On April 27, the stock indexes of the two cities rose sharply in the afternoon. As of press time, the Shanghai index rose more than 2% and stood at 2900 points, the Shenzhen Component Index rose nearly 4%, and the gem index rose nearly 5% and stood at 2200 points. According to wind data, northbound funds bought nearly 5 billion yuan.
On the disk, the military industry, nonferrous metals, engineering machinery, chemical industry, building materials, electric power, steel, coal, petroleum and other sectors all strengthened, and the concepts of lithium ore, lithium battery, energy storage and photovoltaic broke out.
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.
