Weekly Report on A-Share Market (2022/02/11)

2022-05-29 0 By

Market review – After the holiday, A shares rebounded, low blue chips favored by funds, banks, real estate, infrastructure, oil and gas, coal and other rising.In style, the size of the division is serious.Ningde times led by the track stocks have become a disaster area, photovoltaic, lithium, new energy tragic.As ningde nearly 20% of the weight, with the gem refers to the slump.Midweek rumors of public offering elder sister was a large redemption, triggering further stampede in the pharmaceutical sector, among which, the CRO plate in Wuxi Wuxi Led the fall, other subdivision industries killed a white horse a day to worship, Mindray, Hengrui, Aimei Huang, Pien Zi Huang have broken the position.With the collapse of the fund group shares, the public raised fear of facing redemption pressure, compared with the redemption tide, before the holiday, many public raised to get the task of self-purchase plan is a drop in the ocean.Data sources: wind information | deadline:2022/02/11 — Macroeconomics — The US Consumer price index (CPI) rose 7.5% in January from a year earlier, the largest year-on-year increase since February 1982, according to the latest data released by the US Labor Department on February 10. The increase exceeded economists’ expectations and further reinforced market expectations that the Federal Reserve will start raising interest rates in March.On the same day, the central bank released data on social financing in January, which increased by 6.17 trillion yuan, 984.2 billion yuan more than the same period last year.Scale inventory was 320.05 trillion yuan, up 10.5% year on year.Among them, RMB loans increased by 3.98 trillion yuan in January, the highest in a single month and an increase of 394.4 billion yuan year-on-year.The scale of social finance increase exceeded expectations, but the structure of the same period last year has changed greatly.According to January financial statistics report comparison: RMB loans increased by 3.98 trillion yuan, the same period last year increased by 3.58 trillion yuan;Household loans increased by 843 billion yuan, compared with 1.27 trillion yuan a year earlier;Short-term loans increased 100.6 billion yuan, compared with 327.8 billion yuan a year earlier;Medium – and long-term loans increased 742.4 billion yuan, compared with 944.8 billion yuan in the same period last year.Loans to enterprises increased by 3.36 trillion yuan, compared with 2.55 trillion yuan in the same period last year.Short-term loans increased by 1.01 trillion yuan, compared with 575.5 billion yuan a year earlier.Medium – and long-term loans increased 2.1 trillion yuan, compared with 2.04 trillion yuan in the same period last year.Two distinct features can be seen: first, loans are skewed towards enterprises (public institutions), with the increase in household loans also decreasing by 33.6% over the same period last year;Second, there is a large increase in short-term loans.The People’s Bank of China released a report on the implementation of China’s Monetary Policy in the fourth quarter of 2021, which said that “the loan market quoted interest rate (LPR) reform will be brought into full play. Since December 2021, the LPR of 1-year and 5-year maturity will decrease by 15 basis points and 5 basis points respectively, leading to a downward trend in corporate loan rates.”The weighted average interest rate on corporate loans for 2021 is the lowest level in more than four decades of reform and opening-up.”Firmly adhere to the house, and “is used to live, not to fry, insist on not to real estate as a means of short-term stimulus, insist on land price, stable prices, stable expectations, well implement the real estate financial prudent management system, increase the intensity of housing lease finance support, maintenance of housing consumers’ legitimate rights and interests, to better meet the buyer reasonable demand for housing,To promote the healthy development and virtuous cycle of the real estate market.”The next stage of policy thinking, mentioned “maintain reasonable growth of money and credit.Pay close attention to marginal changes in the economic and financial situation at home and abroad…We will use a combination of monetary policy tools to maintain adequate liquidity and guide market interest rates to fluctuate around the policy interest rate.”Combined with the financial statistics report and the fourth quarter monetary policy implementation report, the possibility of continued comprehensive interest rate cuts in the near future is not.Note: A positive number means stronger than the market average, while a negative number means weaker than the market average. The chart only represents relative market strength, not absolute return.2022 style preferences relative strength trend data source: string high quantitative team | deadline: 2022/02/11 after the first week, has experienced the first week after the big winners in the wave super fell rebound, before the last two trading days to carry on the decline.Style aspect, maintained with section before plunge almost consistent.High-cap and growth stocks rebounded the least and continued their previous downtrend, with large-cap stocks weaker than small-cap stocks.Concern about high – quality stocks to get a second dip to support the opportunity.