[stock market afternoon review] the index of the two markets continued to fall, the Prev fell 1.31%, and individual stocks in the two cities fell.

SMM5 March 22: the two cities opened low, and the indexes fell one after another after the opening. The three major A-share indexes all fell more than 1%. On the market, liquor stocks fell unilaterally, semiconductor stocks rose, and individual stocks in the two cities fell more than they rose, and the money-making effect was poor. Near the close of trading in the morning, the index continued to decline, the index fell nearly 2%, the concept of market theme was depressed, the bullish atmosphere of the market was poor, individual stocks fell more and rose less, and the money-making effect was weak. By the close of trading in the morning, the Prev index was down 1.31% at 2830.45 points; the Shenzhen Composite Index was down 1.61% at 10671.21 points; and the Chuang Seng Index was down 1.90% at 2059.45 points.

Review of changes

Agricultural planting plate opened weak, fragrant pear shares fell 8%, Jinjian rice industry, new agricultural development, Tsuen Yin Hi-Tech and so on fell.

The concept of liquor is weakening, Shanxi Fenjiu is down 3%, Kouzi cellar, Luzhou laojiao, Shiyuan and so on are down 2%.

Semiconductors and components plate straight up, Taiwan shares, Runxin technology limit, Tianjin Pulin, World Games circuit and so on rose.

Agricultural planting plate rebounded, the new race shares rose more than 5%, Honghui fruits and vegetables, snow banyan biology, Longping Hi-Tech, Su Ken Nongfa and so on rose.

Satellite navigation pull up strong, Zhonghai up the limit, Huashan navigation, aerospace grand plan, the Big Dipper, and so on with the rise.

The three major indices collectively fell more than 1%, the Prev index fell more than 1.1%, and the gem index and Shenzhen Composite Index fell more than 1.2%.

Message surface

[government work report: strengthening New Infrastructure Construction]

According to the government work report, we will strengthen the construction of new infrastructure, develop a new generation of information networks, expand 5G applications, build charging piles, promote new energy vehicles, stimulate new consumer demand, and promote industrial upgrading.

[government work report: prudent monetary policy should be more flexible and appropriate]

Government work report: prudent monetary policy should be more flexible and appropriate. With the comprehensive use of reserve requirement reduction, interest rate reduction, re-lending and other means, the growth rate of broad money supply and the scale of social financing was significantly higher than that of last year. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Innovative monetary policy tools with direct access to the real economy must make it easier for enterprises to obtain loans and keep interest rates down.

[FTSE Russell: increase the inclusion factor of A shares to 25% for the publication of semi-annual index review results]

FTSE Russell will release the results of the semi-annual index review today, raising the A-share inclusion factor to 25% from the current 17.5%.

Institutional point of view

Hualong Securities said that technically, the index is still in the 2850 2900 range shock consolidation, 2900 points around the volume rose at the beginning of the year when the dense trading area, the upper set of fastening plate pressure, it takes time to shock consolidation, digest floating chips. In the short term, we will focus on the support strength of the 2850 belt. On the whole, during the meeting, the market wait-and-see mood is stronger, the capital is also more cautious, the hot spots are scattered, and the rotation of the plate is accelerated. In the absence of hot spots to drive market sentiment and the lack of volume coordination, the market is still dominated by structural quotations. In operation, radical investors lower their expectations and participate in ultra-short-term participation. Focus on the positive signals released during the blockbuster meeting to capture the trading opportunities of relevant sectors and individual stocks; sound investors look more and less move, heavy positions are safe for high prices, and gradually reduce their positions, you can choose the opportunity to pay attention to the policy-related hot plate ETF.

The Yangtze River strategy said that during the period of outbreak and relief of the domestic epidemic, the capital flow of most industries northward remained unchanged and continued to flow significantly into medicine, computers and electrical equipment. During the overseas epidemic, the capital flow of various industries northward almost reversed. In addition, combined with the correlation between the proportion of northward capital holdings and the rise and fall of individual stocks, we may be able to see that northward funds continue to have a high preference for food and beverage, medicine and other sectors.

Caixin Securities said that US stocks continue to fluctuate, A-share confidence is unstable, the index continues to fluctuate, there is a lot of pressure in the region above 2900 points, and the market wait-and-see mood is heavier. If trading volume does not match the rebound volume of the index, the market trend is still not solid enough. The rotation of the market plate is more scattered, technology stocks are lack of upward motivation under the influence of overseas, counter-cyclical stimulation related sectors are also in the wait-and-see policy stage, compared to the higher performance certainty of food and beverage, medical biology is more favored by the market. From a configuration point of view, it is suggested that in the short and medium term, from the perspective of the marginal layout of safety, domestic demand can still be given priority to, and the logic includes counter-cyclical stimulus policies and consumer compensation, industries including medicine and biology, construction materials, electrical equipment, and construction machinery, as well as aviation and airports that are expected to be repaired with the recovery of the epidemic, the required consumption is currently highly valued, and you can pay attention to the individual stock opportunities of cars and household appliances in optional consumption. The logic of the medium-and long-term technology growth plate is more smooth, and there are opportunities worth paying attention to on the left and right sides of more stocks, including new energy, 5G, communications, media and so on.

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