Today (January 10), the Shanghai and Shenzhen stock markets opened low across the board. At the beginning of the trading, the stock index rebounded after the inertia fell, then both turned red and rose, and always ran above the red market; In the afternoon, the stock index fell again, and the Shanghai index and Shenzhen Composite Index performed better than the gem index.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.39% to 3593.52 points; The Shenzhen Component Index rose 0.44% to 14406.97; The gem index fell 0.04% to 3095.69.
From the disk point of view, light index heavy stock market reappeared, and structural opportunities still exist. In terms of industry, medical devices, agriculture, animal husbandry, feeding and fishing, traditional Chinese medicine, beauty care, biological products and other industries led the rise. In terms of theme stocks, the concept of chicken, the concept of pork, virus prevention and control, precision medicine and other industries led the rise.
In terms of capital, the central bank announced on January 10 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a RMB 10 billion reverse repurchase operation by means of interest rate bidding on January 10, 2022, with a period of 7 days and a bid winning interest rate of 2.20%. Since there is no maturity of reverse repurchase today, a net investment of 10 billion yuan per day.
hot plate
Top 10 of industry plate increase
Top 10 of industry plate decrease
Top 10 of concept plate increase
Top 10 of concept plate decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. The national development and Reform Commission reported on January 10 that 21 departments including the national development and Reform Commission recently issued the public service plan for the 14th five year plan. The plan makes it clear that by 2025, the public service system will be more perfect, the public service supply pattern of basic government guarantee, diversified social participation and joint construction and sharing by the whole people will be basically formed, and the people’s well-being will reach a new level. The level of equalization of basic public services has been significantly improved, the quality and capacity of inclusive non basic public services have been improved, and we will gradually achieve good education for the young, excellent education for learning, generous labor, good doctors for diseases, care for the elderly, livable housing and public support for the weak. High quality, diversified and upgraded life services.
2. According to the Securities Times website, the Ministry of industry and information technology publicly solicited opinions on the guiding opinions on accelerating the construction of modern light industry system (Draft for comments) on the 10th. The suggestion is that we should develop diversified, fashionable, personalized and low alcohol Baijiu products for young consumers and overseas consumer groups.
3. According to China news network, the reporter learned from the China Civil Aviation work conference held on the 10th that civil aviation will strive to complete the total transportation turnover of 104 billion ton kilometers, 570 million passengers and 7.8 million tons of cargo and mail in 2022, which will generally return to the level of about 85% before the epidemic.
4. According to the official microblog of China Railway Group on January 10, the national railway will implement a new train diagram from 0:00 on the 10th, which is also the first national railway major map this year.
institutional view
For the current market, Founder Securities Co.Ltd(601901) said that A-Shares are restless in spring and generally will not be absent. “Spring agitation” refers to the periodic rise of the stock market from January to March, which is essentially a kind of calendar effect. The “spring agitation” in the A-share market is mainly reflected in the rise in February, and the rise probability in February is the highest in the whole year.
From the logic behind the market, the reasons driving the restless market in spring are: first, the liquidity environment before and after the Spring Festival is relatively loose. At the same time, there is an event driven impact behind the high rise probability in February and November. After February, there are the annual two sessions in March, and after November, there are the annual central economic work conference, which are important conferences with directional impact on future economic policies, It makes the market easy to produce policy expectations.
The agency further analyzed that there was a certain adjustment in the A-share market in the first week of 2022, but we think the restless market in spring this year is still worth looking forward to. First, the liquidity environment is relatively abundant and friendly, and the interest rate may go down further. Second, the overall market valuation is not high, the possibility of general decline or systemic risk is low, and it is more likely to be structural switching. Third, the industrial logic of the emerging industry zhugra cycle is worth looking forward to. We are optimistic about the performance of hard technology small cap growth companies in 2022.
Bohai Securities believes that considering that “market stability” is in the primary position in the regulatory “three stability and three entry” policy, the one-way changes in the market during the year are more likely to provide reverse operation opportunities for the market. Therefore, short-term market adjustment provides investors with more suitable buying points. We suggest that we should not be pessimistic and actively allocate.
In terms of industry configuration, we continue the real estate industry chain in our monthly report, including steel, building materials and architectural decoration, big finance including banks and securities companies, and consumer sectors including household appliances, medicine and biology, food and beverage and leisure services. In terms of themes, at this stage, the traditional Chinese medicine and meta universe sectors show a trend of high-low switching and further excavation of subdivided fields. Their strong short-term is expected to continue, and they can participate in the low-level replenishment opportunities in subdivided fields.
China Industrial Securities Co.Ltd(601377) mentioned that in the short term, on the one hand, we should grasp the phased opportunities for the repair of undervalued real estate chain, infrastructure chain and securities companies, on the other hand, we should lay out “small high-tech” with long playing short and bargain hunting. For a long time, focus on the five directions of scientific and technological innovation. 1) New energy (new energy vehicles, photovoltaic, wind power, UHV, etc.), 2) new generation information and communication technology (artificial intelligence, big data, cloud computing, 5g, etc.), 3) high-end manufacturing (intelligent CNC machine tools, Siasun Robot&Automation Co.Ltd(300024) , advanced rail transit equipment, etc.), 4) Biomedicine (innovative drugs, CXO, medical devices and diagnostic equipment, etc.), 5) Military industry (missile equipment, military electronic components, space station, space shuttle, etc.).
Southwest Securities Co.Ltd(600369) believes that the current market is in a three-phase superposition period of “performance vacuum period, economic downturn period and epidemic recurrence period”. In this three-phase superposition situation, the original mainstream track has been highly valued, and the existing new plate has not emerged. Therefore, the market as a whole is in a weak shock pattern.
In the short term, we think we can continue to lay out the stable growth plate. At present, the prices of steel and coal are basically flat or even increased compared with the same period in 2021. At the same time, with the implementation of “steady growth” measures, the output of corresponding products will be released, so the performance in the first quarter is guaranteed.
In the medium term, with the release of performance forecasts or annual reports of various companies in February, growth tracks such as new energy and military industry sectors with more callback are expected to rebound. Because these sectors are still in the growth track, the industry growth rate will maintain high growth for a long time. When the valuation falls and the performance data is disclosed, their investment value will appear again. In addition, the tourism, pig cycle, post shipping cycle and other sectors with reversed difficulties will also continue to have phased performance opportunities.
(source: China stock market news research center)
