There are obvious signs of investors running into the market.
Recently, according to the data on the official website of China Clearing, the number of new investors in the market exceeded 2 million in March, reaching 2.302 million, an increase of 63% month on month. Since April last year, there have been no more than 2 million new investors in a single month. Chinese reporters of securities companies noted that the number of new investors in the market is a phased high in March every year.
more than brokers explained the reasons to reporters. First of all, it may be related to the expectation of the spring market. There has been a good spring Market in the past few years. Secondly, it may be related to the incentive policies of securities companies and banks. Thirdly, it may be related to the behavior of investors. The plan of the year lies in spring. At the beginning of the year, we will make some investment planning
Looking forward to the future, head securities companies such as CITIC and CICC are relatively optimistic.
Citic Securities Company Limited(600030) said that the medium-term repair market may be delayed, but the pessimistic expectation has been fully released, and the market is imminent. It is suggested to strengthen the main line of steady growth and lay out varieties with low valuation and low expectation China International Capital Corporation Limited(601995) believes that the overall market valuation has returned to the historically low position, and there is no need to worry too much about the future performance. The medium and long-term market opportunities outweigh the risks.
new investors hit a one-year high
The number of new investors in March was about 2.3 million. Compared with historical data, there are only a few months with a monthly increase of more than 2.3 million. In March 2021, about 2.48 million new investors were added; In July 2020, about 2.43 million new investors were added; In March 2017, about 2.33 million new investors were added; In April, may and June of 2015, the number of new investors exceeded 4 million.
that is to say, the number of new investors in March 2022 is the seventh in history
The reporter also noted that the data in March of many years are a relatively phased high point. March this year was the highest level in the past year. March 2021 is the highest in the past five years. March 2020 is the second highest in the past three years. March 2019 is also the high point of the past year. March 2018 was the high point of the past year. In addition, 2017 and 2016 also meet this situation.
Why did this happen? Several brokers told reporters that there may be three reasons for this.
First, it may be related to the expectation of the spring market. In the past few years, including 2021, 2020, 2019 and other years, there has been a wave of good spring market. The market will push investors into the market.
Secondly, it is related to the policy of making a good start. From the perspective of securities companies, many securities companies have a good start after the Spring Festival, and the reward for opening an account is doubled and the incentive is increased. From the perspective of banks, there are also tasks to make a good start. In the first quarter of the year, we may strive to complete part of the annual indicators. The third-party depository is the easiest to complete among the bank's task indicators, so we should rush first in the year.
Finally, it may be related to the behavior of investors. A year's plan is spring. Some investors plan to make some investment in the new year. After the year-end bonus is paid, they may have the idea of opening an account.
In addition, it is noteworthy that in February this year, the number of investors in the A-share market officially exceeded the 200 million mark. According to the data on the official website of China Clearing, as of February 25, with the continuous increase of new investors, the number of market investors has reached 200008700.
Since March 2020, the number of new investors in the market has begun to "soar", adding more than one million in a single month for 19 consecutive months. Since November 2021, the number of new investors in the market has increased by more than one million for four consecutive months.
brokerage Chinese reporter noted that although the number of new investors in the market increased significantly, the performance of the A-share market in March this year was not optimistic. According to the data, in March 2022, the Shanghai Composite Index fell 6.07%, the Kechuang 50 index fell 12.69%, the Shenzhen composite index fell 9.94% and the gem index fell 7.7%. Meanwhile, in the first quarter of this year, the Shanghai index fell 10.65%, the science and innovation 50 index fell 21.97%, the Shenzhen composite index fell 18.44% and the gem index fell 19.96%
Citic Securities Company Limited(600030) : the market is imminent
Citic Securities Company Limited(600030) strategy team said that the turning point of the epidemic in Shanghai is approaching, and it is expected that the social aspect will be cleared gradually; This round of epidemic has seriously dragged down the economy, and it is difficult for growth to return to the target level in the first half of the year. It is soon expected that policies related to expanding investment in the second quarter will speed up, and supply chain dredging and consumption stimulation will be carried out at the same time. Due to the epidemic, the medium-term repair market has been delayed, but the stable growth market will be more clear and lasting.
Citic Securities Company Limited(600030) said that the current monetary easing such as the reduction of reserve requirements and interest rates is difficult to directly alleviate the concerns of investors. The market is still waiting for the inflection point of the epidemic and the resumption of work and production. The medium-term repair market may be delayed, but the pessimistic expectation has been fully released and the market is imminent. It is suggested to strengthen the main line of steady growth and lay out varieties with low valuation and low expectation.
China International Capital Corporation Limited(601995) believes that there are still many uncertainties faced internally and externally. However, considering that the current asset price may have reflected more pessimistic expectations, the cumulative correction time of the market is long and the adjustment range is large, the overall market valuation has returned to a historically low position, and there is no need to worry too much about the future performance. The market opportunities in the medium and long term dimension outweigh the risks
China Securities Co.Ltd(601066) Chen Guo said that from the change of current situation, the next month is the key observation period, which is mainly due to China's epidemic situation, China's epidemic prevention and economic policies, global inflation, overseas interest rate hikes and contraction expectations, which are still in a negative or chaotic state. The next month is the key observation period for the clarity or marginal improvement of these situations, and the market may usher in the conditions for confirming the completion of the bottom.
Chen Guo said that a series of issues such as the epidemic situation in Shanghai, the closure and resumption of work, the setting of the follow-up economic policies at the Politburo meeting at the end of April, global inflation and the expectation of raising interest rates are also important observation points in the future. Before these factors are clear or improved, the market is facing challenges and pressure. Investors should be cautious, observe and wait.
Everbright Securities Company Limited(601788) said that the market may rebound moderately if the RRR reduction superimposes the epidemic situation or the current inflection point. In the short term, the support for offline consumption may be further increased in the future. Recently, the central government mentioned increasing the rescue efforts for retail, catering, tourism and other industries, and may see more supporting policies after the epidemic. From the perspective of the whole year, it is also optimistic about the performance of the consumer sector. Its core is that the performance elasticity of the consumer sector is relatively lower, the downward pressure on performance in the economic downturn stage is relatively smaller, and the comparative advantage is more prominent.
Everbright Securities Company Limited(601788) said that steady growth will also be the main line of capital market in the dimension of 2022. This year's economic work is mainly stable, and the finance is expected to be relatively positive. Sectors related to steady growth usually perform well during the period when the steady growth policy is launched. It is expected that steady growth this year will also be the main line that deserves the most attention. It is suggested to pay attention to building materials, banks, real estate, etc.
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