energy security and food security is the main line.
