panel overview
On Tuesday, A-Shares rose and fell, the whole line closed down, and the Shanghai index fell below 2900 points. On the disk, engineering construction, cement building materials, wine making, games, medicine and commercial department stores are relatively strong; Textile and garment, coal, securities, mining, insurance, chemical raw materials, computer equipment, shipbuilding, auto parts, non-ferrous metals and other industries led the decline. In terms of theme stocks, heparin concept, dexamethasone, tax rebate store, unified big market, REITs concept, underground pipe network, super brand and so on rose slightly; Transgenic, human brain engineering, brokerage concept, depreciation benefit, Import Expo, etc. led the decline.
message surface
State Council Office: encourage qualified areas to carry out new energy vehicles and green smart appliances to the countryside
The State Council Office issued opinions on further releasing consumption potential and promoting the sustainable recovery of consumption, encouraging and guiding large commercial circulation enterprises, e-commerce platforms and modern service enterprises to extend to rural areas, and promoting brand consumption and quality consumption into rural areas. Focus on automobiles and household appliances, guide enterprises to carry out sales promotion in rural areas, encourage qualified areas to carry out new energy vehicles and green smart appliances to the countryside, and promote the construction of charging piles (stations) and other supporting facilities.
National Development and Reform Commission: actively expand effective investment and promote steady and healthy economic development
Since the beginning of this year, the national development and Reform Commission has resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council, worked with relevant parties to do a solid job in stabilizing investment, actively expanded effective investment and promoted the steady growth of investment. From the situation in the first quarter, the national investment increased by 9.3%, 4.4 percentage points higher than that in 2021, achieved a good start, achieved positive results in stabilizing investment, and made important contributions to the stable start of the national economy.
The central bank plans to reduce the foreign exchange deposit reserve ratio of financial institutions to 8%
On April 25, the offshore RMB exchange rate against the US dollar fell below the 6.6 mark for the first time since November 2020, with a daily decline of more than 1%; The onshore RMB exchange rate fell as much as 900 points against the US dollar. However, the central bank also made a decisive move to stabilize the expectations of the foreign exchange market. The official website of the people’s Bank of China announced on the same day that the foreign exchange reserve ratio of financial institutions would be reduced by 1 percentage point from May 15, that is, the foreign exchange reserve ratio would be reduced from the current 9% to 8%.
Jufeng viewpoint
The three major A-share indexes collectively opened higher, but the range was lower than 0.3%. After the opening, the stock index fluctuated widely, the Shanghai index quickly fell below 2900 points, and the textile and clothing, coal, mining, post insurance, securities, nonferrous metals, agriculture, animal husbandry, feeding and fishing sectors fell sharply. Since then, photovoltaic, engineering construction, cement and building materials, real estate, wine making, medical beauty, commercial retail and other sectors rose strongly, driving the index to stop falling and pick up. The gem index rose by more than 2% during the session, recovering the 2200 point integer mark.
In the afternoon, the stock index fell back again, and in the afternoon, the share index fell back again again. The photovoltaic, wine, and real estate that were strong in the early morning, and the photovoltaic, wine, and real estate that were strong in the early morning. The decline in Securities and insurance deepened, and the decline in Securities and insurance deepened, Hongda Xingye Co.Ltd(002002) 926 \ \thedecline in Securities and insurance, and the decline in Securities and insurance deepened, and the decline in the , theindex turns green. The number of down limit stocks quickly expanded to more than 300, and more than 4000 stocks fell.
Previously, we repeatedly stressed that relying on financial stocks to lift the index, we can not afford to stimulate long confidence, but once financial stocks backhand short, the impact on market sentiment can not be underestimated.
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 falling still depends on when the track stocks such as wind power, photovoltaic, lithium battery and chip, which took the lead in adjusting, stop falling and rebound. 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, the varieties wrongly killed in the adjustment within the year; Third, the theme of low-cost state-owned assets reform.
