Today (January 12), the Shanghai and Shenzhen stock markets opened high, and the stock index fluctuated at the beginning of trading; In the afternoon, subject stocks broke out in an all-round way, leading the index to rise rapidly. At the end of the day, the Shanghai index accelerated its upward attack, and the gem index showed a stronger performance. After terminating seven consecutive overcast days, it ushered in a one-day rebound.
As of the day’s close of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.84% to 3597.43 points; The Shenzhen Component Index rose 1.39% to 14421.20; The gem index rose 2.64% to 3136.69.
From the disk point of view, the industry and concept sectors rose more or fell less, and the local profit-making effect is prominent. In terms of industry, energy metals, tourism hotels, power grid equipment, food and beverage, packaging materials and medical devices led the gains. In terms of subject stocks, prefabricated dishes, UHV, smart grid, virtual power plant, online tourism and solid-state batteries led the gains.
In terms of capital, the central bank announced on January 12 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China carried out RMB 10 billion reverse repurchase operation by means of interest rate bidding on January 12, 2022, and the bid winning interest rate was 2.20%. In view of the maturity of RMB 10 billion reverse repurchase today, zero delivery and zero return can be realized in a single day.
hot plate
Top 10 of industry plate increase
Top 10 of industry plate decrease
Top 10 of concept plate increase
Top 10 of concept plate decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to the website of the National Bureau of statistics, in December 2021, the national consumer price increased by 1.5% year-on-year. In 2021, the national consumer price increased by 0.9% over the previous year.
2. According to Guangming Daily, it was learned from the national medical insurance bureau that recently, Hubei took the lead in the bid opening of centralized procurement of 19 provincial alliance Chinese patent medicines, with a procurement scale of nearly 10 billion yuan. Finally, 97 enterprises and 111 products were selected, and the average price of the selected products decreased by 42.27% and the maximum decreased by 82.63%. According to the calculation of the annual demand of the 19 provincial alliance, it is estimated that the annual drug cost can be saved by more than 2.6 billion yuan.
3. According to the interface news report, at the press conference of Shanghai municipal government held on January 12, the reporter learned that the Shanghai data regulations have been officially implemented since January 1, 2022. The regulations mentioned that the government should establish a unified non-public data procurement system, improve the intensive utilization level of financial funds, and accelerate the application of government enterprise data fusion.
4. According to CNews, what are the priorities of CAAC’s work in 2022 in the face of industry development pressure and safety pressure? On January 12, Sun Wensheng, deputy director of the comprehensive Department of CAAC, said at a press conference that in 2022, the industry will strive to turn around losses and increase profits as a whole without repeated fluctuations in the epidemic situation.
institutional view
Earlier, YueKai securities mentioned that the funds were slightly hesitant and chaotic at the beginning of the year, the rising plate was mainly the valuation repair of the low-temperature plate, and the market was worried that the agitation in spring was gone. The policy expectation before the two sessions of the A-share “calendar effect” is expected to rise. According to statistics, the A-share market has performed well in both the winning rate and the average rise and fall in the 15 trading days after the Spring Festival in the past 10 years. We believe that the agitation in spring is hard to end. The logical support behind this round of market is: this round of market starts from the wide currency + wide credit brought by the expected rise of steady growth under the economic downturn cycle. At present, there is still room for wide currency, wide credit has yet to be effective, and both expectations have not been fulfilled.
In addition, Wanlian Securities said that in the first half of 2022, the policy uncertainty decreased periodically after the central economic work conference, superimposed with loose expectations, and was optimistic about the cross-year market of restlessness in spring. In the second half of 2022, the economy slowly walked out of the pressure zone, the uncertainty of economic policy environment decreased, and the market will gradually recover in the second half of the year.
In terms of operation strategy, the mechanism further analyzes seven configuration directions. First, green power: Recently, the 14th five year plan of China Southern Power Grid has been implemented. The planned investment in power grid construction is 670 billion, an increase of 50% over the 13th five year plan. The investment in distribution network (accounting for 50%) and the supporting rate of energy storage (nearly 20%) exceed expectations. In 2022, we will focus on power grid automation, electrochemical energy storage and energy storage inverter.
Second, intelligent vehicles: after new energy, intelligence will become the general trend of China’s automobile industry. In 2020, the scale of China’s intelligent networked vehicle market reached 255.6 billion yuan, a significant year-on-year increase of 54.35%.
Third, meta universe: as an important application landing equipment of meta universe, VR / AR is expected to meet strong demand again. Apple is expected to launch Mr headset as early as next year. Its entry will be accompanied by strong user ecology and mature supply chain, and the market is expected to be greatly promoted.
Fourth, consumption: since the fourth quarter, mass consumer goods enterprises have intensively raised prices, and the performance probability has reached the bottom. The cost pressure is gradually relieved, the superimposed demand recovers, and the performance in 2022 is expected.
Fifth, medicine: the impact of centralized purchase has gradually weakened, and the market is expected to show stable positive growth in the future. The valuation of the pharmaceutical sector has been in a low quantile. It is expected that the overall valuation of the pharmaceutical sector will be repaired in 2022, and the innovation and transformation are also worth looking forward to.
Sixth, military industry: in 2022, the new production capacity will enter the centralized production period. In the fourth quarter and early next year, pay attention to the transmission progress of military industry landscape to the middle and lower reaches. Focus on new materials, main engine plants and military electronics.
Seventh, specialization and Innovation: “specialization and innovation” has been mentioned many times at the national strategic level since this year. “Little giant” focuses on advanced manufacturing, TMT, pharmaceutical and chemical industries, with strong growth and innovation.
Orient Securities Company Limited(600958) pointed out that the agitation in spring this year may fluctuate around the Spring Festival and may end before and after the two sessions; The industry style will probably not be switched, and the growth of small and medium-sized stocks continues to be dominant. First of all, in terms of market trend rhythm, the restlessness rate of this spring fluctuates around the Spring Festival, but will not end ahead of schedule: (1) historically, the Spring Festival and the two sessions are important nodes, mainly due to changes in liquidity and policy expectations; And the core reason for ending before and after the Spring Festival is that the liquidity expectation has changed significantly.
(2) the high valuation of the current market structure and the shift of overseas policies have increased the possibility of market fluctuations. The liquidity expectation may continue before and after the two sessions, but the policy expectation may be implemented before and after the two sessions. Secondly, in terms of the rhythm of the industry style, on the one hand, the current spring agitation is still in the first stage. The strong style is related policy support industries such as meta universe and old and new infrastructure. The current policy support continues, and the prosperity expectation will not change; On the other hand, loose liquidity continues to support the growth style of small and medium-sized stocks.
The agency also said that in terms of industry configuration, it pays attention to the media, securities companies and agriculture expected to improve, policy oriented new infrastructure such as green power and UHV, as well as the cycle growth of undervalued values related to new energy. First, from the perspective of expected improvement, pay attention to the media and consumer electronics catalyzed by the synchronous development of hardware (VR) and Applications (such as virtual personification) in the direction of meta universe, fully implement the registration system, favorable securities companies, and agriculture under the festival effect; Second, from the perspective of policy orientation, under the economic expectation of infrastructure underpinning next year, the green power transaction and UHV construction in the new infrastructure are expected to usher in a boom, and the undervalued central enterprises of building materials in the old infrastructure deserve attention; Third, from the perspective of valuation and cost performance, focus on the cycle growth of undervalued values related to new energy, wind power and military industry, medical devices, pharmacies and traditional Chinese medicine with high prosperity and adjustment.
