Today (January 19), the Shanghai and Shenzhen stock markets opened low across the board. The stock index showed differentiation in the downturn, and the Shanghai index was more resistant to decline. The Shenzhen Component Index and the gem index walked out of the pulse downward trend, especially the gem index fell more violently, rebounded in the late trading, and it was difficult to change the overall weak situation.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index fell slightly by 0.33% to 3558.18 points; The Shenzhen Component Index fell 1.28% to 14207.19 points; The gem index fell 2.17% to 3075.98.
From the disk point of view, the light index and heavy individual stock market reappeared, the industry and concept sectors rose and fell differently, and the local profit-making effect still exists. In terms of industry, games, cement building materials, tourism hotels, education, steel, commercial department stores and other industries led the gains. In terms of theme stocks, cloud games, NFT concept, online tourism, etc, digital reading, covid-19 drugs and other industries led the gains.
In terms of capital, the people’s Bank of China announced on January 19 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched RMB 100 billion reverse repurchase operation by means of interest rate bidding on January 19, 2022. In view of the maturity of 10 billion yuan of reverse repurchase today, a net investment of 90 billion yuan in a single day.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to china.com, on January 19, the yuan universe Industry Committee of China Mobile Communications Federation held the second news briefing in the central chain live broadcast network, announced the second batch of accepted member units (including individuals), and released the “thousand mile horse” plan for talent training of Yuan universe industry.
2. According to Zhengguan news, on January 19, Guangdong Pharmaceutical Trading Center issued the document on centralized procurement of diclofenac and other drugs of Guangdong alliance. Blood products entered the scope of procurement for the first time, specifically involving five varieties of intravenous human immunoglobulin (pH4), human immunoglobulin, human coagulation factor VIII, human fibrinogen and human albumin. According to the document, a number of recombinant human growth hormone are in the centralized collection catalogue.
3. According to china.com, on January 19, the State Information Office held a press conference on the economic operation of central enterprises in 2021. At the conference, Peng Huagang, secretary general and spokesman of the state owned assets supervision and Administration Commission of the State Council, said to solidly promote the reorganization, formation and professional integration of central enterprises. In terms of strategic restructuring, focus on the implementation of national strategies such as supply side structural reform, innovation driven development and building a manufacturing power, steadily promote the restructuring and integration of iron and steel and other fields in accordance with the principle of “mature one household and promote one household”, and timely study and establish a new central enterprise group in relevant fields. In terms of professional integration, we will aim to strengthen and refine our business, take advantageous enterprises as the main body, actively promote the professional integration of grain reserve processing, ports and terminals and other fields, and effectively improve the efficiency of resource allocation and the core competitiveness of enterprises.
4. According to the news client of China Central Television, the Information Office of the State Council held a press conference this afternoon to invite relevant persons in charge of the state owned assets supervision and Administration Commission of the State Council to introduce the economic operation of central enterprises in 2021. It was introduced at the meeting that central enterprises realized an operating revenue of 36.3 trillion yuan in 2021, a year-on-year increase of 19.5%. The total profit was 2.4 trillion yuan and the net profit was 1.8 trillion yuan, with a year-on-year increase of 30.3% and 29.8% respectively.
institutional view
For the current market, Orient Securities Company Limited(600958) said that the pace of Shanghai and Shenzhen stock markets is inconsistent, but they are at the bottom stage, and this feature will continue before the Spring Festival. On the premise of stability at the economic level, there is no need to worry about liquidity in the first quarter. The investment strategy should be balanced, and pay attention to the performance opportunities of new and old infrastructure and theme stocks that underestimate the value and make great efforts in finance and policies.
Everbright Securities Company Limited(601788) believes that the market is in the stage of consolidation and bottom building, the repair of emotions takes time, and the adjustment of some sectors has not ended yet. Therefore, it is inevitable that the index will differentiate in different positions. Popularity at the bottom stage will recover, but to return to the excited state, we need to wait for the landing of peripheral boots and the re cohesion of market consensus.
Huaxi Securities Co.Ltd(002926) indicates that the watershed is ready to go after the Spring Festival. Since the beginning of the year, A-Shares have been disturbed by the Federal Reserve’s monetary policy and the valuation adjustment of the high boom track, and the characteristics of the “spring lack” market are more obvious. Near the Spring Festival, in view of the uncertainty of overseas news during the holiday, some off-site funds stay on the sidelines, and the market may be light. The watershed may be after the Spring Festival, when the path of the Fed’s interest rate increase will be clearer, and China’s liquidity will remain abundant. At the same time, the steady growth policy related to infrastructure and real estate investment continued to work, which became the driving force for A-Shares to get out of the “cold spring”.
Considering that China’s monetary policy is loose and the valuation of A-Shares is reasonable on the whole, incremental foreign investment is also expected to continue to flow into the A-share market. In terms of configuration, the “undervalued blue chip” is the main one: first, it is related to traditional infrastructure, such as banks and building materials; Second, the real estate and its upstream and downstream industrial chain benefiting from the marginal improvement of real estate policy. Focus on topics: digital economy, meta universe, traditional Chinese medicine, etc.
China International Capital Corporation Limited(601995) put forward configuration suggestions: 1) areas potentially supported by marginal policy changes or efforts, including industrial chains related to stable demand for infrastructure and real estate (construction, building materials, household appliances, home furnishings, real estate, etc.), potential possible consumption support areas, securities companies, etc.
2) for the middle and lower reaches consumption that has been adjusted this year, the valuation is not high, and the medium and long-term prospects are still clear, choose stocks from bottom to top, including household appliances, light industry and household appliances, automobiles and parts, Internet and media, agriculture, forestry, animal husbandry and fishery, food and beverage, medicine, aviation and hotels, etc.
3) the short-term share price of the manufacturing growth sector with a large increase last year may be restrained, including new energy vehicles, new energy and technology hardware semiconductors. The potential turnaround depends on the change of market style again, and the potential time point may be at the end of the first quarter and the beginning of the second quarter.
