The trend of China’s A-Shares was generally stable on the 18th, but there was differentiation among the main stock indexes, which mainly reflected that the Shanghai stock index of large blue chips fell and fell below the 3200 point mark; The gem index, with more concentrated science and innovation stocks, rose more than 1%.
As of the closing of the day, the Shanghai stock index reported 3195 points, down 0.49%, with a turnover of 366.4 billion yuan (RMB, the same below); Shenzhen composite index reported 11691 points, up 0.37%, with a turnover of 411.9 billion yuan; The small and medium-sized composite index reported 11652 points, up 0.82%; Gem index reported 2487 points, up 1.11%.
China’s National Bureau of Statistics announced on the 18th that after preliminary accounting, China’s GDP in the first quarter was 270178 billion yuan, an increase of 4.8% year-on-year at constant prices and 1.3% month on month over the fourth quarter of 2021.
Tao can, general manager of the equity investment department of CCB fund, said that China’s economic growth in the first quarter announced on the same day was basically in line with market expectations. The adjustment of the Shanghai index today may be mainly because the central bank recently lowered the reserve requirement by 25 basis points, which is lower than the market expectation, which has an impact on investors’ enthusiasm to do more. However, at present, positive factors in the market are accumulating, such as the resumption of work and production in Shanghai at the weekend. Investors should not be overly pessimistic.
On the 16th, the Shanghai Municipal Economic and Information Technology Commission issued the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work and production in Shanghai (the first edition), with a total of 21 articles in five major items, providing guidelines for industrial enterprises returning to work and production.
In terms of specific sectors, in addition to the decline in real estate, finance and other sectors, most A-share sectors rose on the same day. Among them, auto parts, semiconductors and other sectors led the increase, up 4.56% and 3.48% respectively.
According to Northeast Securities Co.Ltd(000686) analyst Shen Zhengyang, there are two main reasons for the strength of auto parts and other sectors and gem index on the same day: on the one hand, since this year, the above-mentioned sectors and gem index have suffered a large decline, with rebound potential; On the other hand, the recent covid-19 pneumonia epidemic situation in China is more severe, especially in the Yangtze River Delta, which has impacted industries with long industrial chains such as new energy vehicles. With the gradual easing of the epidemic, enterprises in relevant regions are returning to work and production in an orderly manner, and it is expected that relevant emerging industries are expected to receive more support from stable growth policies in the future.
