panel overview
On Monday morning, A-Shares bottomed out and rebounded, and the Shanghai index took the lead in turning red, showing a pattern of strong Shanghai and deep weakness. On the disk, real estate, cultural media, coal, precious metals, automobiles, tourism and hotels led the rise, while games, cement and building materials, comprehensive industries, education, banking, 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, rental and sale rights, radio and television, virtual digital man, metauniverse, cloud games, etc. led the rise; Dexamethasone, power battery recycling, MLCC, blade battery, Baijiu, Saline Lake lithium extraction, CRO, 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.
China US audit and supervision cooperation runs in the opposite direction, and overseas listing channels remain unblocked
On March 27, zhonggai company and investment institutions participated in a video exchange activity held by the CSRC. The meeting mainly listened to the opinions of relevant market participants on the recent situation of zhonggai. “It should be said that the regulators of China and the United States are fully aware of each other’s concerns and are working towards each other to find solutions to the problems, so as to achieve effective and sustainable cooperation as soon as possible. This is in the best interests of the capital markets of the two countries and global investors.” In view of the recent market concern about China US audit and supervision cooperation, an industry insider close to the regulatory department said.
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 opening down 0.84%, the Shenzhen Composite Index opening down 0.86%, and the gem index opening down 0.59%. The agricultural opening was active, and the insurance, brewing, petroleum, securities, semiconductor and other sectors weakened, Kweichow Moutai Co.Ltd(600519) opening low by 3.85%. 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; The yuan universe sector rose against the market, while the real estate, coal, tourism, securities, gold and banking sectors appeared to protect the market, which pushed the stock index to narrow the decline. The Shanghai index recovered 3200 points and took the lead in turning red. Gem is in a downturn. In the afternoon, pay attention to whether the gem can stop the decline. After all, track stocks are concentrated here, and there was a large correction after the year. If the track stocks still cannot stop falling, the height of the market rebound will be limited.
In terms of the recent market, we still maintain the previous view that “the current market continuity is not strong. The Shanghai index builds a 3000 ~ 3300 point box and the gem builds a 2450 ~ 2750 point box. We should dare to cash in if we do not catch up with the sudden rise of individual stocks; for individual stocks that fall sharply but have not changed their fundamentals, we can buy low.”
Investment advice: at present, the impact of the situation in Ukraine and the Fed’s interest rate hike, which suppress the sentiment of A-share investors, has been weakened. Many ministries and commissions have taken targeted measures to stabilize market expectations and boost market confidence, which 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.
