The main indexes fluctuated strongly, continued to decline after opening slightly higher in the morning, and rebounded in the afternoon under the leadership of cycles and cars. At the close, the Shanghai index rose 0.01% to 314686 points; The Shenzhen composite index fell 0.06% to 1144795. In terms of industry, cyclical stocks continued to rise sharply, led by steel (+ 2.72%), nonferrous metals (+ 2.41%) and automobiles (+ 2.15%), while consumer services (- 2.98%), home appliances (- 2.38%) and real estate (- 2.21%) led the decline. The turnover of the two cities was 859628 billion yuan, with 3506 rising stocks and 1132 falling stocks.
Market focus:
The theme sectors are active in turns, with changes in cycles and media stocks, the rise of monkeypox concept stocks and the rapid rotation of hot spots. There were more than 100 stocks trading in the whole market, including 23 companies. As of the closing, the trading limit was mainly focused on new energy, cycle and big technology. Medicine, big consumption and sub new shares also performed well. Combined with the current themes and hot spots, the performance of sectors and individual stocks boosted by some news is still more eye-catching. Today, it is mainly the concept of new energy vehicles, media and monkeypox, which has been stimulated by the favorable trading limit, but the performance of the market index is general. With the continuous increase of policies, the confidence and enthusiasm of the market have gradually improved, and the medium-term rebound is getting better and better.
We believe that the recent warm wind blowing in policy has played a very positive role in stabilizing market sentiment. At present, the market sentiment is stable, the industry is easy to amplify, the rotation speed of hot sectors is also fast, and the profit-making effect is gradually reflected. However, under the restraint of foreign Russia Ukraine 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. The shock wave caused by the current Russia Ukraine conflict is still reverberating all over the world, of which the biggest impact is the global energy and food supply. It is suggested to focus on the upstream resource sector (coal, petroleum and petrochemical, lithium and agriculture) in the near future; Growth sector supported by high prosperity (military industry and new energy); Market adjustment in micro supply contraction logic (real estate, Internet), etc.
Risk tip: global economic recession risk, Fed tightening risk and epidemic spread risk.
