After four consecutive days of decline, the A-share market rebounded on Monday. More than 3000 stocks rose, and hot spots such as breeding plate and covid-19 detection plate broke out one after another and soared sharply.
On Monday, the three major A-share indexes rose or fell. As of the close, the Shanghai Composite Index closed at 3593.52 points, up 0.39%, ending four consecutive days of decline; The Shenzhen Composite Index rose 0.44% to 14406.97 points; The gem index fell slightly by 0.04% to 3095.69 points; The total turnover of Shanghai and Shenzhen stock markets was 1051.4 billion yuan, breaking trillion yuan for the seventh consecutive trading day; Net purchase of 4.758 billion yuan by northbound funds; Overall, stocks in the two cities rose more or fell less, and more than 3000 stocks rose.
breeding plate broke out
In terms of specific hot spots, on Monday, the breeding plate broke out in an all-round way, with the chicken plate rising the most, up to 5.56%, Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd(300967) , Tangrenshen Group Co.Ltd(002567) and other four stocks trading limits; The pork concept sector led the increase, reaching 4.52%. 300 billion pig grass Muyuan Foods Co.Ltd(002714) also rose by more than 5%.
For the recent short-term deviation between the stock price of breeding stocks and the price of pigs, Tianfeng Securities Co.Ltd(601162) analysis shows that the short-term pig price presents a long and short game, which is expected to fluctuate until the Spring Festival. Among them, strong demand is one of the factors that may not lead to a sharp decline in pig prices in the short term. Winter is the traditional production period of bacon and sausage, so the demand for pork will be higher than that in other seasons, which may drive the upward price of pigs.
Tianfeng Securities Co.Ltd(601162) said that in the medium and long term, the bottom of pig price has been realized, and it is expected to reverse in mid-2022. The overall loss of the pig industry in the early stage has brought about the obvious de industrialization of production capacity, and the de industrialization trend has been determined. Even if the pig price increases so high from mid to late October to November 2021, the de industrialization range of the industry can still reach 1.2%, which reflects that the de industrialization trend within the industry has been determined.
Asahi bio Biao 3 20cm trading boards
In terms of individual stocks, the market is in hot rotation, and the differentiation of individual stocks is obvious. On Monday, the covid-19 detection plate was among the top gainers in the two cities. Among them, Asahi biology even Biao three 20cm limit boards, Hangzhou Alltest Biotech Co.Ltd(688606) 20% limit, Shenzhen Bioeasy Biotechnology Co.Ltd(300942) , Tellgen Corporation(300642) , Beijing Hotgen Biotech Co.Ltd(688068) rose by more than 10%.
On Friday, Asahi biology announced the abnormal fluctuation of stock trading, saying that the daily closing price of the company's shares deviated by more than 30% in three consecutive trading days on January 5, January 6 and January 7, 2022, According to the relevant provisions of the trading rules of Shanghai Stock Exchange, special provisions on stock trading on the science and Innovation Board of Shanghai Stock Exchange and detailed rules for real-time monitoring of abnormal stock trading on the science and Innovation Board of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
On Monday, the dragon and tiger list showed that an Xu biological bought a total of 85.3795 million yuan, accounting for 28.69% of the total turnover, sold a total of 49.9916 million yuan, accounting for 16.80% of the total turnover, and the net purchase was 35.3878 million yuan, accounting for 26.14% of the total turnover of the dragon and tiger list.
In the frequent plate rotation switching, the hot stocks hyped in the early stage continued to collapse. The previously soaring hot stocks China Reform Health Management And Services Group Co.Ltd(000503) , Yueyang Xingchang Petro-Chemical Co.Ltd(000819) both fell by the limit. It is worth noting that, previously, China Reform Health Management And Services Group Co.Ltd(000503) 2 months soared 261%, which is the bull stock since November. Suddenly fell to the limit on January 7. The same is true for Yueyang Xingchang Petro-Chemical Co.Ltd(000819) , which has risen more than twice in the previous month and a half. The "sky floor" market was staged on January 6, closing down 6.32% on the same day; On January 7, it fell directly to the limit; The limit fell again on Monday, falling sharply for two consecutive days, Yueyang Xingchang Petro-Chemical Co.Ltd(000819) with a cumulative decline of 24%. In addition, Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) which rose sharply in the early stage resumed trading today. It once fell more than 15% in the opening and 9.17% in the closing.
on Friday (January 10)
tabulation: Zhang Ying
For the market that has been shaken recently, where will the future market of A-Shares go in 2022?
Citic Securities Company Limited(600030) : the sharp position adjustment of institutions at the beginning of the year accelerated the "high cut to low", and the collapse and reappearance of high-level track. Stable growth is the main line for at least the first quarter. The market consensus on low-level blue chips will be strengthened, the starting point of the market in the first half of the year will be delayed, and the short-term adjustment will bring a better allocation time point. On the one hand, the pre disclosure of the annual report is gradual, the performance of the high track is difficult to exceed expectations, the performance of the low plate is difficult to be lower than expectations, and the configuration cost performance changes one after another. The substantial position adjustment effect of the organization at the beginning of the year accelerated the "high cut low", and the sudden collapse and reappearance of the high track is the main reason for the market adjustment in the beginning of the year. On the other hand, infrastructure first and real estate second, the steady growth policy in the first quarter is expected to move from relay to joint force, and the relevant main lines have strong sustainability. It is expected that the economic data disclosure in the fourth quarter of 2021 will confirm the bottom recovery trend of economic growth, and there is sufficient guarantee for stabilizing the economy and the market; In addition, the impact of peripheral liquidity expectations on the market is gradually weakening. The starting point of the market in the first half of the year will be delayed. The first quarter is still the best participation window for the blue chip market in the whole year. The short-term adjustment will bring a better allocation time point. It is suggested to continue to focus on the "three low positions". In terms of industry configuration, we continue to recommend "three lows", specifically including: 1. Varieties whose fundamentals are expected to be still low, and focus on midstream manufacturing suppressed by cost problems in the early stage, such as vehicle, lithium battery cell, photovoltaic equipment, etc; In addition, some of the consumer industries represented by Baijiu in the fourth quarter of 2021 have already fulfilled the larger valuation restoration. It is suggested that the basic expectations in the first quarter of this year are still at a low level of tax exemption and entertainment consumption. 2. For the varieties whose valuation is still relatively low, it is recommended to pay attention to the high-quality developers, building materials and home furnishing enterprises after the expected mitigation of real estate credit risk, the Internet leaders of Hong Kong stocks after the impact of medium concept stocks, and the fine chemical enterprises with the ability to develop new businesses such as new materials; 3. High boom varieties with relatively low stock price after adjustment, such as semiconductor equipment driven by localization logic, special chip devices and military industry.
Guotai Junan Securities Co.Ltd(601211) Securities: since the beginning of 2022, the A-share market has experienced some adjustment. The gem index and the CSI 1000 index have decreased by 6.80% and 4.09% respectively. Behind the analysis of market fluctuations, the core lies in the valuation pressure caused by the expected change of liquidity at the denominator. On the one hand, what we see is that the demand for steady growth has been further established, and the expectation of economic growth has changed from the original fear of stalling to the expectation of stabilizing; On the other hand, what we see is the consensus judgment of the market on the decline of earnings in the second quarter of 2022. Therefore, the "poor" of molecular end profit is not the leading factor in the current market. In contrast, at the denominator end, China's loose expectations tend to be consistent and the marginal increment is less. Superimposed on overseas monetary policies, the adjustment of market liquidity expectations was accelerated, and the investment focus was switched from high growth to undervalued value. On the whole, with steady growth as the anchor, with the expected improvement of fundamentals, the valuation repair channel is opening. In the future, on the basis of grasping the high prosperity, we should face up to the matching degree between profit and valuation, and grasp the investment opportunities of value style.
He Jinlong, general manager of Meili Investment: due to the pressure of institutional ranking at the end of 2021, institutional position adjustment from the end of the year to the beginning of the year will be frequent. On some popular tracks, it is easy for institutions to escape and stampede. The recent callback of new energy and photovoltaic is also based on this. The overall choice of institutions to flee the track is not clear, and the overall choice of institutions to flee the track is not clear. This is also the reason for the differentiation of the overall market in the near future. With the support of the steady growth policy advocated by the central economic work conference, a cautious and optimistic judgment can be maintained in 2022, and the recent continuous shock adjustment period is also a stage for a good company with rising long-term performance.
Zhao Yuanyuan, investment director of Jianhong times: since the position adjustment and stock exchange of institutions in the new year has not ended, and the Fed's interest rate increase and contraction table are on the verge, the market obviously prefers low-end stocks. In addition to agriculture, which is concerned at the beginning of each year, the continuously active sectors since the beginning of the year have mainly focused on the low-level old infrastructure stocks represented by underground pipe gallery and real estate. In the environment of both marginal warming of Finance and currency, the first quarter is expected to be the best period for cyclical stocks. It is suggested to pay attention to the pipes, high-end waterproof materials, design / testing services related to the construction of underground pipe gallery, as well as household appliances and decoration in the middle and lower reaches of the real estate.
sun Jiandong, founder of Hongdao Investment: the adjustment of new growth stocks since early December 2021 has both internal and external causes of track congestion and industrial policy adjustment: in our opinion, under the condition that the policy shift of the Federal Reserve and vigorous tightening are on the way, China has standardized some non-standard, opaque A series of measures of over expanded off balance sheet leveraged funds are to release risks in advance and take precautions. This is also in line with the meaning of the topic of "taking multiple measures to promote the smooth operation of the market and resolutely prevent big ups and downs and urgent ups and downs" in an interview with Xinhua News Agency reporters years ago. From the starting point of policy supervision, preventing the market from going up and down and rushing up and down will certainly not lead to the market going up and down and rushing up and down. From the market's own law, external factors and internal factors are superimposed in a period of time, and it is the natural law of trading that the relatively crowded track in the stock market kills more in the short term. In general, time and space are symmetrical. Since it is a way of killing more, the adjustment time will not be long.
Xia Fengguang, fund manager of private placement network: affected by the advance expectation of interest rate increase by the Federal Reserve, the NASDAQ index has fallen for four consecutive days. The instability of the overseas market and the relative weakness of the A-share market confirm each other, and the market confidence is in a cautious state. But I think the situation in China is obviously different from that in US stocks. This is because first, China's monetary policy and macro operation cycle are different from those of the United States. Wide credit is the mainstream direction of China's policy. Point 2: structurally, the short-term market pressure mainly comes from the disintegration of new energy conglomerates, which is affected by the change of risk appetite of US stocks. On the other hand, the underpriced sectors such as big finance, real estate and infrastructure are doing well, which has a strong support for the index, so the overall optimism in the first quarter will remain unchanged.
(source: Voice of Securities Daily)
