Afternoon Commentary: The Shanghai Composite Index fell 0.22% after a weak shock. The real estate, medicine and other sectors strongly boosted the concept of digital currency – yqqlm

April 6th morning,Shanghai IndexIntraday weak shocks dropped, and the decline was narrowed near midday; Shenzhen Component Index,GEM refers toBoth fell during the session, and the ChiNext Index fell by more than 1%; the early trading of the two cities exceeded 600 billion yuan, and the net outflow of northbound funds was nearly 4 billion yuan.

As of the close at noon, the Shanghai Composite Index fell 0.22% to 3275.45 points, the Shenzhen Component Index fell 0.61%, and the ChiNext Index fell 1.33%; the total transaction volume between the two markets was 6,050 yuan, and the northbound funds sold a net 3.894 billion yuan.

On the board,educatereal estate, medicine, agriculture and other sectors were among the top gainers, while oil,Bankconstruction, steel, tourism, building materials and other sectors all strengthened;semiconductoraviation, coal and other sectors weakened; chicken concepts, numberscurrencycorona drug, tax-free concept, etc.themeBe active.

　　China Merchants SecuritiesIt is pointed out that entering April 2022, as the epidemic eases and the policy of stabilizing growth gradually exerts force, it is expected to reverse the pessimistic expectations for corporate profits. At the same time, the negative factors that suppress the performance of A-shares are expected to gradually land, and A-shares will gradually reverse the decline, and there will be a turning point from defensive to offensive. Affected by the epidemic, the economic data and social financing data in the first quarter are under certain pressure. Under the background of the 5.5% growth rate target, after the current round of the epidemic is expected to be brought under control soon, stable growth is expected to become one of the most important tasks in the next stage. The growth rate of new social financing in April is expected to improve significantly, gradually reversing the pessimistic expectations for corporate profits. The Fed may take more aggressive tightening actions on May 4, and the US dollar index and US bond yields may have further upward space. But after May 4th, it will be difficult for the Fed to tighten even more, and the tightening boots have landed. The current stability of the RMB exchange rate shows that under the new world pattern, the tightening US monetary policy has put less pressure on the RMB than before. The risk of spillover to China from the situation in Russia and Ukraine is decreasing, and the issue of the listing status of Chinese companies overseas that the market had previously worried about is gradually being resolved, which will help ease market sentiment. Risk factors have gradually eased, and positive factors have begun to increase. April is expected to become the starting point for the transition from defense to offense.

(Article Source:securitiesTimes Network)

Article source: Securities Times Network

Responsible editor: 33

Original title: Afternoon Comment: The Shanghai Index fell 0.22% in a weak shock, the real estate, medicine and other sectors rose strongly, and the concept of digital currency was active