SMM3, March 4: three major indexes opened lower in morning trading, after the opening, the index shock pulled up, the three major indexes rose one after another, the Internet celebrity economic plate changed and pulled up, the index shock rose again, near the end of the morning, the index maintained a concussive trend, on the whole, the stocks in the two markets rose and fell, and in the afternoon, the index concussion weakened, the index fell to 2% at one point, near the end of the day, the index fell narrowed, the Prev index turned red, and on the market, Securities plate change pull up. On the whole, the stocks of the two cities rose and fell less, the market atmosphere warmed up, and the money-making effect was better.
By the end of the day, the Shanghai index was 3011.67, up 0.63 per cent, with a turnover of 389.894 billion yuan; the Shencheng index was 114493.02 points, up 0.08 per cent, with a turnover of 602.117 billion yuan; and the Sang Seng Index was at 2169.44 points, down 0.18 per cent.
Plates and individual stocks
On the news, on Tuesday (March 3), the Federal Reserve announced an emergency rate cut of 50 basis points, the three major indices of U. S. stocks were stimulated slightly higher and quickly fell back, the market heightened risk aversion. The dollar weakened after the interest rate cut, stimulating gold prices to rise. COMEX gold futures rose 2.93% to $1641.6 an ounce on Tuesday. Anzhong shares rose by the limit, Yintai Gold, Yuancheng Gold, Hengbang shares, Shandong Gold, China Resources and other collective rose.
The main capital inflow into the top 10 today
Abnormal review
Gold concept opened actively, saddle heavy shares rose by the limit, Yintai gold, Ronghua industry, Chifeng gold and so on.
Dye plate pulled up, Jihua Group rose more than 7%, leap earth shares, Jianxin shares, Zhejiang Longsheng, Anoqi and other collective rise.
Semiconductor and component plate weakened, copper peak electronics fell 7%, Zhaoyi innovation, crystal square technology, Jie micro electric fell more than 5%.
Cement plate change pull up, Ningbo Fidelity rose by the limit, Jinyuan shares, Huaxin cement, Yatai Group rose slightly.
Securities plate continued to pull up, Northeast Securities rose 5%, Nanjing Securities, Guoyuan Securities, founder Securities, Hongta Securities and so on.
Dye plate continued to strengthen, Jihua Group, Jianxin shares, Jinji shares rose one after another, leap earth shares, Zhejiang Longsheng, Yayun shares rose 7%.
Internet celebrity economic plate strong, new culture, Saturday, Guangzhou natural selection has risen by the limit, Liang technology, Yuanlong Yattle, gravity media, sunrise east and so on.
Securities plate continued to strengthen, Nanjing Securities rose 8%, Northeast Securities, Hongta Securities, Guoyuan Securities, Hua'an Securities and so on.
Port shipping plate change pull up, Jinzhou port rose more than 8%, Nanjing port, Chongqing port nine, investment ships, COSCO sea control and so on.
Real estate development plate strong, Tianfang development, Lu Shang development, Zhongjiao real estate and other collective seal board, Jinke shares, Jindi Group and so on.
Semiconductor and component plate continued to fall, Zhaoyi innovation fell to the limit, NTU optoelectronics, Jingfang technology close to the limit, Beijing Jun is down more than 8%.
Steel plate slightly pulled up, three steel Minguang rose more than 5%, Wujin stainless steel, Bayi iron and steel, Valin iron and steel, Anyang iron and steel and so on.
Mask plate quickly weakened, Qixin Group fell more than 7%, Yuyue Medical, Wan Bond, Rongjie Health, Lance Technology and so on.
Cement plate continued to pull up, Sichuan Jinding impact limit, Shangfeng cement, Qingsong Jianhua, Fujian cement and so on.
The securities plate strengthened in the afternoon, Nanjing Securities rose by the limit, Hongta Securities rose more than 7%, Northeast Securities, Caitong Securities, Guoyuan Securities, Hua'an Securities and so on rose.
Message surface
[Powell: the interest rate cut is to help the U. S. economy stay strong in the midst of a crisis]
The Fed cut its benchmark interest rate by 50 basis points because of the changing risk posed by the virus. Powell said the interest rate cut was designed to help the U. S. economy remain strong during the crisis, with steady job growth and rising wages. At the last meeting, the growth outlook remained good. The outbreak of the new crown virus has disrupted the economies of many countries. The Federal Open Market Committee (FOMC) (FOMC) judged that risk had substantially changed the outlook.
[a total of 49856 new confirmed cases of coronavirus have been cured and discharged from hospital]
According to a report from the National Health and Health Commission on March 4, from 0 to 24:00 on March 3, 31 provinces (autonomous regions, municipalities directly under the Central Government) and the Xinjiang production and Construction Corps reported 119 new confirmed cases of coronavirus, 38 new deaths (37 in Hubei and 1 in Inner Mongolia) and 143 new suspected cases.
[state Integrated Circuit Industry Investment Fund again 240 million to invest in Guangzhou Xinke Semiconductor Company]
Tianyan check data show that recently, the National Integrated Circuit Industry Investment Fund Co., Ltd. newly invested 240 million yuan, holding 24% of the shares, and participated in the establishment of Guangzhou Xinke Semiconductor Co., Ltd. Guangzhou Xingke Semiconductor Co., Ltd. was established on February 24, 2020, the scope of business includes integrated circuit packaging product design, integrated circuit packaging product manufacturing, electronic components and components manufacturing. Tianyan check shareholder information shows that the company's largest shareholder is the A-share listed company Xingsen Technology operator Xingsen Express Circuit, holding 41% of the shares.
[Ministry of Industry and Information Technology: the operating rate of the main production bases of 16 key vehicle groups has reached 84.1%]
As of 24:00 on March 3, the operating rate of the main production bases of the 16 key vehicle groups has reached 84.1%, and the staff reinstatement rate has reached 66.5%. In addition to the key epidemic areas, the automobile industry enterprises have basically resumed work and production. Eleven key enterprises of negative pressure ambulances across the country have organized the production of 1847 negative pressure ambulances, which have arrived in Hubei Province, all of which have been put into use in the first line of the fight against the epidemic. (Ministry of Industry and Information Technology website)
[central bank: prudent monetary policy pays more attention to flexibility, moderation, reasonable liquidity and abundance]
On March 3, the people's Bank of China, together with the Ministry of Finance and the Banking and Insurance Regulatory Commission, held a forum and teleconference on financial support for epidemic prevention and control and economic and social development. The meeting stressed that prudent monetary policy should pay more attention to flexibility and moderation, maintain reasonable and abundant liquidity, improve the macro-prudential evaluation system, and unleash the potential for LPR reform.
Institutional point of view
Guosheng Securities said that trading volume in Shanghai and Shenzhen has broken through trillion for 10 consecutive trading days, and generally speaking, the market still has an upward foundation and driving force, whether it is the current dominant infrastructure (new infrastructure + old infrastructure) or the concept of large consumption that may have a greater negative impact, as well as non-bank finance, which has been stagnant. From a medium-term point of view, it is an opportunity to swap positions and shares based on fundamental changes. Operationally, with the two main lines of infrastructure + consumption, short-term avoidance of science and technology, focus on counter-cyclical adjustment of infrastructure (construction + building materials + steel + coal), pay attention to such as non-bank finance (brokerage) + negative impact of consumer leaders (liquor + innovative drugs + express + cars + airport + aviation + media); annual report reveals high ROE cash cow stocks such as energy; growth science and technology superimposed with new infrastructure 5G, etc.
Citic Securities pointed out that the market in March will enter the best allocation time for the year. The first is that the global capital market has been fully adjusted; the second is that the domestic economy has entered a period of rapid recovery, the policy layer has increased, and the resumption of production has begun to accelerate the climb, which is expected to be close to the normal level in April. For the A-share market, technology stocks will enter the performance and valuation calibration period, individual stocks will be divided, high-quality technology white horse will eventually win.
Galaxy Securities pointed out that short-term liquor, real estate and other traditional industries may strengthen in stages, suggesting to avoid rising too fast and overvalued technology companies. In the medium to long term, the logic of the strength of gem and technology stocks has not been destroyed. It is suggested that 5G construction and application, semiconductors, new energy vehicles, innovative pharmaceutical equipment, high-end manufacturing and other growth topics should be allocated preferably during the adjustment period, such as the resonance between science and technology industry cycle and financial policy cycle, semiconductors, new energy vehicles, innovative pharmaceutical equipment, high-end manufacturing and so on.
Bohai Securities believes that, with 5G as a clue to the large science and technology plate and new energy vehicle industry chain has achieved a large increase, but because the development prospects of the two main lines have not changed, if adjusted, the allocation can still be increased. In addition, it is suggested to pay attention to the infrastructure and real estate sector.
Wang Bo, director of the Central Plains Securities Research Institute, said that for China, the Fed interest rate cut has been within market expectations, the Chinese economy has its own independence, so the impact of the rate cut on A shares is short-lived. At the same time, if the global interest rate cut tide is triggered, it will be good for the monetary policy environment. In the context of the economic downturn in the first quarter, the central bank may have more room to cut interest rates. In this sense, it has a good effect on A shares in the medium to long term. "the epidemic will continue to affect market sentiment in the short term, investment preferences may also be hit by risk aversion, the Fed interest rate cut has a neutral signal value, we expect that both economic fundamentals and policy strength have room to be good for A shares."
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