On April 12, the three major A-share indexes suffered a weak shock in the morning and rebounded in the afternoon, with an upward shock. As of the close, the Shanghai index rose 1.46%, the Shenzhen Composite Index rose 2.05% and the gem index rose 2.5%.
Overall, individual stocks rose more and fell less. More than 3700 individual stocks rose in the two cities, and nearly 100 stocks rose by the daily limit. The turnover of Shanghai and Shenzhen stock markets today was 916.5 billion, a decrease of 47.2 billion compared with the previous trading day.
On the disk, hotel catering, tourism, wine making, shipping, transportation services, transportation facilities, securities and other sectors led the rise, while tourism, tax-free concept and new retail raised the tide of limit; Real estate, building materials, construction and other sectors fell.
Wuliangye Yibin Co.Ltd(000858) soared by 6.65%, with a full day turnover of 5.3 billion yuan.
Real estate leader Tianjin Tianbao Infrastructure Co.Ltd(000965) late trading “sky floor” hit the limit, and the turnover rate reached 30%.
According to wind data, northbound funds rushed into the market in the afternoon, sweeping the large consumption sector, buying a net 9.137 billion yuan throughout the day, ending the net selling trend for four consecutive days; Among them, the net purchase of Shanghai Stock connect was 4.227 billion yuan and that of Shenzhen Stock connect was 4.91 billion yuan.
[institutional perspective]
Guosen Securities Co.Ltd(002736) : with the rise of China’s capital interest rate under the main line of “steady growth” and the rhythm of partial interest rate increase replaced by the Federal Reserve in the second half of the year, liquidity is expected to usher in a window period in the third quarter. The policy pulse bottomed twice and the bottom position is lower than that in the fourth quarter of last year. The bottom rebound of the stock market may have to wait until the third quarter. At that time, we can also pay attention to the switching of style.
Galaxy Securities: compared with the previous decline rhythm of the market, after the policy bottom is established, the short-term probability of the market has rebounded positively, but the market bottom still needs to reach the bottom again. The current market temperature is still higher than that at the end of the previous policy. The current round of decline (2021 / 12 / 13 – to date) of the Shanghai Composite Index has decreased by 14%, which is smaller than that in the previous rounds. The fundamentals are still in the downward channel, and the external market environment is complex. Therefore, it still takes time for the market bottom to come, and the market probability continues to fluctuate and build the bottom.
Wanlian Securities: the disclosure of the annual report is coming to an end, the economic data of the first quarter will be released soon, and the policy effect and industry prosperity will be verified. In terms of industry allocation: the implementation progress of infrastructure investment is still slow, and the steady growth measures will be increased. We will continue to pay attention to new infrastructure fields that benefit from the rapid implementation of policies and projects; Upstream commodity prices are running at a high level, and inflation data is expected to rise. Look for allocation opportunities along the logic of industrial product price rise.
