SMM4 22: the three indices opened low, after the opening of the index overall shock pull up, the three major indexes have 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, afternoon, the three major indices continued to pull up, on the disk, the ship system, digital currency plate strong, near the end of the day, the deep index rose more than 1%. On the whole, the stocks of the two cities rose and fell less, the market atmosphere continued to improve, and the money-making effect was better.
As of today's close, the Shanghai index was up 0.60 per cent at 2843.98 points, with a turnover of 232.797 billion yuan; the Shenzhen Composite Index was up 1.05 per cent at 10617.19 points, with a turnover of 373.179 billion yuan; and the Swift Index was up 10.95 per cent at 2043.17 points.
Plates and individual stocks
The Ministry of Agriculture and villages said on the 21st that it is expected that major diseases and insect pests such as wheat stripe rust, scab and meadow night moth will show a heavy occurrence trend this year, and that it is necessary to base themselves on disaster resistance and seize a bumper harvest, focusing on the implementation of five measures, including promoting classification and regional management of diseases and insect pests. Yang Tianming of Huatai Securities pointed out that pesticides will be widely used in the short term and are expected to achieve better prevention and control results this year, but in the long run, the establishment of a long-term prevention and control mechanism may require the help of genetically modified genes. Fengle seed industry, Tsuen silver high-tech, Batian shares, Wanxiangdenong, Dabinong, Denghai seed industry rose by the limit.
Net inflow of major funds into the top 10 today
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.
Agricultural planting plate broke out in the afternoon, black sesame, Tsuen silver high-tech limit, agricultural development seed industry, northern famine and so on.
Airport shipping plate change pull up, Citic Hai straight up more than 4%, Air China, Spring and Autumn Airlines, Baiyun Airport, Southern Airlines and so on.
The digital currency plate pulled up and strengthened, Radio and Television Express rose by the limit, Hailian Jinhui, Langke Science and Technology, Zhejiang number Culture, Julong shares, and so on.
China Shipping sector quickly pulled up, China Shipping Technology straight up 5%, China Shipping Technology, China Power, long Ocean, China heavy Industry and so on.
[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)
[state Administration of Taxation: 750000 "Silver tax Interactive" loans have been issued in the first quarter of this year.]
At a news conference on the joint prevention and control mechanism of the State Council held this afternoon, Han Guorong, deputy director of the tax Service Department of the State Administration of Taxation, said that in the first quarter of this year, 750000 "silver tax interactive" loans were issued, more than half of the number in 2019. More and more small and micro enterprises have benefited from it.
[China Steel Association called for the prevention of blind and massive new production capacity in the first quarter.] as of early March, China Steel Association monitored stocks of 21.41 million tons of steel mills and 20.21 million tons of five kinds of steel in 20 cities, all exceeding the historical peak. Sinosteel said that after supply-side structural reforms in recent years, the anti-risk ability of the iron and steel industry has improved. However, the results of iron and steel production capacity are not yet firm, and the task of deepening supply-side structural reform is still very urgent. It is necessary to continue to maintain the high-pressure situation of cracking down on all kinds of illegal and new production capacity, and actively cooperate with the work of reporting and verification. Make scientific decisions on the direction of investment, prevent blindly building new steel production capacity on a large scale, and guard against the risk of serious overcapacity again.
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.
Societe Generale Securities said that in the second quarter A shares and Hong Kong stocks are expected to usher in the upsurge. In the medium to long term, the core assets of A shares and Hong Kong stocks are falling more and more valuable. Specific reasons: first, U. S. stocks are the leader of this round of global market rebound, but it is already expensive, the next few months is the probability of interval volatility, individual stock differentiation. Second, the time window for the global rebound is not over, cost-effective emerging markets will be sought after, and A shares and Hong Kong stocks will have the opportunity to make up for the resonance of domestic and foreign capital. At present, whether horizontal or vertical, the valuations of A shares and Hong Kong stocks are more cost-effective in the world. Third, the catalyst for the climax of China's asset replenishment has been the increase in China's economic stimulus policies and the policy honeymoon. Fourth, the second quarter can refer to the March to May 2014 market-the economic downturn, low improvement in financial data, policy mix boxing plus code, the stock market is expected to have a monthly rebound.
Tianfeng Securities believes that the current rebound is a pulse, or a phased rebound, rather than a new high and achieved overnight, the overall pattern or interval oscillation. At present, incremental information (Q1 economic data, Politburo meetings) does not change our judgment of the market pattern, nor does it enter new variables into our framework. Looking ahead, there are two situations in which input variables may be formed into the framework. The first is that there will be relatively big changes in the "two sessions" in mid-May. For example, the intensity of policy stimulus, including the intensity of the policy landing, is far greater than the current judgment. The second is that the overseas epidemic is under control very quickly, and the recovery of overall economic activity abroad has exceeded expectations. If these two change, the judgment will be adjusted accordingly.
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