Yesterday’s Composite Index
On Tuesday, the three major A-share indexes performed mediocre in the morning and staged a startling reversal in the afternoon. The Shanghai Composite Index, driven by the weight sector like Baijiu and finance, pulled up about 2% from the low point in the first half of the afternoon, and recovered the integer mark of 3200 points in one fell swoop. Growth stocks also recovered, and the gem index recovered the 2500 point integer mark. As of the close, the Shanghai Composite Index closed at 321333 points, up 1.46%; The Shenzhen Component Index rose 2.05% and the gem index rose 2.50%.
In terms of capital, foreign capital has become an important variable to promote the afternoon index counterattack. The data showed that within half an hour from 13:04 to 13:34 yesterday, the net purchase amount of northbound funds rapidly expanded from 1.7 billion yuan to 6.2 billion yuan. As of the closing, the net purchase amount was 9.137 billion yuan, the largest single day net purchase amount of this month.
BEIXIANG net purchase of 9.1 billion yuan
In recent years, northbound funds are widely regarded as the “wind vane” of a shares, and its annual inflow trend has a significant impact on the market investment style. At the beginning of 2022, due to the impact of overseas uncertainties, the north capital flow fluctuated in the short term. In the past March, northbound funds sold a net 45.083 billion yuan a month, the third largest monthly outflow in history.
Yesterday afternoon, the operation direction of foreign capital suddenly reversed. Data show that at 13:04 yesterday, the net purchase amount of northbound funds was only 1.712 billion yuan; By 13:34, the net purchase amount of northbound funds had expanded to 6.216 billion yuan. Net purchases expanded by 4.5 billion yuan in just half an hour.
As of yesterday’s closing, the north capital realized a net purchase of 9.137 billion yuan, a new high since April, including 4.227 billion yuan for Shanghai Stock connect and 4.91 billion yuan for Shenzhen Stock connect.
Zhongtai Securities Co.Ltd(600918) metalworking analyst Zhang Han said that according to the historical data of the resumption of trading, the selling operation of foreign capital is generally completed in a short time, and there is rarely the phenomenon of selling for several consecutive months. Moreover, the probability of foreign capital turning in the short term is high. Historically, after the net sales of northward funds in a single month exceed 30 billion yuan, there is often a significant return in the next month.
first quarter report blue chip stocks are popular
From the disk, the first quarterly report blue chip stocks became a highlight yesterday. After the disclosure of the performance guidelines of the first quarter report, the share prices of many companies immediately rose, and the performance of “tenfold anti epidemic stocks” Andon Health Co.Ltd(002432) was the most interesting.
Before yesterday’s trading, Andon Health Co.Ltd(002432) disclosed the performance forecast for the first quarter of 2022. It is estimated that the net profit in the first quarter will be 14 billion yuan to 16 billion yuan, a year-on-year increase of 3670743% to 4196563%.
Andon Health Co.Ltd(002432) said that affected by the development of the epidemic in the United States, the local demand for covid-19 antigen detection kit products increased significantly. The increase in sales revenue of this product has made an important contribution to the company’s performance during the reporting period.
Boosted by the performance forecast, Andon Health Co.Ltd(002432) yesterday opened at the limit price. After a short shock, it closed the limit. The latest price was 74.47 yuan / share, up 50% this year and more than 1000% since the low point in November last year.
In addition to Andon Health Co.Ltd(002432) , China Coal Energy Company Limited(601898) with a market value of 100 billion also gained the limit after disclosing the performance forecast of the first quarter yesterday, indicating that the main funds are closely following the performance of the first quarter and looking for investment opportunities that exceed the expected target.
China International Capital Corporation Limited(601995) strategy analyst Li qiusuo said that the disclosure of the first quarterly report of listed companies is about to enter the peak. Historical experience shows that the market bottom grinding period often corresponds to the segments with low market risk appetite and strong performance certainty or fundamental logic, which may often have relative returns.
In Li qiusuo’s view, in the boom structure of this year’s first quarterly report, the profit differentiation between upstream cycle industries and middle and downstream industries may still be prominent, and a few manufacturing segments maintain high growth.
Sealand Securities Co.Ltd(000750) strategy chief Hu guopeng also believes that at present, A-Shares are in the bottom grinding period of “from the bottom of the policy to the bottom of the market”. Although the yield of the broad-based index during this period is weak and accompanied by the compensatory decline of strong industries, the stage with the largest decline slope of the market has passed, and structural opportunities begin to appear gradually. The sector with clear policy expectations and the most deterministic performance is the main line leading the rise in this period.
