Shrink! On Monday (April 18), the three major A-share indexes rose and fell, the Shanghai index fell 3200 points, and the transaction amount of the two cities throughout the day was less than 800 billion yuan. In terms of hot spots, the rise of agricultural stocks and the strength of automobile stocks have attracted much market attention. What are the investment opportunities for A-Shares in the shock pattern? How to adjust positions and exchange shares?
In terms of individual stocks, on Monday, A-Shares rose more and fell less. A total of 2821 stocks rose and 1737 stocks fell. Among them, 92 stocks closed at the daily limit and 61 stocks fell by the limit.
Trading limit of individual stocks on Monday (April 18): p align = "center" tabulation: Zhang Ying
For the aftermarket of a shares, institutions generally said that the market maintained range volatility, and it is recommended to pay attention to stocks with undervalued value, performance and definite performance.
Haitong Securities Company Limited(600837) believes that the index level shows that the market adjustment has been significant. 1. historical data show that the market bottomed out in the following order: High Dividend Stocks broad-based index heavy fund stocks. Recently, heavy fund stocks have been covering the decline. 2. Compared with history, the valuation of CSI 300 is close to the beginning of 2019, and the valuation of gem is lower than that at the beginning of the epidemic in March 2020. 3. The style of this year is similar to that of 2012. The annual value is slightly dominant and the growth is expected to be dominant in stages. At present, it continues to focus on the main line of steady growth, such as finance, real estate and new infrastructure, which is more flexible.
Guotai Junan Securities Co.Ltd(601211) Securities said that the value market is far from over as it continues to change positions. After the RRR reduction, the reaction of A-Shares was slightly flat, which on the contrary explained the limitations of monetary easing. The index fluctuated between 3100 and 3400 points, and the revaluation of sectors and companies with stable cash flow has not ended. Style revolves within the value sector rather than growth / value switching. In the exchange, there are still many investors looking forward to the switch between value and growth again. Even if there is, we believe that the opportunity of growth rebound is fleeting, and we suggest investors to actively change positions in the rebound. Investment opportunities are in stocks with low-risk characteristics: stocks with undervalued value, performance and definite performance.
At the same time, public funds, private placement and other institutions also expressed optimistic views on the future market.
Tong Diyi, general manager of longying fuze assets, believes that the market fluctuated today, but the gem rebounded, indicating that the market sentiment has warmed up slightly. At present, peripheral risks still exist, and the overall risk appetite of the market will still be suppressed to a certain extent. However, at the current time point, it is obvious that there is no need to continue to be pessimistic. First, after substantial adjustment in the early stage, the whole market has been in a low position; Second, the policy level is undoubtedly becoming more and more active, which will undoubtedly play a greater and greater support for the recovery of market confidence; Third, China's epidemic will eventually be brought under control, and the suppression of the epidemic on China's economic fundamentals and A-share sentiment will eventually be lifted. Generally speaking, the systemic risk in the future market is not large, and it is more likely to find the bottom of the shock and improve the shock.
Hu Bo, manager of Rongzhi investment fund under private placement paipai.com, said that although the RRR reduction came as scheduled, there was an obvious upward expectation of US interest rates after the overseas fed raised interest rates and reduced the table, which depressed China's monetary policy space and restricted the use of China's monetary instruments. In fact, the market does not lack liquidity, but is more based on concerns about economic and credit expansion. Until this problem is solved, we should maintain a relatively cautious attitude in the short term.
Yang Ziyi, research director of Zhongrui Heyin, believes that combined with the current risk premium index and historical quantile of valuation, the medium and long-term opportunities in the current market are greater than the risks. After the short-term risks are obviously released, it will be a good opportunity to increase the layout.
In terms of hot spots, on Monday, agriculture, auto parts and semiconductor sectors rose sharply, while textile and clothing, food and beverage, wine making, logistics and other sectors strengthened; Coal, securities companies, real estate, insurance, banking and other sectors led the decline.
hot spot 1: 10 agricultural stocks collectively rose by more than 4% in three segments
On Monday, agricultural stocks performed well, with the top three agricultural segments, including chicken farming, pork concept and feed, rising by more than 4%, reaching 6.17%, 4.08% and 4.01% respectively. Specifically, to look specifically at the concrete, as the end of the closing, at the end of the closing, there are Hongda Xingye Co.Ltd(002002) 688 and other 10 agricultural stocks rose collectively.
In this regard, The Pacific Securities Co.Ltd(601099) securities analysis believes that in the chicken sector, the recent outbreak of highly pathogenic avian influenza in European and American countries may inhibit the introduction of Chinese ancestors, the suspension of introduction and the medium-term rise of prices, or high probability events. The stock prices of relevant stocks are currently at historic lows, and it is strongly recommended to pay attention to the bottom allocation opportunities of the broiler sector. Individual stocks focus on Shandong Minhe Animal Husbandry Co.Ltd(002234) , Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) and Fujian Sunner Development Co.Ltd(002299) . In terms of pork concept, the market value of most individual stocks is below a reasonable level, and the investment has a good safety margin. Focus on the four golden pigs that are obviously underestimated, Muyuan Foods Co.Ltd(002714) , Tecon Biology Co.Ltd(002100) , Shenzhen Kingsino Technology Co.Ltd(002548) and Tangrenshen Group Co.Ltd(002567) .
hot spot 2: auto manufacturing sector soared by nearly 4% and 14 shares rose by the limit
On Monday, the automobile manufacturing sector was active, up 3.95%. As of the closing, 14 concept stocks had been trading together, of which Zhongjie (Jiangsu) Technology Co.Ltd(301072) , Jiangsu Bojun Industrial Technology Co.Ltd(300926) and others had reached the "20cm" trading limit.
On the news side, after the Shanghai Economic and Information Technology Commission released the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work on April 16, Saic Motor Corporation Limited(600104) said it would start the stress test of returning to work on April 18. Tesla's super factory in Shanghai Lingang Holdings Co.Ltd(600848) and Contemporary Amperex Technology Co.Limited(300750) Shanghai Lingang Holdings Co.Ltd(600848) base will also actively fight the epidemic and arrange various work according to the requirements of the government.
In this regard, Zhongtai Securities Co.Ltd(600918) suggests that the core targets of auto connectors, controllers and IOT modules should be laid out on a bargain hunting basis. In terms of market performance, affected by the epidemic, the core targets of automobile connectors, controllers and Internet of things modules generally fell by 30% - 50% from the recent high, and the valuation is at a historical low. Under the influence of the epidemic, some companies still achieve high growth in the forecast of the next quarterly report. With the orderly progress of resumption of work and production, the impact of the epidemic on the supply chain is expected to be alleviated. After the logistics recovery, the vehicle manufacturers may increase the supply chain replenishment procurement in the short term, and the sentiment of the sector is expected to be repaired. Intelligent innovation + localization will continue to promote the medium-term growth of the industrial chain. It is suggested to lay out the core targets of automobile connectors, controllers and Internet of things modules on a bargain hunting basis.
