Trend review:
Led by the Shenzhen composite index, which closed at a low of 19.96%, the Shenzhen composite index closed at a low of 112050%, while the Shenzhen composite index closed at a high of 19.06%. In terms of industries, the rise and fall of all industries were small, led by power equipment and new energy (+ 3.07%), construction (+ 2.12%) and real estate (+ 2.11%), while home appliances (- 0.89%), agriculture, forestry, animal husbandry and fishery (- 0.88%) and food and beverage (- 0.83%). The turnover of the two cities was 806838 billion yuan, with 2761 rising stocks and 1807 falling stocks. A shares once again showed resilience and independence in the case of sharp decline in the periphery.
Market focus:
The theme sectors are active in turns, and the hot spots rotate rapidly. Today, the photovoltaic sector is stimulated by the EU's plan to double photovoltaic power generation by 2025. The trading limit of the whole market was maintained at about 100 stocks, and the number of companies connected to the board increased to 24. As of the closing, the trading limit was mainly concentrated in the new energy and real estate chain, and there were sporadic performances in large science and technology, large consumption and state-owned enterprise reform. Combined with the current themes and hot spots, the performance of sectors and individual stocks boosted by some news is still more eye-catching. With the continuous increase of policies, the confidence and enthusiasm of the market have gradually improved, but the market has been lack of sustainable and appealing new hot spots.
We believe that the recent warm wind in policy has played a very positive role in stabilizing market sentiment. However, under the suppression of the foreign Russian Ukrainian war and China's economic downturn, the market risk appetite has been suppressed, the upward trend is weak, and the rebound space of the index may be relatively limited. At present, the market is in the rebound period after the sharp decline, and the total turnover of the two markets is mostly maintained at a low level of about 800 billion yuan, The rotation speed of hot sectors is also fast, and the profit-making effect is general, which proves that the recovery of market sentiment and confidence still needs some time. In the near future, we may pay attention to the possibility of periodic decline. The medium-term proposal focuses on the market value stocks, the real estate chain and the oversold growth sector. The market is active and the funds have been constantly switching to look for opportunities. In the short term, we can focus on the reform of state-owned enterprises and local stocks in Shanghai.
Risk tip: global economic recession risk, Fed tightening risk and epidemic spread risk.
