Yesterday A shares
On April 7, the three major A-share indexes oscillated lower, and the indexes all fell by more than 1%. By the close, the Shanghai index was down 1.42 percent, the Shenzhen component was down 1.65 percent and the ChiNext was down 2.1 percent.
On the disk, infrastructure stocks strengthened against the market, coal, steel, cement and other cyclical sectors were strong throughout the day, and real estate, aquaculture, digital currency, new crown drugs and other sectors performed sluggishly.
Overnight outer discs
The three major U.S. stock indexes closed up slightly on Thursday, and by the close, the Dow Wasw jones was up 0.25% at 34583.57; the NASDAQ was up 0.06% at 13897.30; and the S&P 500 was up 0.43% at 4500.21.
Blockbuster news
1. The central bank will mention the development of green finance again, and in 2022, it will achieve an orderly and effective connection with transformation finance
The People's Bank of China held a video conference on research work in 2022, proposing to support green and low-carbon development as the main line, continue to deepen the research on transformation finance, realize the orderly and effective connection between green finance and transformation finance, and form a feasible policy measure.
2. The two ministries and commissions require that urban drainage and flood prevention be done well, and the construction of a number of major projects be accelerated
The Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission issued a notice on doing a good job in urban drainage and flood prevention in 2022. The notice states:
It is necessary to profoundly draw lessons from the "7.20" exceptionally heavy rainstorm disaster in Zhengzhou, resolutely overcome paralyzing thinking and empiricism, strengthen the cleaning and maintenance of facilities, strengthen the rectification and reform of potential safety hazards, and make every effort to make emergency preparations and handling for flood prevention.
It is necessary to speed up the establishment of an urban drainage and flood prevention engineering system of "source emission reduction, pipe network discharge, simultaneous storage and discharge, and emergency response to exceed standards."
Strengthen the preparatory work for the project, strengthen policy support and element guarantees, accelerate the construction of a number of major projects, and achieve a batch of completions, a batch under construction, a batch of construction, and a batch of reserves.
3. Important policies in the petrochemical and chemical industry have been announced, and the recent rise in oil prices has driven the performance of oil companies
The Ministry of Industry and Information Technology and other six departments recently jointly issued the "Guiding Opinions on Promoting the High-quality Development of the Petrochemical And Chemical Industry in the 14th Five-Year Plan". The "Opinions" put forward that it is necessary to strengthen the classification of policies and scientifically regulate the scale of the industry. Orderly promote the refining and chemical project "oil reduction and increase" and extend the petrochemical industry chain.
Comments: Zhongtai Securities Research Report said that the rise in oil prices has driven the performance of oil companies, upstream capital expenditure has picked up, and the price of related chemicals has increased, and it is recommended to pay attention to PetroChina, CNOOC, Zhongman Petroleum, etc.
4. According to the Securities Times, the supervision intends to tighten the major equity investment behavior of insurance institutions, and the new regulations are under study. The main change is that it requires "insurance institutions to clarify their long-term development positioning and strategy, focus on service insurance protection, prudently carry out major equity investments, and prevent blind diversification and diversification".
5. The number of motor vehicles in the country exceeded 400 million, and 1.11 million new energy vehicles were newly registered in the first quarter
According to the statistics of the Ministry of Public Security, as of the end of March 2022, the number of motor vehicles in the country reached 402 million, and the number of cars reached 307 million, accounting for 76.37% of the total number of motor vehicles. The number of new energy vehicles reached 8.915 million, accounting for 2.90% of the total number of vehicles. In the first quarter, 1.11 million new energy vehicles were newly registered, accounting for 16.91% of the total number of newly registered vehicles, an increase of 644,000 units compared with the same period last year, an increase of 138.20%, showing a high-speed growth trend.
6. State Administration for Market Regulation: Since April 7, Tesla has recalled some imported and domestic Model 3 electric vehicles with production dates from January 11, 2019 to January 25, 2022, with a total of 127785 (including 34,207 imported Model 3 cars and 93,578 domestic Model 3 cars).
7, the recovery of gold prices rose significantly, gold allocation opportunities are coming
According to CCTV Finance, the gold investment demand in the Chinese market has increased greatly, and data from the National Bureau of Statistics shows that the total domestic demand for gold bars and coins in 2021 will reach 285 tons, an increase of 44% year-on-year and 35% higher than in 2019. In addition, the gold recycling point is equally "lively". It is understood that due to the rise in gold prices, the flow of people in many gold stores is 30% more than usual, mainly investors come to sell gold.
Comments: Minsheng Securities pointed out that the opportunity for gold allocation is coming. Compared with gold, the value fluctuations of gold stocks are also affected by factors such as their fundamentals, resulting in the volatility of the gold index being greater than the price of gold. The rise in gold prices can directly lead to an increase in the profitability of the mineral gold business, and the performance of a higher proportion of mineral gold is more elastic to the performance of gold prices. It is recommended to pay attention to Chifeng Gold, Zhaojin Mining, Shandong Gold, Yintai Gold, Zijin Mining, etc.
Risk warning
Kingsoft Shares: Net loss of 1.92 billion yuan in 2021
Qilianshan: Net profit in the first quarter fell by 87%-99% year-on-year
New Hope: March Hog Sales Revenue Down 22% Year-on-Year
Changxin Technology: A fire broke out in the fifth workshop of the north factory of the company's third division
Jinglan Technology: Shareholder Yangshu Jiaye intends to reduce its holding by no more than 2.91%
Ryo electric control: 4 shareholders intend to reduce their holdings by a total of not more than 2.22%.
Sanfeng Environment: CITIC Environment intends to reduce its shareholding in the company by no more than 2%.
Institutional eye-catching
CICC: The apparent correction in the market since March has reflected the uncertainty caused by multiple macro factors, valuations have been at a historically low level, and the implied long-term investment value is gradually emerging. Similar to the period of the sharp decline in the previous period, the stage may have ended, and the market opportunities in the medium-term dimension are greater than the risks.
Guotai Junan: The market shows a volatile finishing trend, it is necessary to pay attention to the changes in the volume of transactions, if the volume is insufficient, you need to be vigilant against the risk of the market bottoming out twice. It is difficult for the short-term market to form an upward synergy, and it is expected that the trend of oscillation and grinding bottom is expected to continue.
Ping An Securities: Investment in the bond market in the second quarter is more certain than in the equity market. After the risk release of the A-share market in the first quarter, the medium-term is still dominated by shock grinding. In the bond market, interest rate bond investment is the most certain. Commodity prices are likely to remain high and volatility has intensified.
Funding trends
Industry Capital Flow:
Individual Stock Flow:
Northbound Funding:
In terms of individual stocks, northbound funds net purchases of Ningde Times (300750.SZ), Vanke A (000002.SZ), Ping An Bank (000001.SZ), Guizhou Moutai (600519.SH), and China State Construction (601668.SH) ranked first.
Northbound funds net sales of COSCO Haikong (601919.SH), China Power Construction (601669.SH), Haier Zhijia (600690.SH), Haitong Securities (600837.SH), Yahua Group (002497.SZ) in the front.
Trading Tips
(Disclaimer: The content of this article is for informational purposes only and does not constitute investment advice.) Investors operate accordingly at their own risk. ）
![Everbright Holdings Wang Yizhe won the "Annual Influential Hard Technology Private Equity Investor"[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)