9:10, April 22
Yesterday, the market was relatively fierce. Not only the index showed a unilateral downward trend, but also almost all the sectors fell. There were few hot spots in the market, showing a scene of comprehensive elimination.
However, from the emotional point of view, since the current market sentiment has fallen to the freezing point, and after the concentrated release of panic, the momentum of killing and falling can be greatly consumed. As the saying goes, when things reach the extreme, they will turn around. There is an expectation of emotional recovery in the market.
On the news side, the warm wind was blowing behind the sector yesterday. First of all, the CSRC held a symposium on the national social security fund and some large banking and insurance institutions, which required to make full use of the amount of equity investment and further expand the proportion of equity investment. In combination with the opinions on promoting the development of individual pension issued by the State Council recently, it further defines the participation scope, system mode, payment ceiling, investment scope and treatment of individual pension. Although the entry of insurance capital into the market in recent years has been thunder and rain for many years, it is expected that the incremental capital in this area is expected to reach more than 700 billion. Even if the liquidity of the market cannot be improved immediately in a short time, the maintenance of short-term confidence in the market is expected to benefit directly.
Another piece of news is about the consumer sector. The Ministry of Commerce issued a voice after hours, emphasizing the role of consumption in China’s economic growth. At the same time, it also mentioned the impact of the current epidemic, and said that “as the impact of the epidemic is gradually controlled and various policies and measures to promote consumption are effective, it is expected that consumption will continue to recover in the later stage”. Consumption, as the first weight of China’s economic growth, is an important starting point to ensure stable economic growth. Therefore, even if there is an epidemic impact on the social zero consumption data in March and April, after the epidemic, the overall consumption will continue to recover, and the policy side will probably launch more measures to promote consumption.
From yesterday’s disk, although the large consumption sector also showed a large correction as a whole, the reduction and consolidation of wine, food and beverage and other sectors today maintained a relatively healthy relationship between price and volume. In terms of individual stocks, Anji Foodstuff Co.Ltd(603696) 5 Lianban, Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) 4 Lianban, Better Life Commercial Chain Share Co.Ltd(002251) 3 Lianban, and the space height of the market is also occupied by the large consumption sector. In the case that the funds of high-level stocks have not yet experienced a ebb tide, superimposing the above positive news, the probability of capital return for the large consumer sector today is not low. Then, the strength of capital return today directly determines the subsequent strength of the sector. When the large consumption sector can once again become the leading direction of the disk, it shows that the recognition of capital for the consumption sector is still, and the continuity of the consumption sector is more guaranteed. On the contrary, once it falls sharply after a short rise, or when high-end stocks fall centrally, the probability of subsequent time consolidation of the consumer sector will be greatly improved. At that time, it will be safer to wait patiently for the emergence of a new direction of market certainty under the reshaping of market style.
