There was little pressure to lift the ban on the A-share market this week. The market stopped the decline and rebounded in shock.
Judging from the current market value, the pressure of lifting the ban on A-Shares next week is still small , there are 60 lifting the ban, and the market value of lifting the ban is only 45.725 billion yuan, more than 10 billion less than the scale of lifting the ban this week.
According to choice data, nine companies will be lifted next week, accounting for more than 10% of the total share capital, of which three are science and Innovation Board companies, namely Chengdu Zhimingda Electronics Co.Ltd(688636) , Suzhou Gyz Electronic Technology Co.Ltd(688260) and Zhiyang Innovation Technology Co.Ltd(688191) . The largest proportion of lifting the ban is Zhejiang Sanmei Chemical Industry Co.Ltd(603379) , the proportion of lifting the ban is 68.38%, and the market value of lifting the ban is 8.8 billion yuan; The company Chengdu Zhimingda Electronics Co.Ltd(688636) followed closely, with the proportion of lifting the ban reaching 36.49%, and the market value of lifting the ban was 1.632 billion yuan; In addition, the market value of Luoxin Pharmaceuticals Group Stock Co.Ltd(002793) lifting the ban also reached 2.834 billion yuan, accounting for 22.43%.
It is worth mentioning that from the recent trend of lifting the ban on a large proportion of individual stocks, it seems that they all feel “bad landing” before the lifting date, most stocks had obvious main force flight, and then stabilized or rebounded.
For example, Wanhua Chemical Group Co.Ltd(600309) , which was lifted on March 23, fell sharply before the lifting of the ban. Of course, there are certain market factors among them; Another example is Qingdao Rural Commercial Bank Corporation(002958) , which was lifted on March 28. It also fell a lot before the lifting of the ban, but after the lifting of the ban, it rebounded for many days.
From the perspective of a large proportion of individual stocks to be lifted next week, the vast majority of individual stocks have also fallen significantly recently, and there has been little improvement under the rebound of market shock this week. The share price of Zhejiang Sanmei Chemical Industry Co.Ltd(603379) , which will be lifted in large proportion next week, has fallen by 2.41% this week, and the share price of Chengdu Zhimingda Electronics Co.Ltd(688636) of science and innovation board company has fallen by more than 10% this week.
However, we can rest assured that the scale of the lifting of the ban next week has little impact on the market. Only Industrial Bank Co.Ltd(601166) one company has a lifting scale of more than 10 billion yuan, a lifting market value of 24.8 billion yuan, and only five A-share companies with a lifting scale of more than 1 billion yuan.
Due to the recent strong collective performance of the banking sector, the stock price of Industrial Bank Co.Ltd(601166) has also increased a lot recently, with a cumulative increase of 6.63% this week.
The strong performance of bank stocks is closely related to policy expectations. Ping An Securities pointed out that looking forward to the second quarter of 2022, with the force of steady growth policy and the correction of real estate policy, the banking industry will still be in the channel of negative expectation improvement. At present, the static valuation level of the sector is only 0.63x, which is still at an absolute low in history and has a sufficient margin of safety. It is still optimistic about the valuation repair opportunities of the banking sector.
