Differentiation! On Thursday (April 28), the three major A-share indexes rose or fell, with the Shanghai index rising for two consecutive days and the gem index falling by nearly 2%. The total turnover of the two cities was 840.6 billion yuan, and the net sale of northbound funds was 637 million yuan. In terms of hot spots, coal stocks and real estate stocks have strengthened together and attracted much attention. Approaching the May Day holiday, can the rebound continue and how will the future run?
In terms of individual stocks, on Thursday, the A-share market rose less and fell more. A total of 1212 stocks rose and 3402 stocks fell. Among them, 94 stocks closed at the daily limit and 93 stocks fell by the limit.
On Thursday (April 28), 94 stocks with daily trading limit: p align = "center" tabulation: Zhang Ying
For the future market of a shares, institutions generally said that the dawn has come and we need to wait patiently.
Galaxy Securities said that the risk of rising commodity prices caused by continued geographical conflicts could not be ignored. Meanwhile, at the beginning of May, the second interest rate hike and table reduction plan of the Federal Reserve were probably implemented, and the negative sentiment of investors has been basically reflected in the recent sharp decline of a shares. 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 restoration of investor expectations and confidence. 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.
Ping An Securities said that the layout of the short-term oversold rebound suggested paying attention to the industries with large 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.
At the same time, public funds, private placement and other institutions have also expressed optimistic views on the future market.
Liu Cunxin, assistant manager of Rongzhi investment fund, believes that the current market trading volume is insufficient, the overall market is still weak, large funds are mainly risk averse, and will soon enter the May Day holiday cycle. The market will worry about peripheral risks, so there is no possibility of reversal. In the next period of time, the market rate will probably fluctuate and grind the bottom repeatedly. After the epidemic has been fully and effectively controlled, the economy has begun to improve, the boots of the Fed's accelerated interest rate hike have landed, and the international situation is clear, A-Shares are expected to rebound.
Lei, chief research official of Xingshi investment, said that the overall market valuation is reasonably low and has high investment value in the medium and long term. All kinds of high-quality growth companies with sufficient adjustment have opportunities. At present, the investment cost performance of consumer assets may be more prominent. Looking back, epidemic prevention and control and "stable growth" are still the key. In an environment with relatively sufficient policy space, economic stabilization is a matter of high probability. When the local epidemic gradually subsides and high-frequency data begin to confirm the effect of resumption of work, market confidence will gradually recover, and the rebound will continue to boost investor confidence and form positive feedback.
Shen Shengcai, a researcher at ningshui capital, believes that the market is already in a very low position. From the perspective of valuation, the current dividend yield of CSI 300, 10-year Treasury bonds and the risk premium of all A-Shares (the difference between PE reciprocal and 10-year Treasury bonds) have reached the extreme value of double the standard deviation, indicating that the price performance of the current stock market has been very high.
In terms of hot spots, on Thursday (April 28), the coal mining and processing sector led the rise, China Coal Energy Company Limited(601898) limit; The property management sector showed a strong performance, with six stocks including Langold Real Estate Co.Ltd(002305) , Chongqingyukaifaco.Ltd(000514) and Chongqingyukaifaco.Ltd(000514) trading daily; Real estate services, securities holdings, REITs concept and other sectors were active; Education sector led the decline, with genetically modified, smart government, transfer and filling rights, virtual digital people, dairy and other sectors leading the decline. Today, Hechuan technology landed on the science and innovation board, down 16.74%; Wangbian electric landed on the main board of Shanghai Stock Exchange, up 44.01%.
Hot spot 1: coal and oil sector soared by nearly 3% China Coal Energy Company Limited(601898) limit
On Thursday (April 28), the coal and oil sector led the rise by 2.86%, of which China Coal Energy Company Limited(601898) closed at the limit, and two concept stocks, including Shaanxi Coal Industry Company Limited(601225) , Shanxi Coking Coal Energy Group Co.Ltd(000983) and Shanxi Coking Coal Energy Group Co.Ltd(000983) all rose by more than 8%.
According to the news, the "14th five year plan for modern energy system" recently issued by the national development and Reform Commission and the national energy administration clearly stipulates to strengthen the guarantee of coal safety. Optimize the layout of coal production capacity, build five coal supply guarantee bases in Shanxi, Western Mongolia, eastern Mongolia, Northern Shaanxi and Xinjiang, improve the cross regional transportation channel and collection and distribution system of coal, and enhance the cross regional supply guarantee capacity of coal.
Guotai Junan Securities Co.Ltd(601211) Securities said that with the increase of economic pressure, it is expected that the counter cyclical adjustment policy will be further strengthened. In May, the country may usher in a large-scale resumption of work and production, which will drive the significant increase of industrial power consumption and the rapid increase of steel production. After June, the residential power market will gradually enter the peak season, further driving the demand for coal.
Hot spot 2: the real estate sector rose nearly 2% and 11 shares rose by the limit
On Thursday, the real estate sector is a rising force in the real estate sector on Thursday. As of the closing, the sector is up 1.74% with 1.74% of which, including Jiangsu Zhongnan Construction Group Co.Ltd(000961) asthe real estate sector on Thursday. The real estate sector is a rising force in the real estate sector. On Thursday, on Thursday, the real estate sector sector on Thursday, and the end of the closing. The sector is up at 1.74% of the closing. Among which, the Yunnan Tin Co.Ltd(000960) 00961 Jiangsu Zhongnan Construction Group Co.Ltd(000961) 11real estate stocks, including Shenzhen Special Economic Zone Real Estate&Properties (Group).Co.Ltd(000029) , Shahe Industrial Co.Ltd(000014) , Shandong Xinneng Taishan Power Generation Co.Ltd(000720) , rose the limit.
Citic Securities Company Limited(600030) believes that the key variable affecting the relative income of the real estate industry is the policy trend. In April, affected by the epidemic, sales fell more year-on-year, with stronger macroeconomic uncertainty. It is expected that a stronger urban implementation strategy is brewing. With the change of industry competition pattern, enterprises with both credit and efficiency have investment value. Recommend Poly Developments And Holdings Group Co.Ltd(600048) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Gemdale Corporation(600383) , Vanke enterprise, Hangzhou Binjiang Real Estate Group Co.Ltd(002244) , Midea real estate, Greentown China, China Resources Land and Longhu group.
