panel overview
Monday’s A-share shock consolidation showed a pattern of strong Shanghai and weak Shenzhen. On the disk, real estate, coal, culture and media led the rise, while automobile, cement and building materials, banking, tourism and hotel, game, comprehensive industry, education, steel, port and shipping and other industries led the rise; Energy metals, batteries, small metals, wine making, wind power, power supply equipment, non-metallic materials, motors, biological products, aerospace and other industries led the decline. In terms of theme stocks, Hongmeng concept, Huawei Euler, NFT concept, longevity medicine, rental and sale rights, radio and television, virtual digital man, metauniverse, cloud games, etc. led the rise; Dexamethasone, MLCC, power battery recycling, blade battery, Baijiu, Saline Lake lithium extraction, Helicobacter pylori, pumped storage and other top down.
message surface
State Council: complete the raising of financial stability guarantee fund by the end of September
The State Council issued the opinions on the implementation of the key work division of the government work report, requiring the people’s Bank of China to take the lead, 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 to be responsible according to their respective 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.
CBRC: will guide insurance institutions to allocate more funds to equity assets
The CIRC 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. 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.
Jufeng viewpoint
Pre market judgment: the gem has fully covered the gap of the short jump on March 17 on March 25, while the Shanghai index has not been filled. After filling the gap, the upward pace will be more solid. It is expected that on Monday, A-Shares will open low and rise to the bottom, so you can grasp the opportunity of low absorption.
The three major A-share indexes collectively opened low, with the Shanghai index down 0.84%, the Shenzhen composite index down 0.86% and the gem down 0.59%. After the opening, the stock index fell rapidly, and the Shanghai index completely closed the gap that jumped on March 17. The opening of energy metals, mining, wine making, power supply equipment, non-ferrous metals, batteries, motors, wind power, aerospace and other sectors quickly released the adjustment pressure; Yuan cosmic sector pulled higher against the market; Subsequently, the real estate, coal, tourism, securities and banking sectors appeared to support the market, promoting the rebound of the Shanghai index.
In the afternoon, the stock index fell again, and the Shanghai index stepped back on 3200 points; The gem continued to dip below its early low. From the time-sharing chart, heavyweights dragged down the performance of the gem index, Contemporary Amperex Technology Co.Limited(300750) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Eve Energy Co.Ltd(300014) , Shenzhen Kangtai Biological Products Co.Ltd(300601) and other heavyweights fell by about 4%. In late trading, the stock index pulled back slightly.
In the short term, we should focus on the trend of the gem, if the leading track stocks still cannot stop falling, the height of the market rebound will be limited. It is worth noting that northbound funds have become the reverse of A-Shares today, with a large net inflow
In terms of the recent market, we still maintain the previous view that 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 sudden rise of individual stocks; For stocks that have fallen sharply but have not changed their fundamentals, they can buy low
investment suggestions: at present, the impact of the situation in Ukraine and the Fed’s interest rate hike, which suppress the sentiment of A-share investors, have been weakened. The targeted measures taken by many ministries and commissions to stabilize market expectations and boost market confidence will accelerate the construction of the market bottom. In the future, A-Shares will rebound in the form of building a box. 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.
