On April 27, the Shanghai index bottomed out in the morning and rose strongly in the afternoon. It rose by more than 2% and stood at 2900 points. Both the Shenzhen Composite Index and the gem index rose. The Shenzhen Composite Index rose by more than 4% and the gem index rose by more than 5% and stood at 2200 points; The turnover of the two cities has been enlarged, with a full day turnover of more than 900 billion yuan; The net purchase of northbound funds exceeded 4 billion yuan.
As of the close, the Shanghai index rose 2.49% to 295828 points, the Shenzhen Composite Index rose 4.37% to 106529 points, and the gem index rose 5.52% to 226971 points; The total turnover of the two cities was 917.7 billion yuan, and the net purchase of funds from the North was 4.359 billion yuan.
On the disk, lithium ore, lithium battery, energy storage, photovoltaic, rare earth, UHV and other new energy sectors rose sharply; Military industry, semiconductor, chemical industry, electric power, building materials, coal, steel, petroleum, construction, medicine and other sectors all strengthened, the textile and clothing sector continued to callback, and the trend of real estate and banking sector was relatively weak.
For the recent market trend, Guosheng Securities said that with the rapid decline in the early stage, the market pessimism has been greatly released. The rise and fall of the index on Tuesday also reflected the differences in funds. The trading volume of the market has shrunk significantly, the second bottom sounding action of the index may be coming to an end, and the bottom area has been more obvious. In terms of operation, there is no need to be pessimistic about the current position, control the overall position and treat the current bottom decline rationally. Patiently wait for the opportunity of the market bottom rebound, and actively pay 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.
Citic Securities Company Limited(600030) pointed out that judging from the structural characteristics of transaction congestion, the recent capital outflow mainly comes from hot money and retail investors. Judging from the valuation, redemption and position, the position adjustment and reduction of institutional funds are in the end, and the market sentiment has dropped to the low point since 2018. The dynamic P / E ratio of the main indexes has also fallen below the 25% quantile since 2010, of which the main blue chip index is below the 10% quantile since 2018. The long-term fundamentals of China’s economy will not change. The medium and long-term allocation cost performance of the current index is prominent. It is expected that the steady growth target for the whole year will remain unchanged. With the weakening of the impact of the epidemic, the disclosure of quarterly reports, the three factors of interest rate increase of the US dollar as scheduled, and the three main lines of infrastructure, real estate and consumption are expected to usher in a synchronous recovery in May. The medium-term repair market is gradually approaching. It is suggested to continue to stick to the main line of steady growth and firmly layout the varieties with low valuation and expected low.
