[stock market midday review] the two stock indexes fluctuated and consolidated the Shanghai index fell 0.6%. The agricultural sector performed brightly.

SMM3 26: the two cities opened low, after the opening of the index fell, the three major indexes fell more than 1%, then the market shock rose, the three major indexes have turned red, agricultural planting plate is relatively strong. Near the end of the morning, the index fell again, the three major stock indexes turned green again, consumer stocks were active. In the afternoon, the concussion of the two cities fell back, on the disk, medical devices, food consumption plate change pull up, on the whole, the two cities stocks fell more or less, capital wait-and-see mood is strong, the money effect is also correspondingly poor.

As of the close, the Shanghai index was at 2764.91 points, down 0.6 per cent, with a turnover of 248.28 billion yuan; the Shenzhen Composite Index was at 10155.36 points, down 0.84 per cent, with a turnover of 394.187 billion yuan; and the gem index was at 1927.28 points, down 0.55 per cent.

Plates and individual stocks

In terms of information, the Ministry of Agriculture and villages sent working groups to Henan, Chongqing, Sichuan, Guizhou, Shaanxi and other five provinces (cities) to carry out supervision and investigation, focusing on the investigation and understanding of the occurrence of wheat stripe rust and grassland night moth, supervising and guiding all localities to implement monitoring and control measures. Jinjian rice industry rose by the limit, Fengle seed industry, Yasheng Group, New Agricultural Development, Suken Agricultural Development, Da Bei Nong and so on.

Net inflow of major funds into the top 10 today

Abnormal review

The concept of data center is low and weak, Wanma science and technology is close to falling by the limit, Guangdong Rongtai, science and technology information, Jiaji, Zhongtong Guomai and so on.

Liquor concept change pull up, mouth cellar rose 6%, Shanxi Fenjiu, Shuijingfang, Gujing tribute wine and other small rise.

Influenza plate change pull up, Yiling pharmaceutical industry rose by the limit, Jilin Aodong, Tailong Pharmaceutical Industry, Da'an Gene, Fu'an Pharmaceutical Industry and so on.

Agricultural planting plate quickly pulled up, Jinjian rice industry, Hainan rubber rose 7%, Longping high technology, Tsuen silver high technology, Beidahuang and so on.

The concept of medical devices continued to strengthen, space long peak seal, fish jump medical up more than 8%, Huada Gene, Li Bang Instruments, Anglo Medical and so on.

Hotel and catering plate change pull up, Dadonghai A rose, Jinling hotel turned red, the first travel hotel, Huatian hotel, Quanjude and other decline narrowed.

Hainan plate strengthened, Dadonghai A, Beijing grain holding rose by the limit, Hainan rubber, see sea medical, Hyde shares rose more than 7%.

Glyphosate plate quickly pulled up, red sun rose 6%, Changqing shares, Andorra A, Huifeng shares, Fengle seed industry rose.

Aquaculture plate pulled up, the League of Nations aquatic products, Swertia Island rose more than 7%, the new Wufeng, Great Lakes shares, Huaying agriculture and so on.

Semiconductor and component plate continued to pull up, Starr semiconductors rose by the limit, A Shi Chuang, Rui core rose 6%, Taijing Technology, NTU Optoelectronics, Beijing Junzheng and so on.

Oriental Silver Star fast dive in the afternoon, flash avalanche stop.

Medical device plate rose in the afternoon, Mingde biological rose by the limit, Shangrong medical up 8.39%, Zhende medical up 5.84%, Yangpu medical, Ogilvy and so on rose.

Message surface

[central bank successfully issues RMB 10 billion RMB central bank bills in Hong Kong]

On March 26, 2020, the people's Bank of China successfully issued 10 billion yuan six-month RMB central bank notes in Hong Kong, with a winning interest rate of 2.19 per cent. Against the backdrop of recent volatility in global financial markets, the issuance of RMB central bank notes in Hong Kong is still widely welcomed by foreign investors. Banks, central banks, funds and other institutional investors and a number of international financial organizations in many countries and regions, including the United States, Europe and Asia, actively participated in the subscription, with a total bid of more than 35 billion yuan, 3.5 times the issuance volume. This shows that RMB assets are highly attractive to foreign investors, and also reflects the confidence of global investors to be optimistic about China's economy.

[us Department of Commerce extends public consultation period on Huawei temporary general license]

On March 25, local time, the Department of Commerce's Bureau of Industry and Security announced that it would extend the deadline for public consultation on the extension of Huawei's temporary general license, (TGL), until April 22. Prior to this, the Ministry of Commerce announced that the consultation period was from March 10 to 25. Earlier this month, the Commerce Department extended Huawei's temporary general license until May 15, 2020.

(the US Senate voted to approve the $2 trillion economic bailout package as the largest bailout package in the history of the United States.)

The US Senate already has enough votes to pass the $2 trillion stimulus bill. In response to the epidemic, the US Senate voted overnight on the 25th to approve the US $2 trillion third emergency economic rescue plan, which will be the largest bailout plan in the history of the United States. The bill will be submitted to the House of Representatives for a vote next.

[Ministry of Water Resources: the investment scale of major water conservancy projects in the past three years will exceed trillion]

Shi Chunxian, director of the Planning and Planning Department of the Ministry of Water Resources, said: we have planned in advance a number of relatively important major projects with relatively good preliminary working conditions, with more than 100 projects in the past three years and dozens this year, and the scale of these 100-odd investments will also exceed 1 trillion.

[more than 470000 confirmed cases of new crown pneumonia in the world]

Real-time statistics released by Johns Hopkins University show that there are more than 470000 confirmed cases of new crown pneumonia worldwide, reaching 470973 cases, with a total of 21192 deaths. Among them, the cumulative number of confirmed cases in the United States is 66132.

Institutional point of view

Haitong Securities: affected by the Fed's announcement of unlimited QE this week, US stocks finally stopped a series of collapses, the global liquidity crisis was basically lifted, and we can see the rise in gold, the decline in the dollar index, and the resumption of capital inflows northward. Follow-up overseas epidemic control will still affect the performance of the capital market, and electronics, semiconductors, auto parts and other industries, which account for a relatively high proportion of the global industrial chain, still face short-term uncertainties. On the contrary, the industry sector dominated by domestic demand will be relatively stable. From a technical point of view, the short-term market overfell rebound, there is still upward momentum, the main pressure in the market above 2900 points.

Everbright Securities: yesterday A shares jump high opened after the trend is stable, afternoon three major stock index gains further expanded, the collective stand on the 10-day moving average. Individual stocks showed a general rising pattern, more than 100 shares rose in the two cities, and the trading volume increased. Large open high jump empty, there may be a probability of compensation in the next few days. At the operational level, we can sell high and low suction, and pay attention to new and old infrastructure, cars and real estate in the later stage. From the stimulus consumption policies introduced in many places, we can see that infrastructure investment and cars are relatively reliable hands to start the frozen economy.

Soochow Securities said that because risk aversion or liquidity run is the dominant logic of recent foreign capital outflows, the Federal Reserve has introduced an unlimited easing policy, and gold has stopped falling, which is an important sign of liquidity easing. The northward capital outflow, such as finance, daily consumption information technology, and optional consumption, is the result of indiscriminate selling for liquidity reasons, which also contains the opportunity to make mistakes in sha. After the liquidity crisis is lifted, Investors are expected to buy back assets that deal with liquidity pressures rather than rational selling.

Li Zhan, chief economist of Zhongshan Securities, said that at present, the stock markets in Europe and the United States fluctuate violently, and under the environment of high integration and internationalization of the industrial chain and significant linkage effect of the capital market, compared with the overseas stock market, the overall impact on A shares is relatively limited, and the trend of A shares has a certain independent logic. First of all, A shares are in a relatively low position, and the value depression is obvious; secondly, under the environment of the spread of overseas new crowns and the persistence of panic, the stock indexes of Europe and the United States and other economies have fallen in the form of a "cliff", and the A-share market has only fallen in the form of a weak proportion, showing relatively strong resilience. Finally, China has a complete industrial chain, in the case of the inflection point of the domestic epidemic has come, the economic outlook is relatively clear, the toughness of the stock market has a relatively good fundamental support.

Shanxi Securities believes that the domestic epidemic situation has entered a basically controllable stage, maintaining a stable economy has become a more important proposition at present, and the impact on different industries in this round of epidemic situation is not the same. the process of repair and recovery after the epidemic will also be different, which will directly affect the trend of the rotation of the capital market industry in the next stage, as well as the investment logic and investment theme within each industry.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply to enter the industry exchange group, please scan the code: