Five characteristics of the new weather of A shares in the new year reflect new possibilities for investment
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Original title: Five characteristics of the new weather of the A-share new year reflect the investment and new income Securities Daily Zhang Ying At the beginning of the new year, the A-share market has been active after the debut, and the three major stock indexes have all received the K-line Liulianyang for a new look.A new “lift”.
In the consensus of all parties in the market, investors also smelled of a “bull market”.
In the eight trading days since the beginning of this year, through careful observation and analysis, the author found that five new characteristics emerged in the stock market, which contained new investment opportunities.
First of all, favorable policies are frequent and the economy is picking up.
On January 1, 2020, the People’s Bank of China announced that in order to support the development of the real economy and reduce the actual cost of social financing, it was possible to reduce the deposit reserve ratio of financial institutions by 0 on January 6, 2020.
The latest domestic economic data released in December 2019 also shows that the economy is picking up.
CITIC Securities stated that in January, counter-cyclical policies began 北京桑拿洗浴保健 to be intensive, monetary policy was reduced by 50 basis points across the board, and the issuance of special fiscal policy debt was obvious.
Improvements in exports and domestic infrastructure investment will further boost domestic demand, and the macro economy in the first half of 2020 may be better than expected.
In fact, the amount can be enlarged, and the effect of making money appears.
Since 2020, with the steady rise of the market, the turnover of Shanghai and Shenzhen has also shown a steady increase.
Especially on January 6, the turnover of the Shanghai and Shenzhen markets totaled 8040.
7 trillion, a new high of more than 8 months, a surge of 1086 over the previous trading day.
Third, the Shanghai and Shenzhen stock markets diverged.
It can be seen that the Shanghai Stock Exchange Index welcomed 3107 on January 6.
After a phase high of 2 points, it has been hovering below 3100 points.
However, the SZSE Component Index and the GEM Index continued to move forward. On January 10, the SZSE Component Index once again hit 10933.
A new high of 81 points; the ChiNext Index also approached a two-year high and rushed to 1917.
Therefore, Jufeng Investment Gu believes that the divergence of the two cities indicates a certain divergence in the market, indicating that the current Shanghai Stock Index is distorted, because the current enthusiasm for long positions is concentrated on small market value stocks, and the large market value target is temporarily left out.
Fourth, domestic capital has accelerated its admission.
At the beginning of the new year, funds represented by Liangrong are accelerating running admission, and the financing balance has increased by 277 year-to-date.
7.9 billion yuan.
“Securities Daily” reporter statistics found that as of January 9, the financing balance of the Shanghai and Shenzhen stock markets has further climbed to 10332.
83 trillion, stick to one trillion, and set a new high.
As an important “weather vane”, the continuous rise of Liangrong data is sure to release positive information to the market.
Fifth, foreign countries continued to increase their A shares.
On Friday (January 10), Kitakami funds continued to flow into A shares, with a net inflow of 49.
USD 4.2 billion, a net inflow of 38 consecutive trading days.
Statistics show that as of January 10, 2020, the total net inflow of funds to the north has reached 468.
The continued purchase of Kitakami Capital has not only boosted the A-share merger, but also demonstrated its optimism for A-shares.
It is reported that on January 8th, at the 2020 Global Economic and Market Outlook Conference, Dr. Wang Qian, chief economist of the Asia-Pacific region of Vanguard Group, the world’s largest public fund company, predicted that the annualized return on A shares will be 7 in the next 10 years.
Between 5%, it will be significantly higher than the US stock market and higher than many other global markets.
In general, the state estimates that under the guidance of the “quartet” of residential allocation, institutional allocation, and global allocation, the era of equity that truly belongs to China is about to begin, and A shares will usher in a “long cow.” For new opportunities for new year investment, CICC recommends focusing on three main lines around consumption upgrades and industrial upgrades: First, food and beverage, pharmaceutical and some service industries that often outperform during high prices, and benefit from higher food pricesAgriculture and related fields; second, benefiting from the deepening of 5G and the application cycle, China’s technology industry industry chain decomposes two main lines of technology-related industries; third, it is relatively backward in the consumer sector, with low estimates, low expectations, low positions but low future positionsIndustries that may change positively, such as home appliances, automobiles, etc.
In summary, the author believes that the current market has reached a consensus that the internal and external policy environment will gradually improve in the future.
Market risk appetite will be improved, and the A-share market is expected to usher in new investment opportunities.