The three major A-share indexes collectively closed up today, of which the Shanghai index rose 0.84% to close at 3597.43 points; The Shenzhen Component Index rose 1.39% to close at 14421.20; The gem index rose 2.64% to close at 3136.69. The market turnover reached 1.06 trillion yuan, most industry sectors closed up, new energy tracks collectively strengthened, and prefabricated vegetable concept stocks set off a wave of trading limits. Northbound funds bought a net 7.018 billion yuan today.
Today’s news:
1. “Great benefits”! A heavy signal from the new energy track! There is no upper limit on the scale of subsidies, and at least 10 billion stimulus will be increased
2. Bureau of Statistics: in 2021, CPI increased by 0.9% year-on-year, and in December, CPI increased by 1.5% year-on-year
3. The net profit of the bank in 2021 is now increasing by 30%! Rare in recent years! What’s the reason? Can 2022 last?
4. “When necessary, the Fed will raise interest rates more times.” Powell’s speech is not “hawkish”?
5. The covid-19 self-test plan of the United States is gradually opening up the market space of US $10 billion, and three Chinese enterprises are expected to seize the first opportunity
6. Cui Chenlong, the track stock of the raised fund against the trend: the callback of the new energy track is a normal fluctuation
7. The popularity of new energy vehicles has given birth to the “one price a day” of battery recycling in the 100 billion market
For the future market trend, institutions have expressed their views.
Everbright Securities Company Limited(601788) believes that at present, we can not arbitrarily copy the bottom, but we can “focus on individual stocks and ignore the index”. We can look for phased trading opportunities for the current popular concepts such as medicine, infant and child, phosphorus chemical industry and so on. Overall, the index risk has been further released. Under the background that the transaction volume remains above trillion, the rebound market may be on the way. Operation should avoid the large increase in the early stage, but there is no performance support for individual stocks. At present, the market is in the performance disclosure period, so we can find targets with low position and high performance certainty for tracking.
Shanxi Securities Co.Ltd(002500) mentioned that the “high-low switching” of the market will continue, and the consumer sector will benefit from the support of the price rise logic or have a stronger momentum for valuation repair. It is suggested to pay attention to the undervalued sub sectors such as traditional Chinese medicine and high-value consumables boosted by the favorable policies. At the same time, the valuation repair of real estate, building materials and other sectors is still mainly affected by the expectation of “stable growth”, The expected adjustment impact risk is still, and it does not have the internal driving force to form a trend upward momentum. It is recommended to deal with it carefully.
Central China Securities Co.Ltd(601375) said that the current leading hot spots continue to rotate rapidly, the market profit-making effect is weak, and investors have a heavy wait-and-see mentality. It is suggested that investors should maintain a cautious and optimistic attitude, control their positions and allocate them in a balanced manner. It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the GEM may be more likely. Investors are advised to focus on investment opportunities in engineering construction, cement and building materials, medicine, chemical fertilizer and non-ferrous metals in the short term, and continue to focus on investment opportunities in undervalued blue chips in the middle line.
Guosheng Securities pointed out that since the beginning of the year, overseas U.S. stocks and A-Shares have made some adjustments, the market sentiment is low, and the structural main line has also changed from high growth to undervalued value. With the introduction and effectiveness of more stable growth policies, investors\’ risk appetite may gradually rise. Considering the pre Festival effects, it may become an important phased low point in the market around the Spring Festival, In terms of investment, it is recommended to maintain the balanced allocation of growth and value. In terms of operation, before the effective upward breakthrough in the market, we should still control the overall position and be suitable for low absorption. “Stable growth” will become the main logic driving the market operation. We should pay attention to traditional infrastructure such as building materials, as well as new infrastructure such as wind power and photovoltaic. It is suggested to properly layout food and beverage, medicine, household appliances, automobiles and other consumer sectors in combination with performance and cost performance.
According to the analysis of Minsheng securities, behind the market adjustment is the plate with high growth rate and independent of the assumption of economic aggregate recovery. Under the lack of valuation protection, the expected yield of “good can be better” may not be rich. Institutions do not always choose to pursue assets with high growth rate. In the environment where the prosperity begins to spread, high growth rate is not the first demand of institutional investors, and more cost-effective assets are the allocation direction. Recently, the value style of China and the United States stock markets has begun to significantly outperform the growth style. In the funds going north, even the allocated funds have reversed. We think this change will continue in the future. The probability of stabilization and recovery of future demand is increasing. In the long-term dimension, the value outperforms the growth with directional certainty. However, it is still in the “expected deduction” stage, and it will take time for the cohesion of new market consensus. Growth investors can wait for a good switching opportunity, and value investors should also grasp the most certain path in demand recovery.
future analysis
Hexin investment adviser: the index rebounded strongly, blowing the red envelope market of spring ploughing
Qian Kun Investment: rebound in an all-round way and get ready to break through the positive line again at any time
Jufeng investment adviser: whether the adjustment of gem under Changyang is over?
