Volume and price rise together! On Wednesday (March 30), the three major A-share indexes were red across the board, and the gem index soared by more than 4%. The volume can be enlarged, and individual stocks generally rose. In terms of hot spots, brokerage stocks, as one of the market weathervanes, broke out, the real estate sector continued to rise, and the collective limit of 25 real estate stocks attracted much attention. At the same time, a large influx of funds from the North exceeded 12 billion yuan. How to go about the rebound of a shares? How far?
On Wednesday, the three major A-share indexes rose by more than 1%. As of the close, the Shanghai Composite Index rose 1.96% to 3266.6 points, the Shenzhen Composite Index rose 3.1% to 122638 points, and the gem index rose 4.02% to 269683 points; The total turnover of the two cities was 958.4 billion yuan, and the net purchase of northbound funds was 12.726 billion yuan, with a single day net purchase volume reaching a new high since October 2021.
In terms of individual stocks, on Wednesday, individual stocks in the A-share market generally rose, with a total of 3784 stocks rising and 791 stocks falling. Among them, on Wednesday, 91 stocks closed at the daily limit and 10 stocks fell by the limit.
Trading limit of individual stocks on Wednesday (March 30): p align = “center” tabulation: Zhang Ying
It is noteworthy that on Wednesday, China’s Hong Kong stock market continued to rebound, with the Hang Seng index rising by 1.39% and the Hang Seng state-owned enterprise index rising by 1.28%.
For the rebound trend of a shares, institutions generally said that market sentiment will continue to improve, and the short-term rebound trend of the market is expected to continue.
Sealand Securities Co.Ltd(000750) analysis shows that there are three main reasons for the sharp rise in the market today. First, there was a significant improvement in the geopolitical conflict. Affected by this news, overseas stock markets continued to rebound. Among them, the S & P 500 index rebounded by more than 10% from the low point, the oil price, gold price and US dollar index fell significantly, and the market risk aversion eased; Second, the recent real estate easing signals are frequent and the pace is accelerated. Last week, Harbin launched the first shot to cancel the sales restriction in the provincial capital city, and today, the purchase restriction in Fuzhou real estate market is relaxed. Since the beginning of the year, the real estate adjustment policies have been promulgated more than 140 times, and more than 60 cities across the country have issued stable real estate market policies with different degrees and contents, involving a number of policies such as reducing down payment, canceling “house and loan recognition”, and issuing talent purchase subsidies. Third, the fear of capital outflow has eased. Today, there was a significant inflow of funds from the north, reaching the peak of the inflow range in nearly two months.
China International Capital Corporation Limited(601995) believes that the short-term market may still be repeated, but the more targeted “steady growth” policy may also gradually bring about the improvement of fundamental expectations. The stage similar to the sharp decline in the previous period may have ended, and the short-term market may still be in the bottom grinding stage. Combined with the recent market adjustment, the valuation has gradually approached the level of December 2018 and the end of March 2020, and the market opportunities in the medium-term dimension are greater than the risks.
At the same time, institutions such as public funds and private placement also expressed optimistic views on the future market. Huang Yi, director of Hongfeng asset investment, believes that the negative factors and pessimistic expectations that suppressed the market in the early stage are gradually repairing, and the market has shown important bottom characteristics. In the later stage, focus on five directions: first, in the wave of the third energy revolution, China’s photovoltaic industry and new energy vehicle industry chain with global dominant position. Second, high-end manufacturing. Under the general trend of the transformation and upgrading of China’s manufacturing industry and the acceleration of domestic substitution, the growth space of high-end manufacturing industries dominated by semiconductors, consumer electronics and military industry is broad, and the prosperity of the industry is expected to continue to improve. Third, the infrastructure sector related to steady growth. Fourth, we are optimistic about new and old energy enterprises such as coal and green power operation. Fifth, we are optimistic about the agricultural sector.
Fang Xin Baijiu, a manager of Fortune Investment Fund, believes that the market has a rebound power after continuous adjustment. Today, the north of the market has a certain support role in the return of funds from the north. In addition, the annual report and quarterly report have been released. The performance of Hao Xinming’s Dragon head shares in liquor, medical, new energy and banking industries has been steady, and the rebound of all factors has been triggered at any moment. For the future, the short-term rebound trend is expected to continue.
Lei, chief research official of Xingshi investment, said that market sentiment is expected to continue to improve and risk appetite will return to normal. On the one hand, the epidemic prevention and control is still continuing, and this round of epidemic may peak soon. Once the epidemic pressure decreases periodically, the force and effect of the steady growth policy will be better than expected. April is about to enter the intensive release period of annual report and first quarterly report. It is expected that the sectors with performance support may have a good performance. Although long and short factors coexist in the short term, and there will inevitably be twists and turns in the upward repair process of the market, from a medium and long-term perspective, the current valuation of the A-share market is at a low and medium level since 2010, so there is no need to tangle with the problem of timing too much.
In terms of hot spots, on Wednesday, the property management sector led the rise, the real estate development sector performed strongly, Langold Real Estate Co.Ltd(002305) , Sanxiang Impression Co.Ltd(000863) and other 25 stocks collectively rose, and the Tianjin Free Trade Zone, building materials, dental medicine, securities and other sectors performed actively; Corn sector led the decline, with planting and forestry, genetically modified, coal mining and processing, Shenzhen Agricultural Products Group Co.Ltd(000061) processing and other sectors leading the decline. Today, Rendu biology landed on the science and innovation board, down 10.86%.
hot spot I: the real estate sector soared by more than 5% and 25 shares collectively rose by the limit
On Wednesday, the performance of the real estate sector was eye-catching and rose again, ranking the first in the list, reaching 5.3%. 25 real estate stocks collectively rose the limit, Shenzhen Sdg Service Co.Ltd(300917) 20com rose the limit, Tianjin Tianbao Infrastructure Co.Ltd(000965) 14 day 11 board.
For the investment opportunities of real estate stocks, Dongxing Securities Corporation Limited(601198) believes that in the short term, with the release of policies and the improvement of stability maintenance expectations, the industry policy atmosphere is relatively friendly during this period, and there will be a big game in the market for the reduction of default risk of private enterprises. But in the long run, holding high credit real estate enterprises is a more stable strategy. Under the industry background of frequent thunderstorms in various enterprises, at the sales end, high credit real estate enterprises can win the trust of home buyers; On the supply side, high credit real estate enterprises continue to obtain financing support from financial institutions, and still have the ability to obtain land in the open market and acquire projects through mergers and acquisitions in the current market environment. Market reputation and business strength have laid the foundation for future development. The advantage of financing will promote high credit real estate enterprises to gain advantages in the land and M & a market. The continuous land acquisition and promotion ability and high-quality credit endorsement are also expected to seize the opportunity when the demand recovers and further improve the market share. Recommended China Vanke Co.Ltd(000002) , Poly Developments And Holdings Group Co.Ltd(600048) , Gemdale Corporation(600383) .
hot spot 2: “bull market flag bearer” broke out, Hongta Securities Co.Ltd(601236) and other 2 shares rose by the limit
On Wednesday, the brokerage sector, as one of the market indicators, rose across the board. As of the close, the sector rose by 3.2%, of which Hongta Securities Co.Ltd(601236) , Boc International (China) Co.Ltd(601696) closed at the limit.
Statistics show that 24 listed securities companies have released the performance express of 2021, all of which have achieved positive growth in revenue and net profit.
For the investment in securities companies, Central China Securities Co.Ltd(601375) believes that (1) since March, the equity indexes have dropped significantly again, and the operating environment of the industry’s equity proprietary business is worrying again; After rapid adjustment, the fixed income index fluctuated and consolidated at a relatively low level. On the whole, the overall business environment of the self operated business of the industry is still poor. (2) Affected by factors such as enlarged trading volume and increased trading days, the brokerage business of the industry is expected to rebound significantly in March. (3) The balance of two financial services decreased slightly. It is expected that the marginal contribution of two financial services to the industry’s single menstrual business performance in March will change from positive to negative. (4) The scale of equity financing in the industry and the underwriting scale of various bonds have rebounded sharply at the same time. The total volume of investment banking in the industry will rise significantly month on month, but the absolute volume is still low. (5) Based on the latest changes of various factors in the current market, the overall operating performance of the parent company of listed securities companies in March 2022 is expected to improve month on month, but the total amount is difficult to be optimistic. (6) Since March, the brokerage index has fallen significantly in synchronization with various equity indexes, and the decline has expanded again. The average p / b of the sector has fallen to a low of nearly 1.30 times, and the overall performance is relatively weak. In the short cycle, the brokerage index will still maintain the trend of weak shock at the bottom of the market, and the structural market will still be the main tone; A decent rebound can occur only after the phased fundamentals are improved. Actively maintain the medium and long-term attention to the securities sector and pay attention to the undervalued varieties in the sector.
