Following the sharp rise of A-Shares yesterday, the rebound of Shanghai and Shenzhen stock markets today (April 28) was not achieved overnight. The pattern of Shanghai strong and Shenzhen weak was obvious. The gem index dived below yesterday’s closing point all day, while the Shanghai index fluctuated relatively strongly at the beginning of the day. After the stock index surged up and fell down rapidly, it turned green and down again at the end of the day. The Shanghai index continued yesterday’s rebound trend as a whole.
As of the day’s closing of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.58% to 297548 points; The Shenzhen composite index fell 0.23% to 1062892 points; The gem index fell 1.83% to 222765.
From the disk point of view, the light index focuses on individual stocks, the industry and concept sectors fell more and rose less, and the local profit-making effect is poor. In terms of industries, coal, energy metals, aerospace, photovoltaic, real estate, banking, engineering construction and other industries led the increase; In terms of subject matter stocks, Alzheimer’s and rental and sale rights led the rise.
In terms of capital, according to the website of the people’s Bank of China, 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 28, 2022.
hot sector p align = “center” Top 10 of industry sector increase p align = “center” Top 10 of industry sector decrease p align = “center” Top 10 of concept sector increase p align = “center” Top 10 of concept sector decrease
individual stock monitoring p align = “center” Top 10 net inflow of main force p align = “center” Top 10 net outflow of main force
North Fund
southbound funds
In May, Hong Kong stocks will usher in the May Day holiday and Buddha’s birthday. Among them, Hong Kong stocks will be closed for labor day on May 2 and Buddha’s birthday on May 9.
Southbound Hong Kong stock connect will suspend trading from April 28 (Thursday) to May 4 (Wednesday); The North Shanghai Stock connect and Shenzhen Stock connect suspended trading from Monday, May 2 to Wednesday, May 4. On Thursday, May 5, the Shanghai Shenzhen Hong Kong stock connect will be opened as usual.
From May 6, the North Shanghai Stock connect and Shenzhen Stock connect suspended trading, resumed trading on May 10, closed the South Hong Kong stock connect on May 9 and resumed trading on May 10.
message surface
1. According to China Clearing, in order to thoroughly implement the spirit of the special meeting of the financial committee of the State Council, promote the smooth and healthy operation of the capital market, further stimulate market vitality by reducing investor costs and increase support for the real economy, China Securities Depository and Clearing Co., Ltd. has decided to reduce the transfer fee of stock transactions by 50% as of April 29, 2022, That is to say, the transfer fee for stock trading will be charged from 0.02 ‰ of the transaction amount for A-Shares in Shanghai and Shenzhen market and 0.025 ‰ of the transaction amount for A-Shares in Beijing market and shares of listed companies, and will be reduced to 0.01 ‰ of the transaction amount.
2. According to the national development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (April 28). The details of this oil price adjustment are as follows: China’s gasoline and diesel prices increased by 205 yuan and 200 yuan per ton respectively.
3. According to the website of the Ministry of finance, in order to strengthen the guarantee of energy supply and promote high-quality development, the Tariff Commission of the State Council has decided to implement a provisional import tax rate of zero for coal from May 1, 2022 to March 31, 2023.
4. According to the news on the central bank’s website, in order to implement the decision-making and deployment of the Party Central Committee and the State Council, according to the requirements of the executive meeting of the State Council, the people’s Bank of China has established a re loan for scientific and technological innovation, guided financial institutions to increase their support for scientific and technological innovation, and leveraged social funds to promote scientific and technological innovation. The amount of scientific and technological innovation re loan is 200 billion yuan, the interest rate is 1.75%, the term is one year, and can be extended twice. The distribution objects include 21 financial institutions such as China Development Bank, policy banks, state-owned commercial banks, postal savings bank of China and joint-stock commercial banks, and provide financial support according to 60% of the loan principal of qualified scientific and technological enterprises issued by financial institutions.
institutional views
For the current market, Xiangcai Securities said that the capital game is still going on, and investors need more patience at this time. As long as your stock is not a variety that has been seriously fried in the past, you don’t have to worry too much. At present, the market has entered a sensitive period. Both the point and time belong to a relatively sensitive cycle. After the short-term index continues to fluctuate, the post holiday market is expected to gradually usher in the band rebound market. Due to the inherent high elasticity of the gem, it is more likely to become the main force of the rebound in the future, which remains to be seen.
China Galaxy Securities Co.Ltd(601881) Securities believes that although the external risk disturbance is still there, the focus should return to China’s steady growth. Although the epidemic has disturbed China’s economic development, the tone of China’s steady growth will continue to work on the policy side, and investors’ concerns will return to China’s fundamentals. The dawn has come. We need to wait patiently for the policy to work, and investors’ expectations and confidence are restored. The proposed allocation strategy is to find high-quality targets with both attack and defense under the two main lines of steady growth and high prosperity.
In addition, Yang Delong, chief economist of Qianhai open source fund, mentioned that there have been frequent positive policies recently, from promoting consumption, infrastructure and reducing reserve requirements to reducing the transfer fee of stock trading, which releases the management’s caring attitude towards the capital market, which is conducive to the recovery of market confidence and promoting the rebound of the market. It is very important to maintain a good attitude at the bottom of the market, adhere to value investment and grasp the most beneficial direction of economic transformation. Through the stock market downturn, everything will be all right. Cherish the opportunity to build good stocks and funds under 3000. In the long run, value investment will only lose time, not money.
Ping An Securities also pointed out that recently, the capital market has ushered in marginal benefits under the resonance of many risks in the past. First, the epidemic uncertainty in economic growth has slowed down relatively, and second, the steady growth of policies has been overweight and landing one after another. The layout of short-term oversold rebound suggests paying attention to the industries with large previous decline, acceptable fundamentals and policy support, mainly focusing on the manufacturing industry chain, namely power equipment, national defense and military industry, electronics, non-ferrous metals, computers and mechanical equipment.
In addition, in terms of industry configuration, Huaan Securities Co.Ltd(600909) suggests focusing on three main lines. Main line 1: steady growth chain. Before the reduction of economic growth target is clearly given at the policy level, there are still configuration opportunities for the steady growth chain. We can pay attention to building materials, building decoration, steel, cement, real estate chain (after the current round of real estate adjustment, the leaders of state-owned enterprises and central enterprises still have the opportunity to improve their concentration) and banks.
Main line 2: if the U.S. bond yield periodically peaks and then falls, the growth sector will usher in the opportunity of oversold rebound. Pay attention to power equipment, electronics, military industry and other industries.
Main line 3: consumer goods must be selected. The transmission of PPI to CPI is accelerated. Under the situation of epidemic prevention and control, the reserve of consumer goods must be selected is increased. Attention is paid to food processing, meat products, dairy products, condiments, grain, oil, rice noodles, small household appliances and other subdivided fields.
