As of the close of the Shanghai and Shenzhen stock markets, the Shanghai Composite Index fell 0. 13% to 3083.4 points; Shenzhen Component Index fell 0.24% to111113.46 points; The GEM index fell 1.25% to 2375.438+0 points.
From the perspective of the disk, the index is light, individual stocks are heavy, and big finance is ready to move. The pharmaceutical and real estate sectors led the gains, while technology stocks made efforts in late trading. The industry and concept sectors are mixed, and the local money-making effect still exists. In terms of industry, Chinese medicine, insurance, chemical pharmacy, medical equipment, decorative building materials, securities, real estate development, banking and other sectors were among the top gainers. In terms of theme stocks, web3.0, flu, exclusive medicine, COVID-19 medicine, hair care and other sectors were among the top gainers.
In terms of funds, the People's Bank of China announced on June 165438+ 10/4 that in order to keep liquidity in the banking system reasonably abundant, on June 65438+ 10/4, 2022, the People's Bank of China launched a seven-day reverse repurchase operation by way of interest rate bidding. Due to the expiration of 2 billion yuan reverse repurchase today, the People's Bank of China realized a net investment of 3 billion yuan in the open market today.
Portable electric furnace
Individual stock monitoring
Northbound capital
Southward funds
News surface
1. According to today's news in beijing business today, on June 165438+ 10/4, the National Development and Reform Commission, the People's Bank of China and the members of the inter-ministerial joint meeting of the social credit system construction and other relevant departments (units) studied and drafted the Law on the Construction of Social Credit System in People's Republic of China (PRC) (draft for comments). The opinion draft outlines the key areas of 14 business integrity construction, including production, circulation and statistics. Among them, the competent departments in the production field should focus on food, medicine, consumer goods, agricultural products and agricultural inputs, and enjoy product quality credit information across regions and departments.
2. According to the National Business Daily, the National Energy Administration held an online news conference for the fourth quarter on June 1 14. According to the data of the National Energy Administration, in the first three quarters, the installed capacity of non-fossil energy power generation was about 94 million kilowatts, accounting for 82% of the total installed capacity. The first batch of large-scale wind power photovoltaic bases have all started, and the second batch of projects are starting one after another. At present, the third batch of project review is being promoted.
3. According to the news of National Energy Administration on June 5438+065438+1October 14, Xu Jilin, deputy director of the Department of Energy Conservation Technology and Equipment of National Energy Administration, said at the online press conference of the fourth quarter of National Energy Administration that the Action Plan for Standardization Promotion of Peak Carbon Neutralization of Carbon Dioxide Emissions is the top-level design document for constructing the standard system of peak carbon neutrality of carbon dioxide emissions in the energy field. In accordance with the idea of building a new standard system in the energy field, with deepening the reform of energy standardization as the driving force, and following the principles of demand traction, system layout, key promotion and coordination, we will promote the coordinated development of government-led standards and independently formulated standards by the market and promote the implementation of all work in a coordinated manner by carrying out research on the standard system, strengthening the revision of the standard system, carrying out standard demonstration and improving the management system of standardization organizations.
4. According to the news of the National Medical Insurance Bureau in official website on June 5438+04, from June 5438+0 to September 2022, the national basic medical insurance participation rate was stable at 95%. The total income of the basic medical insurance fund (including maternity insurance) was 214911800 million yuan, up 5.5% year-on-year. Income from employee basic medical insurance fund (including maternity insurance)14,690.95 million yuan. The income from the basic medical insurance fund for urban and rural residents was 680.022 billion yuan. The total expenditure of the basic medical insurance fund (including maternity insurance) was1728.593 billion yuan, down by 0.5% year-on-year, which was mainly due to the payment of vaccines and vaccination fees in COVID-19 in the same period last year, and the related expenditures in this period were greatly reduced. Expenditures on employees' basic medical insurance funds (including maternity insurance) were1072.697 billion yuan, up by 0.4% year-on-year, of which maternity insurance benefits were 63.095 billion yuan. Expenditure on the basic medical insurance fund for urban and rural residents was 655.896 billion yuan, down 2.0% year-on-year.
Institutional point of view
Regarding the current market, orient securities believes that with the further introduction of recent policies, market confidence will gradually recover, and the oversold sector with favorable policies in the previous period will be given priority. The short-term market's expectations for the economy are revised upwards, and the short-term stable growth sector wins the game. After the scissors difference is repaired, it will turn to the growth plate again. In the medium and long term, some industries such as scenery storage, military industry, medicine, independent control and high-end manufacturing will remain unchanged.
Guohai Securities said that at this stage, the A-share market has allocation value and opportunities for growth value. Real estate financing will restore economic expectations, and there are opportunities for oversold rebound in the real estate chain and consumer chain. The medium-term dimension focuses on the growth sector, and the subdivision areas include two main lines: safe development and independent control.
Hua Fu Securities pointed out that the market style will be more biased towards value stocks. We can increase the allocation of leading sectors in finance, real estate and liquor. Of course, the long-term growth of semiconductors and military industry can also be concerned. In addition, after the adjustment of relevant policies, the position of medical resource reserve in prevention and control is more important, so leading enterprises such as medical devices and ventilators also deserve special attention.
Western Securities mentioned that from the structural point of view, the disclosure of the third quarterly report ended, the market turned to the expectation of next year's economy, and the valuation switching market of the pharmaceutical, household appliances, food and beverage, and financial real estate industries gradually began. With the improvement of scientific and precise prevention and control level, we will focus on investment opportunities in offline consumer industries that benefit from the rising flow of people. Under the guidance of long-term policy objectives, agriculture, semiconductors, innovation and military industry, which are closely related to resources and information security, are still worthy of attention. The theme suggests focusing on opportunities such as virtual reality and digital currency.
Caitong Securities believes that it is necessary to grasp the policy-driven "warm winter market" in the short term; Paying long-term attention to the recovery of economic data under the suppression of long-term demand by epidemic situation, it is suggested that the trading time should be "market expected improvement+short-term economy"; This section focuses on two main lines: first, consumer services damaged by the epidemic and reversed at the bottom, and second, medical infrastructure construction.
Huaan Securities said that it is recommended to give consideration to medium and long-term advantages and short-term rebound elasticity in industry configuration. More specifically: 1) There is a rebound opportunity in the market. It is expected that the growth hot track will not be absent, and we can continue to grasp the medium and long-term advantages of the new energy track. The liquidity is loose and abundant, the comparative advantage of performance and prosperity is established, and the market sentiment is improved. Under the mapping of the high elastic rebound of the growth direction represented by NASDAQ in the United States, the long-term advantages of the growth hot track still exist, and the current valuation-performance expectation ratio has been excellent after a sharp drop in the previous period. We can mainly focus on energy storage, photovoltaic and wind power in new energy sources, as well as the upstream materials and midstream manufacturing fields in new energy vehicles.
2) In the field of consumption, it is suggested to pay attention to varieties with long-term investment logic. Such as medical equipment and business related to equipment renewal and refinancing; Liquor with high demand toughness, stable and high growth performance and relatively high risk preference; As well as the moderate recovery of pig prices in the medium and long term, the performance flexibility is great, and animal health care and vaccines are expected to break through the research and development of swine fever vaccines.
3) In the context of optimistic about the overall rebound of the market, the brokerage sector is expected to become the weather vane of the market. With the marginal optimization of domestic related policies, the core inflation in the United States has fallen sharply, and the two core factors restricting the market rebound have gradually weakened. The market has shown a more positive rebound signal. In the context of optimistic about the overall rebound of the market, the brokerage sector is expected to achieve excess returns.
4) The real estate beta market catalyzed by marginal relaxation of policy regulation is expected to continue to be interpreted. At present, the fundamentals of the real estate industry have not stabilized, and there are still expectations for the subsequent real estate incremental policy. It is recommended to continue to pay attention.