Afternoon commentary: Shanghai index up 0.34%, ChiNext index fell 1.36% to a new adjustment low, financial, real estate sectors broke out Chinese life rose more than 8%

Financial circles February 11 news Today's A-share three major indexes collectively low, after the opening of the Shanghai index higher into the shock, the ChiNext index around the 2800 point low consolidation, intraday set a new low adjustment, on the disk, insurance led by the large financial sector rose strongly, Chinese life rose more than 8%, the real estate sector was affected by good news outbreak, tourism, aviation and other recovery sectors continued to rebound, digital currency, salt lake lithium and other subject stocks performed actively.

As of the close, the Shanghai index rose 0.34% at 3497.71 points, the Shenzhen component index fell 0.31% to 13391 points, and the ChiNext index fell 1.36% to 2788.06 points. The total turnover of Shanghai and Shenzhen cities was 607.28 billion yuan, and the actual net inflow of northbound funds was 1.179 billion yuan. In the two cities, 55 shares rose and stopped, and 11 shares fell (including ST shares).

In terms of industry sectors, insurance, tourism hotels, energy metals, coal industries, banks, etc. rose in the front, and traditional Chinese medicine, medical devices, medical services, games, chemicals and pharmaceuticals fell in the front; in the theme sector, the concepts of salt lake lithium extraction, power battery recycling, digital currency, online tourism, and securities companies were relatively active.

The real estate sector broke out, Jinke Shares, Taihe Group, Beijing Investment Development, Nanshan Holdings, Rongan Real Estate, China Wuyi, Jia Kai City, Tianbao Infrastructure, YueHongyuan A up and down;

The concept of digital currency continued to rise, with advanced digital communication, Hengbao shares, Desheng technology, jincai interconnection up and down, Sifang Jingchuang, Royal Silver shares, and Chuangzhi technology rising by 9,000;

The engineering construction sector maintained its heat, and Zhejiang Construction Investment, Huitong Group, Xianglong Electric Industry, Zhengping Shares, etc. rose and stopped;

The tourism and hotel sector has attracted attention, citadel United, Caissa Tourism, Qujiang Cultural Tourism, Huatian Hotel, Utrust Tourism, Tianmu Lake also have outstanding performance;

Salt Lake lithium concept intraday changes, Chinalco International, China National Machinery General Motors, Wharton Technology up and down, Wei Saibo, Jiuwu Hi-Tech, Zhaoxin shares rose more than 5%;

The cultural media sector is active, Simei Media, Publishing Media, SIPG Group up and down, Tianlong Group, Guiguang Network, Hubei Radio and Television followed;

The concept of baby and child is differentiated, Mei jim and Gaole shares are up and down, and Kangzhi Pharmaceutical, Miaoke Lando, and Xilong Science have fallen ahead;

Lithium battery plate rebounded, Red Star Development, China Mining Resources rose and stopped, and Tianhua Super net rose by more than 10%;

The concept of power battery recycling has been boosted by the good, and The Degen force has risen to a stop, surpassing technology, Tianqi shares, and Grammy to varying degrees;

The coal industry is higher, and Ping Coal Shares, Jinkong Coal Industry, Yankuang Energy, Shanxi Coking Coal, etc. have risen sharply;

The insurance sector was red across the board, with Chinese Life soaring 8%, and China Pacific Insurance, Ping An, Chinese Insurance and Xinhua Insurance company rose;

In terms of individual stocks, 26.0417 million restricted shares were listed and circulated, and Collier fell to a halt.

【Institutional Strategy】

Dongguan Securities: Considering the continuous development of the stable growth policy, it is expected that the broader market is expected to stabilize and rebound, paying attention to the gains and losses of the annual line and the rotation of the sector. In operation, it is recommended to pay attention to finance, agriculture, forestry, animal husbandry and fishery, household appliances, building materials, building decoration and other industries.

Joaquin Securities: In the first half of the year, the performance valuation double kill, preferring defensive varieties, such as undervalued bancassurance, construction and mandatory consumption. At the same time, under the background of the downward PPI, the prosperity of the midstream industry has gradually rebounded, and auto parts, machinery and equipment are expected to benefit. In the second half of the year, it returned to growth, and increased the endogenous boom industries such as new energy, large science and technology, and national defense and military industry with high certainty of performance. In terms of concept, it is recommended that the reform of central enterprises and the recovery sector after the epidemic be recommended.

Caitong Securities: Standing at the moment, high-dividend industry targets such as banking, coal, steel, and real estate can be focused on. From the perspective of valuation and dividend returns, banking, coal, steel, real estate and other industries have both high dividend yields and low valuation characteristics. From the perspective of market characteristics, their low valuation attributes, better chip structure, and lower risk appetite are in the market environment. At the same time, such sectors are continuously catalyzed by the "steady growth" policy, which reflects the attributes of better defense and offense, and has higher allocation value.