The market rotation intensified, and cyclical stocks such as coal and cement continued to rise this morning.
In the morning trading on April 7, the three major A-share indexes continued to fluctuate after opening low, and more than 4000 stocks turned green as of midday closing; From the market sector, coal, cement and other sectors rose against the trend, and covid-19 medicine and real estate, which led the rise the previous day, were “flameout”.
The internal differentiation of the callback sector has also intensified. Taking the real estate sector as an example, some stocks still kept rising in the morning. As of the midday closing, China Wuyi Co.Ltd(000797) has gained the one-stop limit for five consecutive trading days, and Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) has also increased the limit for three consecutive trading days.
coal and cement strengthen hand in hand
institutions are optimistic about the prosperity of infrastructure chain
Since the beginning of the year, the coal sector with the strongest performance among the 31 shenwanyi industries has taken the lead again today. The data show that as of the noon closing, the coal sector rose 0.90%, with Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Inner Mongolia Tianshou Technology&Development Co.Ltd(000611) , Henan Dayou Energy Co.Ltd(600403) , Shanxi Coking Co.Ltd(600740) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , etc.
The cement sector, which belongs to the same cycle stock as coal, also performed well. According to the data, among the concept sectors, the western cement concept sector took the lead with an increase of 3.93%, and the cement manufacturing concept sector rose 1.42% for half a day; Among individual stocks, Yunnan Bowin Technology Industry Co.Ltd(600883) rose by the limit, Sichuan Shuangma Cement Co.Ltd(000935) , Tibet Tianlu Co.Ltd(600326) , Xinjiang Qingsong Building Materials And Chemicals(Group)Co.Ltd(600425) and other stocks followed suit.
Western infrastructure, Xinjiang revitalization and other concept sectors also led the rise in early trading today, with a cumulative increase of more than 8% since the beginning of the year; Among the constituent stocks, individual stocks such as Xinjiang Communications Construction Group Co.Ltd(002941) , Xinjiang Guotong Pipeline Co.Ltd(002205) , China West Construction Group Co.Ltd(002302) , Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) , etc. rose by the limit in the morning trading.
For the coal sector, Citic Securities Company Limited(600030) believes that the fluctuation rhythm of the short-term sector still follows the change of overseas crude oil price. It is expected that the short-term overseas energy price will remain high and the amount of imported coal will be reduced, which will strongly support China’s coal price; Medium term steady growth, real estate policy relaxation and other policy expectations will also support the industry demand expectations. According to the current performance expectations and valuation level, coupled with the high dividend plans of some leading companies, the sector still has a rising catalyst and is still expected to achieve significant excess returns.
In Soochow Securities Co.Ltd(601555) view, steady growth is expected to continue to increase, and the prosperity of the medium-term infrastructure chain continues to rise. It is suggested to pay attention to the investment opportunities in the construction sector from the following three directions: first, the valuation of leading infrastructure enterprises with historically low valuation and stable performance is expected to continue to repair; Second, the energy-saving infrastructure and the related fields of energy-saving construction are expected to benefit from a higher degree of transformation; Third, the reform direction of state-owned enterprises. It is suggested to pay attention to the themes of performance improvement under cost reduction and efficiency increase, new business transformation layout and asset restructuring.
real estate sector differentiation further intensified
From the overall performance of the market in early trading today, more than 4000 stocks turned green as of the noon closing. Among them, the real estate sector with strong performance the previous day had a large correction range and obvious internal differentiation.
According to the data, as of the midday closing, the real estate sector ranked the last in 31 Shenwan industries with a decline of 2.72% Cosmos Group Co.Ltd(002133) , Shahe Industrial Co.Ltd(000014) , Beih-Property Co.Ltd(600791) , Shenzhen Properties & Resources Development (Group) Ltd(000011) and other stocks fell by the limit in batch, of which Cosmos Group Co.Ltd(002133) , Shahe Industrial Co.Ltd(000014) , Beih-Property Co.Ltd(600791) just rose by the limit yesterday.
However, it is worth noting that not all real estate stocks suffered a correction today. As of midday closing, Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) has been trading for the third consecutive trading day China Wuyi Co.Ltd(000797) performed more prominently, gaining a one word limit for five consecutive trading days Macrolink Culturaltainment Development Co.Ltd(000620) , Sichuan Languang Development Co.Ltd(600466) and other stocks also continued to rise.
Guosen Securities Co.Ltd(002736) firmly optimistic about the investment opportunities in the real estate sector. From the perspective of individual stocks, in the development industry, state-owned enterprises with low market value and undervalued value, central enterprises and private enterprises whose operating risks have been fully reflected have a large margin for improvement; In the property management industry, the market share of developers of state-owned enterprises and central enterprises has been definitely increased, and their brother property companies can obtain more market share. At the same time, the valuation has certain advantages.
The current round of real estate market is strongly driven by policy expectations. In the view of insiders, it is not only the real estate industry that benefits. Anxin Securities believes that the expectation of marginal easing of real estate policy will help alleviate the market’s concerns about the credit risk of trust and insurance, improve the quality of trust and insurance assets, and boost the valuation level of corresponding stocks, which should be paid special attention to.
covid-19 general recall of specific drug concept
Covid-19 specific drug related concept stocks fell again in early trading today after rising sharply yesterday.
According to the data, as of the midday closing, covid-19 specific drug concept sector fell by more than 4%, only Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) rose slightly among the constituent stocks, Honz Pharmaceutical Co.Ltd(300086) and Nuokang biological fell by more than 11% in half a day, China Meheco Group Co.Ltd(600056) fell by 7.73%, and Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) fell by more than 7%.
According to the latest statistics of the National Health Commission, from 0:00 to 24:00 on April 6, 31 provinces (autonomous regions and municipalities directly under the central government) and Xinjiang production and Construction Corps reported 1323 new confirmed cases; As of 24:00 on April 6, 31 provinces (autonomous regions and municipalities directly under the central government) and Xinjiang production and Construction Corps have reported 24123 confirmed cases (including 85 severe cases) and 21784 new asymptomatic infections.
From the perspective of layout, in addition to paying attention to the relevant targets of specific drugs, Citic Securities Company Limited(600030) also believes that considering the good protection effect of mRNA vaccine and the layout of many Chinese enterprises in relevant fields, relevant enterprises are expected to benefit significantly with the continuous promotion of clinical trials.
