On Friday (April 15), the three major A-share indexes fell across the board, and the Shanghai Composite Index hit 320013 points as low as in the session. In terms of hot spots, bank stocks supported the market, steel stocks strengthened against the market, and undervalued stocks attracted much attention.
On Friday, the three major A-share indexes fell in shock. As of the close, the Shanghai Composite Index fell 0.45% to 321124 points, the Shenzhen composite index fell 0.56% to 1164857 points, and the gem index fell 0.24% to 246036 points; The total turnover of the two cities was 911.2 billion yuan. Looking back on the trend of this week, the Shanghai Composite Index fell by 1.25%, the Shenzhen composite index fell by 2.6% and the gem index fell by 4.26%.
In terms of individual stocks, on Friday, the A-share market rose less and fell more. A total of 1009 stocks rose and 3612 stocks fell. Among them, 46 stocks closed at the daily limit and 69 stocks fell by the limit.
Trading limit of individual stocks on Friday (April 15): p align = “center” tabulation: Zhang Ying
For the rebound trend of a shares, institutions generally said that the market is expected to continue shock repair.
Dongguan Securities said that the RRR reduction will help improve the market risk appetite. It is expected that the market is expected to continue to shake and repair. It is expected to pay attention to the landing strength and volume energy changes of the RRR reduction. Operationally, it is suggested to focus on the midline layout, and pay attention to the finance, real estate, food and beverage, electrical equipment, steel, coal and other industries.
Guosheng Securities pointed out that with the gradual easing of the international geopolitical situation and the landing of the Fed’s expectation of raising interest rates, the main contradiction affecting the market trend in the short term has shifted from external disturbance to the point outbreak of the epidemic in China. Before the epidemic can not be effectively controlled, consumption, manufacturing and other related industries may continue to be affected. However, as China’s policy side will continue to maintain the stability of monetary policy, and macro-control tends to be loose, multiple positive factors will be introduced successively in the future or lead the market out of the decline. In terms of operation, the short-term market risk appetite is still low, and we will continue to focus on the relevant steady growth sectors such as the real estate industry chain and banks that benefit from loose monetary policy, as well as the relevant sectors such as coal and non-ferrous metals that exceed the expectations in the annual report and the first quarter report; In the medium term, we can pay attention to the consumption, tourism and other related industries that have priority to be repaired after the elimination of the epidemic disturbance, as well as the growth tracks such as photovoltaic, semiconductor and new energy that are expected to be repaired after the recovery of market risk appetite. In terms of time, we can gradually focus on steady growth, consumption recovery and manufacturing boom.
At the same time, public funds, private placement and other institutions also expressed their views on the future market. Yuan Huaming, general manager of Huahui Chuangfu investment, believes that today’s market continues the repeated market dominated by emotion this week. Repeated outbreaks in China, overseas geopolitical conflicts and tight liquidity of the Federal Reserve are the main factors to suppress investor sentiment, while stable growth policies such as RRR reduction are the main reasons to boost investor sentiment. At present, the policy bottom is basically established, but the market bottom may take time. Under the background that market uncertainty is still prominent, it is a more suitable investment strategy for ordinary investors to see more and do less, and the opportunities after the direction is determined are easier to grasp.
Xia Fengguang, manager of Rongzhi investment fund under private placement paipai.com, said that the market remained weak and volatile this week, and the popularity of the market was generally low. In terms of industry, upstream resource products, including mining, steel and nonferrous metals, have a strong trend, and bank real estate has also played a role in stabilizing the index, but emerging industries such as new energy and semiconductor have a large decline. This week, the policy face has been blowing frequently, including the reduction of reserve requirements and other monetary policies, and the establishment of a unified capital market. If the epidemic can be controlled in the short term and the implementation of superimposed policies can be accelerated, it will certainly enhance the confidence of the market and the bottom of the market will appear as soon as possible. Generally speaking, it is still a good window configuration period. Industries benefiting from the direction of monetary policy are still the main structural opportunities in the future.
Chen Jiecheng, fund manager of Fende capital, said that after the sharp decline of the market in the first quarter due to external factors, the market began to shake and stabilize recently. The trend of undervalued sectors is significantly stronger than the market. Looking forward to the future, the focus of the market is expected to shift from peripheral factors to China. On the one hand, the Shanghai epidemic has a great impact on China’s economy and industrial chain, but it is only a matter of time before the epidemic can be controlled; On the other hand, various policies to maintain growth have been intensively introduced recently. It is expected that after the extreme release of market risk in the first quarter, the current undervalued sector has a very large investment value. With the continuous development of policies, A-Shares are optimistic in the future, and undervalued, valuable and high dividend stocks are expected to perform better.
In terms of hot spots, on Friday, China Shipbuilding sector led the rise, while banking, food processing and manufacturing, cro concept, NMN concept, steel and other sectors were active; Huawei Euler led the decline, with unified big market, logistics, NFT concept, scenic spots and tourism, free trade port and other sectors leading the decline. Today, anda smart landed on the science and innovation board, down 23.25%.
Hot spot 1: the strength of the banking sector rose by more than 1%
On April 15, the banking sector made efforts and rose against the market. As of the closing, the sector rose by the top 1.32%, and Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Nanjing Co.Ltd(601009) and Bank Of Nanjing Co.Ltd(601009) rose by more than 5%.
On the news side, the people’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (excluding financial institutions that have implemented the 5% deposit reserve ratio).
In this regard, Gf Securities Co.Ltd(000776) pointed out that the current epidemic situation has greatly disturbed the economy repeatedly, and the annual economic growth target remains, which means that the worse the current economy is, the greater the demand for follow-up policies. Recently, the national Standing Committee has continuously released positive signals, and the steady growth policy can be expected to increase. At present, the performance of listed banks is stable and the asset quality is solid. Under the tone of stable growth and stable real estate policy, we continue to be optimistic about the excess return of the banking sector. It is suggested to continue to pay attention.
Hot spot 2: the ferrous metal sector was active Gansu Jiu Steel Group Hongxing Iron And Steel Co.Ltd(600307) up more than 8%
On April 15, the ferrous metal sector rose against the market. As of the close, the sector rose the most, reaching 0.63%. Among them, Gansu Jiu Steel Group Hongxing Iron And Steel Co.Ltd(600307) increased by more than 8%.
For the investment opportunities of steel stocks, Huaan Securities Co.Ltd(600909) analysis shows that the recovery of manufacturing demand is superimposed with the background of carbon peaking and carbon neutralization, the profit logic of the steel industry can be reconstructed, and the steel enterprises further benefit from the cyclical rotation. We are still optimistic about the steel sector for a long time. The national defense, military industry and aerospace industry have a broad domestic substitution space, and products such as superalloy, special stainless steel and ultra-high strength steel occupy an absolute dominant position. It is suggested to focus on the performance of the interim report and the leader of special steel in fulfilling the industry’s high vision: Fushun Special Steel Co.Ltd(600399) ; Traditional field leaders + popular emerging business targets are more favored by the market. It is suggested to focus on stainless steel rods and wires and mica lithium extraction leaders: Yongxing Special Materials Technology Co.Ltd(002756) ; And the high growth leader in the field of cold-rolled stainless steel: Zhejiang Yongjin Metal Technology Co.Ltd(603995) .
