panel overview
On Friday, A-Shares fell in shock, the three major indexes made a collective correction, and the gem led the decline. On the disk, agriculture, animal husbandry, feeding and fishing, textile and clothing, real estate industry led the rise, while trade, cultural media, commercial department stores, precious metals, pesticides and veterinary drugs, tourism hotels, mining, household appliances, traditional Chinese medicine and other industries led the rise; Wind power, batteries, photovoltaic, airports, medical services, medical devices, biological products, wine making, non-metallic materials, power equipment, power and other industries led the decline. In terms of theme stocks, pinduoduo concept, blind box economy, transgenic, land transfer, NFT concept, pork concept, virtual digital man, cloud games and so on led the rise; Cultivation of diamond, 6G concept, hit battery, covid-19 detection, CRO, recombinant protein, in vitro diagnosis, etc.
message surface
critical moment! 70 billion Liu Gesong said: please cherish the A shares in this position
Liu Gesong, deputy general manager of GF fund, who holds more than 77 billion yuan, is the focus of attention from the outside world. Standing at this critical time point, Liu Gesong made a voice in a live broadcast recently, saying that we should cherish the A-share assets at this point. This fluctuation also exists in history, but not everyone can grasp it. At present, we should think more about which assets have been “wrongly killed”.
private placement boss Dan bin is suspected to be short of hundreds of products, and the net value of products is almost zero fluctuation! A number of large private placement companies have voiced their views
Data show that since March, danbin’s products have updated their net value three times, but the net value fluctuation of almost all products is close to 0.5% Other private placement products with updated net worth have retreated sharply due to the sharp decline in the market in March. It is understood that a number of star private placement recently held customer communication meetings to calm investor sentiment.
China’s “basic people” exceed 100 million! Over the past 20 years, public funds have created a return of nearly 6 trillion yuan
It is reported that by the end of 2021, the assets under management of China’s public funds had reached 25 trillion yuan, with more than 600 million fund investment accounts, and 100 million people behind them. According to the data, since the public funds came to China in 1998, they have created a cumulative return of nearly 6 trillion yuan for the holders for more than 20 years.
Jufeng viewpoint
Pre market judgment: A shares will rebound in the form of building a box in the future. Overnight, US stocks rose across the board, with chip stocks leading the rise. a-share chip stocks almost missed this round of rebound and may make up for the rise. Investors may wish to pay attention to bargain hunting, but if they open sharply higher, it is not necessary to pursue the rise
In fact, the opening of the three major A-share indexes was different. The Shanghai index and gem opened slightly lower and the Shenzhen composite index opened slightly higher. After the opening, the stock index fluctuated and sorted out, but the time-sharing chart clearly showed that small cap stocks were stronger than heavyweights yesterday, the leading chip stock Wingtech Technology Co.Ltd(600745) opened with a strong rise, driving chip stocks to rise. However, the sustainability was poor. With the decline of the semiconductor sector and the synchronous decline of track stocks such as wind power, photovoltaic and battery, the gem index fell rapidly and stepped back on the support of the 10 day moving average again while the Shanghai index is relatively strong due to the strength of real estate, agriculture, securities, banking and other sectors.
On the recent market, we still maintain the previous view “the current market is not sustainable. The Shanghai index builds a Hithink Royalflush Information Network Co.Ltd(300033) 00 point box and the gem builds a 24502750 point box. We should dare to cash in the stocks that do not catch up with the rise suddenly; for the stocks that fall sharply but the fundamentals have not changed, we can buy low.”
In the afternoon, the inertia of the stock index fell, and the Hang Seng technology index fell by 5%, which suppressed the gem index, which once fell by more than 2% gem index fell below Thursday’s low, further narrowing the gap of short jump on March 17 China Life Insurance Company Limited(601628) vice president said at noon that the company’s share price was undervalued and there was a change in the afternoon, but it had little impact on the whole market. The decline of wine, electricity, securities and other sectors led Shanghai to close to 3200.
Today’s news needs attention: hundreds of products of private placement big V danbin are almost empty, which may be the choice that private equity funds have to make in the face of liquidation risk. At the same time, the heavy position stocks fell sharply after the departure of the fund manager of Agricultural Bank of China Huili yesterday, which may also be a passive reduction in the face of redemption. This phenomenon has strengthened our judgment of reducing positions in case of rebound; In case of a sharp fall, the position increase is based on the long-term optimism of a shares.
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.
