Today (April 22), the Shanghai and Shenzhen stock markets opened low across the board. After the stock index fluctuated at the beginning of the session, there was a wave of pull-up, and both turned red. Then the index plunged and fell back. In the afternoon, the three major stock indexes stabilized and climbed again. The Shanghai index recovered 3100 points in the session, but fell again in the late session, and the Shenzhen Composite Index and gem index were more vulnerable.
As of the day’s closing of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.23% to 308692 points; The Shenzhen composite index fell 0.29% to 1105170; The gem index fell 0.69% to 229660 points.
From the disk point of view, the financial “three brothers” continued to protect the market, the textile and garment sector lifted the tide of limit, the rise and fall of the industry and concept sector were different, and the local profit-making effect still existed. In terms of industries, textile and clothing, shipping ports, electric power, insurance, shipbuilding, banking, engineering construction and other industries led the increase; In terms of theme stocks, green power, oil and gas equipment and services, pumped storage, horse racing concept, secondary new shares, natural gas, new retail and other gains were higher.
In terms of capital, on April 22, the central bank conducted a 7-day reverse repurchase operation of 10 billion yuan today, and the bid winning interest rate was 2.10%, the same as before. As 10 billion yuan of reverse repo expired today, zero delivery and zero return were realized.
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 interface news report, the Party group of the National Bureau of statistics held an expanded meeting on the 22nd. The meeting stressed that the statistical department should strengthen agricultural statistics with grain output survey as the core, improve the agricultural statistical survey system, and do a solid job in the statistical work in the field of “agriculture, rural areas and farmers”. We will improve the statistical system for promoting high-quality development, improve the statistical monitoring system for the digital economy, and promote statistical reform in the field of scientific and technological innovation.
2. According to the China Securities News, Wang Chunying, deputy director and spokesman of the State Administration of foreign exchange, said at the press conference of the state information office on April 22 that the recent changes in the exchange rate of RMB against the US dollar are mainly affected by the trend of the international financial market and multiple factors of market supply and demand. Compared with major international currencies, the trend of RMB exchange rate has been relatively stable since this year.
3. According to the securities times, the State Administration of Taxation and other ten departments issued a notice on Further Strengthening the support of export tax rebate and promoting the stable development of foreign trade. The notice proposes to strengthen the connection between export credit insurance and export tax rebate policy. If an enterprise obtains export credit insurance compensation due to its inability to collect foreign exchange for the export business declared for tax rebate, the export credit insurance compensation shall be regarded as the collection of foreign exchange and the export tax rebate shall be handled. We will improve the export tax rebate policy for processing trade. In order to support the development of processing trade enterprises and further reduce the burden of enterprises, after the tax rate of export products is consistent, the input tax of value-added tax transferred out due to inconsistent tax rate is allowed to be deducted from the input tax transferred in by enterprises.
4. According to the interface news report, according to the website of the State Administration of foreign exchange, the statistics of the State Administration of foreign exchange show that in March 2022, the bank settled foreign exchange of 163744 billion yuan, sold foreign exchange of 1467.6 billion yuan, and had a surplus of 169.9 billion yuan. From January to March 2022, the bank has settled 4193.3 billion yuan of foreign exchange, sold 3820.2 billion yuan of foreign exchange and had a surplus of 373.1 billion yuan of foreign exchange.
organization viewpoint
For the current market, Rongwei Securities pointed out that the epidemic has brought new fundamental challenges after April, but the determination to stabilize the growth of the policy is still very firm. The market decline is a response to the superposition of multiple negative factors. With the force of the policy, it will gradually reverse the pessimism of the market. At present, there are many industries with investment value in the A-share market. It is suggested to pay attention to the inflection point of the epidemic, and the market sentiment will be repaired. At that time, the oversold industry will usher in a large-scale rebound.
Previously, Guosheng securities also believed that it is not appropriate to be overly bearish at present, and we can choose another opportunity to deal with it according to the rebound strength in the subsequent rebound market. We can focus on the power point of the national “stable growth” policy and choose the sectors closely related to people’s livelihood such as food, clothing, housing and transportation to do low absorption.
Citic Securities Company Limited(600030) said that at present, all departments focus on dredging the supply chain and industrial production in the Yangtze River Delta. After the epidemic is controlled, it is expected that the policy will comprehensively increase and stimulate consumption according to the damage. At present, monetary easing such as reducing reserve requirements and interest rates is difficult to directly alleviate the concerns of investors. The market is still waiting for the inflection point of the epidemic and the resumption of work and production. The medium-term repair market may be delayed, but the pessimistic expectation has been fully released and the market is imminent. It is suggested to strengthen the main line of steady growth and lay out varieties with low valuation and expected low.
In terms of configuration, Bohai Securities pointed out that we should be patient. The congestion of most of the short-term “stable growth” sectors has been at a high level in recent five years, and the risks have gradually accumulated, so we need to be cautious. Investors can tap opportunities for performance exceeding expectations around the first quarterly report. For the medium and long term, after the economy stabilizes, the growth sector is still expected to return to the main line, and the long-term allocation value will be more prominent.
In addition, Northeast Securities Co.Ltd(000686) mentioned that A-Shares are currently at the bottom of the medium term, and the market bottom after the end of the policy is approaching. It is suggested to bargain hunting layout. In the industry direction, pay attention to the policy oriented finance, real estate, construction and consumption, and the cycle catalyzed by the performance forecast in the first quarter, benefiting from the medicine, mandatory consumption, media and computers of the epidemic.
First, from the perspective of policy orientation, steady growth and wide credit will continue, and the favorable real estate, construction and banks deserve attention; Second, from the perspective of performance orientation, we can pay attention to the cycle direction of nonferrous metals, iron and steel, chemical industry, etc. with good performance forecast in the first quarter, high global resource prices and tight balance between supply and demand;
Third, from the perspective of expected improvement, the demand for anti epidemic, residents’ demand for goods, online demand and digital governance under the epidemic situation have increased, and the related industries such as medicine, mandatory consumer goods, media and computer deserve attention;
Fourth, from the perspective of oversold rebound, we can pay attention to CXO and vaccines, military industry, semiconductor equipment and materials, and the upstream of new energy vehicles in oversold but high prosperity medicine.
