Affected by the overnight U.S. stock market plunge, in early trading today, A shares opened lower and moved lower, with GEM and Science and Technology Innovation Board leading the decline.
On the market, energy stocks once again strengthened across the board. Coal, oil, gas and heating, flammable ice and other sectors were active against the trend. gallium nitride , Eastern Digital and Western Computing, semiconductors, culture, education and leisure sectors were among the top decliners. The net outflow of funds going north was 1.485 billion yuan.
Energy stocks moved collectively again
On the 23rd local time, Russian President Putin announced that Russia would switch to rubles for settlement when supplying natural gas to unfriendly countries.
Putin said, "It no longer makes any sense for Russia to use euros, U.S. dollars and other foreign currencies to settle our supplies to countries such as the European Union and the United States. Therefore, I decided to implement a series of measures in the shortest possible time. The payment switch, starting with gas supplies, will be settled in Russian rubles with the so-called unfriendly countries. ”
Russia’s Federation Council (the upper house of parliament) expressed support for the decision. Putin asked the Russian Central Bank and the government to formulate relevant specifications for ruble settlement with European countries within a week, and at the same time stated that it would continue to supply natural gas to Europe in accordance with the contract.
The fact that payment can only be made in rubles is bound to affect Europe's imported natural gas transactions. Amid concerns about declining supply, European natural gas once soared by more than 36%. International crude oil prices also rose sharply, with the settlement price of WTI May crude oil futures rising 4.78% to US$114.93 per barrel. Brent 5 crude oil futures settlement price rose 5.30% to US$121.60 per barrel.
Today, the main domestic liquefied gas futures contract opened higher and rose by more than 5% at one time; the main crude oil and low-sulfur oil futures contracts both rose by more than 6%, and the main fuel contract even soared by more than 8% during the session, Asphalt also rose nearly 5%; thermal coal , coking coal, coke and other major energy contracts also followed suit.
Driven by the collective rise in energy prices, energy stocks also bucked the trend and rose in early trading. The coal sector once soared by more than 3%, with Jinkong Coal and other companies leading the gains; the oil sector also rose by more than 1%, with both barrels of oil bucking the trend; the gas and heating sector once rose rapidly during the session, with water rising Gas and other prices are at daily limit.
In order to cope with the risk of significant fluctuations in traditional petrochemical energy, countries have accelerated the construction of new energy sources. Recently, China has launched major policies to promote the development of hydrogen energy. According to the China Hydrogen Energy Alliance, under the "carbon neutral" scenario in 2060, my country's annual demand for hydrogen will increase to 130 million tons. about. As a key link in the development and utilization of hydrogen energy, my country's hydrogen refueling stations have entered a stage of rapid development and are expected to reach a market size of 100 billion by 2050. Scale and localization of equipment can drive down the cost of hydrogen refueling stations.
The hydrogen energy sector has also been active in recent days. In recent morning trading, it once again rose by more than 1%. For the fourth consecutive day, Guangdong Hydropower’s has reached the daily limit of . The stock price is close to the historical high reached in 2015 ( resumed rights ). Jingcheng shares reached 3 consecutive days. The daily limit, , Yinglite, , etc. also hit the daily limit strongly.
Everbright Securities said that hydrogen energy, as a clean, low-carbon, high calorific value, diverse source, flexible storage and transportation green energy, is known as the "ultimate energy" in the 21st century. The development of the hydrogen energy industry is the only way for my country to achieve its "double carbon" goal. The country has a positive attitude towards the development of hydrogen energy. Since 2021, hydrogen energy-related support policies have been frequently introduced. The industry is expected to usher in a high boom under the catalysis of policies. Growth is expected. Calculating the size of the hydrogen energy supply side market, my country's hydrogen energy supply side market size will reach 1,302.7 billion yuan by 2050. The size of the hydrogen production side market is considerable, and the development of the hydrogen energy industry will usher in new opportunities.
The real estate sector is now divergent.
The real estate sector has diverged today after rising for 6 consecutive days. The sector index opened lower and moved higher , fluctuating slightly around yesterday's closing point. stocks have serious differences. On the one hand, Tianbao Infrastructure has hit its daily limit for 7 consecutive days, and its stock price has reached a new high in 4 years (restoration); Sunshine City has also hit its daily limit for the 6th consecutive day, Guancheng Chase , Cinda Real Estate , etc. 3 daily limit, Haitai Development and others also closed the market strongly.On the other hand, Songdu shares, which had been trading at daily limit for 7 consecutive days, fell to the limit of yesterday after opened. Today, opened and fell to the limit again. Suzhou High-tech, Zhujiang shares, etc. also suffered heavy losses.
The latest industry news, according to the Harbin Municipal People's Government website on March 23, after submitting to the municipal government for approval, in view of the "Notice of the General Office of the Harbin Municipal People's Government on Further Strengthening the Regulation of the Real Estate Market", its phased regulation has been completed mission, is proposed to be abolished. Previously, Harbin implemented a regional sales restriction policy. The policy stipulates that within the 6 districts of the main city, the authority to cancel the registration information of the construction unit’s online contract signing shall be cancelled. For any new purchase of commercial housing, it has been 3 years since the date of signing the contract for the commercial housing online. Can be traded on the market.
data from the National Bureau of Statistics shows that in February 2022, the sales price index of new commercial residential buildings in Harbin fell by 0.9% month-on-month and 3.8% year-on-year. Harbin's second-hand residential sales price index fell by 1% month-on-month and 3.4% year-on-year.
Although the real estate market control policies are gradually relaxing, real estate companies have heavy debts. In the context of a weak market, debt repayment pressure is huge. This has also led to divergent views on the real estate market.
Guojin Securities said that since March this year, real estate regulation and easing policies have been frequent, and provincial capitals and other key cities have taken measures to rescue the market. It is expected that a wide range of demand-side easing policies will be gradually introduced, with some first- and second-tier cities taking the lead in stabilizing, driving fourth- and fifth-tier cities to bottom out, and the valuations of real estate companies are expected to recover.
CITIC Construction Investment also believes that the Central Economic Work Conference has set a warm tone for macroeconomic and real estate industry policies, and real estate has been placed in an important position in smoothing the national economic cycle. In the medium and long term, the industry's production capacity has initially cleared and superimposed on the real estate market. The establishment of a long-term mechanism will help industry resources further gather in high-quality enterprises.
Centaline Real Estate pointed out that various easing expectations for real estate have appeared frequently recently, but there are not many substantial favorable policies. Therefore, the market is expecting that the recent five-year LPR can be fine-tuned, but it has not happened. Combined with the impact of the epidemic, the market rise may slow down. Overall, home buyers in the current market are looking forward to seeing more policies to reduce down payments and interest rates. .
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