The Shanghai and Shenzhen Component Index fluctuated and closed in the red, and individual stocks generally rose.

Driven by the overnight rise in external markets and the impending implementation of favorable domestic monetary policies, the three major A-share stock indexes collectively opened higher. In early trading, the index showed a trend of differentiation. The strength of heavyweights drove the Shanghai and Shenzhen stock indexes to rise by more than 1%, and the intraday diving of the index hit a new low for the year. In the afternoon, the Shanghai and Shenzhen stock markets resumed their uptrend, and the rise in chip stocks led to a successful turnaround in the CGI Index. To close on April 14, the Shanghai Composite Index It rose 1.22% to 3225.64 points; the Science and Technology 50 Index rose 1.11% to 975.57 points; the Shenzhen Component Index rose 1.27% to 11714.62 points; the ChiNext Index fell 0.02% to 2466.29 points.

Wind statistics show that 3,186 companies in the two cities rose, 1,385 companies fell, and 197 companies were flat.

On April 14, the total turnover of Shanghai and Shenzhen stock exchanges was 870.1 billion yuan, a decrease of 3.3 billion yuan from 873.4 billion yuan in the previous trading day. Among them, the Shanghai market turnover was 401.2 billion yuan, an increase of 3 billion yuan over the previous trading day’s 398.2 billion yuan, and the Shenzhen market turnover was 468.9 billion yuan.

A total of 93 stocks in Shanghai and Shenzhen stock markets rose by more than 9%, and 25 stocks fell by more than 9%.

Shanghai and Shenzhen Stock Connect (Northbound) trading is suspended.

New crown testing sector tops gains

In terms of sectors, the new crown testing sector tops gains, Wanfu Bio (300482), Minde Bio (300482) 002932), Jiu’an Medical (002432), Rejing Bio (688068), Seli Medical (603716), etc. daily limit or more than 10%.

Liquor stocks rose gratifyingly. Huangtai Liquor (000995), Tianyoude Liquor (002646) and other daily limit, Yilite (600197) once daily limit, Jiugui Liquor (000799), Jinshiyuan (603369), Gujing Tribute Wine (000596) and Luzhou Laojiao (000568) rose more than 5%.

Zhifei Bio (300122)’s flash crash fell by more than 15%, leading to the top decliners in the vaccine sector. Wantai Bio (603392) once fell by the limit, and CanSino (688185) fell by more than 4%.

Semiconductors once fell at the top, Lixin Micro (688601), Dongwei Semiconductor (688261), Foster (603806), JA Technology (002459), etc. fell more than 1%.

Mainly on defense, deploy in batches on dips

Guotai Junan believes that the index is expected to remain volatile at the bottom, and the current point is in the low-suction area. At present, recent policies have frequently released positive signals. In particular, it was decided at the National Standing Committee yesterday to use monetary policy tools such as RRR cuts in a timely manner to further increase financial support for the real economy, especially industries severely affected by the epidemic, small, medium and micro enterprises, and individual industrial and commercial households, and make reasonable profits to the real economy. Financing costs. Therefore, after experiencing the risk release yesterday, the market began to pick up under the stimulation of the news. However, the effect of short-term policy stimulus still needs time to be verified, especially when the impact of the epidemic and the uncertainty of the external market, the improvement of market sentiment and the improvement of corporate profit expectations need to be gradually repaired. Therefore, in the short term, the market There is a high probability that the bottom shock pattern will still be maintained.

In terms of configuration, Guotai Junan believes that it is still dominated by defense, and it is deployed in batches on dips. Currently in the disclosure period of the first quarter of the annual report, it is recommended to focus on the performance exceeding expectations, low valuation and high dividend sectors. In addition, due attention can be paid to the steady growth direction of the beneficiary economic policies, including real estate, building materials, and steel. In addition, the securities and banks’ major financial directions in the value depression can also be properly paid attention to.

Regarding the recent market trend, Aijian Securities believes that the market is still volatile, and the weights related to stable growth are performing better, while the small and medium-sized market capitalization of the growth category is relatively weak. There is still a game of stock capital in the market, and sectors are rotated. Short-term uncertainty still exists, but the development trend is positive. The market environment is still basically stable and improving, so it is not appropriate to be pessimistic. Of course, uncertainties still exist, so the market mentality is still cautious, and the rebound will be the main rhythm. In this position, neither sad nor happy, but more involved in market transactions, pay attention to the adjustment risks of high-level themed sectors, and pay attention to sectors that have shown signs of starting at low levels.

Guosheng Securities believes that the market performance is relatively flat after the Qingming holiday, mainly due to the hawkish position of the Federal Reserve and the impact of the epidemic, which have a negative impact on the market.The negative impact of sentiment has been fermenting for a long time, and the transaction structure has also tilted towards stable growth sectors such as infrastructure and real estate. As the policy tone of the National Standing Committee remains positive, macro-control tends to be relaxed, and the implementation of structural support policies is expected to accelerate. At the same time, the disclosure of the annual report is coming to an end, and the economic data for the first quarter will be released soon, and the policy effect and industry prosperity will be verified. Funds may return to the stock market, and pessimism is also expected to be repaired. After the bottom of the index, it is expected that the index will return to the upward trend. It is recommended to maintain a balanced allocation of growth and value in investment. In terms of operation, it is still necessary to control the overall position before the market can effectively break through. It is suitable for low absorption. “Stable growth” will become the main logic to drive the operation of the market. Pay attention to traditional infrastructure such as low-valued and low-allocated banks, real estate, and building materials. For new infrastructure such as wind power and photovoltaics, it is recommended to appropriately deploy thematic sectors such as fertilizers and industrial product price increases based on performance and cost-effectiveness.