Market review: the index fluctuated downward, led by coal, agriculture and petrochemical
Today’s index fluctuated downward. As of the close, the Shanghai index fell 0.05% to 319403, the Shenzhen index fell 0.5% to 1163332, and the gem index fell 1.38% to 245355. SSE 50 fell 0.91% and CSI 1000 rose 0.31%. In terms of sectors, coal (2.71%), agriculture, forestry, animal husbandry and fishery (2.28%), petroleum and Petrochemical (2.02%) led the increase, while beauty care (- 2.06%), electronics (- 1.85%), medicine and Biology (- 1.41%) led the decrease. The turnover of the two cities was 779394 billion yuan, an increase of 0.14% over the previous trading day and a decrease of 10.4% over the previous five days. The net sales of northbound funds were 1.944 billion yuan, including 2.264 billion yuan in Shanghai and 321 million yuan in Shenzhen.
Market focus: economic data release in the first quarter and March
On April 18, the Bureau of statistics released the economic data for the first quarter and March of 2022. In March, the added value of industries above Designated Size actually increased by 5.0% year-on-year; In the first quarter, the national fixed asset investment (excluding farmers) increased by 9.3% year-on-year. Among them, manufacturing investment increased by 15.6%, infrastructure investment (excluding power, heat, gas and water production and supply) increased by 8.5% year-on-year, and national real estate development investment increased by 0.7% year-on-year. In the first quarter, the total retail sales of social consumer goods increased by 3.3% year-on-year. Among them, the retail sales of consumer goods other than automobiles increased by 3.6%. Excluding price factors, the total retail sales of social consumer goods in the first quarter actually increased by 1.3% year-on-year. In March, the total retail sales of social consumer goods decreased by 3.5% year-on-year.
Strategy suggestion: focus on the market value and dividend index
The index fluctuated downward, and more than 2700 stocks rose in the two cities as of the close. Transgenic, oil and gas exploitation, chemical fertilizer, coal and other concepts performed strongly. The net outflow of main funds was 9.207 billion yuan, and the funds mainly flowed into new energy vehicles, rural revitalization, real estate and other themes.
In terms of the general trend of a shares, at present, the negative factors at home and abroad have not been completely cleared, the market sentiment is low, and the repair will take time. In this process, it is vulnerable to periodic impact and continues to “grind the bottom”. We maintain our previous judgment. At this stage, we suggest to focus on large cap value stocks with better defense ability and valuation repair space. The dividend proportion is high, and the dividend index dominated by upstream resources and its component targets can be used as a defense choice. At the same time, the expectation of post epidemic recovery is taking shape. It is suggested to continue to pay attention to the recovery of supply chains across the country.
