As of the afternoon of January, the real estate index and the growth enterprise index continued to fall by more than 31%, although they continued to rise by more than 31% in the afternoon. In addition, digital currency, water conservancy, coal and other sectors also led the rise todayP align = “center” note: performance of all sectors today (closing as of March 31)
real estate has the best performance this month. How to configure the main line in April
Looking back on the market of the whole March, A-Shares experienced a sharp decline at the beginning of the month and began to repair gradually in the middle of the month. Recently, they have continued to fluctuate and the market sentiment is weak. As of today’s (March 31) closing, the Shanghai and Shenzhen indexes have fallen by 6.1% and 9.9% respectively this month, while the gem index has fallen by nearly 7.7%. From the perspective of sector performance, the sectors of real estate development, traditional Chinese medicine and covid-19 drugs performed best. The cumulative monthly increase of the sector index exceeded 10%, and the sectors such as coal, aquaculture and chemical pharmacy also led the increase, while the sectors such as wind power equipment, energy metals and chip semiconductors fell sharplyP align = “center” note: the performance of each sector index since this month (closing on March 31)
China Galaxy Securities Co.Ltd(601881) Securities believes that it will take time for the market to reach the bottom, and this round of rebound can be positive and promising. The establishment of the policy base has greatly boosted market confidence, and the market has gradually risen since then. Comparing the market environment at the end of the previous policy, we can find that: 1 During the previous policy development, China’s economic indicators were in the downward range, with a significant decline in economic growth. At the same time, the profits of all A-listed companies were fully downward. After the policy bottom was established, the short-term probability of the market rebounded positively, and the bottom of the market still needs to be explored again. 2. The current round of market decline is different from the previous market environment: the current market temperature is still higher than that at the end of the previous policy.
For the coming April, many securities companies also made predictions. The allocation direction is mainly focused on the two main lines of steady growth and high prosperity in addition, the restoration after the epidemic and the concept of global inflation are also involved. Among them, the main line of steady growth is still the most popular, Citic Securities Company Limited(600030) pointed out that under the influence of China’s epidemic, the strength and urgency of the economy to the steady growth policy are increasing. With the implementation of various policy options, the steady growth policy has entered the secondary force window, and the fundamentals are expected to enter the repair channel. It is suggested to continue to stick to the main line of “steady growth”P align = “center” note: the configuration suggestions for April in the recent research report of securities companies
performance disclosure period is coming, which industries can pay attention to
With the time entering April, the traditional performance report disclosure period is approaching, and listed companies will also successively disclose the first quarterly report or the first quarterly report forecast. Stocks and sectors with expected performance exceeding expectations often become the favored objects of funds Haitong Securities Company Limited(600837) pointed out that “April decision” is a common phenomenon of a shares. This is because after April, the macro data of the first quarter were gradually released, and the annual reports and quarterly reports of micro enterprises began to be disclosed. After spring, the fundamentals became clearer and the macro policy situation became clearer after the two sessions of the National People’s Congress and the National People’s Congress. Therefore, investors can make a clearer judgment in April.
For which industries deserve attention, Wanlian Securities believes that the listed companies that actively disclose the operation from January to February have strong strength. Although the overall performance of the A-share market from January to February was poor, the fundamentals of the operation of strong listed companies have not changed, and the first quarter report is expected to have a bright performance. From the perspective of industry distribution:
1) benefiting from the price rise of bulk commodity raw materials, the performance of nonferrous metals, iron and steel, basic chemical and other industries in the upstream industry ranks high;
2) new energy industry chain related industries fundamentals continue to improve;
3) the process of domestic production of high-tech products is accelerated. At the same time, the market for “intelligent” and “digital” applications is broad, the demand for semiconductor semiconductor continues to be strong, and the business performance of electronic industry is greatly improved;
4) under the influence of covid-19 epidemic, vaccines, testing reagents and oral drug research and development, the revenue and profit of relevant pharmaceutical and biological enterprises have improved significantly;
5) the main line of price increase is smooth, and the of food and beverage industry represented by Baijiu still maintains a higher profit level.
In addition, a number of listed companies recently announced dividends, and the corresponding stocks also boosted market sentiment and showed a high prosperity of the industry. According to the data of Zheshang Securities Co.Ltd(601878) Research Report, as of March 27, 2022, 582 companies have disclosed the annual report data and cash dividend plan at the same time, with a total cash dividend amount of 441.1 billion yuan. The dividend rate of the planned company was 36%, an increase of 1.8 percentage points over last year. By industry, the top five industries in shenwanyi industry index are banking, communications, non bank finance, coal and building materials .
