The A-share market fell collectively this morning. The Shanghai stock index once approached the integer mark of 3000 points, almost falling below 3000 points, and more than 4000 shares fell in the morning.
The Asia Pacific stock market weakened collectively. In addition to the A-share market, Japan stock market, South Korea stock market and Hong Kong stock market also weakened one after another.
On April 25, Ren Zeping issued a document suggesting that investors should remain rational and not fall before dawn.
Shanghai stock index approaches 3000 points, and more than 4000 shares fell
The A-share market fell sharply this morning. The Shanghai stock index fell below the low point set in mid March and reached a new low at this stage. It once fell more than 80 points, reaching the integer mark of 3000 points.
The adjustment range of Shenzhen Component Index was more obvious, with an intraday drop of more than 3%. Gem index and Kechuang 50 index also fell significantly.
According to the Shenwan industry, all major sectors fell across the board, led by the resource sector.
Nonferrous Metals fell more than 5% in the session Hootech Inc(301026) , Dongguan Eontec Co.Ltd(300328) , Yunnan Luoping Zinc&Electricity Co.Ltd(002114) , Zhuzhou Smelter Group Co.Ltd(600961) and other stocks fell by more than 10%.
The coal sector also fell more than 5% in the session Shanghai Datun Energy Resources Co.Ltd(600508) , Shanxi Coal International Energy Group Co.Ltd(600546) , Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) , Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) and other stocks hit the intraday limit.
The steel sector also fell sharply, Inner Mongolia Eerduosi Resources Co.Ltd(600295) , Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) and other stocks fell sharply.
While the black series stocks fell sharply, the black series futures fell sharply at the same time, among which the main contracts of China’s iron ore futures fell by more than 10%. The main contract of coke futures fell by more than 6%.
Textile and clothing, electronics, mechanical equipment and other sectors also fell significantly.
Agriculture, forestry, animal husbandry and fishery, architectural decoration, household appliances and other sectors also fell to varying degrees, but the decline was relatively small.
In terms of individual stocks, the market fell more or rose less, and more than 4000 stocks fell during the session.
On the news side, the comprehensive RRR reduction officially landed today. Previously, on April 15, the people’s Bank of China announced that in order to support the development of the real economy and promote the steady decline of comprehensive financing costs, the people’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (excluding financial institutions that have implemented the deposit reserve ratio of 5%). In order to increase the support for small and micro enterprises and “agriculture, rural areas and farmers”, for urban commercial banks without inter provincial operation and agricultural commercial banks with deposit reserve ratio higher than 5%, an additional 0.25 percentage point will be reduced on the basis of reducing the deposit reserve ratio by 0.25 percentage point. After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.1%. When answering a reporter’s question on reducing the deposit reserve ratio of financial institutions, the relevant person in charge of the people’s Bank of China said that the RRR reduction released a total of about 530 billion yuan of long-term funds. The reduction is a comprehensive reduction. Except for some corporate financial institutions that have implemented the deposit reserve ratio of 5%, the deposit reserve ratio is generally reduced by 0.25 percentage points for other financial institutions. For urban commercial banks without inter provincial operation and rural commercial banks with a deposit reserve ratio higher than 5%, on the basis of reducing the deposit reserve ratio by 0.25 percentage points, an additional 0.25 percentage points will be reduced, which will help to increase support for small and micro enterprises and “agriculture, rural areas and farmers”.
several large cap leading stocks fell sharply, Jiangsu Hengrui Medicine Co.Ltd(600276) and New China Life Insurance Company Ltd(601336) intraday limit
It is worth noting that this morning, the share prices of several leading companies with large market capitalization plummeted, or even fell by the limit, including some companies with a market capitalization of 100 billion yuan.
Jiangsu Hengrui Medicine Co.Ltd(600276) intraday limit of Jiangsu Hengrui Medicine Co.Ltd(600276) , one of the leading pharmaceutical companies. Before the sharp drop this morning, the stock market was worth more than 200 billion yuan. At present, it has fallen below 200 billion yuan. After considering the right and interest factors, the share price of the stock also hit a new low in the past three years. Since 2022, Jiangsu Hengrui Medicine Co.Ltd(600276) has decreased by more than 40%.
Jiangsu Hengrui Medicine Co.Ltd(600276) the financial data disclosed on Friday showed that in 2021, the company achieved a revenue of 25.906 billion yuan, a year-on-year decrease of 6.59%, and the net profit attributable to the parent company was 4.53 billion yuan, a year-on-year decrease of 28.41%; In the first quarter of 2022, Jiangsu Hengrui Medicine Co.Ltd(600276) achieved a revenue of 5.479 billion yuan, a year-on-year decrease of 20.93%, and the net profit attributable to the parent company was 1.237 billion yuan, a year-on-year decrease of 17.35%.
New China Life Insurance Company Ltd(601336) a shares fell by the intraday limit. Before this year, the market value of the company was more than 100 billion yuan for a long time, and the current market value is more than 80 billion yuan.
Last Friday, New China Life Insurance Company Ltd(601336) released the announcement of pre reduction of performance in the first quarter of 2022. The announcement said that according to the company’s preliminary calculation, the net profit attributable to the shareholders of the parent company in the first quarter of 2022 was 1.261 billion yuan – 1.892 billion yuan, which is expected to decrease by 4.414 billion yuan – 5.044 billion yuan compared with the same period in 2021, a year-on-year decrease of 70% – 80%; Compared with the same period in 2021, the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses is expected to decrease by 4.418 billion yuan to 5.049 billion yuan, a year-on-year decrease of 70% – 80%. The main reason for the expected decline of the company’s performance in the first quarter of 2022 is that New China Life Insurance Company Ltd(601336) announced that under the condition of high net profit base in the same period last year, the investment income decreased due to the downturn of the capital market, resulting in a large year-on-year change in the net profit of the current period New China Life Insurance Company Ltd(601336) announced that the company operated normally and realized a total premium income of 64.890 billion yuan in the first quarter, an increase of 2.4% year-on-year.
China Merchants Bank Co.Ltd(600036) , Ping An Bank Co.Ltd(000001) also fell sharply China Merchants Bank Co.Ltd(600036) a shares fell by more than 8% during the session.
On Friday, China Merchants Bank Co.Ltd(600036) announced that according to the information disclosed on the website of the Central Commission for Discipline Inspection and the State Supervision Commission on April 22, 2022, China Merchants Bank Co.Ltd(600036) (hereinafter referred to as the company) Tian Huiyu, former party secretary and President of China Merchants Bank Co.Ltd(600036) (hereinafter referred to as the company), was suspected of serious violation of discipline and law, and is currently undergoing discipline review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission. According to the announcement, at present, Wang Liang, executive vice president of the company, presides over the China Merchants Bank Co.Ltd(600036) work, and the operation and management of the company operates normally. The company has no undisclosed information that should be disclosed. In addition, China Merchants Bank Co.Ltd(600036) also released the first quarterly report of 2022. The above quarterly report shows that from January to March 2022, the group achieved an operating revenue of 91.990 billion yuan, a year-on-year increase of 8.54%; The net profit attributable to the bank’s shareholders was 36.022 billion yuan, a year-on-year increase of 12.52%.
According to the 21st Century Business Herald, in response to investors’ questions about stock prices, China Merchants Bank Co.Ltd(600036) executive vice president (presiding over the work) Wang Liang said that China Merchants Bank’s stock price fluctuated and fell last week. We were very anxious and had in-depth communication with investors.
The average compound growth rate of revenue of China Merchants Bank since its listing was 19.99%. We are not only full of confidence in the future of China Merchants Bank, but also because China Merchants Bank has laid a stronger foundation for development, including business foundation, customer foundation and management foundation, which can support a longer-term development. If the foundation is not firm, the earth will shake and the mountains will shake. CMB pays more attention to infrastructure construction, and its business results are natural. We should be based on a century old store and have a lasting foundation.
Wang Liang said that China Merchants Bank has built a balance sheet known as a fortress by analysts, which is safer, more stable and long-term, and worthy of investors’ confidence, including profitability, income structure, capital adequacy ratio, liquidity coverage and risk recovery ability. CMB data is very safe and reassures investors. China Merchants Bank’s roe is very high, but it can still maintain endogenous capital growth.
In addition, the China Merchants Securities Co.Ltd(600999) session, with a market value of more than 100 billion yuan, also fell by more than 7% at one time. Last night, China Merchants Securities Co.Ltd(600999) released the first quarterly report of 2022. The announcement showed that in the first quarter of 2022, the company achieved a revenue of 3.696 billion yuan, a year-on-year decrease of 38.01%, and the net profit attributable to shareholders of listed companies was about 1.49 billion yuan, a year-on-year decrease of 42.99%.
100 billion market value companies Yihai Kerry Arawana Holdings Co.Ltd(300999) rose sharply, with an intraday increase of more than 6%, becoming one of the few large market value companies that rose against the trend in the morning.
Asia Pacific stock markets weakened
In addition to the A-share market, Asia Pacific stocks also weakened collectively today.
Japan’s Nikkei 225 index fell more than 2% during the session.
The South Korean stock market opened lower today, with the South Korean composite index falling more than 1.5% in the session.
China’s Hong Kong stock market also weakened sharply this morning. Hang Seng Index and Hang Seng technology index both fell by more than 2% during the session. Haidilao and China Merchants Bank Co.Ltd(600036) H shares fell sharply.
U.S. stocks suffered a sharp decline last Friday, with the three major stock indexes falling more than 2%, of which the Dow Jones Industrial Average fell sharply by 2.82%.
Ren Zeping advised investors to remain rational and not fall before dawn
On April 25, Ren Zeping issued a document suggesting that investors should remain rational and not fall before dawn. “In the darkest hour, it is recommended that investors remain rational, do not amplify short-term pessimism, ignore long-term optimism, and do not fall before dawn when a series of favorable policies are constantly introduced and when the share price of good companies and good stocks falls below the intrinsic value.”
Ren Zeping said that real investors should be more optimistic about good companies and good stocks. The more they fall, the more they rise, the more pessimistic they are. They should be optimistic at the bottom and pessimistic at the top. Investment is anti human, so it is destined to be the success of a few people. Investment is basically the realization of cognition. To make a good investment, we should start from changing cognition.
For the current economic situation, he believes that there are four key issues: first, scientific epidemic prevention and resumption of work and production, which is 1 and others are 0; The second is the soft landing of real estate. Don’t demonize real estate. In the short term, we should appropriately release rigid demand and improved demand; The third is the countercyclical overweight of new and old infrastructure; The fourth is how to restore the vitality of market players. He predicted that monetary and fiscal expansion and steady growth in the form of reform are needed in the future. In theory, public policy departments have unlimited ammunition, and the strength of economic recovery depends on the impact and rhythm of policies. With stability at the forefront, it is expected that a series of favorable policies for steady growth, such as scientific epidemic prevention, deregulation of real estate regulation, reduction of reserve requirements and interest rates, and special bonds, will be introduced one after another, and even more powerful new plans are being studied.
