With the substantial support of the main funds, today’s computer and other sectors ushered in a long lost carnival.
On January 17, the three major stock indexes of A-Shares rose collectively, and the daily lines of Shenzhen index and gem index recorded two consecutive positives. Thanks to the release of favorable policies, the computer sector led the rise strongly, and concept stocks such as operating system, digital currency and network security set off a wave of limit trading; The media, medicine and biology sectors regained their gains. As of the closing, the above three sectors had a total of more than 60 stocks trading limit, and the net purchase scale of main funds exceeded 22 billion yuan.
Is the “money” of A-Shares stable before the festival? Industry insiders believe that the macro environment of A-Shares in 2022 is better than that of major global indexes, or go out of the independent market. The high prosperity track can be properly arranged on the left before the Spring Festival holiday, and the opportunities in infrastructure, consumption and other fields deserve attention.
digital economy concept stocks set off a trading tide
Driven by the strong strength of computer and other sectors, today’s A-share market is very warm.
Data show that as of the close, the Shanghai Composite Index rose 0.58% to 3541.67 points; The Shenzhen Composite Index rose 1.51% to 14363.57 points; The gem index rose 1.63% to 3170.41. More than 3300 stocks in the two cities closed higher, and the transaction volume exceeded 1 trillion yuan for the 12th consecutive trading day.
From the performance of the computer (shenwanyi) sector, the sector led the rise with an increase of 5.17% today. Among the constituent stocks, 9 stocks that scored the “20cm” limit include Beijing Certificate Authority Co.Ltd(300579) , Synthesis Electronic Technology Co.Ltd(300479) , Shenzhen Emperor Technology Company Limited(300546) , and 19 stocks such as Shanghai Yanhua Smartech Group Co.Ltd(002178) , Jc Finance & Tax Interconnect Holdings Ltd(002530) , Beijing Vastdata Technology Co.Ltd(603138) . From the concept sector, the digital economy broke out in an all-round way, and the related concept sectors such as digital currency, operating system, network security, big data and financial technology collectively closed up by more than 7%.
The computer sector is also the largest sector to gain the main position. According to the data, the net capital inflow of the computer sector is as high as 13.969 billion yuan. Three “20cm” trading stocks of Newcapec Electronics Co.Ltd(300248) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , Beijing Egova Co.Ltd(300075) have a net inflow of more than 500 million yuan, and nearly 40 stocks with a net inflow of more than 100 million yuan.
For the rise of computer related sectors, industry insiders believe that the biggest positive factor is the “14th five year plan” for digital economy development, which deploys eight important tasks, including optimizing and upgrading digital infrastructure and vigorously promoting industrial digital transformation. Anxin Securities believes that it can pay attention to the acceleration of localization of basic tool chain, the release of demand in traditional industries and data security.
From the perspective of valuation, as of the closing on January 14, the price earnings ratio (TTM) of the computer sector was 51.96 times, lower than the median level in recent ten years; After reaching a stage high in July 2020, the computer sector index has rebounded slightly since the end of November 2021.
the structural market of the two sectors is obvious
Today, the media, medicine and biology sectors are also favored by the main funds.
According to the data, as of the closing, among the 31 Shenwan level industries, the media sector received the main capital, with a net inflow of 4.503 billion yuan, ranking the second in scale; Among the constituent stocks, Hubei Radio & Television Information Network Co.Ltd(000665) , Beijing Jetsen Technology Co.Ltd(300182) , Guangdong Advertising Group Co.Ltd(002400) , Jishi Media Co.Ltd(601929) 4 stocks obtained a total net inflow of main funds of more than 2 billion yuan, which is also a collective trading stock in the sector today.
As for other individual stocks in the media sector, as of the closing, Qitian Technology Group Co.Ltd(300061) rose by nearly 14%, and individual stocks such as Zhejiang Daily Digital Culture Group Co.Ltd(600633) , Inly Media Co.Ltd(603598) , Genimous Technology Co.Ltd(000676) , Zhewen Interactive Group Co.Ltd(600986) rose by the collective limit; Hubei Radio & Television Information Network Co.Ltd(000665) pull up the sealing sector in the afternoon, and the cumulative increase since the beginning of the year has exceeded 70%.
Since the end of October 2021, the media sector, which has fallen for more than a year, has started a new round of rebound. The concept of “meta universe” which continues to heat up in early 2022 has pushed the sector higher. For future layout opportunities, Huaan Securities Co.Ltd(600909) said that at present, the meta universe industry continues to catalyze, and social networking and games are still relatively clear application paths. It is recommended to pay attention to the business implementation progress of head manufacturers; Recently, the special treatment of short video and other subdivided fields has also been gradually implemented, the regulatory situation continues to improve, and the long-term configuration value of high-quality Internet leaders is prominent. It is recommended to pay attention.
The overall performance of the pharmaceutical and biological sector was relatively flat, closing up only 0.48% at the close. However, the gains of covid-19 drugs, innovative drugs and other related concept stocks in the sector were gratifying, Fujian Cosunter Pharmaceutical Co.Ltd(300436) , Staidson(Beijing) Biopharmaceuticals Co.Ltd(300204) harvested the “20cm” limit, Andon Health Co.Ltd(002432) reproduced the limit on the one-stop board, Changzhou Qianhong Biopharma Co.Ltd(002550) and other more than 10 stocks.
From the perspective of fund purchase, today’s pharmaceutical and biological sector won the main market, with a net capital inflow of 3.769 billion yuan, second only to the computer and media sector. Recently, Chinese medicine and covid-19 detection related concept stocks have increased significantly. For the future layout, China Securities Co.Ltd(601066) Securities believes that the recent epidemic situation in Europe and America has rebounded sharply, the main line of anti epidemic is active, and the attention of the pharmaceutical sector is expected to maintain a high level.
A shares may go out of the independent market throughout the year
Will the general rising market continue? How should the A-share market be laid out before the Spring Festival?
Boc International (China) Co.Ltd(601696) believes that the macro environment of A-Shares in 2022 is better than that of major global indexes, or out of an independent market. The steady growth style needs continuous stimulation of policy expectations, and some funds choose to return to the main track of high growth. Before the Spring Festival holiday, the left layout of gaoboom track can be appropriate. In addition, with the disclosure of the annual report, growth stocks with better than expected performance walked out of a certain independent rising market.
In Founder Securities Co.Ltd(601901) view, the valuation digestion of the high boom sector has lasted for a long time after the Spring Festival, and the valuation premium of the leading companies in the high boom sector represented by fund heavy positions has fallen to a reasonable range. Looking forward to the future, after the phased repair of the undervalued sector, the opportunity is mainly in the growth direction of the small hard science and technology market. The relative valuation position is not high, the funds are not crowded, and there is an industrial logic of investment and expansion of emerging industries, which deserves special attention.
Dongxing Securities Corporation Limited(601198) it is suggested that we should look for sub sectors with “bottom” Fundamentals and low valuation quantile in the areas with the highest probability of counter cyclical force (infrastructure and consumption), and be optimistic about two main lines: large infrastructure central enterprises (especially transportation, energy and water conservancy) that are expected to be driven, consumption driven by the “consumption promotion” policy, superimposed with the reversal of the bottom of fundamentals, and white power Auto parts and other directions.
