In early trading today, A-Shares continued to fluctuate slightly. Many institutions recently said that the market will enter the bottom grinding stage.
On the market, agricultural stocks have been strong, and seed industry, pork, agriculture, forestry, animal husbandry, fishery and aquatic products have been led by two cities, and health care, cultivation of diamonds, electrical equipment and Baijiu are among the top ones. The net outflow of funds from Beishang was 1.081 billion yuan.
agricultural stocks rose against the trend
“A year’s plan lies in spring”. Every spring, there will be a wave of obvious market in the A-share agricultural sector in most years. This year is no exception. Under the background of the recent overall weakness of the market, individual stocks in agricultural related sectors have strengthened from time to time. Today, the seed industry sector once soared by more than 5% in the session. In the past two weeks, the index of the sector has risen by nearly 20% from the lowest point. All stocks in the sector are red, Zhongnongfa Seed Industry Group Co.Ltd(600313) and other trading limits; The pork sector followed closely, rising more than 3% during the session, and the daily K line closed at the positive line for the eighth consecutive day, Jiangxi Zhengbang Technology Co.Ltd(002157) and other daily limits; Land transfer, artificial meat, agriculture, forestry, animal husbandry and fishery, aquatic products and other segments all rose by more than 2%.
In terms of news, Premier Li Keqiang recently inspected the Ministry of agriculture and rural areas and presided over a symposium, emphasizing that spring management and spring sowing are now spreading from south to north. It is necessary to strengthen the follow-up management to ensure that the harvest in the field is strong and the harvest in the field is strong, so as to ensure that the follow-up management is strengthened. We will pay close attention to fine spring ploughing and preparation, strive to implement the spring sowing area, and encourage places where conditions permit to grow a variety of double cropping rice, so as to ensure that the grain output this year will remain above 1.3 trillion Jin.
Li Keqiang also said that agricultural materials are the “food” of grain. In view of the rising prices of chemical fertilizers, pesticides and diesel, we should support enterprises to increase production and supply from multiple links such as tax reduction and fee reduction, raw material supply and energy consumption, and ensure the transportation and terminal distribution of agricultural materials. For the special varieties, we should specially study relevant support measures, promote enterprises to tap the potential, increase production and expand diversified imports, and do a good job in reserve regulation with market-oriented methods. The state has issued a measure to redistribute 20 billion yuan of agricultural subsidies to actual grain farmers. We should do in-depth and meticulous work to release them in place as soon as possible and protect the enthusiasm of grain farmers. We should strengthen monitoring and early warning and respond to meteorological, plant diseases and insect pests and other disasters in a scientific and timely manner.
Seed industry is at the forefront of agricultural planting. It is known as the “chip” of agriculture and has attracted the attention of all parties. On March 1 this year, the newly revised seed law was officially implemented. The market generally believes that it will build a legal cornerstone for the development of China’s seed industry. With the strengthening of the copyright protection of the seed industry, China’s seed industry will usher in significant development.
The development prospect of seed industry has even attracted the attention of Maotai Group. Recently, Kweichow Moutai Co.Ltd(600519) official wechat announced that hongyingzi Agricultural Technology Development Co., Ltd. of Maotai Group was officially inaugurated and established in Tanchang street, Renhuai City, marking that Maotai Group has officially entered the seed industry market in an all-round way and arranged the seed business of brewing raw materials.
China International Capital Corporation Limited(601995) said that the increase in input costs caused by the rise in the prices of crude oil, chemical fertilizer and other bulk commodities is the key. Superimposed on the upward trend of Shenzhen Agricultural Products Group Co.Ltd(000061) price in the external market, it catalyzes the bullish sentiment in the market, which is expected to drive the further rise of Shenzhen Agricultural Products Group Co.Ltd(000061) prices such as corn. China’s seed production industry has ushered in changes and is gradually adjusting and strengthening in many aspects, including strengthening the protection and utilization of seed sources, strengthening innovative protection, and promoting the development of biological breeding technology. Agriculture, especially seed production industry, will benefit from this, driving the improvement of investment sentiment.
Russian stock market resumed trading
After suspending trading for one month, the highly watched Russian stock market resumed trading almost immediately after the A-share market closed yesterday (14:50-19 Beijing time). Russia’s two major stock indexes went out of the opposite market. The Russian benchmark MOEX index rose rapidly after the opening, rising more than 11% at one time. However, near the closing, the index fell back quickly, rising only 4.43% to the closing. The dollar denominated Russian RTS index opened sharply lower, falling more than 10% during the session.
In order to ensure the stability of the transaction, Russia has introduced a number of countermeasures. Of the 50 constituent stocks in the MOEX index, only 33 were allowed to trade on the same day, while more than a dozen Russian stocks listed overseas for the first time could not participate in trading. Most of them were Russian technology companies, including Internet platform yandex and TCS, the parent company of online bank tinkoff bank UK and e-commerce ozon, etc.; Short selling is not allowed; Previously, foreigners were also prohibited from selling shares; In addition, the Russian government also said it would spend $10 billion to buy shares in the coming months.
from the perspective of individual stocks, resource stocks became the biggest winner of the day among them, phosagro, a phosphate fertilizer company, rose by more than 26%, Novatec, a natural gas producer, rose by 18% and Tatar oil company rose by 20%. Russian Airlines bucked the trend and fell 16.4% as the United States, the European Union and other countries banned Russian aircraft from entering their airspace.
The Biden administration called Russia’s reopening of the stock market a “game”. Daleep Singh, deputy national security adviser of the United States, pointed out that Russia has made it clear that they will invest government resources to artificially support the stocks of companies being traded. This is neither a real market nor a sustainable model, which will only highlight the fact that Russia is isolated from the global financial system.
During the suspension of trading in the Russian stock market, major European and American countries actively “cleared” the relationship with Russian stocks. S & P Dow Jones said it would remove Russian stocks from its index. The decision will take effect before the opening of the market on March 9 and will include all stocks listed or registered in Russia. U.S. stocks, British stocks and other markets suspended the opening of Russian stocks. If investors have positions in relevant stocks, they need to sell them within a certain period of time, otherwise they will be forced to level by securities companies.
According to the data of Moscow stock exchange, the market value of Russian stocks held by foreign investors was US $86 billion by the end of 2021. Before closing on February 25, the total market value of the MOEX index was $357 billion.
While the Russian stock market resumed trading, the official website of the White House issued a statement saying that the United States had cooperated with the European Union and the group of seven to impose sanctions on more than 400 Russian individuals and entities, including 328 members of the Russian State Duma, Gelman grev, President of the Federal Savings Bank of Russia, Gennady timchenko, a Russian businessman, his company and relatives, and 17 members of the board of directors of the Russian financial institution sovcombank, And 48 large Russian Defense enterprises. The statement pointed out that the group of seven and the EU also announced a new sanctions circumvention initiative aimed at preventing Russia from circumventing sanctions.
The International Finance Association (IIF) predicts that due to large-scale sanctions and the withdrawal of hundreds of American, European and Japanese enterprises from Russia, the Russian economy will shrink by 15% this year and continue to decline by 3% next year. At that time, its GDP will remain at the level of about 15 years ago. The agency also said that if the sanctions are further expanded, they may change the above view.
