On January 19, the first three trading days of this week, the two major themes of the market continued to rise, and the digital economy continued to strengthen day after day, of which Internet services, smart government, data centers, etc. expanded; at the same time, large infrastructure remained strong, cement building materials, underground pipe networks, decoration building materials, assembly buildings and other rising trends led. Some theme plates are "back to the furnace heating", of which the new crown drug rose by 2.72%. The concept of the metaverse has risen across the board, and games, NFT concepts, cultural media and other growth have risen ahead. In addition, tourist hotels, commercial department stores, baby and child concepts are stronger. The growth track has been hit by "critical hits", in terms of new energy, lithium batteries have fallen, solar energy and wind energy have fallen; semiconductors have also fallen. In addition, military stocks, liquor, rare earths, auto parts, traditional Chinese medicine, etc. have all seen significant declines.
Plate distribution
In terms of the broader market, the Shanghai index performed stronger, the early session made a slight "resistance" after the shock downward, the Shenzhen index, the ChiNext index is weaker, the early session entered a downward trend, the tail of the third line slightly warmed up, the decline narrowed. As of the close, the Shanghai index fell 0.33% to 3558.18 points; the Shenzhen component index fell 1.28% to 14207.19 points; and the ChiNext index fell 2.17% to 3075.98 points. The two cities traded a total of 1,065.3 billion yuan, and northbound funds bought a net of 3.821 billion yuan.
Broader market movements
In terms of individual stocks, under the weakening of the third line, the market still has 2348 shares closing red, 70 shares up and down, 2134 shares closing green, and 20 shares falling to a stop. The number of individual stocks rising and falling is significantly deviated from the index. In addition, the "Ning Portfolio" fell by 2.74%, the "Mao Index" fell by 1.26%, and the decline in core assets dragged down the trend of the index. Correspondingly, the small-cap stocks and the heating of the theme speculation.
Individual stocks are up and down
For the market trend, Shenwan Hongyuan said that the market long and short divergence is larger, the Shanghai index annual line or still have competition, the main tone of the overall "shock stabilization" remains unchanged; the operation level is recommended to see more and less moving, and pay attention to the low-suction opportunities of the medium-line growth varieties; in the industry, the middle line can continue to pay attention to the national defense and military industry, electronics, brokerage industry, and the short-term can look for investment opportunities in the technology sector (electronics, communications, computers).
Galaxy Securities said that near the Spring Festival, investors' desire to fall into the bag for safety will be strengthened, the index shock finishing, this is a period of both attack and defense; the structural market will revolve around the double carbon, meta-universe and consumption, optimistic about the manufacturing and consumption sector enterprises with brand advantages.
Market Focus: Microsoft's $68.7 billion acquisition of Activision Blizzard, game stock "carnival"
On January 19, game stocks rose sharply against the market, including cloud games rose 3.67%, mobile game concepts rose 2.82%, e-sports rose 2.7%, and online games rose 2.58%.
The game led the gains
Game stock "Carnival" also carries the concept of hot element universe, of which the NFT concept rose by 2.81%, digital reading rose by 2.68%, and radio and television rose by 2.44%.
The metacosmonic concept led the gains
On the news side, on the evening of January 18, Microsoft issued a statement saying that it would acquire Activision Blizzard at a price of $95 per share, with a total cash transaction valued at $68.7 billion. This is probably the largest acquisition Microsoft has ever made. The acquisition, which is at a premium of about 45 percent and an equity valued at about $74 billion, has been approved by microsoft and Activision Blizzard's boards of directors, according to calculations. After the transaction is completed, Microsoft will become the world's third-largest game company after Tencent and Sony.
According to public information, Blizzard is a well-known game production and publishing company, founded in 1991, and the brand officially changed its name to "Blizzard" in 1994. Blizzard has launched a number of classic series: Activision Blizzard's games include Call of Duty, Candy Legends, Warcraft, Diablo, Overwatch, and Hearthstone. Warcraft, Heroes of the Storm and StarCraft are all listed as major competitions by a number of famous e-sports competitions and enjoy high praise in the computer game industry.
According to Microsoft CEO Satya Nadella, gaming is currently the most dynamic and exciting entertainment category of all platforms today and will play a key role in the development of metaverse platforms; we are making deep investments in world-class content, communities and clouds to usher in a new era of gaming that puts players and creators first, and makes games safe, inclusive and accessible to all.
In response to the acquisition, Huatai Securities said that the game industry and meta-universe field of large transactions are intensive, according to Take-TWO announcement, "Grand Theft Auto" (GTA) series of game maker Take-TWO (TTWO US) said on January 10, 2022 to acquire well-known game developer Zynga (ZNGA US) for $12.7 billion (64% premium to the previous trading day's closing market value).
The agency believes that global giants are continuing to absorb high-quality assets and the layout of the meta-universe, and scarce high-quality game content developers are expected to play the role of the cornerstone of meta-universe construction, and it is recommended to pay attention to high-quality game manufacturers and related investment opportunities under the development of the meta-universe industry.
Market dynamics: large infrastructure and digital economy have been working hard for days
As the market continues to switch high and low, there are two major themes in the market that have been strengthening day after day. On January 19, the digital economy rose again today, with Internet services up 2.53%, data centers up 2.38%, smart government up 2.35%, and the digital economy up 1.9%.
Internet service has been strengthening day after day
In addition, the trend of large infrastructure construction is also stable and rising, of which cement building materials rose by 3.35%, underground pipe networks rose by 2.05%, decoration building materials rose by 1.87%, railway infrastructure rose by 0.9%, and water conservancy construction rose by 0.88%.
The construction of the project has been strengthening day after day
On January 12, the State Council recently issued the "14th Five-Year Plan for the Development of the Digital Economy", which clarified the guiding ideology, basic principles, development goals, key tasks and safeguard measures for promoting the healthy development of the digital economy during the "14th Five-Year Plan" period, pointing out that the added value of the core industries of the digital economy accounted for 10% of gdp; in addition, on January 16, qiushi no. 2 magazine published an important article "Continuously strengthening and optimizing the digital economy of the mainland".
In this regard, Xiangcai Securities said that the "digital economy" usually refers to the application of digital technology in the economic environment, social life and various industries, in recent years, with the rapid development of the domestic Internet, through digital technology for many industries to empower, to achieve the digital transformation of traditional industries, greatly improving production efficiency and service efficiency.
The agency believes that there is still a lot of room for improvement in the current development of the domestic "digital economy", and during the "14th Five-Year Plan" period, it is expected to continue to promote the deep integration of digital technology and the real economy, spawn more new formats, new models, and new industries, and then do a better and stronger domestic digital economy.
In terms of large infrastructure, Huaxin Securities said that under the guidance of the 14th Five-Year Plan, the new infrastructure is accelerated, and it is expected that the investment scale of new infrastructure in 2022 will be 2002.7 billion yuan, adding 452.4 billion yuan, with a growth rate of nearly 30%; we have reviewed the market trend of the previous financial forces, under the current round of financial support, the infrastructure growth rate is expected to face an inflection point in the first quarter, and the infrastructure market will usher in a wave of small climaxes; the current round of infrastructure market will have valuation repair started, profit as a support, of which the new infrastructure development has entered an accelerated period, and the overall is more flexible.
Market changes: core assets have fallen sharply, and theme stocks have become hot
On January 19, several market themes fell sharply. In terms of new energy, lithium batteries fell by 1.85%, solar energy fell by 1%, and wind energy fell by 0.81%; in semiconductors, SMIC's concept fell by 1.62%, semiconductor concepts fell by 1.32%; in resource stocks, Salt Lake lithium fell by 3.02%, small metals fell by 1.72%, and rare earth permanent magnets fell by 1.7%; in the military industry, aerospace aviation fell by 2.19%, aerospace concepts fell by 1.82%, and aircraft carrier concepts fell by 1.32%; in addition, liquor fell 2.09%, and auto parts fell 1.24%.
The "Ning combination" led the decline in individual stocks
The "Mao Index" led the decline in individual stocks
In the context of the decline of many themes in the market, the "Ning Combination" closed down 2.74%, the 24 individual stocks in the sector only Star Semi-Guide rose slightly by 0.34%, and the rest closed down, of which Ewell Lithium energy fell 7.81%, Gloria Ying fell 5.49%, BYD fell 4.93%, WuXi AppTec fell 4.92%; "Mao Index" also performed poorly, closing down 1.26%.
Corresponding to the decline in core assets, it is the heating of the theme speculation. Among them, the new crown drug regained its rally after yesterday's sharp fall, closing up 2.72%; radio and television strengthened again, of which Jishi Media, Hubei Radio and Television, Zhongguang Tianxuan, Guiguang Network rose and stopped; in addition, in the meta-universe plate, there are shengtian network, Tom cat and other stocks to gain a big rise.