China-Singapore Jingwei client April 22 (Wednesday), A shares opened lower and moved higher. The three major indexes basically run below the flat line in early trading, and collectively pulled up in the afternoon, closing across the board. Agricultural stocks and consumer stocks have exerted force and have set a daily limit; the oil sector led the decline.

　　Shanghai Stock Exchange's time-sharing chart. Source: Wind

　　As of the close, the Shanghai index rose 0.6% to 2843.98 points, with a turnover of 232.8 billion yuan; the Shenzhen Component Index rose 1.05% to 10617.19 points, with a turnover of 373.2 billion yuan; the GEM index rose 0.95% to 2043.17 points, with a turnover of 124.8 billion yuan. yuan.

　　On the market, the agriculture, forestry, animal husbandry and fishing sector led the rise, and the stocks in the sector rose generally. The agricultural development seed industry, Fengle seed industry, Tsuenyin Hi-tech, Aonong Biological and other stocks daily limit, Denghai seed industry approached the daily limit, Longping Hi-tech, Zhengbang Technology Soared more than 7%.

　　Consumer stocks were active, with food, beverage, and brewing sectors leading the way. In the food and beverage sector, more than 10 stocks such as black sesame, Keming noodle industry, Liangpin shop, and Chengde Lulu have reached daily limit. Jingliang Holdings has risen more than 9%. Youyou Food, Miss You, Fuling Mustard, etc. have risen. Most of the stocks in the wine-making sector are red, while stocks such as Jiujiu, Changyu A and Guizhou Moutai are among the top gainers.

　　Among them, Guizhou Moutai closed up nearly 4%, intraday share price hit a record high of 1249.50 yuan / share, reported at 1244.50 yuan / share. On the evening of the 21st, Guizhou Moutai disclosed its 2019 annual report, operating income of 85.430 billion yuan, an increase of 16.01% year-on-year; net profit attributable to shareholders of listed companies was 41.206 billion yuan, an increase of 17.05% year-on-year. In addition, the proposed dividend is nearly 21.4 billion yuan, with a dividend of 170.25 yuan per 10 shares.

　　The oil sector led the decline, with shares of Longyu Fuel Oil and Offshore Oil Engineering leading the decline. International oil prices fell sharply overnight, and US WTI crude oil futures prices fell more than 43% in June, closing at US $ 11.57 per barrel, setting a new low since 1999. The market once fell by about 70% to US $ 6.5 per barrel. A record low. WTI May crude oil futures rebounded to a positive value after falling into a negative area yesterday, and closed at US $ 47.64, or 126.60%, at US $ 10.01 per barrel on the maturity delivery date. June Brent crude oil futures prices fell by 6.24 US dollars, a decrease of 24.4%, to close at 19.33 US dollars per barrel, the lowest since the month of 2002.

　　In terms of concept stocks, seed stocks, artificial meat, eco-agriculture, and pork concept stocks led the gains, lithography machine concept stocks picked up, and UHV concept stocks continued to be active. Concept stocks such as quantum communications and oil and gas reform were sluggish.

　　In terms of individual stocks, 2,497 individual stocks rose, of which 148 individual stocks such as Jinzi Tianzheng, Huifa Foods and Sunrise Oriental rose more than 5%. 1112 stocks fell, of which 25 stocks such as Shenwu Environmental Protection, Longyu Fuel, Yunnei Power and others fell more than 5%.

　　In terms of turnover rate, a total of 38 stocks have a turnover rate of more than 20%, of which Lei Sai has the highest turnover rate of 60.58%.

　　As of the previous trading day, the balance of Shanghai Stock Exchange financing was 552.204 billion yuan, a decrease of 4.285 billion yuan from the previous trading day, and the balance of securities lending was 15.081 billion yuan, an increase of 4.095 billion yuan from the previous trading day. The financing balance of Shenzhen Stock Exchange was 490.463 billion yuan. , An increase of 49.891 billion yuan compared to the previous trading day, the margin balance was reported at 6.0 billion yuan, an increase of 3.173 billion yuan compared to the previous trading day. The balance of margin financing and securities lending in the two cities totaled 1,063.569 billion yuan, an increase of 52.874 billion yuan over the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds was 3.118 billion yuan, of which the net inflow of Shanghai Stock Connect was 1.646 billion yuan, the balance of funds on the day was 50.354 billion yuan, and the net inflow of Shenzhen Stock Connect was 1.472 billion yuan. The balance is 50.528 billion yuan; the net inflow of southbound funds is 2.568 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 984 million yuan, the balance of funds on the day is 41.016 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 1.584 billion yuan, and the balance of funds on the day is 40.416 billion yuan.

　　Guodu Securities believes that in the mid-term, the current A-shares are entering the third stage of the epidemic prevention and control curve, that is, the market will enter the negative lagging impact of the epidemic on the economy, corporate profitability and other fundamentals, and the effect of hedging macro policies after the outbreak. Observation and verification period, the duration of this stage is expected to be as long as 1-2 quarters.

　　Guodu Securities further pointed out that the market risk appetite at this stage may remain stable, but affected by the negative lag of the epidemic, economic data and corporate profits have declined significantly, and fundamental shocks have emerged; at the same time, after the epidemic, resumption of production, supply chain repairs, and consumer replenishment The process of normalization and recovery of economic and social activities has been slow, and hedging policies such as monetary and fiscal policies have been delayed. The impact of the above epidemic on the lagging of fundamentals, economic recovery and postponement of policy effectiveness have caused the index to remain volatile at the bottom of the holding stage, and the market may have a structural differentiation market around the impact, repair, and reconstruction of different industries on the epidemic.

　　Regarding the direction of attention, Wanlian Securities said that the economy is in the recovery period in the second quarter, and the industry allocation recommendations are concerned: first, technology-related industries, including 5G, new energy vehicles, semiconductors, domestic substitution, UHV, etc .; second, the traditional infrastructure industry chain , Construction, building materials, etc .; third, consumption, from mandatory consumption to consumer services; fourth, brokers, real estate, banks, insurance, etc. benefiting from liquidity restoration. (Sino-Singapore Jingwei app)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)