panel overview
On Thursday, A-Shares opened low and went low. The three major indexes fell by more than 2%, and more than 4400 stocks fell. On the disk, insurance, securities, textile and clothing, banking and other industries are relatively strong; Chemical fertilizer, tourism and hotels, agriculture, animal husbandry, feeding and fishing, engineering construction, chemical raw materials, photovoltaic, mining, gold, steel, cement building materials, wind power, ships, real estate and other industries led the decline. In terms of subject stocks, phosphorus chemical industry, online tourism, titanium dioxide, genetically modified, low-carbon metallurgy, unified big market, civil explosion concept, soil remediation, Beijing Tianjin Hebei, underground pipe network, aquaculture, chicken concept and so on led the decline.
message surface
national Standing Committee: orderly development of nuclear power under the premise of strict supervision and ensuring absolute safety
According to CCTV news, Li Keqiang presided over the executive meeting of the State Council. The meeting pointed out that we should promote the transformation of coal-fired power units and improve energy efficiency. The transformation scale of the whole year exceeded 220 million KW. Nuclear power should be developed in an orderly manner under the premise of strict supervision and ensuring absolute safety. The three new nuclear power unit projects that have been comprehensively evaluated and reviewed and incorporated into the national plan shall be approved.
Shanghai SASAC issued a notice requiring regulatory enterprises to make every effort to resume work, production and city
The official wechat of Shanghai SASAC issued the notice on promoting enterprises supervised by Shanghai SASAC to do a good job in the work related to the resumption of work, production and city, guiding enterprises to seriously study the spirit of relevant documents while fully implementing various epidemic prevention tasks, and organize affiliated enterprises to do a good job in the preparation and implementation of the resumption of work, production and city. The circular requires all enterprises to comprehensively find out the business status and prominent problems of enterprises, implement classified measures, and make a plan for resumption of work, production and market.
individual pension system is expected to be implemented: or step-by-step implementation of the upper limit of contribution per person per year or 12000 yuan
Shanghai Securities News reporter learned from the industry that the personal pension related system that has attracted much attention is expected to be implemented in the near future. This indicates that a new era of “individual pension”, characterized by government policy support, individual voluntary participation and market-oriented operation, which is connected with basic endowment insurance and enterprise (occupational) annuity, is about to open, which is of milestone significance for improving the multi-level and multi pillar endowment insurance system.
Jufeng viewpoint
The three major indexes collectively opened low, with the Shanghai index opening and falling 0.40%, the Shenzhen Composite Index opening and falling 0.56%, the gem index opening and falling 0.48%, education, dyes, coal, etc. opening slightly higher, while smart government, hotels, unified big market and logistics made up for the decline. After the opening, agriculture, textile and clothing, education, large fund holdings, coal and banking sectors strengthened, the gem index took the lead in turning red, and the Shanghai stock index followed closely; However, the rebound lasted only 20 minutes, and soon died with the diving of real estate, steel, agriculture, animal husbandry, fishery and coal sectors. The photovoltaic sector continued its decline yesterday, Sungrow Power Supply Co.Ltd(300274) fell again, Wuxi Shangji Automation Co.Ltd(603185) , Flat Glass Group Co.Ltd(601865) , etc.
Recently, the strong agriculture, forestry, animal husbandry and fishery sector has made up for the sharp decline: transgenic, corn, planting, forestry, aquaculture and chicken concept have decreased by more than 3%; Yesterday, stimulated by favorable conditions, the smart government sector, which opened high and went low, also fell by more than 3%. Such a disk can easily send a pessimistic signal to investors: rebound is an opportunity to escape. When more and more sectors run like this, the pace of market decline can only be faster and faster!
As of the morning closing, banks, insurance and securities failed to reverse the decline of the market, more than 4300 stocks fell, and the Shanghai stock index fell below the integer mark of 3100 points.
In the afternoon, the brokerage sector rose again in a pulsed manner, driving the market to rise in a straight line. The Shanghai index once recovered 3100 points and the gem index narrowed to 0.5%. Similar to the morning trading, after a brief agitation for 20 minutes, the stock index fell again and hit a new low for the day. The three indexes fell by more than 2%. Chemical fertilizer, tourism hotels, agriculture, animal husbandry, feeding and fishing, engineering construction and photovoltaic fell sharply. At one time, all industries on the disk fell across the board, and the disk was full of panic.
Recently, we have repeatedly stressed that the current round of adjustment has seen the heaviest decline in track stocks. If track stocks cannot stop falling, it is difficult for the market to strengthen; Relying on the defensive sector, the decline can not be reversed. At present, this judgment is still valid.
investment suggestions: Jufeng investment adviser believes that the factors that suppress the sentiment of A-share investors are still geopolitics, the contraction of the US dollar, the Chinese epidemic and other factors, and the steady growth policy will provide support for A-share. The central bank’s announcement to cut the reserve requirement by 0.25% was widely interpreted as lower than expected by the market, but Shanghai announced to orderly promote the resumption of work and production of enterprises, weakening the recent panic of a shares; The lower than expected GDP in the first quarter strengthened the expectation of steady growth, so the market is still difficult to break the pattern of box shock. May day is approaching, and the market is expected to shrink. Bargain hunting with light positions can focus on three main lines: first, companies with year-on-year and month on month growth in the first quarter; Second, pork, aviation, airport, tourism and other sectors facing the inflection point of operation; Third, the theme of low-cost state-owned assets reform.
