Today (April 14), the Shanghai and Shenzhen stock markets opened high across the board. In the morning, the Shanghai index and the Shenzhen Composite Index maintained shock consolidation. After a slight decline, they continued to rise and strengthen in the afternoon. The Shanghai and Shenzhen main board index rose sharply throughout the day. However, compared with the Shanghai and Shenzhen index, the performance of the gem index was relatively inferior, and this round of adjustment was ushered in a new low again.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 1.22% to 322564 points; The Shenzhen Composite Index rose 1.27% to 1172462 points; The gem index fell slightly by 0.02% to 246629.
From the disk point of view, the industry and concept sectors rose more or fell less, and the local profit-making effect soared. In terms of industry, coal, wine making, medical devices, real estate, automobile, securities, steel, semiconductor and other industries led the rise; In terms of subject stock, COVID-19 testing, Baijiu, medical beauty, super brand, Helicobacter pylori and CRO were among the top gainers.
In terms of capital, the central bank announced on April 14 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 14, 2022, with a bid winning interest rate of 2.1%. As 10billion yuan of reverse repo expired today, the people’s Bank of China realized zero release and zero withdrawal in the open market.
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
north and South funds
According to the arrangement of the Hong Kong stock exchange, the period from April 15 (this Friday) to April 18 (next Monday) is the good Friday and Easter holidays. The Hong Kong stock market is closed, and normal trading will resume on April 19 (next Tuesday). During the period, A-Shares were normally traded.
In terms of Hong Kong stock connect (southbound), according to the Shanghai and Shenzhen Stock Exchange, Hong Kong stock connect service will not be provided from April 15 (this Friday) to April 18 (next Monday), and Hong Kong stock connect service will be opened as usual from April 19 (next Tuesday).
In terms of Shanghai and Shenzhen Stock connect (north direction), according to the arrangement of the Hong Kong stock exchange, the service of Shanghai and Shenzhen Stock connect will not be provided from April 14 (this Thursday) to April 18 (next Monday), and the service of Shanghai and Shenzhen Stock connect will be opened as usual from April 19 (next Tuesday).
message surface
1. According to China Central Television News Network, the State Council held an executive meeting on April 13 to deploy policies and measures to promote consumption, help stabilize the economic fundamentals and ensure the improvement of people’s livelihood; Decided to further strengthen policy support such as export tax rebate to promote the steady development of foreign trade; Determine measures to increase financial support for the real economy and guide market players to reduce financing costs. The meeting decided to encourage large banks with high provision level to reduce the provision rate in an orderly manner, timely use monetary policy tools such as RRR reduction, further strengthen financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, reasonably transfer profits to the real economy and reduce comprehensive financing costs.
2. According to the financial news of China Central Television, the people’s Bank of China today held a press conference on financial statistics for the first quarter of 2022. Zoulan, director of the financial market department of the people’s Bank of China, said that due to the recent outbreak of the epidemic, the decline in the income of some residents, the obstruction of real estate construction marketing activities and other factors, the sales of commercial housing fell, and the amount of individual housing loans also fell slightly. In addition, with the increasing balance of individual housing loans, the monthly repayment amount is also gradually increasing. At the end of March, the balance of individual housing loans nationwide was 38.8 trillion yuan, a year-on-year increase of 8.9%. Although we observed that the ratio of new housing loans to new housing sales was still at a historically high level, the year-on-year growth rate of the balance was 2.3 percentage points lower than that at the end of last year.
3. According to the securities times, on April 13, the Ministry of industry and information technology issued a notice on printing and distributing the 2022 work plan of the industrial Internet special working group. It is emphasized in the plan that qualified industrial Internet enterprises will be supported to make initial public offerings of securities and be listed, be listed at the basic level and innovation level of the national share transfer system, and refinance through additional issuance, allotment of shares, convertible bonds and other means.
4. According to the interface news report, the Ministry of Commerce held a regular press conference on April 14. Shu jueteng, spokesman of the Ministry of Commerce, said that recently, the epidemic situation in China has shown the characteristics of many points, wide range and frequent occurrence, which has had a certain impact on the production and operation activities of domestic and foreign-funded enterprises. In this regard, the Chinese government attaches great importance to the establishment of special classes for key foreign-funded projects under the foreign trade and foreign investment coordination mechanism. The Ministry of Commerce, together with relevant departments and local governments, actively takes measures to help enterprises solve possible difficulties and problems, especially foreign-funded enterprises in key areas of the epidemic, coordinate and solve specific problems such as resumption of work and production, entry of personnel, logistics and transportation. Through the joint efforts of all parties, the difficulties reflected by some enterprises have been alleviated one after another.
institutional views
For the current market, Central China Securities Co.Ltd(601375) pointed out that the A-share market opened higher on Thursday and rose slightly. This week, the national standing committee will release positive signals, and good news including the reduction of reserve requirement will follow. The stock indexes of the two cities jumped higher in the morning, and the mainstream industries such as wine making, real estate, automobile and cycle rose in turn, which boosted the stock index to rise steadily. The Shanghai index touched the area near 3240 points, The stock index showed the operation characteristics of unilateral shock and rise throughout the day. The trading volume of the two cities is 870 billion yuan, and the characteristics of the stock game remain the same.
The agency further analyzed that thanks to the continuous lifting of heavyweights, the Shanghai index recently showed a stabilizing signal near 3140, but the trading volume of the two cities has not been effectively amplified. It is suggested that investors continue to pay attention to the changes of policy and capital. It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the gem is more likely. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Guosheng Securities said that as the policy tone of the national Standing Committee remains positive and macro-control tends to be loose, the implementation of structural support policies is expected to accelerate. At the same time, 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. The capital may return to the stock market, and the pessimism is also expected to be repaired. It is expected that the index after the bottom will return to the upward trend. In terms of investment, it is suggested to maintain the balanced allocation of growth and value.
In terms of operation, before the effective upward breakthrough in the market, we should still control the overall position and be suitable for low absorption. “Stable growth” will become the main logic driving the operation of the market. We should pay attention to the undervalued and low configured traditional infrastructure such as banks and real estate, building materials, wind power, photovoltaic and other new infrastructure. It is suggested to properly layout the theme sectors such as the price rise of chemical fertilizers and industrial products in combination with the performance and cost performance.
Aijian Securities believes that the geographical conflicts are repeated, the epidemic is still under control, and the short-term uncertainty still exists, but the development trend is good. The market environment is basically stable and good, so it is not suitable to be pessimistic. Of course, uncertainties still exist, so the market mentality is still cautious, and the shock recovery will be the main rhythm. In this position, we are not sad or happy. We are more involved in market transactions, pay attention to the adjustment risk of high-level theme sectors, and pay attention to the sectors with low start signs.
Debang securities mentioned that the bottom area of large cap value stocks has been found. At present, the winning rate of value style is still higher – quite a number of investors mistakenly believe that when the growth rate of social finance reverses, the winning rate of growth style will increase significantly, and they are also uncertain about the trend of US bond interest rate; However, we believe that the inhibition of US bond real interest rate on A-share growth stocks is dominant, and the marginal change of social finance structure is more important than the total direction! At present, the Fed is still firmly tight. When it turns to relative doves depends on whether or when the US economy will fall into recession; On the other hand, the marginal change of wide credit in 2022 is in the traditional direction of real estate and infrastructure, and the marginal change of structural wide credit points to the predominance of value. At present, value stocks may be dominated by shocks, waiting for steady growth to make further efforts to improve the market’s concerns about the value and profitability of the market. In addition, if the risk of the external situation in the future is higher than expected, such tail risk may still make the bottom area of the large cap value stocks worse than expected.
