Home » What are the main lines of A-share investment in March under the geopolitical turmoil? _ Oriental Fortune Network

What are the main lines of A-share investment in March under the geopolitical turmoil? _ Oriental Fortune Network

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What are the main lines of A-share investment in March under the geopolitical turmoil? _ Oriental Fortune Network

The A-share market has been active this week, with the turnover in Shanghai and Shenzhen stock markets reaching the trillion-dollar mark for three consecutive trading days.Russia-Ukraine conflictglobal stock marketThere was a shock, and the major indexes were mixed. The annual national “two sessions” are about to be held, which will undoubtedly become the focus of the capital market.

Under the geopolitical turmoil, what are the main lines of the market and the factors that need attention in March? The industry generally believes that the A-share market in March is expected to usher in a repairing spring market.

For the market outlook,Guohai SecuritiesSaid that the market has structural opportunities in March, and growth is expected to usher in a rebound, the core lies in domesticcurrencyThere is still room for further easing of policies, and overseas tightening expectations have eased.performanceIn the context of the approaching window period, the growth sector that has been relatively fully adjusted in the early stage is more prosperous, and the price/performance ratio begins to show. Domestically, the National Two Sessions will be held soon, and the policy implementation is expected to speed up; overseas, the escalation of the conflict between Russia and Ukraine will suppress risk appetite in the short term, and the impact on my country will be more at the medium and long-term strategic level than the economic level. From the perspective of equity risk premium and valuation quantiles, the market will gradually show the price-performance ratio after adjustment, and the valuation repair market will gradually unfold.

at the same time,Haitong SecuritiesCe believes that historical data shows that the impact of regional conflicts on the stock market is relatively short. Referring to 2014, the impact of the Russian-Ukrainian conflict on the stock market may gradually fade away. The market’s decline at the beginning of the year stemmed from the conflict between Russia and Ukraine and the expected disturbance of interest rate hikes in the United States. The disturbance dissipated, and the steady growth of the spring market was just in time. The market style is changing from value-led to growth-led, such as photovoltaic wind power in a low-carbon economy and cloud computing data centers in the digital economy.

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  Zhongtai SecuritiesSaid that in the performance of the A-share market, in February, under the main line of steady growth,Bankinsuranceinfrastructure, coal and other sectors performed better, and the interpretation of the internal logic is still what we have been emphasizing before: low valuation,DividendHigh, steady-yielding sectors. We believe that this trend is expected to continue in March, and the investment opportunities of low-value blue chips may still be the most stable main line of the market.

  Market Review of the Week

1. The stock market

  A-share market:

This week (February 21-25, the same below) A-shares showed a volatile pattern as a whole, and the index went up and down.The Shanghai Composite IndexThe cumulative weekly decline was 1.13% to 3451.41 points;Shenzhen Component IndexIt fell 0.35% for the week to 13412.91 points,GEM refers toIt rose 1.03% to 2855.8 points.

From a funding perspective, this weekNorthbound FundsThe cumulative net sales were 6.413 billion yuan, and the net purchases during the month were 1.932 billion yuan. Judging from the trend of northbound funds this week, changes in geopolitical situations affect market risk appetite, and at the same time directly affect the direction of northbound funds.

From the perspective of Shenwan’s first-tier industries, 12 industries achieved gains this week, among which power equipment (4.25%), national defense and military industry (3.05%), electronics (2.45%),non-ferrous metals(2.13%) and other industry indexes, the cumulative weekly increase exceeded 2%. In addition, industry indexes such as building decoration and building materials all fell by more than 6% for the week.

  Table: This week (February 21-25) Shenwan’s first-class industry performance

Watchmaker: Zhang Ying

At the same time, statistics show that 59 stocks will be lifted next week (February 28-March 4). According to the latest closing price, the total lifted market value is 39.902 billion yuan. From the scale of the lifting of the ban,XGIMI TechnologyThe amount of the lifting of the ban is the largest, with a market value of 9.973 billion yuan.fromUnbanned sharesIn terms of quantity,Bank of Xi’anBaosteel PackagingMitsunoriThe number of such individual stocks lifted exceeded 100 million.

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There will be 8 next weekNew crotchIssuance, the cumulative number of shares issued is about 247 million shares, and the estimated funds raised are 8.355 billion yuan. Among them, there are 3 on the Science and Technology Innovation Board, 1 on the Shanghai Stock Exchange, 3 on the ChiNext, and 1 on the Beijing Stock Exchange. On February 28th, Loos shares,Salem BioZhejiang Hengwei; issued March 1 isWankong Intelligent Manufacturing; the March 2 issue isAoki Co., Ltd.; the March 3 issue isSlinger; the March 4 issue isGaolin InformationiSoftStone

In addition, on Monday (February 28), there will be Hongxi Technology,Han’s CNCHongying Intelligence3 new shares were listed for the first time.

  Table: 8 next week (February 28-March 4)IPO subscriptioncondition

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Watchmaker: Zhang Ying

  Hong Kong stock market:

This week, the Hong Kong stock market fluctuated and fell. On Friday, Hong Kong stocks opened higher and moved lower. The Hang Seng Index closed down 0.59% to 22,767.18 points, down 6.41% for the week; the Hang Seng Technology Index rose 0.84% ​​to 5,112.62 points, down 6.7% for the week; fell 6.4%.

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  overseas market:

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On Friday, the three major U.S. stock indexes closed up across the board. The Dow rose 2.51% to 34,058.75 points, the S&P 500 rose 2.24% to 4,384.65 points, and the Nasdaq rose 1.64% to 13,694.62 points. This week, the Dow fell 0.06%, the S&P 500 rose 0.82%, and the Nasdaq rose 1.08%.

On Friday, European stocks rebounded sharply at the close. Germany’s DAX rose 3.67% to 14,567.23 points, France’s CAC40 rose 3.55% to 6,752.43 points, and the UK’s FTSE 100 rose 3.91% to 7,489.46 points. Russia’s MOEX index closed at 2470.48, up 20.04%.

On Friday, the market panic eased, and the major stock indexes in Asia-Pacific closed up collectively. The Korea Composite Index rose 1.06% to 2676.76 points; the Nikkei 225 rose 1.95% to 26476.5 points; New Zealand’s NZX50 index rose 1.62% to 11923.38 points; Australia The S&P 200 rose 0.1% to 6,997.8.

2. Bond market

On Friday, U.S. bond yields generally rose, with 3-month U.S. bond yields up 1.52 basis points to 0.325%, 2-year U.S. bond yields up 4.4 basis points to 1.580%, and 3-year U.S. bond yields up 4.5 basis points The basis point was 1.768%, the yield on the 5-year U.S. Treasury bond rose 3 basis points to 1.873%, the yield on the 10-year U.S. Treasury bond rose 0.7 basis point to 1.968%, and the yield on the 30-year U.S. Treasury bond was flat at 2.277%.

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3. Foreign exchange

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On Friday, the US dollar index fell 0.56% to 96.54, non-US currencies generally rose, the euro rose 0.75% to 1.1273, the pound rose 0.22% to 1.3413, the Australian dollar rose 1.09% to 0.7230, and the dollar fell 0.01 to the yen % reported 115.52, the US dollar against the Swiss franc fell 0.05% to 0.9256, and the offshore RMB against the US dollar rose 105 basis points to 6.3109.

The central parity rate of the RMB against the US dollar was reported at 6.3346 on Friday, a decrease of 66 basis points, and a cumulative decrease of 3 basis points this week. The onshore RMB/USD closed at 6.3142 at 16:30, up 92 basis points from the previous trading day and up 123 basis points this week.

4. Commodities

friday, internationaloil priceFalling across the board, the U.S. crude oil April contract fell 0.94% to $91.94 a barrel. The May contract for Brent oil fell 0.91% to $94.55 a barrel. This week, the U.S. crude oil contract for April rose 1.92%, while the May contract for Brent oil rose 1.08%.

On Friday, COMEX gold futures fell 1.88% to $1,890.1 an ounce, and COMEX silver futures fell 1.53% to $24.31 an ounce. For the week, COMEX gold futures fell 0.51% and COMEX silver futures rose 1.33%.

On Friday, most base metals in London closed down, with LME copper down 0.04% to $9,860/ton, LME zinc down 0.44% to $3,625/ton, LME nickel down 2.03% to $24,215/ton, LME aluminum down 0.43% to $3380 USD/ton, LME tin fell 1.57% to $44,480/ton, LME lead rose 1.37% to $2,375.5/ton. This week, LME copper fell 0.96%, LME zinc rose 1.38%, LME nickel rose 0.29%, LME aluminum rose 3.6%, LME tin rose 0.77%, and LME lead rose 1.15%.

(Article Source:securitiesVoice of the Daily)

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