The second quarter had a good start.
Affected by the decline of the overnight peripheral market, the A-share market opened lower in the morning on April 1. With the rise of the banking, real estate, coal, steel, catering and tourism sectors, the Shanghai index took the lead in turning red, and then the Shenzhen Composite Index and the gem index turned red one after another, but individual stocks still fell more and rose less. In the afternoon, Shanghai and Shenzhen stock markets maintained the trend of high volatility, with a slight tail warping in the late trading, and the increase has expanded.
By the closing on April 1, the Shanghai Composite Index rose 0.94% to 328272 points; The Kechuang 50 index fell 0.17% to 108919 points; The Shenzhen Composite Index rose 0.91% to 1222793 points; The gem index rose 0.28% to 266697.
So far this week, the Shanghai Composite Index rose 2.19%, the science and innovation 50 index fell 1.6%, the Shenzhen Component Index rose 1.29% and the gem index rose 1.1%.
Wind statistics show that 2029 in the two cities rose, 2587 fell and 137 flat.
On April 1, the total turnover of Shanghai and Shenzhen stock markets was 935.6 billion yuan, a decrease of 73.5 billion yuan from 1009.1 billion yuan on the previous trading day. Among them, the turnover in Shanghai was 405.7 billion yuan, a decrease of 22.4 billion yuan compared with 428.1 billion yuan on the previous trading day, and the turnover in Shenzhen was 529.9 billion yuan.
A total of 82 stocks in Shanghai and Shenzhen rose by more than 9%, and 29 stocks fell by more than 9%.
The total net inflow of northbound funds was 4.421 billion yuan on April 1. Among them, the net inflow of Shanghai Stock connect was 1.689 billion yuan and that of Shenzhen Stock connect was 2.732 billion yuan. So far, the total net inflow of northward funds this week was 22.902 billion yuan.
transportation sector gains ahead
In terms of sectors, the transportation sector rose ahead, and nearly 10 stocks such as Jiangsu Lianyungang Port Co.Ltd(601008) ( Jiangsu Lianyungang Port Co.Ltd(601008) ), Shanghai International Port (Group) Co.Ltd(600018) ( Shanghai International Port (Group) Co.Ltd(600018) ), Chongqing port ( Chongqing Gangjiu Co.Ltd(600279) ), Hainan Haiqi Transportation Group Co.Ltd(603069) ( Hainan Haiqi Transportation Group Co.Ltd(603069) ), Nanjing Shenghang Shipping Co.Ltd(001205) ( Nanjing Shenghang Shipping Co.Ltd(001205) ) rose by the limit.
The performance of tourism travel sector was eye-catching, with the limit of Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) ( Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) ), Jinling Hotel Corporation Ltd(601007) ( Jinling Hotel Corporation Ltd(601007) ), Jiangsu Tianmu Lake Tourism Co.Ltd(603136) ( Jiangsu Tianmu Lake Tourism Co.Ltd(603136) ), Cloud Live Technology Group Co.Ltd(002306) ( Cloud Live Technology Group Co.Ltd(002306) ), Guangzhou Lingnan Group Holdings Company Limited(000524) ( Guangzhou Lingnan Group Holdings Company Limited(000524) ), Xi'An Catering Co.Ltd(000721) ( Xi'An Catering Co.Ltd(000721) ) or more than 10%.
Baijiu shares were eye-catching, leading Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) ), Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) ) rose more than 3%, Jiugui Liquor Co.Ltd(000799) ( Jiugui Liquor Co.Ltd(000799) ) rose more than 6%, Xinjiang Yilite Industry Co.Ltd(600197) ( Xinjiang Yilite Industry Co.Ltd(600197) ) and Shede Spirits Co.Ltd(600702) ( Shede Spirits Co.Ltd(600702) ) rose more than 3%.
There was a correction in the pharmaceutical and biological sector, with the limit of Staidson(Beijing) Biopharmaceuticals Co.Ltd(300204) ( Staidson(Beijing) Biopharmaceuticals Co.Ltd(300204) ), Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) ( Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) ), Innovation Medical Management Co.Ltd(002173) ( Innovation Medical Management Co.Ltd(002173) ), Ningbo Menovo Pharmaceutical Co.Ltd(603538) ( Ningbo Menovo Pharmaceutical Co.Ltd(603538) ), Pku Healthcare Corp.Ltd(000788) ( Pku Healthcare Corp.Ltd(000788) ), China Meheco Group Co.Ltd(600056) ( China Meheco Group Co.Ltd(600056) ) falling by more than 10%.
The architectural decoration sector led the decline, with Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) ( Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) ), Zhejiang construction ( Zhejiang Construction Investment Group Co.Ltd(002761) ), Shenzhen Qixin Group Co.Ltd(002781) ( Shenzhen Qixin Group Co.Ltd(002781) ) and other sectors falling by more than 10%, and Shenzhen Water Planning & Design Institute Co.Ltd(301038) ( Shenzhen Water Planning & Design Institute Co.Ltd(301038) ), China Camc Engineering Co.Ltd(002051) ( China Camc Engineering Co.Ltd(002051) ), Ningbo Construction Co.Ltd(601789) ( Ningbo Construction Co.Ltd(601789) ) and other sectors falling by more than 7%.
if there is contraction shock, we still need to be vigilant against the callback risk
Guotai Junan Securities Co.Ltd(601211) believes that the market continues the shock rebound pattern. The stock index recently recovered its 5-day, 10-day and 20-day moving average, and market sentiment rebounded significantly. However, uncertainty disturbance will inhibit the market risk appetite to continue to rise. In the short term, we need to pay attention to whether the trading volume can continue to expand gently. If there is a contraction shock, we still need to be vigilant against the callback risk.
In terms of operation, it is suggested that bargain hunting should pay attention to varieties with low risk characteristics and strong certainty, and blue chip white horses with undervalued value and high dividend. In addition, benefiting from the expectation of steady growth, the direction of policy support such as infrastructure and real estate is expected to go out of trend opportunities. In terms of theme investment, we can pay attention to the digital economy.
Northeast Securities Co.Ltd(000686) believes that at present, the shock is expected to continue in April, the probability of market bottom is low, and the stable growth related industries and some high boom industries may be stronger. First, in terms of external shocks, the conflict between Russia and Ukraine may ease, and the restriction of the Fed's interest rate hike on China's liquidity is expected to ease in April. The further introduction and implementation of the steady growth policy may lead to further easing of liquidity. Secondly, in terms of economic fundamentals and policy strength, the recent steady growth policy is accelerating the introduction and implementation, and many cities further relax the real estate purchase and loan restriction policy, which is expected to support the economy in April. Market expectations for economic growth may improve. On the whole, the possibility of forming a market bottom in April is relatively small. In the direction of the industry, according to the historical recovery, the real estate, building materials, banking, etc. focused on the current stable growth policy, as well as some high boom industries such as medicine, military industry, TMT and new energy may be dominant.
YueKai Securities believes that the A-share shock repair market is expected to continue in April under the hedging of foreign factors. The change of profit expectation will lead to the differentiation of the market. It is suggested that investors should pay more attention to individual stocks than index, and focus on two main lines around the certainty of performance and the layout of policy force end. First, the performance window is approaching, and pay attention to the pre hi sector of the first quarterly report. April will usher in a performance intensive disclosure period, and the market will return to the verification period of performance. From the perspective of industry prosperity, the performance certainty of basic chemical industry, electronics, medical biology, national defense and military industry is relatively stronger. It is suggested that investors should pay attention to the performance of the first quarterly report in advance in combination with the matching degree of valuation. Second, grasp the main line of policy. As the main policy line, steady growth will remain the main market in the long run. It is suggested to continue to pay attention to new and old infrastructure and investment opportunities in the consumer industry to expand domestic demand. In addition, the recent intensive release of policies in energy, medicine and other industries is expected to usher in rapid development opportunities in relevant sectors. It is suggested to pay attention to high-quality target investment opportunities in policy beneficiary sectors.
