The market fluctuated repeatedly this week, and the Shanghai index rose slightly by 0.04% this week; The Shenzhen composite index fell 0.86% weekly; The gem index fell 2.72% this week. Coal, computer, banking, food and beverage, architectural decoration and other sectors led the increase; Medicine and biology, national defense and military industry, basic chemical industry, beauty care, automobile and other sectors led the decline.
Increase the inflow of funds to the north. According to 21 INVESTMENT smart monitoring, northbound funds recorded net purchases in all five trading days this week, with a cumulative net purchase of 29.197 billion yuan.
more than 9 billion yuan of overweight banking sector
reduction of holdings in household appliances, tourism and hotel industry
In terms of net purchase amount, northbound capital increased its holdings in 67 industries, among which banks took the lead, with a net purchase amount of 9.285 billion yuan, of which more than 50% bought China Merchants Bank Co.Ltd(600036) (600036. SH), with a net purchase amount of 4.773 billion yuan.
The central bank lowered the one-year MLF operating interest rate 10bps to 2.85% on January 17, lowered the one-year lpr10bp to 3.7% on January 20, and lowered the five-year lpr5bp to 4.6%. In the process of continuous supplement and overweight of recent policies, Guosheng Securities pointed out that many banks expect future demand to improve gradually.
At the same time, recently, a number of banks have successively released the annual performance express of 2021. The performance growth and asset quality of the banking sector in the fourth quarter of 2021 were better than expected. Under the influence of multiple factors, the banking sector rose 3.33% this week.
A number of securities companies are optimistic about the banking sector. Central China Securities Co.Ltd(601375) believes that the extremely low valuation level of the current banking sector fully reflects the pessimistic expectations of the market on the credit risk exposure and macroeconomic downturn of the real estate industry. At the same time, considering the good performance growth and continuously improving asset quality of the bank, Central China Securities Co.Ltd(601375) believes that the current sector has high allocation value and maintains the investment rating of "stronger than the big market" of the industry.
Wanlian Securities believes that the overall performance of the banking sector is that the performance growth rate maintains an upward trend, and the robustness is better than the market expectation. Looking forward to the first quarter, the market is pessimistic about the repair, superimposed with strong performance certainty, and the whole sector is expected to remain strong. In the medium and long term, the internal differentiation of the banking sector will continue.
In addition, the insurance and battery sectors received a net purchase of RMB 3.518 billion and RMB 2.704 billion respectively.
From the perspective of net sales amount, this week's northward capital holdings were reduced in 33 industries, of which the home appliance industry was the largest, with a net sales amount of 1.102 billion yuan, followed by the tourism and hotel industry, with a net sales of 999 million yuan.
net purchase China Merchants Bank Co.Ltd(600036) 4.773 billion yuan
net sales China Tourism Group Duty Free Corporation Limited(601888) 1.205 billion yuan
This week, northbound funds favored the large financial sector and bought bank stocks and insurance stocks sharply. Among them, China Merchants Bank Co.Ltd(600036) (600036. SH) took the lead in net purchases, with a net amount of 4.773 billion yuan, and received net purchases for five consecutive trading days this week.
On January 17, China Merchants Bank Co.Ltd(600036) released the performance express. In 2021, the operating revenue was 331.2 billion yuan, a year-on-year increase of 14.03%, and the net profit attributable to the parent company was 119.9 billion yuan, a year-on-year increase of 23.20%. Revenue and profit achieved stable growth, with growth rate improved to varying degrees compared with the third quarterly report, and the share price rose 7.91% this week.
In addition, two bank shares Ping An Bank Co.Ltd(000001) (00000 1. SZ) and Bank Of Ningbo Co.Ltd(002142) (002142. SZ) were net purchased by RMB 1.674 billion and RMB 775 million respectively.
Both banks achieved double-digit growth in revenue and net profit. In 2021, Ping An Bank Co.Ltd(000001) net profit attributable to the parent company was 36.336 billion yuan, a year-on-year increase of 25.6%; Bank Of Ningbo Co.Ltd(002142) the net profit attributable to the parent company was 19.515 billion yuan, a year-on-year increase of 29.67%.
In addition, Ping An Insurance (Group) Company Of China Ltd(601318) (601318. SH) was also net bought this week by 2.357 billion yuan, and has been net bought for four consecutive trading days.
Baijiu shares, Kweichow Moutai Co.Ltd(600519) (600519.SH), Wuliangye Yibin Co.Ltd(000858) (000858.SZ) were net purchase of 1 billion 841 million yuan, 1 billion 204 million yuan. Jiugui Liquor Co.Ltd(000799) was net sold by 395 million yuan.
Consumption habits quietly changed, Baijiu busy season moving gradually gradually extended and the actual sales season, from now on. Sealand Securities Co.Ltd(000750) it is expected that the actual peak season of mobile sales and shipment in the industry has just begun, and the preliminary conclusion can be obtained only when the real demand and mobile sales are at least close to the Spring Festival. There is no need to worry too much at present.
This week, northbound funds significantly reduced their holdings of home appliance stocks, Midea Group Co.Ltd(000333) , Gree Electric Appliances Inc.Of Zhuhai(000651) were sold off. According to the Research Report of Zhongtai Securities Co.Ltd(600918) , the overall market performance of the household appliance industry declined in December, and the terminal sales were under pressure. According to Aowei data, the online retail sales of all categories in a single month in December were - 14% year-on-year, and the offline sales were - 11% year-on-year, both decreasing month on month.
Biomedical stocks were also not favored by northbound funds, Wuxi Apptec Co.Ltd(603259) (603259. SH) and Jiangsu Hengrui Medicine Co.Ltd(600276) (600276. SH) were net sold by 1.092 billion yuan and 671 million yuan respectively. Affected by multiple factors such as the fluctuation of overseas stock market and the reduction of domestic valuation of the pharmaceutical industry, the performance of A-share pharmaceutical sector may continue to differentiate in 2022.
In addition, the net sales of China Tourism Group Duty Free Corporation Limited(601888) (601888. SH), Tianjin Zhonghuan Semiconductor Co.Ltd(002129) (002129. SZ) and Weihai Guangwei Composites Co.Ltd(300699) (300699. SZ) of northbound funds ranked first, of which China Tourism Group Duty Free Corporation Limited(601888) was net sold by 1.205 billion yuan, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) was net sold by 667 million yuan and Weihai Guangwei Composites Co.Ltd(300699) was net sold by 547 million yuan.
It is worth mentioning that the dispute between Aier Eye Hospital Group Co.Ltd(300015) (300015. SZ) and AI Fen, director of the emergency department of Wuhan Central Hospital, continues. This week Aier Eye Hospital Group Co.Ltd(300015) was net sold by northbound funds of 395 million yuan.
(statement: the contents of the article are for reference only and do not constitute investment suggestions. Investors operate accordingly at their own risk.)
