Nearly 3,700 stocks are expected to rise 3,000 points in A shares?
The Shanghai stock index rose by more than 2%, and the GEM index rose by more than 3%; A shares will take the lead out of the dilemma or weak shocks, analysts are divided
Beijing News (reporter Zhang Siyuan) The central bank's third RRR cut in the year brought a breeze to the stock market? On April 7, the Shanghai and Shenzhen Index closed up sharply, with the GEM index rising by more than 3%. The stocks of the two cities showed a general rise pattern, with nearly 3,700 stocks rising and 152 stocks daily limit. The net inflow of northbound funds was 14.521 billion yuan throughout the day. Among them, the net inflow of Shanghai Stock Connect was 7.169 billion yuan and the net inflow of Shenzhen Stock Connect was 7.352 billion yuan.
The RRR cut is good for the three major stock indexes of the real economy A shares
As of the close, the Shanghai Composite Index rose 2.05% yesterday to 2820.76 points; the Shenzhen Component Index rose 3.15% to 10428.91 points; the GEM Index rose 3.31% to 1969.78 points.
From the perspective of the sector, the block chain concept has set a daily limit, and Omar Electric, Meisheng Culture, Feitian Integrity, Netac Technology, Hailian Jinhui, Golden Crown, Julong, Zhongying Internet and other more than 20 shares have daily limits. Agricultural stocks rose sharply, Jinjian Rice Industry 11 days 9 boards, Xinsai shares, Zhenghong Technology, Suken Nongfa, Dahu shares, Baiyang shares, China Water Fisheries, Xinnong Development, etc. more than 10 shares daily limit.
The food and beverage sector is strong, and within the sector, Beijing Food Holdings, Cody Dairy, Weiwei Co., Ltd., Hunan Salt Industry and other daily limit. Brokerage stocks continued to strengthen, Tianfeng Securities' daily limit, and Hongta Securities, Hualin Securities, Zhongyuan Securities and other stocks rose sharply.
On the evening of last Friday, the central bank announced the directional RRR cut, and directed a reduction of the deposit reserve ratio by 1 percentage point. It was put into place twice on April 15 and May 15 and was reduced by 0.5 percentage points each time, releasing a total of long-term funds. About 400 billion yuan. In addition, the central bank decided to reduce the interest rate of excess reserves of financial institutions in the central bank from 0.72% to 0.35% from April 7.
Does directional downgrade affect geometry? Yue Yue, a strategic analyst with Guangdong Development Securities, believes that the RRR cut is the implementation of the spirit of the National Convention, and the follow-up counter-cyclical policy is expected to accelerate. The RRR cut for small and medium-sized banks helps to reduce actual financing costs and “make a profit” for the real economy. Lowering the interest rate of excess reserves has forced commercial banks to expand their credit scale.
Yin Yue said that under the wave of global currency easing, market interest rates are expected to decline further, stock market risk appetite is expected to increase, and the impact on the stock market is more positive. Optimistic about A-share investment opportunities.
CITIC Securities clearly pointed out that the central bank has also repeatedly lowered the interest rate on excess deposit reserves. In fact, the central bank incentivizes commercial banks to use more funds for credit, rather than depositing funds in the central bank's account to obtain income. The central bank's downward adjustment also indicates further incentives for commercial banks to support the real economy, especially SMEs.
The Asia-Pacific stock market and the European market ushered in a "counterattack." Yesterday, the Asia-Pacific stock market closed up most, the South Korean composite index rose 1.77%, and the Nikkei 225 index closed up 2.01%. European stocks opened sharply higher, with several major indexes rising more than 3%. The previous three trading days, the three major US stock indexes closed up more than 7%. Analysts believe that the main reason is that the epidemic has shown signs of easing.
Will A shares take the lead out of trouble?
What's next for A shares? Yin Yue said that A-shares have multiple supports and the Shanghai index is expected to hit the 3,000-point area.
In the global market, Societe Generale Wang Delun judged that A shares are expected to get out of the predicament first. "Stage 1 and stage 2 caused by public health incidents that trigger risk aversion, trampling and liquidity crises, and causing market declines are gradually passing. For A shares, a series of advantages such as the Chinese system are expected to make A shares Take the lead out of the predicament. From the perspective of major assets and global asset allocation, the Chinese stock market is the preferred option. "
However, Huatai Securities Zhang Xinyuan is relatively cautious. He believes that the overseas epidemic situation is still unclear, and A shares may continue to maintain a weak and volatile pattern. Compared with the overseas market, the A-share market has changed from the previous anti-decline to the recent weak, and it has both rise and fall, reflecting the market's increasing concerns about the outbreak of the epidemic. There are still reservations, and the signal conveys that the short-term economic downside risks are manageable. Zhang Xinyuan believes that the uncertainty of the future epidemic situation will still suppress the risk appetite, and A shares may continue to maintain a weak and volatile pattern. In the short term, timing is more important than allocation.