panel overview
On Tuesday, A-Shares rose and fell, the three major stock indexes fell across the board, and the market trading volume shrank significantly. On the disk, chemical fertilizer led the rise, while agriculture, animal husbandry, feeding and fishing, traditional Chinese medicine, pesticide and veterinary medicine, coal, medical devices, shipping ports and other industries led the rise; Decoration, engineering consulting services, consumer electronics, semiconductors, automotive services, engineering construction, motors, optical optoelectronics, power grid equipment and other industries led the decline. In terms of subject stocks, phosphorus chemical industry, aquaculture, glyphosate, transgenic, chicken concept, exclusive drugs, in vitro diagnosis, covid-19 detection, pork concept, titanium dioxide and agricultural planting led the rise; Building energy conservation, Huawei Euler, automotive chips, helium concept, East West calculation, electronic license sector, photovoltaic building, silicon carbide and other leading losses.
message surface
SASAC: do a good job in the rent reduction of small and micro enterprises and individual industrial and commercial households in the service industry in 2022
According to the website of the state owned assets supervision and Administration Commission on the 28th, the state owned assets supervision and Administration Commission issued a notice on rent reduction and exemption for small and micro enterprises and individual industrial and commercial households in the service industry in 2022. Recently, affected by adverse factors such as the impact of the epidemic, small and micro enterprises and individual industrial and commercial households in the service industry have difficulties in operation and are facing a severe survival crisis. From the perspective of stabilizing market players, doing a good job in the “six stabilities” and implementing the “six guarantees”, all central enterprises should actively implement the requirements of rent reduction policies, effectively reduce the operating burden of small and micro enterprises and individual industrial and commercial households in the service industry, and highlight the responsibility of central enterprises at the critical moment.
many companies have more than doubled their quarterly reports, and the number of new energy industry chains is the largest
38 A-share listed companies disclosed the first quarter performance forecast on March 28. Except for Sieyuan Electric Co.Ltd(002028) , the net profits of the other 37 companies in the first quarter increased year-on-year. Among them, there are 6 companies whose lower limit of net profit growth in the first quarter is expected to exceed 100%, and 8 companies whose upper limit of net profit growth is expected to exceed 100%. Overall, most of these enterprises with doubled performance come from the new energy industry chain, anti epidemic related biomedicine and other industries.
Sealand Securities Co.Ltd(000750) : the interest rate of US bonds may continue to rise in the next stage, and there is a callback risk in US stocks
On March 28, Sealand Securities Co.Ltd(000750) released a report pointing out that at present, the market has basically absorbed the impact of geographical conflict, and the valuation of US stocks has returned to a relatively high position. In the next stage, the interest rate of US bonds may continue to rise. With the superposition of the possible “table contraction” operation of the Federal Reserve in May, the “risk premium” of US stocks will be significantly squeezed, and then there will be a certain callback risk.
Jufeng viewpoint
Pre market judgment: from the perspective of technical trend, the gap of stock index rebound and short jump has been fully covered, and then the pace of market rise will be more solid. The high probability of the Shanghai index has proved the short-term low, while the Shenzhen market will still hit the bottom. Overnight, European and American stock markets rose collectively and returned to the bull market. Crude oil fell by nearly 10%. The panic index fell below 20 for the first time since February. It is expected that A-Shares will fluctuate higher, Tesla concept stocks are expected to rebound, and oil, coal and other sectors may make up for the decline.
The three major A-share indexes opened higher collectively, the real estate sector continued to strengthen, and the semiconductor, consumer electronics, automotive services, power grid equipment, software development and other sectors made a sharp correction. Track stocks still release adjustment pressure. The defensive sector remained strong, with agriculture, chemical fertilizer and medicine rising sharply.
In the afternoon, the sectors of traditional Chinese medicine and chemical fertilizer rose again, followed by the strengthening of digital currency and coal, and the Shanghai index once turned red; However, the decline of semiconductor, consumer electronics and other sectors deepened, the three major indexes fell, the Shanghai index stepped back on 3200 points, and more than 3500 shares fell in the market.
today, the trend of A-Shares was weaker than expected. The sharp rise in the periphery and the entry of funds to the North failed to reverse the weakness of the market. The fundamental reason is that public offering and private placement continue to sell track shares in response to redemption on the recent market, we still maintain the previous view “the current market is not sustainable. The stock 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 if we don’t catch up with the sudden rise of individual stocks; for individual stocks that fall sharply but haven’t changed their fundamentals, we can buy low.” Before the track stocks stop falling, even if the market rebounds, the upward space will not open
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.
