Affected by favorable policies, on Friday (May 20), the three major A-share indexes rose across the board, the Shanghai Composite Index successfully stood at 3100 points, a large influx of funds from the north to sweep goods, and the net purchase amount exceeded 14.2 billion yuan. Can the rebound of A-Shares continue? How does the future run?
On May 20, the three major stock indexes opened higher and closed lower. As of the close, the Shanghai Composite Index rose 1.6% to 314657 points, the Shenzhen Composite Index rose 1.82% to 1145453 points, and the gem index rose 1.69% to 241735 points; The total turnover of the two cities was 920.7 billion yuan. Overall, stocks in the two cities rose more and fell less. Looking back this week, the cumulative weekly growth of the three major stock indexes exceeded 2%, the cumulative weekly growth of the Shanghai index reached 2.02%, the cumulative weekly growth of the Shenzhen Component Index was 2.64%, and the cumulative weekly growth of the gem index was 2.51%.
In terms of specific hot spots, coal and oil sectors led the rise, while warehousing and logistics, wine and beverage, non-ferrous metals and other sectors were active, leading the rise; Real estate, architectural decoration and other sectors led the decline.
In terms of the daily limit board, on May 20, 112 stocks were subject to the daily limit, of which 14 were subject to the daily limit, and the share price has risen for more than five consecutive trading days. In terms of industry, the non-ferrous metal industry has the largest number of trading stocks, up to 14, followed by industries such as automobile and power equipment, with 10 and 9 trading stocks respectively.
It is noteworthy that on May 20, the net purchase amount of northbound funds reached 14.236 billion yuan, of which the net purchase amount of Shanghai Stock connect reached 10.374 billion yuan and the net purchase amount of Shenzhen Stock connect reached 3.862 billion yuan. From the trading situation of the top ten active stocks traded in Shanghai and Shenzhen Stock connect, the net purchase amount of China Merchants Bank Co.Ltd(600036) , Wuliangye Yibin Co.Ltd(000858) and other two stocks ranks first.
Table: Trading of top 10 active stocks traded in Shanghai and Shenzhen Stock connect on Friday (May 20): p align = “center” prepared by: Zhang Ying
For today’s market performance, Zhao Yuanyuan, investment director of Jianhong times, believes that today, with the substantial inflow of funds from the north, the market has realized a rise, of which most of the rising varieties are consumption blue chips with heavy foreign positions. At present, Shanghai is about to be fully unsealed, the national freight logistics situation is significantly repaired, and the A-share index continues to rise.
soling shares soared by more than 110% in eight companies
On May 20, soling shares rose the limit again. As of the closing, it was reported at 8.99 yuan, with a total market value of 7.583 billion yuan. Since the cap was removed successfully on May 11, soling shares rose the limit for eight consecutive trading days, with a cumulative increase of 114.56%.
According to the data, on May 9, Shenzhen Soling Industrial Co.Ltd(002766) announced that the company had withdrawn the delisting risk warning and other risk warnings since the opening of the market on May 11, the stock abbreviation was changed from ” Shenzhen Soling Industrial Co.Ltd(002766) ” to “soling shares”, and the daily rise and fall limit of the stock price was changed from “5%” to “10%”. The trading of the company’s shares will be suspended for one day on May 10 and resumed from the opening of the market on May 11.
According to the data, the first quarter report of 2022 disclosed that the top ten shareholders held 631619600 shares, a decrease of 36024400 shares compared with the previous period, accounting for 74.86% of the total share capital, and the main control intensity was high. As of the first quarter report of 2022, there were 6 institutions in total, holding 463067100 shares, accounting for 64.09% of the circulating shares; Among them, no public fund holds the shares. The number of shareholders is 12167, compared with 12584 in the previous period, with a change range of -3.3137%
coal and oil sector surged more than 4%
On May 20, the coal and oil sector rose abruptly and performed well. As of the closing, it had the highest increase of 4.65%, of which Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Dayou energy and other two concept stocks rose by the limit.
In this regard, Zhongtai Securities Co.Ltd(600918) analysis shows that the epidemic situation has gradually improved, and enterprises have returned to work one after another. Although the implementation of the coal long-term association and price monitoring have become stricter in terms of policy, the price space is higher than expected, which is still favorable; The import procurement is not smooth, and the increase in the purchase price of large enterprises also reflects the shortage at the supply side, and the price of thermal coal is expected to remain supported. Overall, the supply and demand pattern of coal is still tight, and the prosperity of the industry will remain high. The growth rate of coal enterprises’ performance in the first quarter is generally fast, and the improvement of performance in the second quarter is expected to continue to exceed the expected performance; The high proportion of dividends of listed companies reached a new high since listing, boosted market sentiment and continued to be optimistic about the future market. It is suggested to focus on the target: power coal company Shaanxi Coal Industry Company Limited(601225) , Shanxi Coal International Energy Group Co.Ltd(600546) , Yankuang energy, China Shenhua Energy Company Limited(601088) ; Coking coal company Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Huaibei Mining Holdings Co.Ltd(600985) , Shanxi Coking Coal Energy Group Co.Ltd(000983) , Guizhou Panjiang Refined Coal Co.Ltd(600395) .
Cinda Securities said that with the cyclical upward fundamentals and highly encouraged development by the policy area, the coal industry will enter a boom upward cycle in the next few years. In the process of the state vigorously promoting the market-oriented reform of energy and electricity, the coal price center is also expected to rise steadily year by year. However, at present, the valuation of the coal sector is at the bottom of history. Considering the attributes of high performance, high cash and high dividend, and superimposing the characteristics of high boom, long cycle and high barrier, the coal sector will usher in a round of historical market with double rise of performance and valuation. In terms of operation, two main lines are recommended from bottom to top: first, Yankuang energy, Shaanxi Coal Industry Company Limited(601225) , China Shenhua Energy Company Limited(601088) , China Coal Energy Company Limited(601898) , etc., with large growth space for endogenous extension, excellent resource endowment and excellent corporate governance; Second, high-quality coking companies Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Guizhou Panjiang Refined Coal Co.Ltd(600395) , Huaibei Mining Holdings Co.Ltd(600985) , Shanxi Coking Coal Energy Group Co.Ltd(000983) , etc. with special scarcity of global resources and growth space.
three factors boost A-Shares to continue to rise
In the face of the global stock market turmoil, recently, the A-share market is full of resilience. How will the future market operate? In this regard, analysts generally believe that market confidence is gradually restored and A-Shares are expected to continue to rise.
According to the information collected by the reporter, there are three main reasons for the rise of the market:
First, favorable policies occur frequently. Xia Fengguang, manager of financial intelligence investment fund under paipai.com, believes that the disturbance of the latest round of epidemic is coming to an end, and the momentum of resumption of work and production is rapid. At present, targeted fiscal and monetary policies have hedged the economic downturn and helped stabilize investor confidence. The policy is expected to be intensively implemented before the end of May.
Secondly, the trend of China concept stocks is becoming clear. Xia Fengguang said that the RMB exchange rate has initially stabilized after the early impact. At present, the trend of China concept shares is gradually clear, which has formed a better support for the Hong Kong stock market and brought a better peripheral environment for a shares. In the medium term, the main indexes have been adjusted from last year, and the space and time are sufficient. The bottom of this round is still in the composition stage, and there is still a driving force to further expand space in the future.
Third, the valuation is at the bottom. Huang Yi, director of Hongfeng asset investment, believes that from the overall average valuation, A-Shares have seen the bottom. With the increasing weight of policies, market sentiment and confidence are gradually picking up. It is expected that the rising market of A-Shares will be sustainable in the future.
For the future market, Guotai Junan Securities Co.Ltd(601211) analysis shows that the five-year LPR interest rate has been reduced by 15bp for the first time. Affected by favorable factors, the market sentiment has been boosted, and the cycle and financial stocks have significantly increased. The recent continuous positive policies have hedged the weakness of previous financial data. The market expects that the underlying policies related to steady growth may continue to be launched. At present, the bottom area of the market may be further consolidated in repeated shocks.
