After a series of panic falls, A-Shares ushered in a retaliatory rebound today (April 27). The Shanghai and Shenzhen stock markets opened low across the board. The stock index rebounded in the shock in the morning, and Contemporary Amperex Technology Co.Limited(300750) and other rights rose and fell significantly in the afternoon, driving the gem index to attack continuously, with a clear view of the strong pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 2.49% to 295828 points; The Shenzhen Composite Index rose 4.37% to 1065290; The gem index rose 5.52% to 226917.
From the disk, the general rising market reappeared, Mao stocks returned and track stocks broke out. In terms of industry, energy metals, photovoltaic, batteries, aerospace, semiconductors, wind power, cement and building materials, construction machinery, electronic components and other industries led the rise. In terms of theme stocks, blade batteries, lithium extraction from salt lakes, diamond cultivation, silicon carbide, civil explosion concept and other sectors LED the rise.
In terms of capital, the central bank announced on April 27 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on April 27, 2022, with a bid winning interest rate of 2.1%. As 10 billion yuan of reverse repo expired today, the people’s Bank of China realized zero delivery and zero return in the open market.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound funds
message surface
1. According to the National Bureau of statistics, from January to March, industrial enterprises above Designated Size achieved a total profit of 195557 billion yuan, an increase of 8.5% year-on-year. From January to March, among industrial enterprises above Designated Size, state-owned holding enterprises achieved a total profit of 706.85 billion yuan, a year-on-year increase of 19.5%; Joint stock enterprises realized a total profit of 143963 billion yuan, an increase of 14.4%; The total profits of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 470.75 billion yuan, down 7.6%; The total profit of private enterprises increased by 533.15 billion yuan.
2. According to the interface news, the China Foreign Exchange Trading Center issued a notice on the 27th that in order to implement the relevant requirements of Article 18 of the notice on doing a good job in epidemic prevention and control and financial services for economic and social development (Financial Article 23) issued by the people’s Bank of China and the State Administration of foreign exchange, further support the development of the real economy and reduce the cost of risk avoidance and hedging of enterprises, it has been filed with the State Administration of foreign exchange, The China foreign exchange trading center will further increase the preferential treatment of transaction fees in the inter-bank foreign exchange market related to foreign exchange derivatives transactions of small, medium-sized and micro enterprises, and adjust from half to full exemption.
3. According to the securities times, the Ministry of human resources and social security held a quarterly press conference on the 27th. Lu Aihong, spokesman of the Ministry of human resources and social security, said that the level of social security has been steadily improved and the security capacity has been continuously enhanced. As of the end of March, the accumulated balance of the three social insurance funds of basic pension, unemployment and industrial injury was 7.18 trillion yuan, and the operation of the fund is generally stable.
4. According to the interface news, the national development and Reform Commission and other three departments have issued a notice on the orderly expansion of the work plan for the construction of national regional medical centers. By the end of 2022, the national planning and layout will be basically completed, and the construction of national regional medical centers will strive to cover all provinces in the country. By the end of the “14th five year plan”, the construction of national regional medical centers will be basically completed. A number of high-level clinical diagnosis and treatment centers, high-level talent training bases and high-level scientific research innovation and transformation platforms will be built in areas with shortage of high-quality medical resources. A number of medical groups with obvious brand advantages and providing high-level services across regions will be cultivated, and a number of “Internet + medical health” collaboration platforms relying on high-level hospitals will be created, Form a number of professional alliances with national regional medical centers as the core.
institutional views
Previously, Guosheng securities mentioned that it patiently waited for the opportunity of market bottom rebound and actively paid attention to the market trend and the introduction and implementation of policies. Under the rapid rotation of the sector, the operation is very difficult. At this time, we should “use our brains and hands lazily” and wait for the market expectation to turn to the same again to regain investment confidence. Under the expectation of “steady growth” and counter cyclical regulation, various policies are being introduced continuously. As the vanguard of “steady growth”, the infrastructure sector is continuously favorable. We can focus on tapping the potential layout opportunities of the infrastructure sector. At the same time, due to the impact of the epidemic, the current consumer sector is strongly suppressed, and we can pay attention to the recovery opportunities of the consumer sector in the later stage.
Western Securities Co.Ltd(002673) pointed out that the market is in a deep value range, and style is more important than rebound. The valuation adjustment is close to the limit, and the more important thing in the future is the profit expectation. On the whole, the current market valuation adjustment is close to the historical limit level. From the price comparison relationship between stocks and bonds, the difference between the current implied yield of A-Shares and the yield of 10-year Treasury bonds has also reached a new high since the 2008 financial crisis, indicating that the investment value of equity assets is prominent. With the promotion of the epidemic policy and the landing of the Fed’s interest rate hike boots in May, the market is expected to usher in a rebound window in the future. In the medium term, investors need to pay attention to the change of market investment style from peg based industry rotation to pb-roe based value investment style under the revision cycle of profit expectation.
China International Capital Corporation Limited(601995) said that the current focus is on three directions: 1) in the “bottom grinding” stage of the market, the stable growth sector with relatively low valuation may still have relative benefits in the current macro environment, such as the industrial chain related to the stable demand of traditional infrastructure and real estate (real estate, building materials, construction, household appliances, home furnishings, etc.);
2) for the consumption in the middle and lower reaches with many adjustments in the early stage, low valuation and clear medium and long-term prospects, choose stocks from bottom to top, including household appliances, light industry and household appliances, automobiles and parts, agriculture, forestry, animal husbandry and fishery, medicine, etc;
3) risks in the manufacturing growth sector, including new energy vehicles, new energy and technology hardware semiconductors, have been released, but the turnaround lies in the marginal improvement of “stagflation” risk, global liquidity and market sentiment.
