U.S. stocks fell overnight, and A-Shares were also hurt today (April 13). Shanghai and Shenzhen stock markets opened low across the board, and the stock index rebounded in the shock in the morning. In the afternoon, under the pull of financial stocks, the stock index once turned red; However, the index dived lower at the end of the day, showing an “inverted V” pattern throughout the day.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index fell 0.83% to 318682 points; The Shenzhen composite index fell 1.6% to close at 1156817 points; The gem index fell 2.25% to close at 246684.
From the disk point of view, the industry and concept sectors fell more and rose less, many popular stocks exploded at the end of the day, and the local profit-making effect plummeted. In terms of industries, logistics, coal, energy metals, nonferrous metals, wine making, petroleum and other industries led the rise; In terms of subject shares, the concept of express delivery, scarce resources, industrial aircraft, Import Expo, Baijiu and other gainers were among the top gainers.
In terms of funds, the central bank announced on April 13 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on April 13, 2022, with a bid winning interest rate of 2.1%. In view of the maturity of 10 billion yuan of reverse repurchase and 70 billion yuan of treasury cash deposit today, the people’s Bank of China has realized a net return of 70 billion yuan in the open market according to the full caliber calculation.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to China Securities News, China Internet Finance Association, Bank Of China Limited(601988) Industry Association and China Securities Industry Association jointly issued a proposal on preventing NFT related financial risks on April 13. The initiative points out that in recent years, China’s NFT (non-homogeneous token) market has continued to heat up. As an innovative application of blockchain technology, NFT shows certain potential value in enriching the digital economy model and promoting the development of cultural and creative industries, but there are also risks and hidden dangers such as speculation, money laundering and illegal financial activities. At the same time, it is proposed to stick to the bottom line of behavior and prevent financial risks. We will resolutely curb the tendency of NFT’s financialization and securitization, strictly prevent the risks of illegal financial activities, and consciously abide by the following codes of conduct.
2. According to the first financial report, the Ministry of industry and information technology issued the 2022 work plan of the industrial Internet special working group, which pointed out that it would continue to improve the construction of the national industrial Internet big data center and promote the construction of regional and industrial sub centers as a whole. It will support qualified industrial Internet enterprises to issue securities and list them in the initial public offering, list them at the basic level and innovation level of the national share transfer system, and refinance through additional issuance, share allotment, convertible bonds and other means.
3. According to the news client of China Central Television, the Information Office of the State Council held a press conference. According to the relevant person in charge of the General Administration of customs, the total value of China’s foreign trade import and export in the first quarter was 9.42 trillion yuan, an increase of 10.7% year-on-year, and the foreign trade import and export started smoothly. Customs statistics show that in the first quarter of this year, the total value of China’s foreign trade imports and exports was 9.42 trillion yuan, an increase of 10.7%, of which exports were 5.23 trillion yuan, a year-on-year increase of 13.4%; Imports amounted to 4.19 trillion yuan, an increase of 7.5% year-on-year.
4. According to the website of the Central Commission for Discipline Inspection and the State Supervision Commission, affected by the epidemic and other factors, the current operation of the capital market is facing many uncertainties and great pressure for stable operation. In order to maintain the healthy and stable development of economy and finance, the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the State Supervision Commission in the CSRC, based on its functions and responsibilities, continues to strengthen political supervision, promote and strengthen securities supervision and law enforcement with strong supervision, and effectively prevent and resolve capital market risks. While urging the strict control of the entry of the capital market, the discipline inspection and supervision team stationed in the CSRC also focused on improving the quality of listed companies and strengthening the crackdown on violations of laws and regulations. The relevant person in charge of the discipline inspection and supervision team of the CSRC said that he would seriously do a good job in the overall connection between the anti-corruption and risk disposal in the capital market, focus on the supervision of the risk disposal in key areas, timely find and urge the response to emerging and tendentious problems, further form a working force with the Party committee of the CSRC, continuously improve the accuracy and effectiveness of political supervision, and cooperate to maintain the stable operation of the capital market.
institutional views
For the current market, Guosheng Securities pointed out that the current downward trend of the market has not been effectively reversed, and interference factors such as peripheral situation conflicts and the Fed’s interest rate hike still exist; The covid-19 epidemic situation in China is still severe, the downward pressure on the economy is still large, and the market is still likely to maintain the trend of shock and grinding bottom for a long time. In terms of operation, it is not pessimistic on the whole. The rapid rotation of the sector makes the short-term operation more difficult. Control the overall position and choose the opportunity to absorb at a low price.
However, Rongwei Securities said that although the A-share market continued to fluctuate and adjust during the year, positive signals were frequently released at the policy level, and all kinds of funds were accelerating to enter the market. On the whole, the steady growth policy will continue to work, and the valuation advantage of the A-share market will appear day by day, which is a good opportunity for the layout of long-term funds. Therefore, there will be more and more shareholder increase and share repurchase schemes of listed companies. The economic bottom finding is still repeated, and the market as a whole is still in the process of shock bottom building. At present, only A-Shares have poor performance due to the influence of market sentiment. In the future, with the improvement of the epidemic situation, the regression of market panic and the appearance of the effect of China’s policies, A-Shares will return to the upward shaking trend.
Previously, Shanxi Securities Co.Ltd(002500) also mentioned that the current market is facing multiple uncertainties. Under the background of complex macro environment at home and abroad, it is suggested to focus on large cap value stocks to resist risks and fluctuations. At the same time, the main line of steady growth has become increasingly clear and began to be sought after by funds. In the short term, the steady growth industrial chain boosted by precise policies, overweight and easing, and the upstream sector under the continuation of global high inflation may show better performance.
In terms of operational strategy, China Galaxy Securities Co.Ltd(601881) Securities said that short-term defense is the main and long-term strategic allocation is the key. Allocation suggestions: first, the resource product sector benefiting from the global energy shortage. The long-term tight supply and demand problem is still in place, and the profit certainty is strong. Driven by the economic recovery, there may be a rebound opportunity, and under the background of China’s infrastructure gradually developing, the black industry chain, such as ferrous metal and coal, will benefit.
Second, the agricultural sector, especially the grain and planting sectors, is expected to continue with the support of the rapid rise of global grain prices and the superposition of policies. The pig and chicken sectors are also of sustainable concern.
Third, the military industry, new energy, semiconductor and other industries have high prosperity and smooth logic, and the sectors with good long-term growth can carry out strategic layout, long-term holding, bargain hunting and pay attention to the rhythm of investment.
