panel overview
On Wednesday, after the inertia of A-Shares opened low, they rebounded in shock, showing a pattern of large-scale rise. The Shanghai stock index rose by more than 2% and the gem rose by more than 5%. On the disk, energy metal, photovoltaic, battery, aerospace, semiconductor, wind power, cement and building materials, chemical fertilizer, nonferrous metals, construction machinery, electronic components, steel, shipbuilding and other industries led the rise, while textile and clothing, commercial department stores, real estate and other industries led the decline. In terms of theme stocks, blade batteries, hit batteries, salt lake lithium extraction, virtual power plants, power battery recycling, solid-state batteries, IGBT concepts, diamond cultivation, silicon carbide, civil explosion concepts and other sectors increased by more than 5%, and concepts such as tax rebate stores, rental and sale rights, community group purchase, new retail and so on bucked the market.
message surface
Central financial and Economic Commission: we should guide market expectations, clarify policy guidance and principles, and stabilize market confidence
Xi Jinping presided over the 11th meeting of the central financial and Economic Commission. The meeting stressed the need to coordinate the two major events of development and security, firmly establish the bottom line thinking, effectively strengthen the ability of major risk prediction and early warning, and have practical response plans and specific operable measures. All regions and departments should accurately understand the spirit of the decision-making and deployment of the central financial and Economic Commission, take the initiative to shoulder responsibilities and act actively, and jointly promote the implementation of the decision-making and deployment. We should strengthen evaluation and supervision, do a good job in comprehensive balance, and correct errors in time if there are problems. We should enhance the effectiveness of implementation and evaluate the effectiveness of implementation in all aspects with practical results. We should guide market expectations, clarify policy guidance and principles, and stabilize market confidence. We should strengthen supervision and inspection, carry out follow-up and ask for results, and constantly improve the effectiveness of implementation.
The CSRC issued a heavy release! Increase the proportion of medium and long-term funds and reverse the development model of over reliance on "star fund managers"
On April 26, the CSRC issued the opinions on accelerating the high-quality development of the public fund industry. The opinions supported fund management companies to achieve differentiated development on the basis of optimizing and strengthening the main business of public funds, actively promoted the establishment of fund management companies by high-quality financial institutions such as commercial banks, insurance institutions and securities companies, steadily promoted high-level opening-up, and actively encouraged the integrity and innovation of products and businesses, Increase the proportion of medium and long-term funds and strengthen the construction of industrial infrastructure.
China Securities News front page: long money sees opportunities and shows his attitude
Recently, the situation outside China has changed beyond expectations, and the financial market has encountered resonance adjustment. Under the complex situation, some people choose to avoid the limelight, while others consider timely layout. Institutional sources said that after entering the current point area, the A-share market risk has been fully released, the medium and long-term investment value has gradually emerged, and the long-term funds are expected to usher in the layout opportunity.
Jufeng viewpoint
Pre market judgment: U.S. stocks fell sharply overnight, and large technology stocks and popular Chinese stocks generally fell; The central financial and Economic Commission meeting stressed the need to guide market expectations and stabilize market confidence; Under the influence of multiple factors, it is expected that A-Shares will be inertia opened low, continue to release the adjustment pressure, and may stop falling and rise.
The three major A-share indexes collectively opened low, with the Shanghai index opening down 0.68%, the Shenzhen Composite Index opening down 1.13%, the gem index opening down 1.31%, and the textile, tourism and games leading the decline; The infrastructure sector opened higher.
After the opening, infrastructure stocks rose rapidly, cement, water conservancy, building materials, underground pipe network and other sectors rose, photovoltaic, silicone, tourism hotels, securities holdings and other sectors appeared at the top of the list, the three major indexes quickly turned red, and the Shanghai index crossed 2900 points. However, the intraday selling pressure was heavy, and the stock index fell again. Textile and clothing, community group purchase, St sector, trade, retail, benefit from RMB depreciation, dairy, secondary new shares, securities and other sectors fell sharply. At the intraday low, nearly 200 stocks fell by the limit, and nearly 4000 stocks fell.
Near midday, track stocks such as photovoltaic, semiconductor and lithium battery rebounded. In the afternoon, the track stocks continued to rise, the lithium battery sector set off a rising tide, Contemporary Amperex Technology Co.Limited(300750) soared by 7%, and the trading volume exceeded 10 billion, driving the growth enterprise market index to increase to 5%, the largest one-day increase since February 2019, and the market sentiment improved rapidly. Individual stocks rose nearly 4000, and the drop limit was reduced to less than 80.
From the disk of the last two days, some track stocks (semiconductors, consumer electronics, photovoltaic, lithium batteries, etc.) stabilized and rebounded after the release of the first quarter report, and the trend began to be stronger than the market. The market has fully foreseen the impact of performance before, and the rebound at the moment is more like whether it is extremely Tailai.
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. Recently, we have repeatedly stressed that 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 chips. The support of financial stocks has failed to stimulate the confidence to do more. From the disk on the 27th, the track stocks rebounded in an all-round way, and the market is expected to strengthen gradually. 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.
