On April 8, the stock index bottomed out in the morning and rose slightly in the afternoon driven by real estate, finance and other sectors; The Shenzhen composite index fell back again after rebounding in the session and fluctuated in a narrow range in the afternoon; Gem refers to the intraday rise and fall, with a slight dip in the afternoon; The transaction between the two cities was about 920 billion yuan, with a small net outflow of funds from the north.
As of the close, the Shanghai index rose 0.47% to 325185 points, the Shenzhen composite index fell 0.11% to 1195927 points, and the gem index fell 0.33% to 256991 points; The total turnover of the two cities was 926.4 billion yuan, and the net sale of funds from the North was 627 million yuan.
On the disk, construction, construction machinery, tourism, real estate and other sectors rose strongly, while building materials, steel, securities companies, ports, insurance, coal, banking and other sectors rose; Traditional Chinese medicine, education, health care, media, agriculture and other sectors led the decline, covid-19 drugs, covid-19 detection, online game concept and other trends were weak, and phosphorus concept, water conservancy construction, gold concept and other themes were active.
Soochow Securities Co.Ltd(601555) pointed out that the main line of market certainty this year is steady growth. Since the first quarter, the trend of infrastructure, real estate and finance has been relatively strong. On the contrary, the growth direction of consumption, science and technology, which has performed strongly in the past two years, has been obviously under pressure. On the one hand, the global interest rate hike has suppressed the growth direction. On the other hand, the repeated epidemic in China has a great impact on consumption, The disk is active, and the funds choose the direction of steady growth, but we should still pay attention to the short-term risks. In April, the debts of many real estate companies expired, the real estate fundamentals have not stabilized, and the market speculation is on the left. In the aftermarket, the short-term growth direction needs to be carefully avoided, especially the varieties sold by institutions. At present, the market value stocks are relatively dominant. Before the Federal Reserve’s interest rate hike falls in May, the market is still repeated. In terms of operation, we can focus on the varieties that have been fully adjusted in the early stage and can not be verified, or the prosperity of the first quarter is OK and the performance is deterministic, and carry out low absorption in batches.
Northeast Securities Co.Ltd(000686) said that according to the historical resumption of trading, among the rebound after the end of the policy, the industries with improved prosperity and oversold are the main lines leading the rise; At present, the direction of prosperity improvement is mainly the industries that have steady growth and benefit from the epidemic and post epidemic repair. The industries that have oversold are mainly the high growth industries suppressed by the decline of profits and the contraction of liquidity. In terms of specific industry direction, first of all, in terms of economic improvement, the steady growth policy was further introduced and implemented to enhance the profit improvement expectation of real estate, building materials and other industries; The increase of online demand under the epidemic and the increase of digital governance demand caused by scientific epidemic prevention after the epidemic have improved the profit expectation of the media and computer industries. The release of mass consumption demand after the epidemic is expected to improve the profits of relevant industries. Secondly, the growth industries such as medicine, new energy, semiconductor and military industry are oversold in the early stage, but the prosperity expectation is still high.
