Today (January 17), the Shanghai and Shenzhen stock markets opened higher across the board. At the beginning of trading, the stock index differentiation was obvious, and the gem index fluctuated higher, while the Shanghai index maintained the red position and fluctuated repeatedly, and the consistency of the three major stock indexes strengthened across the board near noon; In the afternoon, subject stocks rose sharply, heavyweights also maintained a good trend, and the stock index maintained a high shock pattern.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.58% to 3541.67 points; The Shenzhen Component Index rose 1.51% to 14363.57 points; The gem index rose 1.63% to 3170.41.
From the disk point of view, the industry and concept sectors rose more or fell less, and the local profit-making effect is still in existence. In terms of industry, computer equipment, communication, cultural media, shipbuilding, consumer electronics, auto parts and other industries led the increase. In terms of subject stocks, covid-19 drugs, digital currency, network security, biometrics, domestic software and other industries led the increase.
In terms of capital, the central bank announced on January 17 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China carried out RMB 700 billion medium-term lending facility (MLF) operation and RMB 100 billion open market reverse repurchase operation on January 17, 2022. The bid winning interest rate of medium-term lending facility (MLF) operation and open market reverse repurchase operation decreased by 10 basis points to 2.85% and 2.10% respectively. In view of the maturity of 500 billion yuan MLF and 10 billion yuan reverse repurchase today, a net investment of 290 billion yuan in the open market was realized today.
hot sector
Top 10 of industry sector increase
Top 10 of industry sector decrease
Top 10 of concept sector increase
Top 10 of concept sector decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to the news report of China Central Television, according to preliminary accounting, China’s GDP exceeded 114 trillion yuan in 2021, reaching 114367 billion yuan, an increase of 8.1% over the previous year and an average increase of 5.1% in the two years at constant prices.
2. According to Shanghai Securities News, on January 17, the reporter learned from Shanghai Municipal Economic and Information Technology Commission that in order to enhance the new momentum of digital economy, Shanghai will promote the development of intelligent networked vehicles in the following fields in 2022: first, focus on traditional vehicle enterprises, new forces and technology companies, and give play to the leading role of vehicle “big terminal” and “big platform”, Build a high-end luxury pure electric brand, and make Feifan the mainstream brand of science and technology fashion. Support Tesla, Weilai, Weima and Chinese express to launch the “made in Shanghai” brand, promote the materialization of Huawei’s intelligent vehicle solution (BU) headquarters, and promote SAIC to explore the pilot OEM mode.
3. According to chinasecurities.com, Ning Jizhe, director of the National Bureau of statistics, said at a press conference held by the state information office on January 17 that in the past decade, fertility policies such as “single two children” and “comprehensive two children” have achieved positive results, and the number of births has increased. According to the data of the seventh national census, the population of children aged 0-14 years increased by more than 30 million compared with 2010, with the proportion increasing by 1.35 percentage points, mainly because the two-time two-child fertility policy promoted the increase of fertility. Among the birth population, the proportion of second children increased from about 30% in 2013 to about 43% in 2021.
4. According to the website of the National Bureau of statistics, in December 2021, the added value of industries above designated size increased by 4.3% year-on-year, 11.9% over the same period in 2019, and an average increase of 5.8% in two years. On a month on month basis, in December, the added value of industries above designated size increased by 0.42% over the previous month. In 2021, the added value of industries above designated size increased by 9.6% over the previous year, with an average growth of 6.1% in the two years.
institutional view
For the current market, Wanhe Securities believes that the “restless spring” market this year can still be expected. There are three main reasons: first, the signal of steady growth is clear. The downward pressure on China’s economy is prominent, the demand for steady growth is strong, and the policy force window period may appear in the first quarter; Second, the liquidity environment is relatively good. Combined with the expression of “appropriate policy force ahead”, the liquidity easing pattern in the first quarter may be a high probability event; Third, market risk appetite is expected to improve. At present, the market risk appetite is relatively low. With the marginal change of policy and liquidity, the risk appetite is easier to improve.
For industry allocation, the agency should further analyze and pay more attention to the middle and lower reaches: first, it is more vulnerable to marginal changes in policies or potential policy force points, such as military industry, medicine, new energy vehicles, etc; Second, consumption areas with relatively low valuation or obvious adjustment in the early stage, such as food and beverage, household appliances, medicine and biology, etc; Third, areas in high business cycle, such as semiconductors, power equipment, etc.
Aijian Securities said that the short-term sector rotation of the market, the game characteristics of stock funds have not changed, and the trading volume is still maintained, so there is no need to be too pessimistic. At the same time, from the adjustment of various indexes, most of them also show signs of stabilization. The overall market valuation is not high, and the downward space is limited. We believe that the strategy is cautious but not pessimistic. From a strategic perspective, consumption and science and technology are still the main line, paying attention to the allocation opportunities brought by the main line opportunity adjustment.
In the macro aspect, Everbright Securities Company Limited(601788) mentioned that the central bank’s RRR reduction was superimposed on the LPR reduction, the monetary easing cycle was gradually opened, the financial data just released was better, the expectation of economic recovery was strengthened, the stock market was supported and boosted, and the overall trend will continue to be optimistic in the future. In terms of operation, maintain a good attitude in the current game, watch more and move less temporarily, and wait for the opportunity after the stabilization signal is clear.
Guosheng Securities pointed out that the structured market has become the norm, the growth stocks of boom branches will be the source of excess returns, the science and technology theme has been fully adjusted, which is expected to become a new main line, and the consumer sector has stabilized and rebounded, which can be configured for defense. We are optimistic about industries with high prosperity and improved prosperity. We can pay active attention to the outstanding performance of core targets in military civilian integration, new energy vehicles and components; The marginal impact of the epidemic on the consumer camp is decreasing, the inflation rate has begun to rise, the policy is expected to focus on supporting domestic demand, and the prosperity of the consumer sector will usher in marginal improvement, which is worthy of attention.
Guohai strategy believes that the structured market has become the norm, the growth stocks of boom branches will be the source of excess returns, the science and technology theme has been fully adjusted, which is expected to become a new main line, the consumer sector has stabilized and rebounded, and defensive allocation can be made. We are optimistic about industries with high prosperity and improved prosperity. We can pay active attention to the outstanding performance of core targets in military civilian integration, new energy vehicles and components; The marginal impact of the epidemic on the consumer camp is decreasing, the inflation rate has begun to rise, the policy is expected to focus on supporting domestic demand, and the prosperity of the consumer sector will usher in marginal improvement, which is worthy of attention.
