panel overview
On Monday, A-Shares opened low and went low. The Shanghai index fell below the integer mark of 3000 points and the gem index fell below the mark of 2200 points. The three indexes all fell by more than 5% during the day. On the disk, all industries fell across the board, and industries such as mining, shipbuilding, power supply equipment, aerospace, small metals, non-ferrous metals, chemical raw materials, computer equipment, games, precious metals, energy metals, automobile services and education fell sharply. In terms of theme stocks, scarce resources, 3D glass, basic metals, Huawei shengteng, tax rebate store, stall economy, helium concept, machine vision, mobile game concept, blade battery, silicone and phosphorus chemical industry led the decline.
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The four major departments of securities and finance spoke on the same day! We will actively support the smooth operation of the capital market
On April 22, the people’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and the State Administration of Foreign Exchange respectively conveyed, studied and implemented the spirit of the special meeting of the financial commission of the State Council, and studied and deployed the next work. The content of the meeting mentioned key topics of market concern such as capital market, monetary policy and foreign exchange reform. Industry experts said that looking forward to the follow-up, China’s economy and finance maintain good toughness and vitality, and the long-term fundamentals will not change. The multi sectoral communication, study and implementation of the spirit of the special meeting of the financial commission of the State Council will effectively guide market expectations and boost market confidence.
“Beijing supports 18 small, medium and micro enterprises” benefiting enterprises by about 130 billion yuan
On April 22, Beijing released several measures on continuing to increase assistance to small, medium-sized and micro enterprises and accelerating the recovery and development of difficult enterprises. At the press conference on the afternoon of the 22nd, Dai Ying, deputy director of Beijing Municipal Development and Reform Commission, introduced that the “several measures” includes 18 measures in four aspects. It is preliminarily estimated that 18 measures will benefit more than 1.6 million small, medium-sized and micro enterprises, with a total capital scale of about 130 billion yuan. The main content is summarized as “three reductions, three compensations and two guarantees”.
Front page of Securities Daily: positive changes are taking place in the market environment for long-term funds
After a weekend of digestion and absorption, people from all walks of life have a deeper understanding of the implementation of the work deployment of the financial commission of the State Council. The author believes that from the recent actions of the regulators, the long-term capital market entry environment is undergoing positive changes, the market expectation will be significantly improved, and the market confidence will be boosted.
Jufeng viewpoint
Affected by multiple factors such as the sharp decline in the periphery and the epidemic situation in China, the three major A-share indexes opened lower on Monday, with the Shanghai index opening and falling 1.71%, the Shenzhen Composite Index opening and falling 1.91% and the gem index opening and falling 2.46%; All industries opened low, led by insurance, coal, tourism hotels, gold, wine making, lithium batteries, etc; At the opening, only 310 stocks rose and fell to 4118 New China Life Insurance Company Ltd(601336) opened down by 8%, China Merchants Bank Co.Ltd(600036) opened down by 4.99%, and Contemporary Amperex Technology Co.Limited(300750) opened down by 4.22%, which had a great impact on the market.
After the opening, the decline of coal, hotel catering, digital currency, mobile payment, education and other sectors deepened. The Shanghai index hit a new low and sought support from 3000 points. The decline of the gem index expanded to 3%, approaching the integer mark of 2200 points. Engineering construction, real estate, electric power, securities and other sectors were relatively strong, and the defense war of 3000 points of the Shanghai index was launched.
In the afternoon, after the stock index instantly fell below 3000 points at 13:20, there was a wave of bottom reading buying in the market, and the strength of protecting the market is still the securities sector. However, the pull-up of brokerage stocks did not get the response of other sectors. After a wave of pull-up of the Shanghai index, the shock fell back. After the Shanghai stock index fell below the 3000 point mark again, A-Shares accelerated their decline. There were more than 700 individual stocks with a drop of more than 4600; More than 2900 stocks fell by more than 7%. Mining, shipbuilding, nonferrous metals and other cyclical industries, as well as lithium batteries, photovoltaic, chips and other circuit sectors, all fell by more than 7%.
investment suggestions:
Jufeng investment adviser believes that the factors that suppress the sentiment of A-share investors are still geopolitics, the contraction of the US dollar, the Chinese epidemic and other factors. After the continuous decline, A-Shares have successively appeared at the bottom of valuation and policy, but the market bottom has not been proved. Whether the market can stop falling still depends on the performance of track stocks such as wind power, photovoltaic, lithium battery and chip; After the strength of financial stocks to protect the market disappears, the construction of the market bottom will accelerate. Bargain hunting with light positions can focus on three main lines: first, companies with year-on-year and month on month growth in the first quarter; Second, pork, aviation, airport, tourism and other sectors facing the inflection point of operation; Third, the theme of low-cost state-owned assets reform.
