panel overview
On Monday, A-Shares opened high and went low, led by the gem. On the disk, chemical fertilizer, agriculture, animal husbandry, feeding and fishing, cultural media, steel, automobile services, precious metals, biological products, medical devices, non-ferrous metals, shipbuilding, logistics, coal, pesticides and veterinary drugs, education and other industries led the increase; Airports, aerospace, tourism and hotels, wind power, photovoltaic, batteries, engineering construction, utilities, real estate, insurance, wine and other industries saw a slight correction. In terms of theme stocks, poxvirus prevention and control, stephanine, digital reading, NFT concept, chicken concept, dairy industry, in vitro diagnosis, radio and television, lithium extraction from Salt Lake, etc. led the increase, while outdoor camping, building energy conservation, 3D camera, super brand, new urbanization, general aviation and other decline.
message surface
CSRC heavy! 23 policies to rescue industries affected by the epidemic eight points for companies
On May 20, the CSRC issued the notice on further exerting the function of the capital market to support the accelerated recovery and development of areas and industries seriously affected by the epidemic (hereinafter referred to as the notice). By increasing direct financing support, implementing the extension policy, optimizing the supervision arrangement and giving full play to the role of industry institutions, the CSRC has made efforts in the following four aspects: enterprises applying for IPO, listing on the Beijing stock exchange, refinancing, M & A, corporate bonds Increase policy support in asset securitization products.
Shanghai stock exchange plans to release the list of sample stocks of Shanghai Science and technology innovation board chip index on June 13
The Shanghai Stock Exchange announced that in order to timely reflect the performance of the securities listed on the science and innovation board and provide the market with multi-dimensional investment targets and performance benchmarks, the Shanghai Stock Exchange and China Securities Index Co., Ltd. will officially release the Shanghai Science and innovation board chip index on June 13, 2022. After liquidity screening, SSE Kechuang board chip index selects no more than 50 securities of Listed Companies in the fields of semiconductor materials and equipment, chip design, chip manufacturing, chip packaging and testing with large market value from the Kechuang board market as index samples to reflect the overall performance of securities of Listed Companies in the chip industry, which is a representative of the Kechuang board market.
HSI companies: including Semiconductor Manufacturing International Corporation(688981) and other four companies into the Hang Seng Index
On May 20, the Hang Seng Index company announced the quarterly inspection results, including Semiconductor Manufacturing International Corporation(688981) and other four companies into the Hang Seng Index. Excluding Ruisheng technology, the number of component shares will increase from 66 to 69; Weilai group was included in the Hang Seng technology index and ASM Pacific Technology was excluded. The number of constituent stocks remained 30.
Jufeng viewpoint
Pre market judgment: the US stock market continued to decline last week, and the Dow Jones index fell for eight consecutive weeks. However, the bottom of the US stock market rebounded on Friday, and the US stock market continued to decline, which was mainly affected by two aspects: one is the US dollar interest rate increase, and the other is that the corporate profit is lower than expected; China concept stocks strengthened for two consecutive weeks. It is expected that the risk of US stocks will not be transferred to H shares and A-Shares through China concept stocks. At present, the Kechuang 50 index has rebounded by more than 20% at the bottom, Semiconductor Manufacturing International Corporation(688981) will be included in the Hang Seng Index, and the Shanghai Stock Exchange will launch the chip index of the Kechuang board. It is expected that the Kechuang board will continue to rise and drive the rise of the gem.
The three major A-share indexes collectively opened higher, with the Shanghai index rising 0.12%, the Shenzhen composite index rising 0.12%, the gem index rising 0.20%, and the NFT concept opening actively. After the opening, the decline of track stocks such as photovoltaic, wind power and chips led to the correction of gem index; The ebb tide of the infrastructure sector continued to drag down the performance of the Shanghai index; Cyclical stocks such as iron and steel, coal, chemical fertilizer and nonferrous metals rose strongly. In addition, the cultural media industry stimulated by favorable conditions and the concept of monkeypox virus prevention and control led the rise.
Overall, A-Shares have got rid of the previous unilateral adjustment and reached the crossroads of rebound and reversal, and the future market is expected to fluctuate upward. Taking the Kechuang 50 index yesterday as a reference, we tentatively set the rebound target of this round near the 60 day moving average of the stock index, corresponding to 3200 points of the Shanghai index and 2550 points of the gem index. Short market correction is not enough to fear, but an opportunity to absorb high-quality chips at a low price. In the afternoon, we can continue to pay attention to the performance of medium and low price stocks in the steel sector and heavyweights with relatively deep declines in the middle and early trading of track stocks if the track stocks stabilize and recover, the confidence of the market to be long will be improved again
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. On April 29, the meeting of the Political Bureau issued the strongest voice of stabilizing expectations and stabilizing the market. The track sectors that took the lead in the mid-term adjustment of military industry, wind power, photovoltaic, lithium battery and chip in the year stopped falling and rebounded, activating the confidence of the market to do more; And is expected to lead the market to launch a wave of intermediate market before the advent of the interim report window period. External market disturbance provides low absorption opportunities for a shares. It is suggested that bargain hunting pay attention to three main lines: 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.
