Jufeng Investment Advisor Comments: The market is volatile and weak, and the Shanghai Composite Index falls below 3,000 points

Author|Ding Zhenyu, Editor|Gu Jinfeng

Source: Jufeng Investment Advisory, Good Stock Application

Brief description of the plate

On Wednesday, the market continued to show adjustment, the intraday industry in the two cities reappeared differentiation and local rotation, coal, household appliances, banking, medicine, electricity, transportation services, health care, gas and heating, textiles and clothing, daily chemicals, tourism, commercial chains and other industries were active, software services, communication equipment, Internet, real estate, components, aviation, IT equipment, semiconductors, ships, general machinery, securities, warehousing and logistics and other industries showed weakness; Prefabricated dishes, aquatic products, vitamins, diet pills, shipping concepts, disperse dyes, biological vaccines, liquor, new retail, cold chain logistics and other themes are active, copper high-speed connection, Xiaomi cars, computing power leasing, flying cars, eastern data and western computing, 6G concept, optical communication, Huawei computing power, lithography machine, information innovation, NVIDIA concept, 5G concept, high-voltage fast charging and other themes are weakening.

Hot Plates

The power sector rose locally in the afternoon, and stocks such as Wanneng Power, Fuling Power, Zheneng Power, Mindong Electric Power, Sichuan Investment Energy, Qianyuan Power, Huaneng Hydropower, and Tongbao Energy showed a contrarian rise.

In the afternoon, the concept of cross-border e-commerce changed locally, Xinhua Jin hit the daily limit, before the Pulutong daily limit, China Eastern Airlines Logistics, Huaci shares, Hua Pengfei, etc. followed up.

The intelligent driving sector rose in the afternoon, Genvict Technology's daily limit, Wanji Technology rose by more than 10%, and Tianmai Technology, Qiming Information, TransInfo Technology, Luchang Technology, Ruiming Technology, etc. all rushed higher.

The banking sector rose in the afternoon, with stocks such as Chongqing Agricultural Bank, Bank of Chengdu, Bank of China, Minsheng Bank, Agricultural Bank of China, Bank of Ningbo, Bank of Jiangsu, Bank of Suzhou, and Qingnong Bank rising intraday.

The real estate sector rebounded, Beijing Investment Development 4 boards, Airport shares rose by the limit, Dalong Real Estate, Rongfeng Holdings rose by more than 5%, Shahe shares, Cinda Real Estate, Jingneng Real Estate, CCCC Real Estate, etc. followed up

Message plane

The country's largest power hydrogen fuel cell stack project was settled in Ningxiang

The signing ceremony of the hydrogen energy creation project was held in Changsha on March 26. The project plans to invest in the construction of hydrogen fuel engine system and stack production base and R&D center in Ningxiang High-tech Zone, with a total investment of about 1 billion yuan. The hydrogen energy creation project signed this time will focus on the development and production of the country's largest power hydrogen fuel cell stack, which can meet the long-distance driving needs of heavy trucks. In the first phase of the project, a 240KW fuel stack and 200KW engine system production line with an annual output of 1,000 sets will be built, a hydrogen fuel stack and engine production line with an annual output of 4,000 sets will be added in the second phase, and a hydrogen fuel stack and engine production line with an annual output of 10,000 sets will be added in the third phase. After the project is fully put into operation, it is expected to have an annual output value of more than 3 billion yuan.

The Digital Silk Road Development Forum of the World Internet Conference will be held in Xi'an, Shaanxi Province on April 16

The International Organization of the World Internet Conference held a press conference in Beijing, announcing that the Digital Silk Road Development Forum of the World Internet Conference will be held in Xi'an, Shaanxi Province on April 16. Hosted by the World Internet Conference and undertaken by the Shaanxi Provincial People's Government, the forum will focus on three topics: "Digital Interconnection and Common Prosperity", "Silk Road E-commerce International Cooperation" and "Digital Village and Sustainable Development". It will also hold a symposium for member representatives of the World Internet Conference, launch the Digital Academy project, and carry out the first thematic capacity-building project "Digital Silk Road Cross-border E-commerce Seminar", hold a seminar on cross-border e-commerce competitiveness assessment, and release cross-border e-commerce practice case reports.

Jufeng view

The market opened lower in early trading, and the GEM index led the decline. On the disk, coal, banking, household appliances, transportation services, gas and heating, electricity, non-ferrous industries rose, and the Internet, software services, communication equipment, components, real estate, media, mineral products, general machinery, warehousing and logistics, semiconductors and other industries led the decline. In terms of theme plates, in terms of sectors, NMN concepts, food, traditional Chinese medicine, precious metals and other sectors were among the top gainers, while Xiaomi automobiles, computing power leasing, lithography machines, data security and other sectors were among the top decliners.

In the afternoon, banking, electricity, coal, medicine, tourism, real estate and other sectors rebounded to drive the stock index up intraday, however, near the end, the market dived again, the stock index of the two cities continued to fluctuate and weaken, intraday software services, Internet, communication equipment, real estate, components, semiconductors, automobiles and other industries continued to lead the decline. At the end of the session, the Shanghai Composite Index fell below the 3,000-point integer mark, and the ChiNext Index and the Shenzhen Component Index fell by more than 2% at the end of the session.

Recently, the market has continued to adjust, the short-term trend has weakened, and the differentiation of intraday industry sectors and the rise and fall of hot spots highlight the cautious sentiment of the market. Judging from the performance of the intraday industry sector, the overall weakening of the technology sector has driven the market downward, the active consumption and large financial sectors have protected the market, and the intraday profit-taking has caused market volatility and increased market defensive sentiment. In the short term, there is a high probability that the market will continue to bottom. In the current weak pattern, it is recommended that short-term investors take a light position and wait and see, while medium-term investors can consider continuing to deploy on dips.

Investment advice

Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market. In the short term, 1-2 economic data show that the domestic economy has shown significant improvement, and the economic fundamentals are improving. With the issuance and use of treasury bonds this year, the physical amount of infrastructure is expected to continue to land. The central government continues to increase its fiscal weight, and the central government's support policies for private investment and durable goods consumption continue to be introduced, which will continue to promote economic recovery and form fundamental support for market adjustment. In terms of medium and long-term opportunities, it is recommended that investors continue to pay attention to infrastructure and consumption under the expectation of economic recovery, pay attention to infrastructure, building materials, construction machinery and photovoltaic and wind power in the rebound of the new energy track, and continue to pay attention to the investment opportunities in tourism, hotel and catering, new energy vehicles and electronic commodities, consumer electronics, artificial intelligence and other sectors in large consumption.

(Author: Ding Zhenyu Practicing Certificate: A0680613040001)

Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss