Jufeng Investment Advisory Morning Comment Short term A shares are expected to continue to rebound

Mondo Finance Updated on 2024-02-07

List of high-quality authors Author|Ding Zhenyu, editor|Yu Xiaoming.

*: Jufeng Investment Advisory, good ** application.

Jufeng view

On February 6, A-shares rose sharply, and the Growth Enterprise Market rose 671%, the Shenzhen Component Index rose 622%, the Shanghai Composite Index rose 323%。The full-day trading volume of the two cities was 926.3 billion, showing a pattern of large-scale growth. On the disk, energy metals, biological products, non-metallic materials, electronic chemicals, medical devices, chemical pharmaceuticals, small metals, semiconductors, photovoltaic equipment, rubber products, traditional Chinese medicine, wind power equipment, batteries and other sectors rose more than 6%. In terms of subject plates, semiconductors, recombinant proteins, heparin concepts, pox virus prevention and control, monoclonal antibody concepts, drugs, hepatitis concepts, immunity, science and technology innovation boards, and innovative drugs rose by more than 8%.

In early trading, the three major A-share indexes collectively **, the GEM index rose more than 3%, the net northbound funds exceeded 4 billion, and there were 3,291 companies in the two cities, of which 539 fell to the limit. On the disk, energy metals, exclusive drugs, monoclonal antibody concepts, heparin concepts, first-class drugs, biological products and other sectors are at the top of the list of gainers. Shell resources, education, engineering consulting services, new urbanization, real estate services, decoration and decoration, childcare services, generator concepts, building energy efficiency and other sectors led the decline.

At noon, the A50 futures index rose sharply to 5%, and the stock index rose rapidly in the afternoon, with the ChiNext and Shenzhen Component Index rising more than 6%, the Shanghai Composite Index rising more than 3%, and the Shanghai Composite Index once touched 2,800 points, after which the gains narrowed slightly. Small-cap stocks picked up in the afternoon, the Beijing Stock Exchange 50 Index, the CSI 2000 Index, and the CSI 1000 Index all rose by more than 7%, and the number of the whole market once exceeded 4,600 in the afternoon, and more than 1,200 rose by more than 7%, and the fall limit was reduced to 25. However, the number of stocks that fell in late trading rose again to 141, and ** decreased to 3,829.

Northbound funds joined the inflow in the afternoon, with a net inflow of 12.6 billion yuan throughout the day. It is expected that after a short-term wide range**, the liquidity of small and micro caps will improve, and the market will gradually return to calm.

Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to gradually come out of the trough. In the past four months, domestic counter-cyclical adjustment measures have been intensively introduced, showing that the bottom of the policy has been confirmed, and ** is moving from the bottom of the policy to the bottom of the market. Externally, the three major U.S. stock indexes collectively closed higher, large technology stocks were mixed, Nvidia and Meta adjusted slightly, and Intel, Google, and Apple slightly**; Popular Chinese concept stocks rose, with Weilai, Bilibili, and iQiyi rising more than 12%, Xpeng Motors rising more than 11%, and Li Auto rising more than 10%. Domestically, the supervision of securities lending and borrowing has once again issued a "combination punch", suspending the scale of new refinancing securities, and proposing for the first time to strictly prohibit securities lending and borrowing in disguised T+0;**Huijin Company made the fourth move to protect the disk in half a year; As the concentrated knock-in of snowball products comes to an end, it is expected that the CSI 500, CSI 1000, ChiNext, Kechuang 50 and other indices are expected to expand**. However, the Spring Festival is approaching, and investors should focus on the reform of state-owned enterprises, low valuations, high-dividend blue chips, and broad-based index ETFs in the short term.

Message plane

The spokesman of the China Securities Regulatory Commission answered reporters' questions on the relevant situation of the "two financing" securities lending business

After research, it was decided that the Commission would put forward three measures to further strengthen the supervision of the securities lending business: first, suspend the scale of new refinancing securities, with the balance of existing refinancing securities as the upper limit, suspend the scale of refinancing securities of new ** companies in accordance with the law, and gradually close the stock; The second is to require the company to strengthen the management of customer trading behavior, and strictly prohibit the provision of securities lending to investors who use securities lending to implement intraday rotation trading (disguised T+0 trading); Third, we will continue to strengthen supervision and law enforcement, and we will crack down on illegal activities such as improper arbitrage through the use of securities lending and borrowing transactions in accordance with the law to ensure the smooth operation of securities lending and borrowing business.

**Huijin sold for the fourth time in half a year to protect the disk, and the equity ETF inflow at the beginning of the year was as high as 784.1 billion

On February 6, ** Huijin Company announced that it fully recognized the value of the current A** market allocation, and has recently expanded the scope of exchange-traded open-ended index ** (ETF) holdings, and will continue to increase its holdings and expand the scale of its holdings, and resolutely maintain the smooth operation of the capital market. Two signals are clear, one is the recent expansion of the scope of holdings; It is to expand the intensity and scale of the holdings. The purpose is clear: to resolutely maintain the smooth operation of the capital market.

The three major U.S. stock indexes collectively closed higher, and popular Chinese concept stocks rose

The three major U.S. stock indexes collectively closed higher, and the Dow rose 037%, the S&P 500 rose 023%, the Nasdaq rose 007%。New York community banks fell more than 22 percent, hitting their lowest level since September 2009. Large technology stocks were mixed, with Tesla rising more than 2%, Intel, Google, and Apple slightly**; Nvidia, Netflix, and Meta fell more than 1%, and Amazon and Microsoft slightly**. Popular Chinese concept stocks rose, Weilai, Bilibili, iQiyi rose more than 12%, Xiaopeng Motors rose more than 11%, Li Auto rose more than 10%, Weibo rose more than 8%, JD.com rose more than 7%, Vipshop, Futu Holdings, NetEase rose more than 6%, Tencent** rose more than 5%, Alibaba rose more than 4%, and Pinduoduo rose more than 3%.

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.

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