A total of 32 shares rose the daily limit today, including 12 shares connected to the board, 16 shares failed to close the board, and the closing rate was 67% (excluding ST shares, delisted shares and unopened new shares) Better Life Commercial Chain Share Co.Ltd(002251) 9 day 8 sector, Anji Foodstuff Co.Ltd(603696) 5 connecting sector, Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) 4 connecting sector. On the disk, 333 stocks rose and 4339 stocks fell; The index of tourism, agriculture, chemical fertilizer, aquaculture and other sectors fell by more than 5%.
Haitong Securities Company Limited(600837) said that the time and space of the current round of adjustment of Shanghai and Shenzhen 300 has been relatively obvious, and the valuation has been close to the level at the beginning of 2019. In mid March this year, it almost returned to the level at the end of March 2020. The time and space of this round of adjustment is not as long as history, but the valuation has been at a low level, which was close to the level at the end of March 2020 in mid March this year. Gem refers to the current valuation has been at a historically low level. Compared with other indexes, the gem has been established for a short time and fluctuates greatly, which has little reference significance for adjusting time and space. We mainly look at the adjustment of the gem index from the perspective of valuation. From the perspective of PE and risk premium rate, the current gem index is more attractive than at the end of March 2020.
According to the bottom order analysis, High Dividend Stocks index heavy fund stocks. Looking back on the history of A-share market stabilizing and bottoming since 2010, and referring to the market bottom conditions divided in the early stage, we select the bottom areas of the 12/01, 16/01 and 19/01 markets. It can be found that the market structure feature of the stabilizing and bottoming stage is that high dividend stocks first stabilize sideways, then the index bottoms, and the fund heavy position stocks will stabilize after covering the decline. At present, in the process of the market bottoming out, the two characteristics of High Dividend Stocks bottoming out and fund heavy position stocks covering the decline have emerged. High Dividend Stocks bottomed out in August 2021, and then began to fluctuate upward. The overall market stabilized in mid March this year, and the compensatory decline of fund heavy positions has also occurred recently, which is in line with the law when the market bottomed in history.
Market Overview
Indicators show that the market’s short-term sentiment fell below the downturn area at the beginning of the session. Today, it was in a unilateral downward state and fell into a freezing point at the end of the session.
In terms of individual stocks, Better Life Commercial Chain Share Co.Ltd(002251) continued to rise, and the 9-day 8 board is the strongest high standard in the current market, Anji Foodstuff Co.Ltd(603696) 5 board, Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) 4 board, and the cooling of board stocks has been obvious recently. The number of stocks falling by more than 9% in the two cities reached 126, which has a great loss effect.
In terms of the index, the bidding collective opened low, the opening rose, all turned red at one time, and then entered a unilateral downward state, with only a wave of resistance at the opening in the afternoon. The Shanghai index closed down 2.26% and the gem index closed down 2.17%. The turnover of the two cities was enlarged. The gem index has fallen by 30.4% this year and the Shanghai index has fallen by 15.38%.
Northbound funds bought a total of 911 million yuan net today, showing an inverted “V” shape from the time-sharing point of view. The difference in the Shenzhen stock market is small, and the intraday fluctuations are mainly concentrated in the Shanghai stock market.
focus sectors and individual stocks
Textile and garment stocks opened higher, Zhejiang Sunrise Garment Group Co.Ltd(605138) 2 Lianban, Rumere Co.Ltd(301088) , Shanghai Sanmao Enterprise (Group) Co.Ltd(600689) , Shanghai Dragon Corporation(600630) , Nanjing Chemical Fibre Co.Ltd(600889) , temus daily limit. This direction is mainly affected by the fluctuation of RMB exchange rate, which has been reduced from around 6.38 to 6.47 in recent days The Fed continued to release more hawkish signals, and the market’s expectation of future interest rate hikes increased, resulting in the rapid rise of US bond interest rates to the 3% mark. Under the background that the US dollar continues to be strong and US bonds will still rise, the RMB exchange rate will be limited by the narrowing of the interest rate gap between China and the United States. It is mainly necessary to pay attention to the risk of short-term pressure on the RMB exchange rate caused by the disturbance of the future supply chain and the strong trend of the US dollar.
As for the devaluation of the RMB exchange rate, CICC said that the main reasons may be the following three points: ① the breakthrough of the key point: 6.40 is not only an important integer mark of the US dollar / offshore RMB, but also an important position of the 200 moving average. The breakthrough of this point means the end of the previous sideways situation, which may trigger a bet on the opening of a wave band Market of the RMB exchange rate at the transaction level; ② Strong US dollar: Recently, with the further strengthening of the Fed’s expectation of raising interest rates, the US dollar index continued to rise after entering April. In the 15 working days since April, the US dollar index rose for 13 working days, becoming the strongest currency since April. On the afternoon of April 19, the US dollar index went out of a wave of rising market and broke through 101.5% in the session Driven by the strong US dollar index, major Asian currencies, including the yen, the won and the Singapore dollar, fell against the US dollar, and the offshore RMB exchange rate was affected; ③ Customer offer for foreign exchange purchase in the middle of the month: historical experience shows that the period of foreign exchange purchase by importers is concentrated in the period from the 15th to the 20th of the month. Recently, with the high level of energy prices, the amount of foreign exchange purchased by importers has increased. The foreign exchange purchasing offer of importers such as energy may be the driving factor driving the change of short-term RMB exchange rate.
The retail department store sector has been greatly divided, with Better Life Commercial Chain Share Co.Ltd(002251) and Zhongxing Shenyang Commercial Building Group Co.Ltd(000715)
The food and beverage sector continued to be active, led by Anji Foodstuff Co.Ltd(603696) 5 Lianban, Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) 4 tian3 Lianban, Shandong Huifa Foodstuff Co.Ltd(603536) 2 Lianban, Qingdao Foods Co.Ltd(001219) , Qingdao Richen Food Co.Ltd(603755) first board. Both this direction and retail department stores can be classified as internal circulation and large consumption. Funds have great expectations for the direction, and there should be many opportunities in the future.
On the whole, the lethality brought by the ebb tide of the market is very strong, which is the same as the strength of the real estate sector at that time, and continues to exceed expectations. The gem index has fallen by more than 30% this year, and the Shanghai index has fallen by more than 15%. From the perspective of day K, the gem refers to all losses due to the authorized heavy kidnapping. You can pay attention to whether the Shanghai index can form a double bottom at this position.
today’s trading limit analysis chart:
