Track stocks collectively pulled back, financial stocks rose to support the market, and agricultural stocks rose against the trend-clevelanddrifters.com

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Track stocks collectively pulled back, financial stocks rose to support the market, and agricultural stocks rose against the trend

time：2023-03-24 01:43:32 source：clevelanddrifters.com author：Technology stocks

Track stocks collectively pulled back, financial stocks rose to support the market, and agricultural stocks rose against the trend

On Wednesday, the three major A-share indexes opened higher and lower all day. Although the brokerage and insurance sectors rose during the session, the overall performance of the market was weak. As of the close, the Shanghai Composite Index fell 1.86%, the Shenzhen Component Index fell 2.88%, and the ChiNext Index fell 3.64%. The turnover of the Shanghai and Shenzhen stock exchanges has increased compared with the previous day, reaching 1.13 trillion yuan. Northbound funds sold a net 6.615 billion yuan throughout the day. On the disk, the new energy sector led by the Ningde era has become the main force in the sell-off, and sectors such as photovoltaics, new energy vehicles, lithium batteries, and robots have all experienced sharp corrections. The trend of the collective callback of the Ningde era in the new energy track has attracted the attention of the market. Yesterday, the stock price of Ningde Times opened up nearly 3%, and then went all the way down. As of the closing price, it was 524 yuan, a decrease of 5.91%, and the daily turnover was nearly 16.3 billion yuan. On the evening of August 23, CATL announced its 2022 semi-annual report. In the first half of the year, its operating income was 112.97 billion yuan, a year-on-year increase of 156.32%; the net profit attributable to listed companies was 8.17 billion yuan, a year-on-year increase of 82.17%. It is worth noting that CATL achieved a rapid increase in revenue and profit in the second quarter, and net profit attributable to the parent increased by 163.91% year-on-year to 6.675 billion yuan. From a fundamental point of view, the overall performance of Ningde era is good, which is optimistic about the sell-side institutions. According to the latest research report of CICC, the shipments of CATL grew rapidly in the first half of the year, and overseas business continued to increase. We are optimistic that the price increase of CATL will be further implemented in the second half of the year, and the price of the superimposed part of the middle and upstream links will fall, which will drive the continuous improvement of profitability, and raise the target price to 720 yuan. Led by the Ningde era, the new energy track cooled down across the board yesterday, and sectors such as new energy vehicles, photovoltaics, and wind power were among the top decliners. In the new energy vehicle sector, many stocks such as Jianghuai Automobile, Tiancheng Automatic Controls, and Water shares fell by the limit. In the photovoltaic equipment sector, Shangneng Electric, Roshow Technology, and CITIC Bo fell more than 7%. Financial stocks rose to support the market Agricultural stocks rose against the trend. Yesterday's session, the brokerage sector was the first to start, and the financial stocks collectively rose to support the market. Guoyuan Securities once rose by the daily limit and closed up 5%, while Huaxi Securities and Great Wall Securities rose. In addition, the insurance sector also ushered in a long-lost rise. China Life Insurance rose by nearly 5%, Tianmao Group and China Ping An rose by more than 2%, and China Pacific Insurance, PICC and others followed suit. Essence Securities said that the current market trading activity has improved significantly compared with the end of April this year, and the stock-based trading volume and the scale of two financing have remained relatively high for many consecutive weeks. The sector has strong valuation recovery momentum. Some institutional analysts believe that from a fundamental point of view, the main negative factors in the insurance sector have been cleared, and the marginal improvement in the performance of the semi-annual report may lead to a wave of valuation repairs. Guosen Securities predicts that in the second half of the year, the sales of new life insurance will enter an upward space, the value of new business will continue to maintain positive growth, and the industry's prosperity will continue to improve; the leader of the property insurance industry may maintain a stable and upward trend. Yesterday, the agricultural planting sector bucked the trend and strengthened. Among them, black sesame rose by the daily limit, Fengle Seed Industry rose by more than 8%, and Dabeinong, Longping Hi-Tech, Suken Agricultural Development, etc. followed. Guojin Securities said that the global grain pattern is still in a tight balance, and it is expected that grain prices will remain high and volatile, and the planting industry is expected to maintain a high degree of prosperity. It is recommended to pay attention to the leading seed enterprises with obvious advantages in transgenic technology and core breeding advantages. The agency said that the semi-annual report has disturbed market risk appetite. August is coming to an end, and the disclosure of the semi-annual report is coming to an end. The agency believes that it is not ruled out that some industry profit expectations may be revised down in stages, and the market risk appetite may be disturbed. Haitong Securities said that according to the historical laws of the A-share market, listed companies with poor performance usually disclose their semi-annual reports later. Therefore, the market will adjust at the end of August and early September. The market adjustment since July has entered the late stage, and the medium-term performance of new energy, digital economy and other sectors is still dominant. At the industry level, continue to be optimistic about new energy and other high-prosperity growth sectors. The strategy team of Zheshang Securities believes that the main line of the market is still growth, but the growth sectors will also be differentiated. The rising market of stocks lacking fundamental support will gradually ebb, and stocks with industry and profit support will continue to rise. According to the prosperity and stock price performance, Zheshang Securities recommends paying attention to three main lines: first, expectation-driven, the market value space and industrial explosive power of automotive intelligence and industrial intelligence are considerable; second, cash-driven, the energy storage, photovoltaic and wind power sector market will go deeper The third is that the initial stage of fulfillment has passed, but the compound growth rate in the future is considerable, and the market outlook will be divided, but the expected difference is large, and you can pay attention to the semiconductor and military sub-fields. On the news, on August 24, the General Office of the Ministry of Industry and Information Technology, the General Office of the State Administration for Market Regulation, and the General Department of the National Energy Administration jointly issued the "Notice on Promoting the Coordinated Development of the Photovoltaic Industry Chain Supply Chain", which mentioned: It is necessary to avoid industrial convergence, vicious competition and market monopoly; do not hoard and resell resources such as power station development; encourage relevant enterprises and public trading institutions to reasonably carry out material reserves such as polysilicon and batteries, and hoarding is strictly prohibited. Industry insiders believe that the notice will play a role in promoting the orderly development of the photovoltaic industry in the next step, and will help to improve the current situation of supply and demand mismatches in the industry and severe price fluctuations in some supply chains, guide the scientific development of the industry, and avoid the emergence of industrial Convergence and vicious competition.

(Responsible editor：Education stock)

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