Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index fell 0.49% to close at 319552 points; The Shenzhen Component Index rose 0.37% to close at 1169147; The gem index rose 1.11% to close at 248777.
[industry tracking] industry: 13 industries rose and 17 industries fell. The sectors of agriculture, forestry, animal husbandry and fishery, electronics and power equipment rose by 3.43%, 2.79% and 2.24% respectively; Coal, real estate, banking and other sectors led the decline, with declines of – 3.49%, – 3.36%, – 2.97%.
Comments
Agriculture, forestry, animal husbandry and fishery sector rose, mainly from the rise of aquaculture sector. At the news level, the recent outbreak of avian influenza in the United States continued and spread in the Midwest of the United States. Global egg prices continued to rise, while China’s egg prices also rose to a certain extent in March; In terms of pork, the central government collected and stored another 40000 tons of pork last week. At present, the pork price is still running at a low price. Although the feed cost has declined recently, it is still at a high level. Under this background, the supply side is expected to fall in the future, and the pork price is expected to rebound. In terms of individual stocks, Shandong Xiantan Co.Ltd(002746) , Shandong Minhe Animal Husbandry Co.Ltd(002234) , Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) and other individual stocks rose by the limit. The electronics sector rose significantly, with automotive chips performing better. On the evening of the 16th, the Shanghai Municipal Commission of economy and information technology issued the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work and production in Shanghai, which required that on the premise of ensuring that the risk is controllable, we should vigorously, orderly and effectively promote the resumption of work and production of enterprises and ensure the safety and stability of the supply chain of the industrial chain. Under the catalysis of the news, electronics, automobile and other manufacturing industries rebounded greatly. In addition, from the perspective of the first quarterly report, the electronics industry has a high expectation rate and the prosperity still exists. In the medium and long term, it is still the key direction of national strategic development. After the valuation falls to a reasonable range, it has a certain allocation value. In terms of individual stocks, Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Shanghai Belling Corp.Ltd(600171) , Hangzhou Silan Microelectronics Co.Ltd(600460) and other individual stocks rose by the limit.
The concept of auto parts led the increase. Similar to the chip industry, previously affected by the epidemic in Shanghai, Tesla‘s Shanghai factory, Weilai and other auto enterprises stopped production, including local auto parts manufacturers in Shanghai, which has a certain impact on the industry. With the release of the prevention and control index for the resumption of work and production of industrial enterprises in Shanghai, it is expected that the resumption of work and production will be promoted and the industry will gradually resume normal production. In terms of individual stocks, Mingxin Automotive Leather Co.Ltd(605068) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Ningbo Tianlong Electronics Co.Ltd(603266) and other individual stocks rose by the limit.
Outlook
Today, the three major indexes rose and fell, with the Shanghai index falling 0.49% and the gem index rising 1.11%. At the news level, overseas, the conflict between Russia and Ukraine is still repeated, and the expectation of the Federal Reserve raising interest rates by 50 basis points in May is still heating up; On the Chinese side, there were news catalysts such as the central bank’s RRR reduction last Friday and the guidelines for the resumption of work and production in Shanghai. Overall, the current overseas pressure still exists, but China’s policy support suggests paying attention to the direction of national strategic support, such as infrastructure, energy industry chain, agriculture, logistics (ensuring supply and dredging supply chain).
Risk warning: the profit of the enterprise is less than expected; Increased volatility in overseas markets; Impact of epidemic on economic production
