Since the beginning of 2022, the ChiNext board has been in a state of adjustment, and the index has continued to decline and suffered repeated blows. As of today's close, the Cumulative Decline of the ChiNext Index has been nearly 15%, closing at 2826.52 points, and the intraday also fell below 2800 points.
In this case, not to mention ordinary investors, institutional investors can't sit still.
A letter from Cinda Australia to investors
On February 10, Cinda Australia Bank said in a letter to investors today that there is no need to worry too much about the market as a whole at present, and it should cherish the ChiNext board below 2800 points and the Shanghai Securities Index below 3400 points.
For the recent market adjustment, Cinda Australia Bank Fund believes that this is the concentrated catharsis of short-term irrational emotions in the market, and it is expected that the A-share market will decline sharply this year, and structural investment opportunities should be actively grasped.
In terms of investment layout, Cinda Australia Bank believes that it can pay attention to three major aspects: one is the over-falling industries such as transportation, tourism, aquaculture, and real estate chain; the second is the "carbon neutral" field of green power, new energy, wind power, photovoltaic and other tracks, the long-term development logic of these plates has not changed; the third is the counter-cyclical sectors such as environmental protection and construction, and the certainty of its performance growth will be more fully reflected this year.
It is worth noting that although the pace of new fund issuance has still been relatively fast this year, fund companies have generally lowered their expectations for new fund issuance. Coupled with the recent weak market performance, the fund has frequently fallen on the hot search. The cold issuance of new funds has become a relatively common phenomenon in the current market, and on February 9, Cinda Australia Bank just issued two new bases.
Behind today's release, Cinda Australia Bank may come forward to calm the mood of the people out of optimism about the future market, but it does not rule out the possibility of creating momentum for the new base.
Cherish the peace of China that has fallen all the way
I don't know what the majority of investors think of when they see "cherishing the Gem below 2800 points and the Shanghai Securities Index below 3400 points", but the first thing that Xiaobian thinks of is Ping An of China.
"Cherish the 80 yuan of Peace of China, you won't be able to buy it later!" This is a forecast of Ping An's stock price in China at the beginning of last year. As a result, Ping An's stock price has been down all the way since last year, almost maintaining a downward trend for a year, and its stock price has also fallen all the way below 50 yuan.
And in the process of its decline, it is accompanied by the sound of "cherishing". From cherishing the peace of 80 yuan, it later became the peace of 70 or 60 yuan, and even cherished the peace of 50 yuan, but in the end, cherishing the peace of 50 yuan has become history.
By now, Ping An of China has finally shown signs of stabilization, but the distance from the 50 yuan position is quite limited. As of today's close, Ping An of China was up 2.15% at 54.18 yuan per share.
Of course, the ChiNext board is not Ping An of China, although it is falling, the reasons for its decline are also different, and whether the ChiNext board will re-take the old road of "cherishing all the way and falling all the way" in the future is still unknown.
The four major securities newspapers spoke out in unison
In addition to public offering, the four major securities newspapers on the first trading day of the Year of the Tiger also expressed their unanimous optimism about the A-share market, and A-shares also ushered in a "good start" in smooth profits.
The headline of the Securities Daily on February 7 was "Three Wishes for the Stock Market in the Year of the Tiger", which read: "On February 7, China's stock market ushered in the first trading day of the Year of the Tiger. Everyone hopes to draw energy from the traditional "tiger culture" to make the Chinese stock market vigorous, like a tiger adding wings, a dragon leaping and a tiger leaping, and a living tiger, releasing the wealth effect, and making it more attractive and influential.
The first is to hope that China's stock market will be as powerful as a tiger. The second is to hope that China's stock market will increase its flexibility and sensitivity like a tiger. The third is to hope that China's stock market will increase its endurance and resilience like a tiger. ”
The headline of the Securities Times is "Ten Conjectures in the Year of the Tiger: THE US Monetary Policy Turns to A-Shares Out of the Independent Market", which mentions in the third conjecture: "The Fed's monetary policy in the Year of the Tiger has turned to gradually withdraw from quantitative easing and opened a rate hike cycle." The Fed's monetary policy shift will have a significant spillover effect on the exchange rate, interest rate, capital flows and asset prices of emerging market economies, and China will adopt flexible and moderate monetary policy, optimize the structure of foreign exchange reserves, improve policy communication capabilities, establish a risk warning system and other ways to effectively respond to the impact of the US monetary policy shift, and A shares are expected to come out of the independent market. ”
The headline of the Shanghai Securities News was "Institutional Foresight Tiger A: Warm and Confident", which said: "The opening is red, "double bottom resonance", "counterattack begins"... In anticipation of the opening of the Year of the Tiger, the strategic outlook of mainstream securities research institutions is warm, and buyer institutions such as public offerings and private placements have also expressed optimism about structural opportunities in this year's market.
Whether it is the "stability" of the macro economy, or the abundance of liquidity, the improvement of the market capital, as well as the performance of listed companies exceeding expectations, and the highlights of the industry sector, they have injected confidence into market institutions. ”
The headline of China Securities News was "Policy Warm Wind Blows Doubts A Shares Deserve Good Expectations", the article mentioned: "During the Spring Festival holiday, the major overseas stock markets performed better overall, the main us stock index rose by more than 1%, and the Hong Kong Hang Seng Index rose by more than 3%; on the policy side, the National Development and Reform Commission, the central bank and other ministries and commissions have successively released warmth and intensified their efforts to stabilize growth."
Experts generally believe that the positive factors of fundamentals, policies and funds will gradually converge, and investors' concerns about economic downward pressure, the effect of stable growth policies, and the reversal of global capital flows will gradually dissipate, and the A-share market will be supported in the medium and long term. ”
In fact, although the ChiNext board has indeed made many adjustments this year, it is largely dragged down by the Ningde era, the largest weighted stock in the ChiNext board. Of course, the previous rise of the ChiNext board is inseparable from the Ningde era, in the final analysis, the ChiNext board is "into Ningde, defeat also Ningde".
As the Cinda Australian Bank Fund said, the market's short-term irrational emotions of the concentrated catharsis, it is expected that the A-share market this year is unlikely to decline sharply, green power, new energy, wind power, photovoltaic and other tracks, the long-term development logic of these sectors has not changed.
Therefore, in the future, with the return of market sentiment and the effect of the stable growth policy, the A-share market in the Year of the Tiger will definitely have the opportunity to get out of the tiger's market.