January 18, this morning index differentiation, the main board index strengthened, gem index adjustment. On the market, the concept of digital economy opened stronger, but then fell back. The intraday shock of the electric power plate strengthened, Shanghai Electric Power and Xichang Electric Power rose by the daily limit, and the shares of Huaneng International and Geodian rose by more than 5%. Infrastructure plate intraday shock stronger, China Electric Construction, China Communications Construction, China Chemical, Hongrun construction rose by the limit, China Rallway, China Energy Construction, China Construction, China Railway Construction Corporation, Han Jian Heshan, Xinxing cast pipe rose more than 5%. In terms of decline, pharmaceutical stocks and prepared vegetable concept stocks fell sharply today, with more than 50 stocks down more than 10%.
By the midday close, the Prev index was up 0.94%, the Shenzhen Composite Index was up 0.3%, and the gem index was down 0.62%. In terms of northbound funds, Shanghai stocks had a net inflow of 3.887 billion in early morning trading, while Shenzhen stocks had a net outflow of 666 million in early morning trading.
On the face of the news, Yuan Da, director of the National Economic Comprehensive Department of the National Development and Reform Commission, said at a news conference on the 18th that he should step up efforts to introduce a series of policy measures to implement the strategy of expanding domestic demand. Timely study and put forward the pertinent measures to perk up the industrial operation. We should appropriately carry out infrastructure investment in advance, speed up the promotion of 102 major projects in the 14th five-year Plan, and implement the local government special bonds issued in the fourth quarter of last year into specific projects as soon as possible in accordance with the requirements of "funds follow the projects." we will pay close attention to the issued quota and strive to create more physical workload in the first quarter.
As far as the future is concerned, Zhongyuan Securities said that the sustainable rebound of the stock index in the future still depends on the over-the-counter incremental funds and the persistence of leading rising hot spots. It is expected that the Prev short-term will continue to fluctuate slightly around the annual line. Investors are advised to pay close attention to the Internet, software development, communications and other technology industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Shen Wanhongyuan believes that the high probability of the main tone is "shock stabilization", and the space and probability of running upward is greater than that of downward. At the operational level, it is suggested that on the basis of keeping the position to rise, we should pay attention to the low suction opportunities of mid-line growing varieties. In terms of the industry, the middle line can continue to pay attention to the national defense industry, electronics and securities industry, while the short-term can look for investment opportunities in the technology sector (electronics, communications, computers).
On the macro side, Ping an Securities pointed out that the interest rate cut confirms that monetary policy has turned loose, which shows the determination and urgency of policy efforts to stabilize growth.
Unlike the "jogging" pace of each 5bp rate cut in the past, both MLF and OMO interest rates fell slightly more than market expectations, confirming a shift in monetary policy towards easing. The repair of economic demand remains to be seen, and there is still room for further easing of domestic monetary policy. In terms of the impact of A-shares, short-term market contradictions have been alleviated, and market risk appetite is expected to benefit from a boost. Standing at the current time, short-term growth style is relatively dominant, it is suggested to pay attention to the digital economy, intelligent manufacturing and other scientific and technological innovation industry chain; in addition, the epidemic continues to ferment in the short term will also continue to support the prosperity of the pharmaceutical sector.
In terms of operational strategy, Everbright Securities mentioned that high-level stocks continue to shrink, and pharmaceutical stocks may be divided in the short term, so they can avoid pharmaceutical stocks in the near future, and focus on emerging sectors, digital currencies, the Winter Olympic Games, and so on. At the same time, seize the Spring Festival, the traditional holiday consumption season opportunity, can be appropriate layout of the large consumer sector.