The two cities dived in the afternoon, the three major indices turned green, and the CSI 1000 index fell more than 1 per cent. The game plate pulled up in the afternoon, and Shengtian online 20CM rose by the daily limit; auto parts stocks continued to differentiate, and Huguang shares hit 8 consecutive boards in intraday trading, and then fell sharply; the military industrial plate continued to decline, and Star Technology and Donghua Test fell by more than 10%. Consumer sectors such as spirits, household appliances and pharmaceuticals were strong throughout the day, with registered new shares leading the decline, with more than 10 shares falling more than 10%. Individual stocks fell, nearly 3200 shares were green, and the turnover on the Shanghai and Shenzhen stock markets exceeded trillion yuan for the 18th consecutive trading day. On the disk, spirits, small household appliances, cloud games, CRO and other plates rose in the forefront, while secondary new stocks, national defense and military industry, salt lake lithium extraction, fluorine chemicals and other plates led the decline. By the close, the Prev index was down 0.33%, the Shenzhen index was down 0.15%, and the gem index was down 0.24%. Northbound funds bought more than 4 billion yuan net throughout the day, a net purchase for four consecutive days.
For the future market trend, institutions have expressed their views.
Haitong Securities pointed out that in the short term, policy expectations and price changes will dominate the performance of the market as a whole and structure. from the recent rapid price rise, it is not difficult to see that the increase in raw material costs has forced commodity prices to rise, from soy sauce vinegar to fish ball mustard, quite a prairie fire. This price rise is transmitted from PPI to CPI, while the rise in raw material costs generally lags 1 or 2 quarters behind product price increases. When the upstream raw materials are transmitted to the downstream, the enterprises with the ability to transmit prices to the downstream will have more profits, with the PPI expected to peak and fall in the fourth quarter, the pressure on corporate costs will drop sharply, and corporate profits will improve, and it is expected that the consumer sector will bring better investment opportunities. The Beijing Stock Exchange officially opened the board, and all the 10 new stocks listed rose sharply, bringing good investment returns to the new investors. taking advantage of the policy, it is suggested that investors can properly participate in the new third board at the present stage, but they should not hit the new market blindly. High-quality enterprises with low price-to-earnings ratio are selected to participate.
China International Capital Corporation pointed out that in the future, policy expectations may still be the key factor affecting the market, the intensity of stable growth in the short term may not be significant, and the short-term path of the market may still have twists and turns, but there is no need to be overly pessimistic. since the end of September, the policy has been gradually changing in the direction of "stabilizing growth and protecting people's livelihood." from now to the first quarter of next year, it may be an important observation window for policy efforts. The index may also perform after steady growth. In terms of configuration, the direction of short-term steady growth may bring phased opportunities, and gradually pay attention to the expected improvement of manufacturing and consumption in the middle and lower reaches brought about by the relief of upstream price pressure. In the medium term, a growing style may still be an important direction.
Citic Construction Investment News pointed out that the liquidity of the stock market will still support the excellent performance of the market in 2022. China's economy is running smoothly and liquidity remains neutral and loose. On the whole, the performance of the market is similar to that of the market in 2021, showing a pattern of wide volatility. Industries with excellent economic performance will perform well. In the analysis of economic contradictions, we pointed out that clean energy such as Electroweb investment, energy storage investment, photovoltaic and wind power is the first main line; common prosperity directions such as innovative pharmaceuticals, home appliance furniture, and real estate returning to manufacturing are the second main line; and high-end equipment manufacturing industries, such as national defense and military industry, industrial mother machine, and new energy automobile industry chain, are the third main line in 2022. In terms of market style, both blue chip and growth stocks will perform well in 2022.
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