The stock indexes of the two cities fluctuated and rose, and the northbound funds entered in a big way.
As of the close of trading on March 3, the Shanghai Stock Exchange Index reported 3576.9 points, up 1.95%; Shenzhen Component Index reported 14932.39 points, up 1.23%; ChiNext Index reported 2997.75 points , Rose 1.04%.
Northbound funds bought a net 9.01 billion yuan on the day, significantly increasing their positions in financial stocks. Ping An of China, China Merchants Bank, and Ping An Bank received net purchases of 1.042 billion yuan and 597 million yuan respectively. Yuan, 362 million yuan; BOE A bought 676 million yuan, and China CDF and Hengrui Pharmaceutical bought more than 300 million yuan. In terms of net sales, Kweichow Moutai bucked the market with net sales of 282 million yuan, net sales for 5 consecutive days, with a total net sales of 12.62 billion yuan since the beginning of this year; Sany Heavy Industry, Oriental Fortune, Zijin Mining, and Longji have net sales of more than 2 100 million yuan.
Cycle, the financial sector broke out, Bank of Nanjing, Bank of Ningbo, Baotou Iron and Steel Co., Ltd., Guangsheng Nonferrous Metals, Anshan Iron and Steel, Shagang, Valin Iron and Steel, Minmetals Rare Earth and other daily limit, Baosteel Shares rose more than 9%, China Merchants Bank, China Construction Bank, and Ping An Bank rose more than 6%. Titanium dioxide concept led the rise of theme stocks, and China Nuclear Titanium Dioxide and other multiple stocks closed the board. Kweichow Moutai rose about 4%, boosting liquor stocks.
Everbright Securities believes that the current valuation of A-shares is generally at a relatively high level, and valuations between sectors are clearly differentiated. The valuations of large-cap stocks and consumer stocks are at historically high levels. The valuations of small and medium-cap stocks, cyclical stocks and other sectors are at historically low levels. After the Spring Festival, the style of the A-share market has switched to a certain extent. The high-valuation sector continues to adjust, and the low-valuation sector continues to be repaired. According to the historical review results, the valuation gap between the high and low valuation sectors of A-shares will tend to converge under three circumstances. : (1) Economic cycle recovery improves the fundamentals of undervalued industries, focusing on PPI; (2) Liquidity tightening helps weaken the high valuation style; (3) Special industrial policies or themes may cause industry valuations to converge . At present, the domestic economy continues to recover, the upward trend of PPI is established, and the margin of easing policies has been tightened. The domestic economic and market environment is similar to the historical environment when the high and low valuations of A shares converged. The trend of A-share style switching and high and low valuations convergence Will continue.
On March 4th, these news are worth paying attention to:
1, March 3, the Shanghai Municipal Housing and Urban-Rural Construction Management Committee and Shanghai Municipality The Planning and Natural Resources Bureau and the Shanghai Municipal Housing Administration jointly issued the “Notice on Further Strengthening the Administration of the Municipality’s Real Estate Market” (referred to as the “Notice”) to further increase the regulation and control of the real estate market. “Notice”Really implement housing sales restrictions. The newly-built commercial housing purchased in accordance with the priority purchase policy can only be transferred after 5 years of signing and filing the house purchase contract online.
2. Domestic oil prices ushered in the first “eight consecutive rises” in history. The National Development and Reform Commission announced that starting at 24:00 on March 3, domestic gasoline and diesel prices will increase by 260 yuan and 250 yuan per ton respectively. On the national average, 92 gasoline rose 0.20 yuan per liter; 95 gasoline rose 0.22 yuan per liter; 0 diesel fuel rose 0.21 yuan per liter. According to the estimation of the 50L capacity of a general family car’s fuel tank, a full tank of 92# gasoline will cost 10 yuan more.
3. The State Administration of Market Supervision has improper prices on five community group buying companies including Orange Heart Selection, Dodo Shopping, Meituan Selection, Shihui Group, and Shixianghui Administrative penalties for acts. Among them, in addition to the 500,000 yuan fine of Shixianghui, the remaining four community group buying companies were fined 1.5 million yuan each.
4. The Development and Reform Commission presided over a symposium. The meeting requested the Supply and Marketing Cooperatives to base themselves on the recycling and utilization of renewable resources and the daily consumer goods business chain network, and accelerate the cultivation of a group of leading recycling processes Enterprises; accelerate the construction of established dismantling and treatment projects, and focus on improving the dismantling and treatment capacity of waste and used home appliances.
5. According to the Securities Times, the first draft of the “14th Five-Year Plan” for new energy development was released. A few days ago, the National Energy Administration issued the “Notice on Matters Concerning the Development and Construction of Wind Power and Photovoltaic Power Generation in 2021 (Draft for Solicitation of Comments)”, giving many directional opinions on the development of new energy in 2021 and the “14th Five-Year Plan”. Regarding the issue of new energy consumption, the document proposes two ways of guaranteed grid-connected and market-based grid-connected. Among them, the guaranteed grid-connection will be competitively allocated by the provincial energy authorities based on the on-grid electricity price of the project or the subsidy amount of the project in operation by the same owner.
6. On March 3, Lingang New Area released a special plan for the integrated circuit industry (2021-2025). By 2025, the scale of the integrated circuit industry will exceed 100 billion yuan , To introduce and cultivate more than 5 leading chip manufacturing companies at home and abroad; form 5 equipment and materials companies with annual revenues of more than 2 billion yuan; cultivate more than 10 listed companies, focusing on 5G, CPU, artificial intelligence, Internet of Things, and autonomous driving The development and growth of a number of unicorn design companies in other subdivisions; advance the construction of 6-inch and 8-inch GaAs, GaN and SiC process lines, and accelerate the verification and application of compound semiconductor products for 5G, new energy vehicles and other application scenarios.
7. Proposed by Ma Huateng, representative of the National People’s Congress, Chairman and CEO of Tencent’s Board of DirectorsAt 80 US dollars per ounce, spot gold closed at US$1710.95 per ounce, and fell to US$1701.40, the lowest level since June 2020.
[Extended Reading] A major positive and negative announcement affecting listed companies on March 4th:
Chengdu Gas: Signed the “Chengdu-Chongqing Twin City” with Chongqing Gas Energy Synergy Development Comprehensive Strategic Cooperation Agreement; the two parties will further discuss choosing opportunities to expand gas projects and related new businesses in Chengdu, Chongqing and other places through joint ventures, discuss the establishment of research institutions, and jointly explore the industrialization of new energy technologies.
Longxi Co., Ltd.: plans to implement a green intelligent manufacturing technology transformation project for joint bearings, with a total investment of 445 million yuan.
SDIC Power: The Sichuan Provincial Development and Reform Commission agreed to build the Mengdigou Hydropower Station on the Yalong River. Calculated at the price level in the first half of last year, the static investment of the project was 26.174 billion yuan, and the total project investment 34.722 billion yuan.
Minsheng Bank: The central bank agreed to the company’s public issuance of no more than RMB 75 billion in unlimited capital bonds in the national inter-bank bond market.
Baida Group disclosed the results of Chen Xiaxin’s tender offer. During the tender offer period, a total of approximately 13.242 million shares finally accepted the offer from Chen Xiaxin. The company’s shares will resume trading on March 4.
Lao Fengxiang’s performance bulletin: In 2020, it will achieve operating income of 51.722 billion yuan, an increase of 4.22%; net profit of 1.586 billion yuan, an increase of 12.64%; basic earnings per share of 3.03 yuan .
Ruiming Technology Performance Bulletin: In 2020, it will realize operating income of 1.609 billion yuan, a year-on-year increase of 2.9%; net profit of 234 million yuan, a year-on-year increase of 20.31%; basic earnings per share 1.36 yuan.
Yongdong shares performance report: in 2020, it will achieve operating income of 2.387 billion yuan, a year-on-year decrease of 16.41%; net profit of 158 million yuan, a year-on-year increase of 74.06%; earnings per share 0.42 yuan.
Zanyu Technology Performance Bulletin: Revenue 7.839 billion yuan in 2020, a year-on-year increase of 19.14%; net profit 3.48 billion yuan, a year-on-year decrease of 1.71%; earnings per share were 0.83 yuan.
Yutong Bus: The sales volume in February was 1,321, a year-on-year increase of 241.34%.
Vanke A: In February, the contracted sales area reached 2.762 million square meters, and the contracted sales amount was 45.16 billion yuan; from January to February, the company realized a total of 6.749 million square meters of contracted sales area Meters, the contracted sales amount is 116.63 billion yuan.
Common people: It is planned to raise no more than 1.74 billion yuan for new chain drugstore projects, East China pharmaceutical product sorting and processing projects, enterprise digital platforms and new retail construction projects, Supplement working capital.
Ping An of China: The Annual General Meeting of Shareholders intends to review and approve the H share issuance proposal, and grant the board of directors a general authorization to allot, issue and process no more than the company’s issued H shares 20% of the new H shares, that is, no more than 8.15% of the company’s total issued share capital, and the discount (if any) of the issue price to the benchmark price of the securities shall not exceed 10%.
Shanshan: Its subsidiary Zhangjiagang Shanjin plans to invest in the construction of 2 LCD polarizer production lines in Zhangjiagang Economic and Technological Development Zone, with a planned production capacity of approximately 40 million square meters/ In 2009, the fixed asset investment amount was about 2.187 billion yuan to expand the scale of production. The project is expected to start construction in September 2021, with a total construction period of about 27 months.
Lianming shares: plans to acquire 100% of the shares of Lianming Packaging by issuing shares. The overall assessment value of the 100% shares of Lianming Packaging this time is 549 million yuan.
Blue Lithium Core: It is planned to invest in the construction of a high-efficiency new-type lithium-ion battery industrialization project in Huai’an Qinghe Economic Development Zone. The total investment of the project is planned to be 5 billion yuan, and a new 4 billion AH cylinder will be built Lithium battery industrialization project.
JA Solar: Signed the “Strategic Investment Framework Agreement” with the People’s Government of Qidong City, Jiangsu Province. The company plans to invest in the construction of 20GW photovoltaic cells and modules in Qidong Economic Development Zone, Jiangsu Province And supporting photovoltaic equipment projects, the planned total investment is 10.2 billion yuan.
Shuangliang Energy Conservation: Won the bid for Yunnan Tongwei High-Purity Crystalline Silicon Co., Ltd. Phase I 40,000-ton high-purity crystalline silicon project heat exchanger bidding project, with an estimated bid amount of RMB 68.307 million.
Yueyang Forest Paper: Chengtong Kaisheng Ecological Construction Co., Ltd., a wholly-owned subsidiary, won the bid for the EPC project of the first tender section of the branch road surrounding Xi’an Olympic Sports Center in Xi’an International Port District, with a bid price of 108 million yuan.
Zhongda De: Signed a 100 million yuan product sales contract.
Nanwei shares: controlling shareholder Li Ping and his Li Yongping, acting in concert, plans to reduce his holdings by no more than 4%.
Jin Hongshun: shareholders GOLD CRANE GROUP LIMITED, Gaode Investment Co., Ltd., Zhangjiagang Zhongqing Investment Management Co., Ltd. People acting in concert, the above-mentioned shareholders calculated that the reduction of the company’s shares shall not exceed 6% of the total share capital.
NavInfo: Shenzhen Tencent Industrial Investment Fund Co., Ltd. due to its shareholding Passive dilution of the proportion and reduction of the company’s shares through block trades have resulted in a cumulative decrease of 5.18% of the shareholding ratio, and the current shareholding ratio is 6.10%. Shanxi Coking & Chemical announced that its share price has changed in an announcement. , After self-examination, the company’s current production and operation conditions are normal, and the market environment or industry policies have not undergone major adjustments. Recently, the price of coke products has fluctuated greatly, and there is uncertainty in the future price trend of coke products.
Erdos disclosed a stock price change announcement that since December 2020, the company’s ferroalloy industry has been affected by many factors, and the price range has moved upward, with recent fluctuations, and there is uncertainty in future price trends.
The Shenzhen Stock Exchange issued a letter of concern to Beijing Culture that the company’s basic account was frozen and the account had frozen funds of 1.35 million yuan, requesting additional disclosure of the company’s bank account settings, and Fully self-examine whether other bank accounts have been frozen, including the percentage of frozen bank accounts, the percentage of frozen funds in the company’s most recent monetary fund balance, and the main circulation and purpose of daily funds in frozen accounts.