Shrink! On Tuesday (April 19), the three major A-share indexes continued to shake and sort out, with a transaction amount of less than 800 billion yuan. In terms of hot spots, resource stocks such as mining assistance and coal and oil have strengthened one after another, while agricultural stocks continue to make great efforts and perform well. What investment opportunities does the market have in the shock and grinding bottom? What are A-Shares waiting for?
As of the close, the Shanghai Composite Index fell 0.05% to 319403 points, the Shenzhen composite index fell 0.5% to 1163332 points, and the gem index fell 1.38% to 245355 points; A total of 779.39 billion yuan was traded in the two cities, and 1.944 billion yuan was sold by northbound funds.
In terms of individual stocks, on Tuesday, the A-share market rose more or fell less. A total of 2685 stocks rose and 1870 stocks fell. Among them, 74 stocks closed at the daily limit and 44 stocks fell by the limit. From the perspective of the industry, the trading limit stocks are mainly concentrated in chemical industry, agriculture, forestry, animal husbandry and fishery, media, commerce and retail, medicine and biology and other industries.
Trading limit of individual stocks on Tuesday (April 19): p align = “center” tabulation: Zhang Ying
For the rebound trend of a shares, institutions generally said that the market is still in the trend of shock and grinding the bottom. It is suggested to pay attention to the investment opportunities of undervalued blue chips.
Guosheng Securities believes that in terms of technical form, the current stock index is subject to the suppression of the 20th line, and the form is still a shock and bottom grinding trend. After the gem index continued to decline, it was stronger than the Shanghai index for the first time in the near future. The seesaw effect of the two indexes reappeared, initially showing signs of ultra-low value tuyere and transferring to the growth tuyere dominated by gem and Kechuang 50. Before it is clear, it is suggested to focus on balanced allocation as a whole. Future concerns: first, the planting sector under the international “food crisis” can be concerned; Second, in the first quarter, a number of enterprises in the semiconductor industry predicted that the revenue increased by more than 50% year-on-year, while the semiconductor fell sharply in the early stage, and there may be poor expectations in the future. However, the seesaw effect on April 18 and the reversal tuyere of traditional oversold have preliminary signs of transferring to the growth tuyere, or strengthen the poor expectations.
Central China Securities Co.Ltd(601375) pointed out that on Tuesday, the A-share market surged higher and suffered a slight shock. In the morning, the stock indexes of the two cities rose slightly and fell back. The popular industries such as semiconductor, automobile, wine making and electronic components, which led the rise the day before yesterday, fell across the board. The cyclical industries such as pesticide, chemical fertilizer, coal and oil rose against the trend. The Shanghai index fluctuated narrowly around 3200 points throughout the day, and the market hot spots continued to show the characteristics of frequent conversion. The trading volume of the two cities is less than 800 billion yuan, and the characteristics of the stock game remain the same. At present, the stock index is in the weak consolidation stage, and the future market is facing the choice of breakthrough direction. Before the trend is clear, it is suggested that investors should watch more and move less, and pay close attention to the changes of policy, capital and external market. It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
At the same time, public funds, private placement and other institutions have also put forward their views on the future market. Lang Chengcheng, general manager of the research department of Furong fund, believes that the next two weeks will be the intensive disclosure period of the annual report and the first quarterly report. On the whole, due to the epidemic and the rise in the price of upstream raw materials, there will be a certain downward pressure on the performance of middle and downstream companies. The short-term market is still expected to be dominated by shocks. Structurally, it is suggested to make a relatively balanced layout and gradually shift from bargain hunting to growth, focusing on: 1. Pay attention to the growth track, such as semiconductors, photovoltaic Pharmaceutical and other stocks with better than expected performance. 2. “Real estate chain” and “new and old infrastructure” based on the expectation of fiscal policy.
Lei, chief research official of Xingshi investment, said that for the market, the economic data in the first quarter basically met expectations, and the negative impact of the epidemic may have been reflected in the early trading. Although the downward pressure on the economy still exists, there is no need to remain pessimistic at the current time point. Looking back, under the policy of steady growth and scientific prevention and control, the impact of the epidemic weakened, and China’s economy gradually improved, which is a high probability event. On the one hand, the fiscal policy is making continuous efforts. At present, the financial funds and project reserves are in a relatively abundant state. On the other hand, the resumption of work and production in Shanghai is being actively promoted, the pressure on the manufacturing industry chain is relatively relieved, and the market is expected to be gradually stable.
Liu Cunxin, assistant fund manager of private placement network, believes that at present, the overall market sentiment is cautious, and most funds are in a wait-and-see state, so the market still needs time to grind the bottom. At present, we still need to wait for the “fundamental bottom” or “economic bottom”, which will come after the epidemic is well controlled and the incentive policies are well implemented. Before that, it is suggested to focus on cautious and defensive investment.
Yuan Huaming, general manager of Huahui Chuangfu investment, believes that the uncertainty and suppression of investor sentiment caused by China’s repeated epidemic, overseas geographical conflicts and the tightening of the liquidity of the Federal Reserve are still large. At the same time, stable growth policies and expectations such as RRR reduction have also played a relatively strong bottom support for the market. The role of the two forces makes the market maintain the process of range shock and bottom grinding. The slowing down of geographical conflicts, the marginal improvement of China’s epidemic situation and the strong steady growth policy may become the catalyst to promote market stabilization and even upward attack; However, if the geopolitical conflict worsens and China’s epidemic spreads, the possibility of market downturn cannot be ruled out. At present, the market uncertainty is still prominent. It is a more suitable investment strategy for ordinary investors to see more and do less. The opportunity after the direction is determined is easier to grasp.
In terms of hot spots, on Tuesday, the chemical fertilizer sector rose sharply, the cyclical sectors such as oil, coal, gas, steel, chemical industry and nonferrous metals rose collectively, and the sectors such as agriculture, food and beverage, textile and clothing, tourism, real estate and banking all rose; The trend of semiconductor, insurance, wine making, automobile and securities companies is weak.
hot spot I: Mining assistance joined hands with coal and oil sector to rise by 5 shares and limit
On April 19, the mining auxiliary and coal oil and other resource sectors performed well. As of the closing, the sectors rose by 3.98% and 3.44% respectively. Among the individual stocks, Shanxi Blue Flame Holding Company Limited(000968) , huaiyou shares, Liaoning Energy Industry Co.Ltd(600758) , Shanghai Datun Energy Resources Co.Ltd(600508) , Renzhi shares and other five concept stocks collectively rose by the limit.
In this regard, Guotai Junan Securities Co.Ltd(601211) said that it is expected that the central crude oil price will rise in the future. Standing at the moment, it is still optimistic about the allocation value of the petrochemical sector, with key recommendations: first, upstream resource companies that underestimate the value direction and have strong profit certainty; Second, the long-term dimension recommends industry leading enterprises with growth and active transformation of new materials.
Cinda Securities believes that the medium and long-term oil price will remain high for a long time, and the energy resources are expected to be in a boom cycle in the next three to five years. It continues to be firmly optimistic about the historic allocation opportunities of energy resources such as crude oil under the capacity cycle. At present, the performance of Qinhuangdao port and coal enterprises operating at high coal prices in the first quarter is expected to increase significantly, and the industry’s annual profit is highly uncertain. At present, the overall valuation level of the industry is still in a relatively low position, which is optimistic about the improvement of the long-term valuation center, the undervalued value is high, and the allocation advantage of the dividend industry is obvious.
Hot spot 2: Agricultural stocks continued to make efforts, and 8 agricultural stocks rose by the collective limit
On April 19, agricultural stocks continued to rise, and relevant sub sectors such as seed industry, biological pesticides, aquaculture, chemical fertilizer, chicken breeding, feed, agriculture, forestry, animal husbandry and fishery rose one after another, with an increase of more than 2%. As of the closing, eight agricultural stocks including Joyvio Food Co.Ltd(300268) , Yuehai feed, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) , Shenzhen Kingsino Technology Co.Ltd(002548) , Shandong Xiantan Co.Ltd(002746) , Zhongnongfa Seed Industry Group Co.Ltd(600313) , Xinjiang Korla Pear Co.Ltd(600506) , Baotou Huazi Industry Co.Ltd(600191) , etc. collectively rose.
In terms of policies, the general office of the Ministry of agriculture and rural areas and the comprehensive Department of the National Rural Revitalization Bureau jointly issued the guidelines for social capital investment in agriculture and rural areas (2022), which made it clear that social capital is an important supporting force for comprehensively promoting rural revitalization, and it is necessary to increase the driving force of policy guidance and expand effective investment in agriculture and rural areas. In terms of production, the data released by the National Bureau of Statistics yesterday showed that the situation of agricultural production was stable in the first quarter, animal husbandry grew steadily, agricultural production services continued to be strengthened, and the preparation for spring farming was carried out smoothly and orderly.
Citic Securities Company Limited(600030) pointed out that for the breeding direction, the worst performance of Chinese listed companies has passed, and the breeding stocks are facing emotional and performance repair. It is recommended to continue to pay attention to the pig breeding sector; Planting direction and seed industry innovation have attracted attention. At the same time, the prosperity of the industry has increased and the industrialization of biological breeding has accelerated. It is suggested to pay attention to the seed industry and biological breeding sector.
