Double financing balance
As of April 6, the two financial balances of Shanghai Stock Exchange reported 892262 billion yuan, an increase of 3.965 billion yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 774697 billion yuan, an increase of 2.442 billion yuan over the previous trading day; The two cities totaled 166696 billion yuan, an increase of 6.407 billion yuan over the previous trading day.
Latest views
On Wednesday, the Shanghai composite index was dominated by shock consolidation throughout the day, and turned red tenaciously at the end of the day Contemporary Amperex Technology Co.Limited(300750) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Sungrow Power Supply Co.Ltd(300274) , Eve Energy Co.Ltd(300014) and other downturn, and the gem index is under pressure. As of the close, the Shanghai stock index rose 0.02%, the Shenzhen Component Index fell 0.45%, the gem index fell 1.24%, the Shanghai and Shenzhen 300 fell 0.29%, the Shanghai Stock Exchange 50 fell 0.41%, and the China Stock Exchange 500 fell 0.12%. The number of gainers in the two cities was 3251, higher than the average value of 2185 last week and 2029 in the previous trading day. The number of daily limit was 104, higher than the average value of 76 last week and 88 the previous trading day. The number of decliners in the two cities was 1407, lower than the average value of 2434 last week and lower than 2587 in the previous trading day. The number of drop limits was 17, lower than the average value of 23 last week and lower than 23 on the previous trading day. Northbound funds had a net outflow of 5.321 billion yuan, with an average net inflow of 4.580 billion yuan last week and a net inflow of 4.421 billion yuan the previous trading day. The turnover of the two cities was 966228 billion yuan, with an average value of 927825 billion yuan last week and 936029 billion yuan the previous trading day. A shares continue to shrink, which means that the market trading is in a downturn and will continue to see back in the short term.
On April 6 local time, the United States announced a new round of sanctions against Russia, and the pace of easing the conflict between Russia and Ukraine stalled. At present, the market still lacks a stable long-term logic, so it is difficult for the market to have a trend upward market, which is also one of the core factors of the market downturn.
Topic tracking
Today’s focus: steel industry, pig breeding, traditional Chinese Medicine
1. Steel industry theme: according to the data released by China Iron and Steel Association, in March (accumulated to mid March), the national average daily output of crude steel was 2.6207 million tons, a year-on-year decrease of 13.59%. In mid March, the social inventory of five major varieties of steel in 21 cities was 14.21 million tons, a month on month decrease of 320000 tons, down 2.2%, and the inventory continued to show a downward trend. China’s steel social inventory continues to decline, and there are obvious signs of improvement on the demand side. As of Friday, the spot price of HRB400 20mm deformed steel bar (Shanghai) was 5020 yuan / ton, up 30 yuan / ton from last Friday. The average trading volume of building materials on Sunday was about 180000 tons, an increase of 17.6% month on month. The marginal real estate policy is relaxed, traditional infrastructure projects are overweight, and the demand for steel is expected to further increase. Suggestions for attention: Hunan Valin Steel Co.Ltd(000932) ( Hunan Valin Steel Co.Ltd(000932) ), Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) ( Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) ) 2. Pig breeding theme: on February 12, the State Council issued the “14th five year plan for promoting agricultural and rural modernization”, which pointed out that the pork production capacity should be stabilized at about 55 million tons, and the number of fertile sows should be controlled at about 41 million, no less than 37 million. On February 28, according to the monitoring of the national development and Reform Commission, last week, the national average pig price ratio was 4.98:1, entering the level-1 early warning range of excessive decline determined in the plan for improving the regulation mechanism of government pork reserves and ensuring supply and stable price in the pork market. On March 15, the national development and Reform Commission said that it would start the collection and storage of the third batch of central frozen pork reserves with relevant departments this year and guide all localities to speed up the collection and storage. With the decline of pork prices and the continuous rise of feed prices, the de production of fertile sows is expected to be further accelerated, which will accelerate the arrival of the inflection point of the industry cycle. Suggestions for attention: Tecon Biology Co.Ltd(002100) ( Tecon Biology Co.Ltd(002100) ), Wellhope Foods Co.Ltd(603609) ( Wellhope Foods Co.Ltd(603609) ) 3. Theme of traditional Chinese medicine industry: on March 29, the general office of the State Council issued the “14th five year plan” for the development of traditional Chinese medicine, proposing that by 2025, the health service capacity of traditional Chinese medicine will be significantly enhanced, and the policies and system for the high-quality development of traditional Chinese medicine will be further improved. At the same time, it puts forward the specific development objectives and 15 main development indicators of traditional Chinese medicine service system, and deploys ten key tasks. At the press conference on epidemic prevention and control in Shanghai held on April 5, Fang min, President of Shuguang Hospital Affiliated to Shanghai University of traditional Chinese medicine and head of the epidemic prevention and control base of traditional Chinese medicine, said that traditional Chinese medicine had played a positive role in covid-19 epidemic prevention and control, and the utilization rate of traditional Chinese medicine remained stable at more than 98% for positive infected people in Shanghai. Preliminary clinical data show that traditional Chinese medicine shows unique advantages in accelerating discharge rate and blocking progress. Suggested attention: Xiangxue Pharmaceutical Co.Ltd(300147) ( Xiangxue Pharmaceutical Co.Ltd(300147) ), Jilin Zixin Pharmaceutical Industrial Co.Ltd(002118) ( Jilin Zixin Pharmaceutical Industrial Co.Ltd(002118) )
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
