This week (from January 17 to January 21), the three major stock indexes rose and fell slightly, the performance was still depressed, and the market rotation was fast. The tide of traditional Chinese medicine and covid-19 detection, which had attracted much attention from the market, had ebbed significantly. Citic Securities Company Limited(600030) believes that the “market bottom” is gradually approaching, and continues to layout high-quality blue chips to meet the starting point of the market in the first half of the year.
On the whole, the Shanghai Stock Index (00000 1. SH) performed tenaciously at the beginning of last week, but there was a serious differentiation between large and small cap stocks. At one time, the index rose and more than 3000 stocks fell, while the gem index performed relatively weakly, hitting a four consecutive decline this week.
On the disk, the market rotation is still fast. The tide of traditional Chinese medicine and covid-19 detection, which have attracted much market attention, has obviously ebbed, which has also become one of the reasons for the poor performance of the gem last week.
In terms of turnover, with the approaching of the Spring Festival and the weakening of the market profit-making effect, the turnover of A-share markets continued to fall, and finally fell below trillion on Friday. However, northbound funds continued to maintain a net inflow trend, with a cumulative net inflow of more than 29 billion yuan last week.
It should be noted that the three major indexes of U.S. stocks collectively closed down this week, among which the S & P 500 index and the NASDAQ index recorded the largest weekly decline since late March 2020.
Compared with the weakness of other major markets, Hong Kong stocks continued to rebound, and the Hang Seng Index rose 2.39% this week, continuing to lead the world’s major indexes.
(data source: wind)
Citic Securities Company Limited(600030) the research report pointed out that with the continuous improvement of the consensus on the main line of stable growth and the end of emotional catharsis, it is expected that market funds will resume inflow, and the “market bottom” is gradually approaching. It is suggested to stick to the main line of “stable growth” and continue to layout high-quality blue chips around the “two low positions” to meet the starting point of the market in the first half of the year.
In addition, Guotai Junan Securities Co.Ltd(601211) strategy research report pointed out that the market adjustment has gradually digested the negative expectations at the denominator. With the relay of steady growth, the valuation repair is on the way. In terms of industry allocation, grasp the value in value. The market value is relatively dominant, and the rate of correction of pessimistic expectations is superimposed according to the order of steady growth. It is recommended that: 1) consumption: accelerate the expected bottom, recommend the pigs, household appliances, furniture, social service / tourism, Baijiu and other directions that are supported by performance and negative expectations. 2) Infrastructure: improve infrastructure investment, help “revitalize infrastructure” exceed expectations in the future, and recommend building materials, construction, power operation and other directions; 3) Finance: securities companies and banks; 4) Consumer electronics.
1. Li Keqiang: macro policies should be more targeted and reasonably strengthened
Premier Li Keqiang chaired a symposium on the 20th to listen to the opinions and suggestions of experts, scholars and business people on the draft of the government work report. Li Keqiang said that we should maintain the continuity and stability of macro policies, enhance pertinence, reasonably increase policy efforts, and pay attention to interval regulation and directional regulation.
2. On January 17, the central bank has synchronously lowered the standing lending convenience interest rate by 0.1 percentage points
On January 21, it was learned from the people’s Bank of China that on January 17, after the bid winning interest rates of open market operation and medium-term lending facilities decreased by 0.1 percentage points respectively, the people’s Bank of China simultaneously reduced the standing lending facility interest rate by 0.1 percentage points on the same day.
3. Yellen: it is predicted that inflation will decrease significantly in 2023
On January 22, U.S. Treasury Secretary Yellen said that inflation is expected to decline significantly in 2023. Inflation is a concern for policy, and the U.S. labor market is extremely strong. He also said that the Biden government “makes every effort” to seek strategies to alleviate inflationary pressure, including opening ports and expanding labor supply.
4, the strongest Spring Festival file in history! The pre-sale box office exceeded 100 million yuan, and shuimen bridge led
According to the cat’s eye professional edition, as of 23:46 on the 22nd, the total box office of 2022 Spring Festival new films exceeded 100 million yuan. The water gate bridge of Changjin lake, which has attracted much attention, can be called the “King’s bombing” of the Spring Festival, with a total pre-sale box office of 33.255 million yuan. The market predicts that the box office of “shuimen bridge” is expected to reach 6.5 billion yuan. From the current pre-sale situation, the level of 8 new films in the Spring Festival is obvious, and the pattern of “one super and many strong” is obvious. Tuopu data predicts that the overall box office output of the Spring Festival will be 8.04 billion yuan.
5. Ge Lan was promoted to 100 billion fund manager, with a management scale of 110.339 billion in 2021
On January 22, five funds managed by Glenn released the fourth quarter report of 2021. By the end of 2021, Ge Lan’s management scale had exceeded 100 billion yuan, reaching 110.339 billion yuan, an increase of 13.338 billion yuan compared with 97.001 billion yuan in the previous quarter.
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