Today (April 29) is the last trading day of April, and A-Shares once again ushered in a strong rebound pattern. Shanghai and Shenzhen stock markets opened slightly higher. In the morning, the stock index began to shake and consolidate. Near noon, the stock index suddenly made an upward attack; In the afternoon, the index further rose in a straight line, and the Shanghai index not only successfully recovered 3000 points, but also continued to rise after standing firmly, and then maintained a high shock trend.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 2.41% to 304706 points; The Shenzhen Composite Index rose 3.69% to 1102144 points; The gem index rose 4.11% to 231914.
From the disk point of view, the general rising market reappeared, the industry and the concept sector went long hand in hand, and the local profit-making effect soared. In terms of industries, electronic chemicals, education, mining, software development, cultural media, commercial department stores, auto parts, decoration and building materials, consumer electronics, games, precious metals and other industries increased significantly. In terms of theme stocks, virtual digital human, hair medicine, hepatitis concept, data security, NFT concept, new retail, cloud games and other sectors performed prominently.
In terms of capital, the people’s Bank of China announced on April 29 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China carried out RMB 10 billion reverse repurchase operation by means of interest rate bidding on April 29, 2022, and the bid winning interest rate was 2.1%. As 10 billion yuan of reverse repo expired today, the people’s Bank of China realized zero delivery and zero return in the open market.
hot sector
Top 10 gainers in industry sector
Top 10 gainers in concept sector
individual shares monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
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 the website of the CSRC, in order to meet the requirements of registration system reform and normalized delisting and further improve the post delisting supervision of listed companies, the CSRC issued the guiding opinions on improving the post delisting supervision of listed companies, which will be implemented from the date of promulgation.
2. According to the central bank’s website, according to the requirements of the executive meeting of the State Council, the people’s Bank of China and the development and Reform Commission decided to carry out the pilot work of special refinancing for inclusive elderly care, guide financial institutions to provide preferential loans to inclusive elderly care institutions, and reduce the financing cost of elderly care institutions. The pilot amount of Pratt & Whitney pension special refinancing is 40 billion yuan, the interest rate is 1.75%, the term is one year, which can be extended twice, and financial support is provided in the same amount as the loan principal issued by financial institutions. The pilot financial institutions are 7 national large banks, including China Development Bank, export import bank, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) . The pilot areas are five provinces including Zhejiang, Jiangsu, Henan, Hebei and Jiangxi.
3. According to China Securities News, on April 29, the National Energy Administration held an online press conference for the second quarter. Liu Tao, deputy director of the coal department of the national energy administration, said that in the next step, we will continue to increase the competitive transfer of coalbed methane exploration blocks, encourage social capital to enter the coalbed methane field, and accelerate the comprehensive exploration and development of multi gas in coal measure strata through comprehensive exploration, joint venture and cooperation; Promote the ground pre extraction of coalbed methane in coal mining areas and the joint extraction of “Three Zone linkage” wells, improve the gas transmission and utilization facilities in the mining area, expand the ways of gas utilization, and build a higher level of large-scale mining area for gas extraction.
4. According to the website of the CSRC, in order to establish and improve the network security supervision system of the securities and futures industry, prevent and resolve the hidden dangers of the industry’s network security, and maintain the safe, stable and efficient operation of the capital market, the CSRC has drafted the measures for the management of network security of the securities and futures industry (Draft for comments), which is now open to the public for comments.
institutional views
For the current market, Rongwei Securities said that the decline of individual stocks came to an end temporarily, and the Shanghai index returned to above 3000 points. The market rebound route follows the main line of performance exceeding expectations and consumption after the recovery of the epidemic. Infrastructure investment, foreign trade and other sectors also rise alternately. Steady growth is the main line of the market this year. The three directions of consumption, investment and export trade can be arranged on bargain hunting, and the position should be controlled below 5 floors as far as possible. The market will also gradually strengthen. After the May Day holiday, the haze of the epidemic will gradually dissipate. Holding shares for the holiday may be a better choice.
Ping An Securities pointed out that it is expected to focus on consolidation in May. The short-term market has ushered in an oversold rebound, which is mainly catalyzed by the marginal improvement of the recent epidemic situation and the implementation of supporting policies; However, considering that domestic demand is still weak, the economic bottom probability is confirmed in the second quarter, and more substantive policies need to be implemented, the A-share market is expected to be mainly consolidation in May.
Bohai Securities believes that after the extreme venting of market panic, the repair of market sentiment will gradually start. Whether we can realize the catalysis from rebound to reversal in the future depends on whether the economic expectation can be really boosted and whether the performance of listed companies can bring more solid support to the market. In terms of industry configuration, considering that the market is fully expected to raise interest rates by the Federal Reserve at this stage, the market pessimism is expected to be repaired to a certain extent after the Federal Reserve’s interest rate hike boots are landed in early May, and the partial relief of the pressure on the valuation side of the growth sector is expected to bring some rebound opportunities, which can be paid attention to after the festival.
Caitong Securities Co.Ltd(601108) mentioned that looking forward to the next 1-2 quarters, the market will become better and better, cherish the “cheap time” in the current bottom area, and A-Shares are expected to meet the counter offensive moment of “Normandy landing” and “infinite scenery in dangerous peaks”. Gradually welcome the “big consumption” buying point. At present, it has entered the comfort zone of cost performance, odds and winning rate. Three levels of large-scale consumption can be concerned: ① post real estate cycle (home furnishings, household appliances and consumer building materials), ② service consumption (social services, airports, consumer medical care and media advertising), and ③ traditional consumer goods (mass consumer goods, Baijiu, pigs, etc.). For “big finance” (banks and real estate): the short-term rise is too fast and too urgent, the stock game, the impact of events and twists and turns. However, the steady growth policy will be strengthened, and the “big finance” market is still expected to take advantage of the high-quality target of adjusting the layout fundamentals.
