Five factors dominate the rebound market, and northbound funds continued to flow into
htmlOn February 4, overall, sentiment in the two markets improved significantly, with more than 100 stocks hitting the daily limit, and the money-making effect enhanced. Pharmaceutical stocks that directly benefited from the epidemic have steadily strengthened. On that day, 222 html stocks in the pharmaceutical sector turned red, and 22 stocks hit the daily limit. Cloud office and online education that benefited indirectly were more active.industry growth list medical industry, pharmaceutical manufacturing, insurance, cultural education, sports and leisure, banking, software services, top growth list; tourism hotels, garden engineering, decoration, international trade, transportation and logistics have the highest growth list; concept stocks have the highest growth list of super fungi, masks, medical devices, online education, and biological vaccines.
Kunlun Health Insurance Asset Management Center Chief Analyst Zhang Wei believes that this is an expected "oversold rebound". "From the comparison of the rise and fall in the past two days, market confidence is still under construction."
Tianxin Investment Consulting believes that the market on February 4 is dominated by five factors. First, the liquidity rescue strategy of 1.7 trillion yuan was invested in two trading days, which stabilized market expectations and boosted market confidence; second, the market was killed on February 3, and a temporary comprehensive self-rescue action was launched on February 4; third, the sharp low opening on February 3 caused extremely serious technical divergence in the technical form, and the pullback was a converging behavior for technical indicators; fourth, the benefited varieties were gradually discovered, driving the rebound of popularity; fifth, the continuous bottom buying of northbound funds showed confidence in the medium and long-term A-shares.
In addition to medicine, some technology stocks have also become the pioneers of the rebound. The mistakenly killed high-performance technology stocks and Tesla industrial chain have become the targets of bottom-buying funds, successfully activate the market. Guangzhou Bandung analyzed that on the one hand, institutions have previously been crowded in this direction and have urgent operational needs. On the other hand, the epidemic has not had a big impact on technology stocks. Many light-asset Internet and software companies have resumed work, or organized employees to work remotely at home, which has not affected the order progress too much; in addition, the general tone of policies to encourage the development of technology has not changed. Driven by multiple factors, the main line of technology stocks is still the focus of investors currently.
Since the two trading days, northbound funds have continued to flow in large quantities, with a total net inflow of about 28 billion yuan in the two trading days. In this regard, Shao Yu, chief economist of Oriental Securities , said that this means that the overall view of overseas view is that China's measures to control the epidemic are strong and relatively optimistic about the progress of the epidemic. It also reflects that overseas investors remain optimistic about China's economic situation.
institutions set off a "self-purchase wave", and the repair of the market gradually unfolds
htmlOn February 4th, it is worth noting that investment institutions set off a "self-purchase wave". As of press time, more than 10 fund companies and asset management companies have announced the use of free funds to purchase equity-oriented public funds under the company. Among them, the self-purchase amounts of E Fund Fund , Huitianfu Fund , and Huaan Fund are 300 million yuan, 200 million yuan and 100 million yuan respectively, and the self-purchase amounts of other institutions vary from tens of millions of yuan.Huaan Fund's relevant person said that the decision to purchase itself is based on optimism about the medium- and long-term investment value of its fund products. The epidemic will have a one-time impact on the economy, but it will not change the medium- and long-term economic trends, nor will it change the general tone of "high-quality development" in the new era. The dividends of economic structure transformation and capital market reform will still be gradually released in the A-share market. For good companies and industries, the current adjustment is a good buying opportunity.
The impact of the epidemic has affected the market rhythm, but the view that the trend and structure of the A-share mid-term well-off bull market has been recognized. CITIC Securities pointed out that positive factors are gradually emerging, and the bottom of the gold pit has emerged, so we can start to actively allocate. Chen Guo, chief strategy analyst at Anxin Securities, said that the A-share market is currently facing a "golden pit" formed by the worsening stage of the new coronavirus epidemic, and subsequent epidemic expectations are inevitable. Therefore, what needs to be considered at present is to grasp the strategic buying points. "The repair market will gradually unfold. First, we should pay attention to companies with short-term fundamentals that are less affected by the epidemic. Second, we should pay attention to companies with short-term fundamentals that are less affected by the epidemic but have less annual performance. Finally, we should pay attention to other leading high-quality companies in various industries with larger annual performance that are affected by the epidemic."
Tianfeng Securities said that the trend of the technology industry is the most important main line in 2020. In addition to consumer electronics, the specific configuration industries also include new energy vehicles, photovoltaics, panels, media, etc.
Chief analyst of Kunlun Health Insurance Asset Management Center believes that in terms of operational strategies, individual stocks that "anti-decline" at the opening on Monday, especially those with large influx of northbound funds; industries that are consistent in the market expectations such as technology; industries such as the "backbone" that support GDP have investment opportunities; and "home economy", etc.
[Reporter] Li Hualian Zhang Yan
[Author] Li Hualian
[Source] 289 Financial Hot Spot Southern Number
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