Shrinkage rise! On Thursday (April 14), the three major A-share indexes rose or fell, and the volume energy shrank slightly. In terms of hot spots, the performance of coal, oil and covid-19 detection sectors is eye-catching and has attracted much attention. At the same time, the large influx of funds to the North exceeds 12 billion yuan. Can the rebound of A-Shares continue?
As of the close, the Shanghai Composite Index rose 1.22% to 322564 points, the Shenzhen Composite Index rose 1.27% to 1171462 points, and the gem index fell 0.02% to 246629 points; The total turnover of the two cities was 870.1 billion yuan, a slight decrease from the previous trading day.
In terms of individual stocks, on Thursday, the A-share market rose more or fell less. A total of 3158 stocks rose and 1349 stocks fell. Among them, 85 stocks closed at the daily limit and 23 stocks fell by the limit.
Trading limit of individual stocks on Thursday (April 14): p align = “center” tabulation: Zhang Ying
For the rebound trend of A-Shares today, institutions generally said that the market is still in shock consolidation, and positive factors are gradually accumulating.
Aijian Securities said that the market is still in shock consolidation, the weight related to steady growth performs well, the market value of small and medium-sized growth is relatively weak, and the market is still a game of stock funds and sector rotation. Geopolitical conflicts are repeated, the epidemic is still under control, and short-term uncertainty still exists, but the development trend is better. 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.
Guosheng Securities pointed out that the market performance was relatively flat after the Qingming holiday, mainly due to the hawkish statement of the Federal Reserve and the Chinese epidemic, the negative impact on market sentiment has been fermented for a long time, and the trading structure is also inclined to the stable growth sectors such as infrastructure and real estate. As the policy tone of the national Standing Committee remains positive, macro-control tends to be loose, and 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.
At the same time, institutions such as public funds and private placement also expressed optimistic views on the future market. Shen Shengcai, a researcher at ningshui capital, believes that the policy bottom has been very clear. The undervalued varieties in the stable growth sector are the main line of the current market. For the over falling stocks in the growth sector, the valuation risk has also been released to a certain extent, and the market as a whole is at the bottom grinding stage. In terms of industry sectors, coal, finance, infrastructure, real estate and other sectors are coming out of the valuation and repair market. The technology sector has fallen for about one year, and some leading companies in subdivided industries have also fallen out of value. In addition, the average valuation of the consumption sector is lower than the historical center. At present, the main factor restricting consumption is the epidemic. With the introduction of stimulus policies, the consumption sector is expected to gradually strengthen.
Liu Youhua, research director of private placement network, said that today, the market contraction rose, and individual stocks rose more or fell less. Moreover, the market fell significantly after 2 p.m., indicating that the current market is still lack of confidence, the sustainability is not particularly good, and there are great differences in funds. Today’s rise in the market is more from the market’s expectation of RRR reduction, and there is a high probability of landing this week. It is suggested to focus on the trend of policy.
Hu Zhenyi, manager of Honghan investment fund, believes that the trading characteristics of the market are prominent. After the festival, it was reported that the scale of infrastructure investment of 14 trillion yuan promoted the rise of infrastructure industry. Under the interference of the epidemic, there was pressure in the main economically active areas in the second quarter, while under the 5.5% index of the whole year, there was great pressure in the second half of the year. There was a need for easing. The effect should be judged, and the fastest effect should be driven by investment. In terms of index operation, the two low points formed in March will be tested next week. The performance of Ning portfolio determines the effectiveness of the low point and confirms the quality of the market bottom.
Hao Xinming, manager of Fangxin wealth investment fund, said that after the continuous decline, the market has accumulated rebound momentum. Today’s trend is the release of bull sentiment. From the transaction level, the short-term rebound is expected to continue. On the disk, the long momentum mainly comes from the oversold Baima track stocks and cyclical stocks with expected performance. In the medium term, the downward trend has not changed, The data of the annual report and the first quarterly report play a key role in verifying the economic downturn. If it cannot be verified, the middle line may continue to bottom after the short-term rebound.
In terms of hot spots, on Thursday, the coal mining and processing sector led the rise, and several stocks such as Anyuan Coal Industry Group Co.Ltd(600397) , Shanxi Coking Co.Ltd(600740) , etc. rose by the limit; Covid-19 test sector showed strong performance, and 8 individual stocks such as Zhejiangtailin Bioengineering Co.Ltd(300813) , Shanghai Labway Clinical Laboratory Co.Ltd(301060) etc. collectively rose by the limit; Beverage manufacturing, hotel and catering, gene sequencing, Baijiu concept and other sectors are active. Scenic spots and tourism sectors led the decline, with PVDF concept, port shipping, Internet e-commerce, diamond cultivation and other sectors leading the decline.
hot spot I: coal and oil sector soared by more than 5%, and 5 shares collectively rose by the limit
On Thursday, the trend of coal and oil sector was strong. As of the close, the sector rose the most, up 5.32%. Among them, five coal stocks rose by the collective limit.
Zhongtai Securities Co.Ltd(600918) pointed out that recently, coal enterprises have successively published their annual reports for 2021, and the trend of high score, red and high dividend is obvious. The coal industry is expected to have high medium and long-term prices without large capital expenditure, and the continuous high return to investors will be a major feature of the industry. Overall, the stock capacity is a scarce resource. Coal stocks are generally valued at 4-6 times, and the stability of price and profit expectations is improved. It is suggested to actively layout coal stocks in 2022.
hot spot 2: covid-19 detection sector rose by more than 4% Shanghai Labway Clinical Laboratory Co.Ltd(301060) 20cm limit
On Thursday, the covid-19 detection sector rose again. As of the close, the sector rose by 4.26%. Eight concept stocks rose the limit together, among which Dr. Lan Wei raised the limit by 20cm.
Guolian Securities Co.Ltd(601456) analysis shows that China’s epidemic prevention and control will still be the focus of market attention and investment is relatively active. It is suggested to focus on the research and development progress of domestic covid-19 drugs and companies related to covid-19 detection industrial chain. Affected by the epidemic, the post epidemic construction is worth considering. It is suggested to continue to pay attention to the progress of new medical infrastructure, which is expected to increase the supply of high-quality medical resources and become the core driver of the industry. In addition, the results of the first quarter will be announced one after another. The epidemic may interfere with the performance of relevant companies. It is recommended to pay attention to companies with deterministic growth in the first quarter. Vaccine and CXO related industrial chains are still sectors with high growth, so it is recommended to continue to pay attention.
