On Wednesday, the Shanghai and Shenzhen stock markets opened higher and walked higher. The gem index, which had a large correction range in the early stage, led the rise. The industry sector rose more and fell less. More than 3700 stocks in the two markets rose. As of the close, the Shanghai Composite Index closed at 326660 points, up 1.96%; The Shenzhen Component Index rose 3.1% and the gem index rose 4.02%. The net purchase of northbound funds throughout the day was nearly 13 billion yuan, the most recently. The transaction volume of the two cities was also significantly larger than that of the previous day, reaching 958.4 billion yuan.
real estate sector shows strength again
On the disk yesterday, the real estate sector showed strength again after a brief correction on Tuesday. It rose the most among the 31 Shenwan industries, with an overall increase of more than 5%. Among them, Shenzhen Sdg Service Co.Ltd(300917) reaped a 20% increase in the limit, Tianjin Tianbao Infrastructure Co.Ltd(000965) increased the limit again, Cccg Real Estate Corporation Limited(000736) , Cinda Real Estate Co.Ltd(600657) and other stocks increased compared with the previous.
Driven by real estate stocks, related building materials, cement and other sectors also rose sharply. The leading waterproof material in the market value of 100 billion yuan Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) closed the limit, and Huaxin Cement Co.Ltd(600801) , Gansu Shangfeng Cement Co.Ltd(000672) rose by more than 6%. Baijiu, lithium and other sectors have also seen a long jump. Wuliangye Yibin Co.Ltd(000858) rose by over 5%, Kweichow Moutai Co.Ltd(600519) rose 3.79% and Contemporary Amperex Technology Co.Limited(300750) rose 6.59%.
The real estate sector has been active since March 16 Guotai Junan Securities Co.Ltd(601211) securities strategy team said that under the background of “implementing policies according to the city”, the first mortgage interest rate and second home mortgage interest rate in 103 key cities in China have decreased significantly month on month since March, with the largest monthly decline since 2019. In addition, the policy in many places has been relaxed, and the down payment ratio of underground housing loans in Nanning, Beihai and other places in Guangxi has been reduced to 20% at the lowest; Following the sale of grace loans in Zhengzhou, Harbin also cancelled the measures of restricting transactions within three years, down payment for second homes and strict interest rate control Guotai Junan Securities Co.Ltd(601211) Securities said that although the transaction area of new houses is declining, the real estate boom is expected to improve with the introduction of favorable policies.
north to raise more than 10 billion yuan
In terms of capital, northbound funds bought RMB 12.726 billion unilaterally all day yesterday, and the single day net purchase reached a new high since October 2021. From the specific stocks, Baijiu shares were heavily bought by north capital, and Kweichow Moutai Co.Ltd(600519) and Wuliangye Yibin Co.Ltd(000858) were net purchases of 917 million yuan, 606 million yuan, and Luxshare Precision Industry Co.Ltd(002475) net purchase amount of 541 million yuan. Aier Eye Hospital Group Co.Ltd(300015) net sales topped the list, with an amount of 187 million yuan.
Liu Jinjin, chief China equity strategist of Goldman Sachs, said that the net inflow of more than 10 billion yuan of funds from the north on Wednesday mainly reflected the easing of international investors’ concerns about geopolitical risks, and the recovery of European and American stock markets.
Liu Jinjin believes that in the medium and long term, international investors will continue to improve the allocation of A-share assets. “Our judgment on the A-share market is to remain optimistic, and the probability of the stock index bottoming again and returning to the level in mid March is low. If there is no black swan event, we believe that A-shares should have more room for rebound, and the net inflow of northward funds during the year is expected to be about US $75 billion.” He said.
It is worth noting that in the past two weeks, the range of northward capital outflow has narrowed significantly China Securities Co.Ltd(601066) securities statistics show that since last week, the allocation of foreign capital in northward funds has turned into inflow. Specifically, last week, the inflow of allocated foreign capital was 10.29 billion yuan and the outflow of trading capital was 22.27 billion yuan. The industries with the highest increase amount of configuration foreign capital include medicine and medical treatment (1.42 billion yuan), power supply equipment (1.22 billion yuan) and electrical equipment (860 million yuan).
“steady growth” is still concerned
Yesterday, in addition to the real estate sector, big finance was also an important factor driving the rise of the index: the brokerage sector led the rise, Hongta Securities Co.Ltd(601236) , Boc International (China) Co.Ltd(601696) limit; Among insurance and banking stocks, China Life Insurance Company Limited(601628) , China Citic Bank Corporation Limited(601998) led gains. Looking forward to the future, most institutions agree that the main line of “stable growth” represented by new and old infrastructure and finance is still the focus of the market for some time in the future.
Haitong Securities Company Limited(600837) chief strategist Xun Yugen believes that 2022 is a rest in the “long bull” and a stage of shaking the market and gaining momentum. In a wave of adjustment in early March, the low point of this year has a high probability. In the future, it will be the “pit filling” market. Steady growth will be the main line of this “pit filling” market.
Haitong Securities Company Limited(600837) believes that the steady growth policy is expected to directly drive the growth of new and old infrastructure investment. Among them, “new infrastructure” is the balance point between short-term stable growth and medium – and long-term economic restructuring, and the starting point for China’s economy to move towards high-quality and innovative development. Investors are advised to lay out new infrastructure and financial real estate sectors along the main line of steady growth policy.
