On Wednesday, the market was mainly divided. The Shanghai index rebounded after stepping back on the short-term average, and the record index was relatively weak. It tested 2600 points of support again. In terms of style, the real estate industry chain promoted the Shanghai index to strengthen, and the growth main line continued to operate weakly.
Changjiang Securities Company Limited(000783) Hunan branch chief investment consultant Zou Wuyue (practice certificate No.: s0490616100025) said that technically, the short-term support of the stock index is still valid, and the hourly rebound trend is expected to continue.
On the news side, Premier Li Keqiang chaired an executive meeting of the State Council on April 6 and decided to implement a phased policy of delaying the payment of pension insurance premiums for industries in extreme poverty, strengthen unemployment insurance support for job stabilization and training, and deploy timely use of monetary policy tools to more effectively support the development of the real economy; The minutes of the Federal Reserve meeting once again released the signal of raising interest rates by 50 basis points. The three major indexes of US stocks collectively closed down, with the Dow falling 0.42%, the NASDAQ falling 2.22%, the S & P falling 0.97%, large technology stocks generally falling, NVIDIA falling more than 5% and Tesla falling more than 4%; Another important step was taken in establishing a long-term mechanism to maintain China’s financial stability. On June 6, the people’s Bank of China issued the financial stability law of the people’s Republic of China (Draft for comments), which is now open to the public for comments.
In terms of institutional perspective, Citic Securities Company Limited(600030) released the latest research view that the epidemic accident affected the pace of steady growth, and the urgency of policy overweight increased significantly in the second quarter. It is expected that the steady growth policy will shift from comprehensive deployment to centralized development. A number of pessimistic expectations in the market will see the bottom ahead of the fundamentals in advance, and the negative impact of the economy on the market is weakening from the second quarter. It is suggested to grasp the trend of mid-term repair in the second and third quarters, Firmly layout “two low” varieties. Specifically, the first is the varieties with relatively low valuation. It is recommended to pay attention to high-quality developers, property management and building materials enterprises after the expected mitigation of real estate credit risk, communication operators with significantly improved cash flow, smart grids and energy storage in the field of new infrastructure, data centers and cloud infrastructure benefiting from “East digital West computing”, and fine chemical enterprises with the ability to develop new businesses such as new materials. Second, the varieties whose fundamentals are expected to be relatively low, focus on the allocation opportunities of midstream manufacturing suppressed by the cost problem after the commodity price peaked, such as smart cars and parts, photovoltaic wind power equipment, etc. the airlines, hotels and department stores whose fundamentals are expected to be still low.
On the whole, the current market has the characteristics of strengthening. In the future, the expectation of RRR reduction in April is relatively strong, and it will continue to rise in the short term or under the support of 5 antennas. It is suggested to focus on whether there is an effective resonance between volume and price, and steady investors can actively grasp the low absorption opportunity of stepping back on the moving average. The above suggestions are for reference only. There are risks in the market and investment should be cautious.
