On April 13, the stock index fluctuated weakly in the morning, once rose and turned red in the afternoon, and then fell again; The Shenzhen Component Index and the gem refer to weak shocks. As of the close, the stock index fell 0.83% to close at 186.82 points; The Shenzhen composite index fell 1.60% to close at 1156817 points; The gem index fell 2.25% to close at 246684. The total turnover of the two cities was 873.4 billion yuan, and the net sale of funds from the North was 498 million yuan.
On the disk, construction, building materials, education, media and other sectors led the decline, while medicine, tourism, semiconductor, real estate, aviation, automobile, insurance, brokerage and other sectors all weakened; The logistics sector has a strong trend, with coal, oil, nonferrous metals, wine and other sectors rising; Industrial machine tools and seed stocks strengthened.
The market can not rebound continuously, mainly due to the shortage of funds. On the 12th, the market bottomed out and rebounded, and the transaction between the two cities did not exceed trillion yuan. On the 13th, there was also a rebound in the intraday, but the volume can not be enlarged, which shows that at present, A-Shares are still in the game of stock funds, and peripheral funds are not admitted at all. It is almost impossible to think of a phased market for the trading volume below trillion yuan. The lack of external funds is reflected in the fierce rotation of sectors on the disk, such as the rise of real estate sector in the early stage and the rise of cyclical varieties such as coal recently. Even if there is occasional performance in other sectors, it is mostly a one-day tour.
On the whole, we should not expect too much from the A-share market at present. First, from the perspective of internal environment, the covid-19 epidemic situation in China is still severe, and the downward pressure on the economy is still large; Second, from the perspective of the external environment, interference factors such as the conflict between Russia and Ukraine and the Fed’s interest rate hike still exist. Although the recent favorable policies continue, they have not fundamentally and effectively reversed the current downward trend of the market. Under the concerns of many parties such as poor trading volume, the market rebound space and strength are limited, and investors must beware of the index falling again in the short term.
On the 13th, the performance of Hunan stocks was basically consistent with the market. Of the 132 stocks, only 29 rose, and only 6 rose more than 5%. Nevertheless, there is no lack of highlights on the disk. Three stocks, including Hunan Chendian International Development Co.Ltd(600969) , Yuhuan Cnc Machine Tool Co.Ltd(002903) , Better Life Commercial Chain Share Co.Ltd(002251) , rose by the limit. Wherein Yuhuan Cnc Machine Tool Co.Ltd(002903) , Better Life Commercial Chain Share Co.Ltd(002251) are two connecting sectors and three connecting sectors respectively.
Hunan Chendian International Development Co.Ltd(600969) performance was somewhat unexpected. When the overall performance of the power sector was poor, the limit rose soon after the opening. It is expected to be related to one message: according to the announcement of the State Administration of Taxation on tax collection and management matters related to further strengthening the implementation of the tax rebate policy of value-added tax at the end of the period (Announcement No. 4 of the State Administration of Taxation in 2022), Chenzhou tap water Co., Ltd., a wholly-owned subsidiary of the company, applied to the competent tax authority, On April 11, 2022, the company received the refund of value-added tax of Dongjiang water diversion project, and the ending retained tax amount was 5564400999 yuan. According to the relevant provisions of the accounting standards for business enterprises, the return of the value-added tax at the end of the period will increase the company’s cash inflow and have a positive impact on the company’s cash flow. However, this cash flow does not affect the company’s assets and profits and losses. Therefore, the sustainability of the rise of the stock needs to be continuously observed.
Yuhuan Cnc Machine Tool Co.Ltd(002903) ‘s main business is to engage in the R & D, production, sales and service of CNC grinding equipment and intelligent equipment, and provide customers with comprehensive solutions of precision grinding and intelligent manufacturing technology. On the whole, it belongs to the industrial mother machine sector Better Life Commercial Chain Share Co.Ltd(002251) is mainly engaged in investment commerce, transportation of general goods, property management, warehousing, commodity distribution, processing of agricultural and sideline products, etc. The rise of these two stocks is related to the strong trend of relevant sectors in recent days. According to past experience, this trend will face profit selling pressure in the follow-up, and the sustainability is generally not too strong.
