panel overview
On Monday, A-Shares opened low and went low in the morning. The three indexes fell more than 2% in the day, and the decline of stock indexes narrowed near the afternoon. On the disk, engineering consulting services rose against the market, and securities, engineering construction, cement building materials and banks were relatively resistant to decline; Coal, mining, nonferrous metals, small metals, power supply equipment, computer equipment, aerospace, precious metals, chemical raw materials, automobile services, shipbuilding, chemical fertilizer, education, games and other industries 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.
message surface
the four major departments of securities and finance spoke on the same day! 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-sized 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".
Securities Daily front page: positive changes are taking place in the market environment of 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
Pre market judgment: the market expects the Federal Reserve to raise interest rates by 50 basis points for four consecutive times and start to shrink its table in May, which restricts the global market. The dollar index broke through 101, and the RMB depreciated by more than 2% in a week, which became the core factor for the continued bottom of A-Shares last week. Not only are A-shares under pressure, but US stocks also made a sharp correction due to the strength of the US dollar. On Friday, the three major indexes of US stocks all fell by more than 2%, and the Dow hit the largest one-day decline since October 2020.
The three major A-share indexes collectively opened low, with the Shanghai index opening down 1.71%, the Shenzhen Composite Index opening down 1.91% and the gem index opening down 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. The brokerage sector rose for many times in the session, becoming the biggest contributor to the defense war of 3000 points of the Shanghai index.
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, China's epidemic and other factors, and the steady growth policy will provide support for A-shares after the continuous decline, whether the market can stop the decline still depends on the performance of track stocks such as wind power, photovoltaic, lithium battery and chip. The support of financial stocks has failed to stimulate the confidence to do more those with light positions can focus on three main lines of bargain hunting: 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.
