Weighted sectors led the market higher, with 20 outperforming large cap stocks still overselling

Mondo Finance Updated on 2024-02-22

**Times reporter Liang Qiangang.

On February 21, the A** market rose again**, and the Shanghai Composite Index once approached the 3,000-point mark intraday. The CSI 300 Index, which is heavily weighted**135%, leading the other indices. Northbound funds also increased their positions in a big way, with a net inflow of nearly 13.6 billion yuan throughout the day, of which 96 percent was through the Shanghai Stock Connect4.1 billion yuan, with a net inflow of 395.4 billion yuan.

On the disk, more than 4,100 ** stocks are red, of which the number of daily limit stocks exceeds 150. Wine, insurance, banking, real estate and other weighted sectors are significantly larger. Liquor stocks are red across the board, Lanzhou Yellow River, Chongqing Beer, Rock Shares and other daily limits, Luzhou Laojiao, Wuliangye, Shanxi Fenjiu, Yanghe shares and other liquor leaders all rose more than 4%.

In the banking sector, Ping An Bank's ** daily limit, the intraday daily limit was more than 1.6 million hands, which was the first time since 2023 that the stock rose by more than 5%.

*According to the statistics of Times and Databao, as of February 21, among the ** with a value of more than 50 billion yuan, there are 14 ** prices that hit a new high since 2023 yesterday, and 3 trillion-dollar market value stocks of PetroChina, Agricultural Bank of China, and Industrial and Commercial Bank of China are among them. In addition, Midea Group, COSCO Shipping Holdings, Fuyao Glass, and Shuanghui Development, which are leaders in the home appliances, shipping, automotive glass, and meat products industries, were also shortlisted.

Institutions are optimistic about the recovery of the A** field.

Recently, the China Securities Regulatory Commission has launched a series of measures, such as strengthening the supervision of securities lending business, severely punishing malicious short-selling by manipulating the market, preventing the risk of pledge, guiding various institutions to enter the market more vigorously, optimizing the regulatory mechanism for mergers and acquisitions, and enhancing the investment value of listed companies. This series of unprecedented thunderous measures offered by the regulator has achieved immediate results and has been welcomed by the market's "rising voice".

In addition, judging from multiple sets of data such as social finance data and Spring Festival consumption data in January, the fundamentals of economic operation are continuing to improve. The central bank released data showing that RMB loans increased by 4 in January92 trillion yuan, an increase of 16.2 billion yuan year-on-year; The increase in the scale of social financing in January was 65 trillion yuan, also the highest level in the same period in history, an increase of 506.1 billion yuan over the same period last year.

CITIC said that before the holiday, Huijin's expansion of the scope of purchases effectively blocked the negative feedback process of the liquidity cycle chain, and the ecological construction of the capital market shifted to optimizing the stock and strictly controlling the increment, and the return environment for investors is expected to improve; Secondly, the social finance data in January slightly exceeded expectations, and there was no shortage of bright spots in the Spring Festival consumption data, and the economic base effect was basically eliminated this year, and the policy is expected to be more flexible in responding to economic disturbances.

Guotai Junan released a research report saying that looking forward to the market outlook, compared with China and the United States, the current A** field valuation cost performance is highlighted, the allocation value is better from a global perspective, and the transaction structure is optimized and the market sentiment is warming, or there may be stronger performance. And from the experience of U.S. stocks, the competitive advantage of leading companies has been strengthened, and in the process of investor institutionalization, ** stocks have liquidity advantages and better long-term investment value.

20 top-performing stocks.

The drawdown is still more than 30%.

According to data treasure statistics, as of February 21, a total of 223 ** with a value of more than 50 billion yuan, and these **average **258%, outperforming the Shanghai Composite Index by 339 percentage points.

However, there are still some high-performing ** stocks in a state of overfall. Among the ** with a value of more than 50 billion yuan, according to the calculation of the lower limit of the performance express report and the forecast net profit, the net profit in 2023 will increase year-on-year, and the latest ** price will be retraced by more than 30% from the high point since 2023.

Among these 20**, 8 stocks have a rolling P/E ratio of less than 20 times, including Bank of Ningbo, Trina Solar, JinkoSolar, Sungrow, CATL, etc. Bank of Ningbo has a rolling P/E ratio of 594 times, ranking in the lowest position.

Since January, according to the average transaction price of the range, there are 4 shares that have increased their holdings of more than 100 million yuan in northbound funds, namely Kingsoft Office, iFLYTEK, Shanghai Airport, and Dahua Shares. There are 3 companies with a net financing of more than 100 million yuan in the interval, namely Trina Solar, Huadong Medicine, and iFLYTEK. iFLYTEK is a net of more than 100 million yuan in both northbound funds and financing funds.

The thematic data of this edition is provided by the **Times Center Database, Peng Chunxia and mapped).

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