Shanghai and Shenzhen stock markets both opened low on the 21st, and the index fluctuated lower in the morning. In the afternoon, driven by securities companies, insurance and other financial stocks, it recovered rapidly, then weakened again, and the decline continued to expand near the end of the day. The gem index fell 2300 points, the Shenzhen composite index fell to 3%, and the CSI 1000 index fell more than 4% The Contemporary Amperex Technology Co.Limited(300750) share price fell below the 400 yuan mark and continued to brush the new low since June last year. As of the closing, the stock index reported 307981 points, down 2.26%, with a turnover of 396.5 billion yuan; The Shenzhen composite index reported 1108428 points, down 2.70%, with a turnover of 459.8 billion yuan; The gem index reported 231246 points, down 2.17%, with a turnover of 159.2 billion yuan.
hot sector
On the disk, the whole sector of the two cities is green, and the decline of textile manufacturing, small household appliances, securities companies, banking, insurance, coal and other sectors is narrow; Scenic spots and tourism, corn, chemical fertilizer, transgenic, phosphorus chemical industry, aquaculture, silicon energy and other sectors led the decline. More than 4400 stocks in the two cities floated green, and only more than 300 stocks rose.
disk interpretation
Huaan Securities Co.Ltd(600909) believes that up to now, the two core factors restricting the market have not changed significantly, and even the restrictive force is still strengthening. Therefore, in the short term, the market is expected to remain in the stage of weak shock and bottom grinding: one of the core factors is that the expectation of monetary tightening of the Federal Reserve is still in the process of strengthening. The second core factor is that the introduction time and strength of the steady growth policy are lower than market expectations, which is difficult to reverse the market's pessimistic expectations of the future economic prospects. Therefore, before at least one of these two core factors is significantly improved, the market risk appetite is expected to remain depressed in the short term, and the market will continue to be weak. The short-term weakness does not change the pattern of excellent performance price ratio in the medium and long term of the market. The valuation of the main A-share index after deep and substantial adjustment has fallen sharply to the low position of the center, and even some industries have been absolutely underestimated.
Hexin investment advisers pointed out that the current market is still facing a big test. On the one hand, the yield of US bonds has risen continuously. Under the upside down of interest rate spread between China and the United States and the expectation of RMB devaluation, the northward capital outflow has been net for three consecutive days; On the other hand, the market's expected LPR adjustment failed yesterday. Although in theory, the probability of LPR adjustment is small on the basis of the unchanged MLF interest rate in the early stage, the market still pays high attention to it, so the market sentiment fell after the failure of the expectation of interest rate reduction. At the same time, the performance of several stocks with greater influence in the early stage was lower than expected, and the impact of covid-19 epidemic and commodity price rise on stock performance began to appear, causing market concern to a certain extent. In the short term, the market is still in the risk release stage. Investors need to pay attention to controlling risks and wait patiently for the market to be clear. However, at the current time point, we believe that investors can be cautious but should not be overly pessimistic. After substantial adjustment, the valuation advantage of the A-share market is becoming more and more obvious. At the same time, in the environment of continuous development of China's positive policies, the medium-term opportunities of A-shares are still worth looking forward to. In terms of allocation direction, it is suggested that bargain hunting pay attention to the expectation of the first quarter report and the direction of steady growth (nuclear power, 5g + industrial Internet, UHV, water conservancy and pipe gallery) and the real estate, building materials and other sectors that are expected to see marginal improvement in the industry boom under the continuous increase of policies. At the same time, it is also recommended to bargain hunting the tourism, hotel and catering sectors in the post epidemic cycle.
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CSRC: speed up the formulation and introduction of supporting rules and systems for individual pension investment in public funds
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.
Yichun times new energy mining, a Contemporary Amperex Technology Co.Limited(300750) subsidiary, obtained Yichun lithium exploration right
Contemporary Amperex Technology Co.Limited(300750) official wechat news, on April 20, Contemporary Amperex Technology Co.Limited(300750) holding subsidiary Yichun Times New Energy Mining Co., Ltd. successfully won the exploration right of ceramic soil (including lithium) in zhenkouli, Yifeng county and jianxiawo mining area, Fengxin County, Jiangxi Province with a quotation of 865 million yuan. The mine is located about 40 kilometers away from the 21 ° direction of Yifeng County, Yichun city. The administrative division is under the jurisdiction of Huaqiao Township, Yifeng county and Shangfu Town, Fengxin County. The exploration right covers an area of 6.44 square kilometers. It is inferred that the porcelain ore resource is 960251000 tons and the associated lithium metal oxide is 265678 tons Contemporary Amperex Technology Co.Limited(300750) will accelerate the exploration and development of lithium resources, increase the supply of lithium resources, boost the price of lithium related raw materials to return to rationality, help Yichun build a new energy all green industrial development system of "lithium resources - lithium battery materials - electric vehicles" and build a green "lithium capital of Asia" on the premise of meeting the national strategic mineral security guarantee.
