Today (April 21), the Shanghai and Shenzhen stock markets opened low across the board. At the beginning of the trading, the stock index fluctuated upward, even turned red for a time, then surged up and fell back, and continued to weaken; In the afternoon, the securities sector rose sharply, prompting the intraday rebound of the index, but the strength and sustainability were weak, and the index fell down again. On the whole, the whole day showed a pulsed downward pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index fell 2.26% to 307981 points; The Shenzhen composite index fell 2.7% to 1108428; The gem index fell 2.17% to 231246.
From the disk point of view, the financial “three brothers” strongly supported a shares, the textile and garment sector showed resistance to decline, the other industries and concept sectors were “green”, the general decline market reappeared, and the local profit-making effect was poor. In terms of industry, insurance, securities, textile and clothing, banking and other industries are relatively strong.
In terms of capital, the central bank announced on April 21 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on April 21, 2022, with a bid winning interest rate of 2.1%. Due to the maturity of RMB 10 billion reverse return today, the people’s Bank of China has realized zero delivery and zero return in the open market.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the China Securities Journal, the opinions of the general office of the State Council on promoting the development of individual pensions was issued on April 21. The CSRC said on the same day that in the next step, it will speed up the formulation and introduction of supporting rules and systems for individual pension investment in public funds, improve the construction of infrastructure platform and optimize the market environment for medium and long-term funds; Continue to strengthen the supervision of institutions and employees, improve the management ability and standardized operation level of managers, strengthen investor protection, ensure the safety and standardization of pension investment and operation, and promote the high-quality development of individual pensions.
2. According to the interface news report, the Ministry of industry and information technology and the national development and Reform Commission issued the guiding opinions on the high-quality development of chemical fiber industry on April 21. It is proposed that by 2025, the industrial added value of chemical fiber enterprises above Designated Size will increase by 5% annually, and the proportion of chemical fiber output in the world will be basically stable. The innovation ability has been continuously enhanced, the investment intensity of R & D funds in the industry has reached 2%, and the R & D and manufacturing capacity of high-performance fibers meets the national strategic needs. The digital transformation has achieved remarkable results. The digital popularization rate of enterprise operation and management has reached 80%, and the numerical control rate of key processes has reached 80%. The green manufacturing system has been continuously improved, the proportion of green fiber has been increased to more than 25%, the annual average output of bio based chemical fiber and degradable fiber materials has increased by more than 20%, the comprehensive utilization level and scale of waste resources have been further developed, and the carbon emission intensity of the industry has been significantly reduced. Form a number of leading enterprises with strong competitiveness, build a high-end, intelligent and green modern industrial system, and build a chemical fiber power in an all-round way.
3. According to China business news, Gao Feng, spokesman of the Ministry of Commerce, said at a regular press conference that promoting the integration of domestic and foreign trade is an important decision and deployment made by the Party Central Committee and the State Council. The Ministry of Commerce will make joint efforts with the member units of the inter ministerial working mechanism, with the goal of unblocking China’s international double cycle, strive to remove the institutional obstacles to the integration of domestic and foreign trade, and help market players make full use of China’s international markets and resources to realize the efficient operation of domestic and foreign trade. In the near future, the Ministry of Commerce will work with relevant departments to select some regions to carry out the pilot of domestic and foreign trade integration, form a number of experience and practices that can be copied and popularized, and promote the development of domestic and foreign trade integration throughout the country from point to area.
4. According to the China Securities News, Gao Feng, a spokesman of the Ministry of Commerce, said at a regular press conference of the Ministry of Commerce on April 21 that at present, there are 132 comprehensive cross-border e-commerce pilot zones across the country, basically covering the whole country, forming a development pattern of land and domestic linkage and east-west two-way mutual assistance. According to the deployment of the State Council, the Ministry of Commerce conducted a comprehensive evaluation of the first five batches of 105 cross-border e-commerce comprehensive test zones in China. From the evaluation, the first five batches of comprehensive test zones have earnestly implemented the spirit of the reply of the State Council, vigorously promoted the innovation of system, management and service, and achieved remarkable construction results.
institutional views
For the current market, Central China Securities Co.Ltd(601375) believes that the A-share market opened low and fell sharply on Thursday. In the morning, the Hang Seng Index of Hong Kong fell sharply, which dragged down the stock indexes of the two cities to jump into the sky and open low and then go down quickly. The Shanghai index broke through the 3100 point integer mark again in the session, and the market risk aversion increased suddenly. The industries such as chemical fertilizer, agriculture, animal husbandry, feeding and fishing, military industry and cycle, which led the rise in the early stage, fell sharply in turn, and the panic of investors spread again. The trading volume of the two cities is 850 billion yuan, and the characteristics of the stock game remain the same.
At present, except for the Shanghai Composite Index, other major indexes have reached new lows in the year. It still needs strong boost from external forces to reverse the situation in the future. It is suggested that investors pay close attention to the changes of policy, capital and external factors. It is expected that the Shanghai stock index is more likely to continue to explore and seek support in the short term, and the gem is more likely to fluctuate in the short term. 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.
Qianhai open source Fund said that the overall market in the second quarter was still in the state of index shock consolidation and capital stock game. Structurally, we will focus on and layout the investment opportunities after the improvement of the epidemic in stages. If the epidemic in China improves in the future, the sectors seriously dragged down by the epidemic, such as leisure services, food and beverage, commerce and retail, will be repaired.
Rongwei Securities pointed out that the comprehensive judgment of the second bottom of the market is mainly affected by the international situation and the expected increase of interest rates in the United States, and the internal risk of the market is small. In addition, the situation of general decline is difficult to be sustainable, so it is not appropriate to be overly pessimistic. Pay attention to avoiding high valuation varieties, bargain hunting and allocating undervalued targets, and pay attention to the bottom opportunities of pre increase in annual report and first quarter report and high score red targets.
Huaan Securities Co.Ltd(600909) mentioned that the cost performance advantage of the steady growth sector has not ended before the economy has improved significantly (far from fashion) or the growth target is confirmed to be abandoned. The growth sector focuses on tracking and paying attention to the inflection point of US bond yield. Once the US bond yield starts the periodic downward inflection point, the decline of US stocks stops and picks up, and the growth sector is expected to usher in the opportunity of oversold rebound. The interest rate meeting of the Federal Reserve in early May will be an important observation time window.
The agency further analyzed that the current market is in a period of rapid rotation, so it is appropriate to allocate it in a balanced manner, paying attention to three main lines and two major themes: Main Line 1: the introduction of consumption promotion policies and the gradual easing of the epidemic situation in some regions, the consumption is expected to continue to usher in phased valuation repair, and pay attention to the valuation repair of food and beverage, medicine and biology, The price rise of mandatory consumer goods (planting industry, chemical fertilizer, dairy products and condiments) and the recovery of service travel chain “rush” related opportunities; Main line 2: the chain of steady growth is not over yet, and attention is paid to opportunities such as building materials, building decoration, steel, cement, real estate chain and banks; Main line 3: the scenery should be long-term and optimistic about the medium and long-term configuration value of the growth style. At present, the valuation of electronics and other industries has been at an absolute low level. In terms of theme, it is suggested to allocate around the digital economy and the reform of state-owned enterprises.
