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[stock market review] the index of the two cities rose and fell. The index fell 0.38%. Agricultural planting strengthened.
Apr 22,2020 11:57CST
translation
Source:SMM
The three major indexes opened low, the overall volatility of the index rose after the opening, the three major indexes successively turned red, on the disk, technology stocks warmed up, near the end of the morning, the index began to weaken, the three major indexes turned green again, on the whole, stocks in the two cities fell more or less, and the money-making effect declined as a whole. By the end of the morning, the Shanghai index was down 0.16 per cent at 2822.57 points, the Shenzhen Composite Index at 10495.06 points, down 0.11 per cent, and the Chuang Index at 2016.22 points, down 0.38 per cent.
The content below was translated by Tencent automatically for reference.

SMM4 22: three major indexes opened low, after the opening of the index overall shock pull up, the three major indexes successively turned red, on the disk, technology stocks warmed up, near the morning close, the index began to weaken, the three major indexes turned green again, on the whole, the two cities stocks fell more or less, the money-making effect has declined as a whole. By the end of the morning, the Shanghai index was down 0.16 per cent at 2822.57 points, the Shenzhen Composite Index at 10495.06 points, down 0.11 per cent, and the Chuang Index at 2016.22 points, down 0.38 per cent.

Abnormal review

The concept of digital currency led the way, Huijin shares fell more than 8%, Hailian Jinhui, Hanye shares, Fei Tianxin, Julong shares fell one after another.

Glyphosate concept is active, red sun once rose more than 8%, evergreen shares, Andorra A, Jiangshan shares and so on.

Semiconductor and component plate change pull up, Kangqiang Electronics straight up, Taijing Technology, Dongjing Electronics, Broadcom Integration, NTU Optoelectronics and so on.

Liquor concept change pull up, Guizhou Maotai rose more than 2%, alcoholic wine, Shanxi Fenjiu, Shunxin agriculture, Shuijingfang rose slightly.

Photoresist plate higher, Tongyi shares rose by the limit, Rongda photosensitive, Jie micro electric, Feikai materials rose more than 3%.

Artificial meat plate change pull up, double tower food limit, Fengle seed industry up 8%, gold word ham, Angel yeast, Dabei Nong, Laiyi and so on.

UHV plate strengthened again, Guodian Nanzi, Tianwo science and technology rose by the limit, Sifang shares, smart energy rose.

Coal mining and processing plate changes, Shanxi coking up 7%, mountain coal international, Xishan coal power, Baotailong, Zhengzhou coal power and so on.

Agricultural planting plate pulled up and strengthened, Dabei Nong rose more than 8%, Wanxiang Denong, Quan Yin Hi-Tech, Yasheng Group rose one after another.

Message surface

[Huang Hong, vice chairman of the Banking and Insurance Regulatory Commission: loans for inclusive small and micro enterprises increased by 25.93% year on year at the end of the first quarter]

Huang Hong, vice chairman of the Banking and Insurance Regulatory Commission: loans for GSP small and micro enterprises increased by 25.93% at the end of the first quarter compared with the same period last year, and the interest rate on new GSP loans issued by five large banks was 4.3%, a further drop of 0.3 percentage points on the basis of 2019.

[bancassurance Regulatory Commission: "Housing loan" loans should be resolutely corrected if they flow to the real estate market]

In response to the question of "housing credit" in Shenzhen at a press conference on the operation and development of the banking and insurance industry in the first quarter, Xiao Yuanenterprise, chief risk officer and spokesman of the Banking and Insurance Regulatory Commission, said that if loans applied for through real estate mortgages, whether mortgages or operating loans, banks are required to monitor the flow of funds to ensure that the funds flow to the target at the time of application, if the flow to the real estate market should be resolutely corrected. [British government: decision to allow Huawei to participate in 5G network construction is firm]

The British government is firm in its decision to allow Chinese Huawei to participate in the construction of a 5G network in the UK, Simon Macdonald, permanent deputy secretary of the British Foreign Office, was quoted as saying on the 21st. (CCTV News)

Institutional point of view

Amxin strategy believes that although the short-term market after a certain rise will inevitably have some repetition, but we firmly believe that support A shares medium-term upward economic transformation and asset allocation logic has not changed, we expect A shares will still benefit from liquidity, earnings and risk preference of the continued marginal improvement, showing a volatile upward trend, the configuration of the recommended consumption bottom, technology is still the main line of flexible attack. Recently, the industry focuses on: new energy vehicles, computers, the Internet, electronics, communications, military, pharmaceutical, brokerage, etc., the theme focuses on the revitalization of Hubei and so on.

Hualong Securities said that the high probability of the second quarter will continue to be dominated by structural opportunities, the market will be more focused on thematic opportunities, and the new economy and technology represented by new infrastructure will continue to be supported by policies and remain the focus of market attention. But in terms of valuation and earnings expectations, industries that have been less affected or have recovered strongly after the outbreak are also worthy of attention.

The Zhongyuan Securities Strategy study said that the economic and profit data for the first quarter of this year had bottomed out, and the second quarter focused on domestic demand. Due to the sharp decline, the prevention and control effectiveness of the domestic epidemic was better and the fat tail effect after the overseas inflection point. The trend of A shares and overseas stock markets is expected to gradually diverge. As property sales pick up, production of flat glass, cement, excavators, steel and downstream home appliances and cars in the upper reaches has rebounded, helping related industries to make up for increases, while liquidity remains reasonably plentiful. A rebound in risk appetite could prompt technology growth stocks, which are less affected by the overseas epidemic, to run out of excess returns again.

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