panel overview
On Thursday, the trend of A-Shares was divided, the Shanghai index fluctuated upward, the gem reversed the market, and the disk showed a general upward pattern. On the disk, chemical fertilizer, pharmaceutical commerce, aerospace, pesticides and veterinary drugs, medical devices, decoration and building materials, shipbuilding, agriculture, animal husbandry, feeding and fishing, chemical raw materials, textile and clothing, food and beverage, traditional Chinese medicine, automobile and other industries led the increase, while tourism, hotels, securities and other industries made a slight correction. In terms of subject matter stocks, covid-19 detection, glyphosate, covid-19 drugs, sugar substitute concept, transgenic, building energy conservation, vaccine cold chain, assisted reproduction, longevity drugs, industrial gas, etc. led the rise, while online tourism, brokerage concept, rental and sale rights, etc. led the decline.
message surface
Both ends of production and demand are obviously affected by the epidemic! Manufacturing PMI fell to 47.4% in April
According to the data released by the National Bureau of statistics on the 30th, in April, the output indexes of manufacturing PMI, non manufacturing PMI and comprehensive PMI were 47.4%, 41.9% and 42.7% respectively, 2.1, 6.5 and 6.1 percentage points lower than last month, and the boom level fell. Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, explained that the production and operation activities of enterprises slowed down and the boom level continued to fall.
Heavy! The central high-level has focused on economic development for three times in four days, and the capital market has released major signals!
In the past four days, the central government has held three meetings, emphasizing the maintenance of stable economic operation and the standardization and guidance of the healthy development of capital. Many experts believe that stabilizing the economy, seeking development and raising confidence are the key directions of the three recent high-level meetings. By clarifying the direction of macro policy regulation and the development direction of the capital market, they have determined the way forward in the future and injected a booster into the real economy and the capital market.
The central bank increased the special refinancing line of 100 billion yuan to support the development and use of coal and enhance the capacity of coal reserves
With the approval of the State Council, the people’s Bank of China has increased the amount of special refinancing to support the clean and efficient utilization of coal by 100 billion yuan, which is specially used to support the development and use of coal and enhance the capacity of coal reserves. The new quota support areas include coal safety production and reserves, as well as coal power supply guarantee of coal power enterprises. After the increase of 100 billion yuan, the total amount of special refinancing to support the clean and efficient utilization of coal will reach 300 billion yuan, which will help further release the advanced coal production capacity, ensure the safe and stable supply of energy, and support the economic operation in a reasonable range.
Jufeng viewpoint
Pre market judgment: the long and short news is intertwined. It is expected that the A shares will open slightly lower. After stepping back to confirm the pre Festival rise, it will regain the upward trend. Red may is still worth looking forward to.
The three major A-share indexes collectively opened low, with the Shanghai index opening and falling by 0.07%, the Shenzhen Composite Index opening and falling by 0.84% and the gem index opening and falling by 2.38%; The performance of Contemporary Amperex Technology Co.Limited(300750) first quarter report, the largest power in the gem, did not meet expectations, opening 10.83% lower, which was the main factor for the sharp low opening of Shenzhen stock market. Internet e-commerce and coal prices have increased significantly.
After the opening, the Shanghai stock index quickly turned red, and the sectors of agriculture, household appliances, electric power, military industry, medicine and medical devices rose sharply one after another; Tourism, hotels, securities and other sectors led the decline, while the coal sector opened higher and went lower Yihai Kerry Arawana Holdings Co.Ltd(300999) , Contemporary Amperex Technology Co.Limited(300750) fell sharply during the session, dragging down the performance of the gem index. After 10 o’clock, Contemporary Amperex Technology Co.Limited(300750) decline narrowed, Gree Electric Appliances Inc.Of Zhuhai(000651) rose sharply, Shenzhen Composite Index turned red, and the decline of gem index narrowed to less than 1%. Near the morning closing, the stock index rose by more than 1%, and the gem is approaching to turn red.
In the afternoon, the rise of the stock index narrowed, and the decline of the gem expanded again to 1%. The strong sectors such as semiconductors, electric power and auto parts fell in early trading, while the sectors such as chemical fertilizer, real estate, automobile, infrastructure and the benefit of RMB devaluation strengthened. From the time-sharing chart, the trend of small cap stocks was much better than that of heavyweights. More than 3500 stocks rose in the two cities, and more than 160 stocks rose by the daily limit. Track stocks such as photovoltaic, wind power, semiconductor and military industry rebounded continuously, which offset the impact of Contemporary Amperex Technology Co.Limited(300750) sharp decline on the index to a certain extent, and the trend of gem index was not damaged. On the same day, the trading volume of Contemporary Amperex Technology Co.Limited(300750) exceeded 20 billion, indicating that the undertaking strength is good. In the future, when Contemporary Amperex Technology Co.Limited(300750) stops falling, the gem index is expected to rise.
investment suggestions:
Jufeng investment adviser believes that the factors that suppress the sentiment of A-share investors are still geopolitics, the contraction of the US dollar, the Chinese epidemic and other factors. With the introduction of the steady growth policy, the Federal Reserve raised interest rates by 50 basis points in May and the contraction of the table in June, the short-term market will be in a state of bad. Before May Day, track stocks such as military industry, wind power, photovoltaic, lithium battery and chip stopped falling and rebounded, which was conducive to the improvement of market sentiment. On April 29, the Politburo meeting issued the strongest voice of stabilizing expectations and stabilizing the market, and A-Shares are expected to launch a round of rebound. At present, the market is in the bottom area, and the trend is normal. Investors need more patience and confidence. It is suggested to focus on three main lines of bargain hunting: first, companies with year-on-year and month on month growth in the first quarter; Second, the varieties wrongly killed in the adjustment within the year; Third, the theme of low-cost state-owned assets reform.
