Today (January 24), the Shanghai and Shenzhen stock markets opened low across the board, and the stock index fluctuated at the beginning of the session. Then, under the leadership of subject stocks, the stock index rebounded for a time, while the heavyweights cooperated with the upward attack, which made the index turn red smoothly, and the performance of the three indexes was eye-catching; In the afternoon, the Shanghai index sorted out near the red market position, while the gem index rose again, with a strong overall performance.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index closed up slightly by 0.04% to 3524.11 points; The Shenzhen Component Index rose 0.37% to 14081.80; The gem index rose 0.72% to 3056.43.
From the disk point of view, the rise and fall of industry and concept sectors are different, and the light index and heavy individual stock market reappear. In terms of industry, energy metals, wind power equipment, tourism hotels, chemical fertilizer and other industries led the rise. In terms of subject stocks, salt lake lithium, hit batteries, digital currency, data security, energy storage, electronic license sector, network security and other industries led the rise.
In terms of funds, the central bank announced on January 24 that in order to maintain stable liquidity before the Spring Festival, on January 24, 2022, the people’s Bank of China carried out 150 billion yuan 14 day reverse repurchase by means of interest rate bidding, with the bid winning interest rate of 2.25%. In view of the maturity of 100 billion yuan of reverse repo today, a net investment of 50 billion yuan per day.
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 first financial report, the State Council issued the comprehensive work plan for energy conservation and emission reduction in the 14th five year plan. The plan proposes to increase the proportion of new energy vehicles used by urban public transport, leasing, logistics, sanitation and cleaning vehicles. We will fully implement the national six emission standards for automobiles and the national four emission standards for non road mobile diesel machinery, and basically eliminate vehicles with national three and below emission standards. We will further implement the clean diesel engine action and encourage heavy diesel trucks to replace them. Implement the vehicle emission inspection and maintenance system and strengthen the management of vehicle emission recall. Strengthen the promotion and application of ship clean energy power, and promote the transformation of ship shore power receiving facilities. Vigorously develop intelligent transportation and actively use big data to optimize transportation organization mode. By 2025, the sales volume of new energy vehicles will reach about 20% of the total sales volume of new vehicles, and the proportion of railway and waterway freight will further increase.
2. According to China Securities News, on January 24, the Ministry of ecological environment held the first regular press conference in 2022. Liu Youbin, spokesman of the Ministry of ecology and environment, introduced that the Ministry of ecology and environment recently held a national conference on ecological and environmental protection in 2022 in Beijing to summarize the ecological and environmental protection work in 2021, analyze the current situation and arrange the deployment of key tasks in 2022.
3. According to surging news reports, on January 24, at the press conference on the development of small and medium-sized enterprises held by the Ministry of industry and information technology, Liang Zhifeng, director of the Bureau of small and medium-sized enterprises of the Ministry of industry and information technology, said that special attention should be paid to cultivating a number of “little giant” enterprises in the professional fields of industrial Internet, industrial software, network and data security, intelligent sensors and so on, Cultivate a number of innovative small and medium-sized enterprises entering emerging fields such as metauniverse, blockchain and artificial intelligence.
4. According to the website of the national development and Reform Commission, the national development and Reform Commission recently issued the “14th five year plan” for the construction of modern circulation system. It is mentioned in the plan that by 2025, the construction of modern circulation system will be accelerated, the flow of commodities and resource elements will be smoother, commerce and logistics facilities will be improved, the circulation network and service system outside China will be improved, the circulation formats and modes will be richer and diversified, the main body of circulation market will be more dynamic, and the transportation carrying capacity and financial credit support capacity will be significantly enhanced, The ability of emergency support and the level of green development have been significantly improved, the circulation cost has continued to decline and the efficiency has been significantly improved, and the basic, leading and strategic role in unblocking the national economic cycle has been significantly improved.
institutional perspective
For the current market, Aijian Securities said that the market still maintains the shock pattern. At present, it is at the bottom of the range, with a high margin of safety. However, in the week before the festival, the holiday atmosphere is strong, the market is expected to be cautious, and it is difficult to have large fluctuations. Therefore, we need to wait patiently in this region. We believe that the strategy is still 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 adjustment of the main line. Especially when the market mentality is cautious, undervalued varieties have more advantages.
YueKai Securities believes that the current market adjustment is coming to an end, and A-Shares are ready to go. It is expected that in the first quarter, under the expectation of steady growth, it will take the lead in opening a wave of market dominated by large cap stocks, and gradually return to the cycle dominated by small cap stocks in the second half of the year. Before the festival, the market pursues certainty, and the performance of blue chip in the market is better than that of small and medium-sized stocks. After the festival, policy expectations rise again, and the market turns to pursue high elasticity.
Configuration ideas: 1) pay attention to the performance of large cap stocks recently, and there is a strong demand for phased reverse switching in large cap stocks. Focus on the main line of steady growth and undervalued value, real estate, building materials, household appliances in the infrastructure and real estate chain, as well as leisure services, food and beverage and other consumer industries that expand domestic demand.
2) pay attention to the performance of medium and small cap throughout the year. This year’s marginal change at the denominator end has supported the trend of small and medium-sized stocks. In the stage of steady growth, we pay attention to the investment direction dominated by expected improvement and relative profit growth, and the energy transformation, high-end manufacturing, digital economy and other directions supported by high-quality transformation and development.
Dongxing Securities Corporation Limited(601198) mentioned that before the economy stabilizes, the market will always stand on the side of “stable growth”, and there is still room for the value sector (infrastructure chain + undervalued value). In addition to the order data counted in our previous report, the latest annual report performance forecast further confirms the warming trend of “infrastructure chain”. The three rounds of infrastructure construction bank in history show that the market of infrastructure chain will not end until the economy really bottoms out and picks up. Undervaluation repair starts when the differentiation between high and low valuations reaches the quantile line of 80%, and the market will end when it is generally reduced to 60%. The interest rate cut further catalyzes the undervalued market. At present, the degree of differentiation has been reduced to 70%, and the depression has not been filled up. Pay close attention to the pre holiday configuration window period, and the new and old infrastructure + undervalued value (“bank land insurance + coal”) still has configuration value.
In addition, Founder Securities Co.Ltd(601901) combs the market characteristics before and after the Spring Festival. First, the Spring Festival effect of A-share market is significant, the market rise probability before and after the festival is high, and the Spring Festival red envelope of A-share market in the past ten years has the characteristics of significant low risk and high return. Second, in contrast, the Shenzhen Composite Index and gem index perform better than the Shanghai Composite Index, and the small and medium-sized stock indexes such as China Securities 500 and China Securities 1000 are better than the heavyweight indexes such as Shanghai Securities 50 and Shanghai and Shenzhen 300. Third, from the performance of various industries, Shenwan’s primary industries generally closed up around the Spring Festival, and nonferrous metals, electronics, computers and other sectors performed relatively well. Fourth, from the performance of each style index, the main style indexes also have a high probability of closing and rising before and after the Spring Festival, and the style of high price earnings ratio is better than low price earnings ratio, the style of high price stocks is better than low price stocks, and the style of low loss and low profit stocks is better than blue chip stocks.
