On April 1, driven by the sectors of wine making and finance, the Shanghai index rose strongly, once rising by more than 1%, and maintained a strong shock trend in the afternoon; Shenzhen Component Index and gem index rose sharply in the session, and the growth rate of gem index narrowed significantly in the afternoon; The transaction volume of the whole market was 930 billion yuan, which was more than 930 billion yuan.
As of the close, the Shanghai index rose 0.94% to 328272 points, the Shenzhen Composite Index rose 0.91% to 1222793 points, and the gem index rose 0.28% to 266697 points; The total turnover of the two cities was 935.6 billion yuan, and the net purchase of northbound funds was 4.421 billion yuan.
On the disk, hotel catering, shipping, port and tourism sectors led the increase, while media, banking, real estate, brewing, securities companies, insurance and other sectors all strengthened; Online games, tax-free concepts and other themes are active; Weak sectors such as medicine, construction, medical care and software; Covid-19 drugs and CXO concepts fell sharply.
Northeast Securities Co.Ltd(000686) pointed out that at present, the shock is expected to continue in April, the probability of market bottom is low, and the growth maintaining 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. In the context of the current economic downturn, the further introduction and implementation of the steady growth policy may lead to further easing of liquidity, which does not rule out the possibility of further interest rate and reserve requirement cuts. Secondly, in terms of economic fundamentals and policy strength, although the rebound of the epidemic has had an impact on the economy, 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. In addition, Shanghai has implemented comprehensive risk control, the inflection point of the epidemic is expected to come, and the market expectation of economic growth may be improved. 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 growth policy, as well as some high boom industries such as medicine, military industry, TMT and new energy may be dominant.
YueKai Securities said that it is expected that under the hedging of foreign factors in April, the A-share shock repair market is expected to continue. 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 quarter report in advance in combination with the valuation matching degree. 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.
