Text:
I. Market Review
A50 fell in late trading yesterday, bringing down securities companies, and the performance of the main board was worse than that of the gem; But on the whole, yesterday, the bank, Baijiu and Nanjing took turns to make efforts, and the market still showed long resistance.
Second, the current improvement phenomenon: first, the multi-party attack of the market is no longer a loose sand, but focuses on the direction of steady economic growth (consumption + infrastructure); Second, the recent contraction of active stocks and even the word limit buried a number of active funds, but yesterday they went in and out calmly, releasing liquidity; Don’t be too pessimistic in the short term.
III. today’s information
1) [infrastructure construction]: on April 26, the high-level asked to comprehensively strengthen infrastructure construction, speed up the construction of new infrastructure and improve the level of traditional infrastructure. (short term benefits from water conservancy, engineering and construction)
2) [express] after hours on April 26, the media reported that Shanghai Express was officially restarted, and Sto Express Co.Ltd(002468) issued the first train with the first batch of unified passes in Shanghai. (benefits from express delivery and logistics)
3) [fund repurchase] on April 26, ningquan assets joined the self purchase army, with a self purchase scale of 110 million; The self purchase of the industry reached 2.7 billion during the year.
Investment strategy: the main line of steady growth will continue through 2022, and actively focus on the theme of consumption recovery + infrastructure + export; On April 26, consumption + infrastructure resonated with the index, actively focusing on the segmentation opportunities of consumption (tax exemption, new retail, etc.) and infrastructure (water conservancy projects, etc.); In addition, the devaluation of the RMB continued to boost the export speculation and continued to track.
