概要
[EightpicturesperdayoverviewA-shares:adjustmentswillnothinderthespringmarket!Whowillbecomethenewmainlineafterthehotspotebbs?】HexinInvestmentAdvisorpointedoutthatbehindtheseeminglyactivemarketatmospherethereisactuallyastruggleforshort-termfundsthatcan’tfindafocusThecurrentmoodofthemarketisenoughbutthedirectionisnotclearThecurrentstrategyremainspatientandwaitsforthenewcycle
Today (January 19), the Shanghai and Shenzhen stock markets were in a weak and volatile pattern in the morning. With the fall of financial and heavy stocks in the afternoon, the stock index plunged rapidly and accelerated its downward trend.Shanghai IndexAfter stepping back to near 3550, it was supported, and then maintained a low solid state potential.
As of the close of the Shanghai and Shenzhen stock markets throughout the day, the Shanghai stock index fell 0.83% to close at 3566.38 points;Shenzhen Component IndexFell 1.74%, to close at 15003.99 points;Growth Enterprise Market IndexIt fell 2.05% to close at 3,084.49 points.
From the disk perspective, the plate rotation phenomenon is more obvious, and the overall market sentiment is cautious. Among the industry sectors,Jewelry、Packaging Materials、Tourist HotelIn the concept sector, the horse racing concept, e-cigarette, and rental and sale of the same rights sector performed outstandingly.
Funds, for maintenancebankThe liquidity of the system is reasonable and abundant.interest rateThe bidding method carried out an 80 billion yuan 7-day reverseRepurchaseoperating,Winning bidinterest rate2.2%, the same as last time. In addition, 5 billion yuan of reverse repurchase expires today. Therefore, the central bank realized a net investment of 75 billion yuan in the open market today.
Hot section:
Top ten industry sector gainers (click the picture to see details)
Top ten industry sector decliners (click the picture to see details)
Top ten gainers in the concept sector (click on the picture to see details)
Top ten decliners in the concept sector (click on the picture to see details)
Individual stock monitoring
Main forceNet inflowTop ten (click on the picture to see details)
Top ten main net outflows (click the picture to see details)
Northbound funds
Northbound funds (click on the picture to see details)
Southbound funds
Southbound funds (click on the picture to see details)
News side
1. According to the Securities Times website, in order to improve the Beidou foundation such as chips, modules, antennas, and boardsproductThe State Administration of Market Supervision plans to establish and implement the Beidou basic product certification system and draft the “Implementation Opinions on Carrying out Beidou Basic Product Certification (Draft for Comment)”, which is now open to the public for comments.
2. According to China Business News, the National Development and Reform Commission stated that it will revise and publish the “Negative List of Market Access (2021 Edition)” in 2021, and formulate special measures to relax market access for the Hainan Free Trade Port and Shenzhen Pilot Zone for Socialism with Chinese Characteristics . Promote fair competition, strengthen the rigid constraints of the fair competition review system, eliminate regional division and local protection, and build a unified market.
3. According to CBN news, data from the State-owned Assets Supervision and Administration Commission shows that in 2020, central enterprises will achieve a total revenue of 30.3 trillion yuan, a year-on-year decrease of 2.2%;Net profit1.4 trillion yuan, a year-on-year increase of 2.1%, and nearly 80% of central SOEs’ net profits increased year-on-year.
4. According to the Securities Times website,Hainan RuizepublicNo. released news, the Chinese Equestrian Association Speed Horse Racing Committee is working for the first timemeetingover. The meeting fully discussed and revised the Chinese speed horse racing rules and reached a preliminary consensus. The revised rules will be promulgated as soon as possible after they are confirmed, and will be implemented on a trial basis in 2021. China Speed Horse Racing Technical Standards and China Speed Horse Racing Rules will be promulgated at the same time.Hainan Tourism, Culture, Radio, Film and Sports Department Level 2ResearchChen Qi proposed that horse racingindustryIt should be the combination of “horse racing” and “tourism industry”, clarify the requirements for the number of horses for different events, standardize the events, explore the possibility of combining sports and lottery activities with multiple sports events.
Institutional perspective
Regarding the current market situation, Rongwei Securities said that the market is still structured. The market adjusted positively, and the transaction volume remained above one trillion.Individual stocks in the two cities continue to diverge, and the market is still switching between high and low positions.themeMore scattered. In the early stage, the hot sector gradually ebbs, and low-level and small-cap stocks are active, and the market has a better profitability effect, but the hotspot is not prominent.
Yuanda mentioned that the recent market has continued to fluctuate at a high level. On the one hand, the uncertainty of external factors continues to ferment. On the other hand, the market style is changing at this stage, and the concept of themes has returned. Under the background of sustained economic recovery, it is expected that the market will not turn sharply and will continue to maintain a slow bullish pattern with a general upward trend. At present, the level of funds on the market continues to switch, some low-level stocks are active, and the southward effect of funds is obvious. Pay attention to the risk of shock in short-term operations.
In addition, Hexin Investment Advisor pointed out that behind the seemingly active market atmosphere, there is actually a struggle for short-term funds that can’t find a focus. The current mood of the market is enough, but the direction is not clear. The current strategy remains patient and waits for the new cycle.
Wanhe Securities said that a slight decline in the market would not hinder the spring market. The current overall upward logic remains unchanged.On the one hand, China announced economic data for December, and the economy continues to recover steadily. In 2020, GPD will exceed the 100 trillion mark, marking a new level of China’s economic aggregate. At the same time, the economy will achieve a V-shape in the context of the global epidemic in 2020. The reversal reflects the resilience and resilience of China’s economy, and the overall economic situation remains unchanged. On the other hand, the current market has more discussions about capital clusters. The continuous market is divided. In the game, the upward trend of the index has converged. The trend of market institutionalization is further deepening, and 2020 is a public offeringFund issuanceIn the new year, the issue scale exceeded 3 trillion yuan, of whichPartial equity fundIssuance of over 2 trillion yuan, a net increase of 1.4 trillion yuan, January 2021fundBasically maintain a relatively high issuance scale, as of last weekPartial equity fundAbout 30 branches have been established. Under this background, the market for institutions to continue to enter the market will continue.
Everbright SecuritiesAnalysis shows that the main rise logic remains unchanged in the medium and long term, and it is expected that there is still room for upside in the market outlook. However, it should be noted that the valuations of some blue-chip stocks have been pushed up a lot, and the market outlook is more likely to be interpreted in a rotating sector. Market funds are more inclined to deploy more cost-effective directions. In the short term, we can focus on the underestimation of blue-chip and oversold technologies to make up for gains.
Dongguan Securities believes that in terms of policies, the China Banking and Insurance Regulatory Commission and the Central Bank issued relevant regulations to strengthen supervision and encourageenterpriseAnd businessbankCompliance and sustainable development, the National Development and Reform Commission also expressed support for economic recovery, which constitutes a positive factor for the market. At the beginning of the year, the continuous inflow of northbound funds and the release of liquidity from the central bank’s MLF operation have maintained a loose pattern of short-term funds, which is conducive to the further deepening of the market. The support of capital and policy factors and the continuous net inflow of northbound funds will help stabilize market confidence. The market will continue to fluctuate upward if the short-term market is not changed. Pay attention to economic data and the sustainability of the volume. In terms of operation, it is recommended to focus on finance, real estate, non-ferrous metals, chemical industry,food and drink, Home appliances, TMT and other industries.
(Article Source:Oriental wealthResearch center)
(Editor in charge: DF150)
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