Yesterday, the A-share market rebounded strongly, with a total of nearly 4000 stocks rising, which is one of the trading days with the largest number of recently rising stocks, of which more than 1200 stocks rose by more than 5%, and the number of trading stocks was as high as 144. The gem index has recorded the largest increase in the past six years.
Recently, a number of large companies that disclosed the first quarterly report of 2022 have achieved brilliant results, providing support for the market from the performance level. Some institutions and experts believe that despite the epidemic and other factors affecting the current market, all levels are significantly improving in the key window period.
gem refers to the largest increase in six years
Yesterday, the A-share market rose sharply, among which the gem index rose by 5.52%, the largest one-day increase in more than six years since March 17, 2016.
According to the classification of Shenwan level industries, all major industry sectors rose almost across the board, with power equipment, non-ferrous metals, national defense and military industry leading the rise, while real estate, textile and clothing and other sectors performed relatively weakly.
In the concept sector, the new energy track became active again, and the CSI mainland new energy theme index soared by 8.10%. As the leading stock of new energy track, Contemporary Amperex Technology Co.Limited(300750) soared by 7.97%, boosting the popularity of new energy track and gem.
As the market rose, the capital of northbound land stock connect also showed a net purchase, with a net purchase of 4.359 billion yuan throughout the day.
Before yesterday’s sharp rebound, the A-share market experienced a round of substantial adjustment. Yang Delong, chief economist of Qianhai Kaiyuan, believes that the recent market decline is related to the outbreak of epidemics in many places and the increasing weight of sealing and control measures, which have a great impact on consumption and economic activities. It is difficult to take measures to control the spread of the epidemic while taking into account economic growth, which also raises investors’ concerns that economic growth may decline further in the second quarter.
first quarter performance provides support for the market
Recently, the performance disclosure of listed companies is in full swing. The good performance of many large companies in the first quarter provides a solid foundation for the operation of the market and supports the basic market.
For example, the first quarterly report of 2022 released by petrochemical giant 60 Tibet Gaozheng Explosive Co.Ltd(002827) shows that according to Chinese accounting standards for business enterprises, the net profit attributable to shareholders of the company’s parent company in the first quarter was 22.605 billion yuan, an increase of 24.5% year-on-year. According to international financial reporting standards, the net profit attributable to shareholders of the company in the first quarter was 23.338 billion yuan, an increase of 24.3% year-on-year.
The first quarter report released by the leading coal company China Coal Energy Company Limited(601898) 27 showed that the operating revenue in the first quarter was 61.73 billion yuan, a year-on-year increase of 33.5%; The net profit attributable to the owner of the parent company was RMB 93 million, a year-on-year increase of 67.93%.
According to the first quarter report released by dairy giant Inner Mongolia Yili Industrial Group Co.Ltd(600887) 27, the company’s revenue in the first quarter of 2022 increased by 13.41% year-on-year, and the net profit attributable to the parent company increased by 24.32% year-on-year.
According to the strategic view of Debang securities, the release of the first quarterly report is coming to an end, the epidemic prevention and control in Shanghai is effective, the US bonds peaked and fell before the interest rate meeting of the Federal Reserve in May, the stable growth expectation before the Politburo meeting is still saturated, and all levels are improving in the key window period.
Yang Delong believes that the epidemic will always pass. Once the epidemic is effectively controlled and the epidemic control measures are adjusted, the factors that suppress the current market will be eliminated, and the A-share market will turn around and usher in the opportunity of sharp recovery.
