SMM4 month 10: the opening of the three major indices varied, after the opening of the index quickly weakened, and then began to pick up, Prev, Shenzhen Composite Index strong turn red, on the disk, titanium bai powder plate active. Near the end of the morning, the index weakened again, the index fell more than 1.5%, the RCS plate continued to open. On the whole, technology stocks are collectively weaker, individual stocks in the two cities are falling, the overall market atmosphere is cold, and the money-making effect is poor. By the end of the morning, the Shanghai index was down 0.65% at 2807.64 points, the Shenzhen Composite Index at 10362.36 points, down 0.96%, and the Chuang Index at 1961.09 points, down 1.81%.
Abnormal review
RCS concept continues to open, Wu Tong Holdings, Hailian Jinhui, Dreamnet Group, Zhongjia Bochuang, China Taiyue, Huangshi Group opened the collective limit.
Land circulation plate strengthened, Yongan forestry, Beijing Investment development limit, Yatong shares, Chinese enterprises, Shangshi development with the rise.
Titanium bai powder plate change pull up, Anada rose, nuclear titanium dioxide, Jinpu titanium industry, dragon python Clark, Tianyuan Group rose.
The concept of liquor rose steadily, Shunxin agriculture, Yanghe shares, Gujing tribute wine rose 3%, this world margin, Wuliangye rose.
Securities plate rebound pulled up, Huaxin shares rose more than%, Everbright Securities, Oriental Wealth, Guohai Securities, Zhejiang Securities and other small gains.
Photoresist plate fell sharply, strong new materials fell 7%, Rongda photosensitive, Jingrui shares, Feikai materials, NTU Optoelectronics, Jacques science and technology have weakened.
Real estate stocks change, southern home ownership pull up the seal, the country to create high-tech, Dalong real estate, Chinese real estate, Tianfang development and other rapid rise.
Defense industry plate change pull up, soldiers red arrow rose by 5%, Hongdu aviation rose 5%, sub-star anchor chain, Great Wall military industry, Elada, AVIC Hi-Tech and so on.
Message surface
[for the first time, the central government has made clear with important documents: perfecting the basic system of the stock market and guiding cash dividends to look at the top ten key points.]
The opinions of the CPC Central Committee and the State Council on the Construction of a more perfect system and Mechanism for Market-oriented allocation of factors ("opinions") were officially announced on April 9. This is the first document of the central government on the market-oriented allocation of factors. It is mentioned that it is necessary to promote the market-oriented allocation of capital elements, including perfecting the basic system of the stock market, speeding up the development of the bond market, and increasing the supply of effective financial services. Take the initiative to expand the opening up of the financial industry to the outside world in an orderly manner.
[OPEC meeting ends bungee jumping in oil prices without agreement]
In the early hours of Friday morning Beijing time, after seven hours of marathon negotiations, an emergency meeting of OPEC and oil-producing countries finally announced a new draft production reduction agreement. However, as differences remain among some oil-producing countries, OPEC representatives announced that they would resume negotiations on Friday, while the next OPEC + meeting will be held on June 10 this year. Affected by the news of the OPEC + negotiations, the two oils fluctuated overnight. The United States and Budd Oil once soared at the beginning of the negotiations, but as the negotiations continued to deepen, uncertainty increased, and there were doubts about the intensity of production cuts and attitudes of all parties, oil prices plummeted at the end of the session.
[Ying Yong, secretary of the Hubei Provincial CPC Committee: relevant central and state ministries and commissions will issue a package of special support policies to support Hubei's recovery after the epidemic]
On the 9th, Hubei Province held a meeting of the leading Group on promoting the Development of the Private economy and a forum on private enterprises throughout the province to listen to the opinions and suggestions of private entrepreneurs on epidemic prevention and control and recovery after the epidemic, and study and promote the development of the private economy and private enterprises. Ying Yong, secretary of the Hubei Provincial CPC Committee, pointed out that the development of private enterprises in Hubei Province is facing difficulties and challenges for the time being, but at the same time, it should also be noted that the development of the private economy is facing favorable opportunities for the "convergence of the three phases." The first is the period of consolidation of the achievements of the war "epidemic"; the second is the period of sustained release of kinetic energy; and the third is the window period of policy opportunities. Relevant central and state ministries and commissions will issue a package of special support policies to support the recovery of Hubei after the epidemic.
Institutional point of view
Everbright Securities said that the valuation of A shares is relatively reasonable, the proposed value of long-term investment funds to buy, for short-term investors, is also expected to usher in the right allocation opportunity. The specific allocation pays attention to four main lines: first, investment and automobile are relatively reliable hands for steady growth, and it is suggested that attention should be paid to the areas of pure domestic demand, such as new and old infrastructure, cars and real estate; second, if there is shock in the second quarter of the European and American economies, from the perspective of supply chain, pay attention to the possibility of filling vacancies in the fields of automobile and other transportation equipment, chemical and chemical industry, medical and medical equipment, aerospace and agricultural products. Third, with the gradual end of the second half of the panic in US stocks, the consumption-oriented value stocks sold by foreign investors have the opportunity to overfall and rebound; fourth, in the shock period before all kinds of variables have been cashed, it is suggested that low-risk investors pay attention to high dividend targets.
Galaxy Securities: yesterday A shares shock consolidation, transaction volume remained low. Recently, the peripheral stock market has continued to rebound, which has played a supporting role in the A-share market. It should be noted that the adjustment pressure faced by the peripheral stock market is gradually accumulating, and the number of new cases remains high after the growth rate of the overseas epidemic is controlled. The spread of the overseas epidemic seems to have a normal trend, which may have a phased impact on the A-share market. At present, the signal of China's policy is clear, the economy is gradually resuming production, and in the low position of the market, we are still optimistic about the medium-and long-term position-building opportunities brought about by the pullback of shocks in the
For investors with lighter positions, they can buy varieties with "higher margin of safety" on the low side, overcome the psychology of excessive panic, and participate in the rebound; for institutional investors with heavy positions and high requirements for risk control, it is necessary to guard against the risk of being caught off guard by the epidemic situation exceeding expectations and performance exceeding expectations. When the uncertainty of the epidemic is high, controlling the position is the best policy.
Northeast Securities: recently, the A-share market has shown great resilience and independence, that is, the outer market is more resistant to decline when it falls, and the increase is significantly lower when the outer market rises. Trading volume in the two cities shrank, hesitant, A-share investors are still waiting. On the one hand, the technocrats are waiting for the surge of the index to step back, because according to the technical calculation, it is a slightly better neutral position for the rebound of the B wave near 2850 points, and down to fill the gap and step back on the 20-day moving average, that is, 2780 points. Therefore, the odds are not high, the willingness of trading investors to take the initiative to attack is not strong, more is the stock game. On the other hand, the global epidemic is still uncertain, and the market is making a deeper understanding of "adhering to the bottom line thinking and preparing for a longer period of time to deal with changes in the external environment," so the transaction is relatively conservative.
Therefore, maintain the early thinking: the short-term market belongs to the B wave repair after the sharp fall, belongs to the technical construction shock center. Taking into account the shrinking trading volume and the independence of the A-share market, so the operation is still to control the position, rolling operation, not rash, to prevent the risk of filling the gap. Plate aspect, take the stock game, the mainstream hot spot repeatedly rotates as the train of thought. At present, the mainstream hot spots are concentrated in precious metals, military industry, medical treatment, semiconductors, 5G information services, UHV, mechanical building materials faucets and so on.
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