On April 6, the stock index fell in a weak shock, rose slightly in the afternoon, then fell again, and barely turned red in the late trading; Both the Shenzhen Component Index and the gem index fell during the session, and the gem index fell by more than 1%; The daily turnover of the two cities exceeded 960 billion yuan, the northward capital showed a net outflow trend, and the daily net sales exceeded 5 billion yuan.
As of the close, the Shanghai index rose 0.02% to 328343 points, the Shenzhen composite index fell 0.45% to 1217291 points, and the gem index fell 1.24% to 263391 points; The total turnover of the two cities was 9661 yuan, and the net sale of funds from the North was 5.321 billion yuan.
On the disk, steel and real estate sectors rose strongly, education, petroleum, home furnishings, building materials, construction, banking, tourism, medicine, agriculture and other sectors strengthened, while semiconductor, aviation, lithium mine, lithium battery, photovoltaic and other sectors weakened; Chicken concept, assembly building, digital currency, covid-19 medicine, tax-free concept and other themes are active.
For the recent market trend, Huaxi Securities Co.Ltd(002926) said that the “policy bottom” of this round of A-Shares has been basically proved, and the probability of “shock upward after grinding the bottom” is high. After the resumption of trading in 2008, A-Shares have bottomed all over the time. The confirmation of “policy bottom” is usually accompanied by the continuous introduction of policy combination, including monetary policy, fiscal policy and capital market related policies. After the “policy bottom” is confirmed, the market often rebounds, but the construction of the market bottom is often not achieved overnight. The disturbance of external factors or concerns about economic fundamentals may make the market grind the bottom again. The “policy bottom” of this round of A-Shares has been basically proved, and the “market bottom” is not too far away. The Shanghai stock index is near Jinlong Machinery & Electronic Co.Ltd(300032) 00 points or a relatively solid bottom, and there is a high probability of shock and upward after the bottom of A-Shares is worn in the future.
China Industrial Securities Co.Ltd(601377) pointed out that at present, it is still the window of emotional repair, and the consolidation of index shock focuses on structure. Structurally, it focuses on three directions: real estate + high dividend + the first quarterly report is higher than expected. 1) Real estate (state-owned enterprise real estate and trust): on the one hand, the relaxation of real estate policy is expected to continue to heat up, which is expected to drive the further repair of state-owned enterprise real estate valuation. On the other hand, the gradual resolution of real estate credit risk also brings opportunities for backwardness and make-up of relevant targets. In addition, we can also focus on trusts that benefit from both policy easing expectations and real estate credit risk mitigation. 2) High dividends (banks and securities companies): on the one hand, the global market is still in a chaotic situation of high volatility. On the other hand, the expectation of China’s policy relaxation continues to heat up. High dividend sectors such as banks and securities companies are both safe and policy driven, and can attack and retreat. 3) The first quarterly report exceeded expectations (semiconductor, chemical industry, military industry, medicine, nonferrous metals, photovoltaic and coal): the sectors with better than expected performance in the quarterly report period generally performed better. At present, among the stocks that disclose the first quarterly report in advance and win in advance, the disclosure rate of semiconductor, chemical industry, military industry, medicine, nonferrous metals, photovoltaic and coal is high, and the overall probability of the sector exceeding expectations is high. In the medium and long term, we will continue to focus on the five major directions of scientific and technological innovation. 1) New energy (new energy vehicles, photovoltaic, wind power, UHV, etc.), 2) new generation information and communication technology (artificial intelligence, big data, cloud computing, 5g, etc.), 3) high-end manufacturing (intelligent CNC machine tools, Siasun Robot&Automation Co.Ltd(300024) , advanced rail transit equipment, etc.), 4) biomedicine (innovative drugs, CXO, medical devices and diagnostic equipment, etc.), 5) military industry (missile equipment, military electronic components, space station, space shuttle, etc.)
future analysis
Yuanda: the main line of steady growth is obvious. Pay attention to the rhythm in these fields!
Jufeng investment adviser: the oversold rebound is coming to an end, and the repeated shocks of A-Shares will continue to find the bottom!
