Midday review: growth enterprise market index rose 1.12percent and half day net inflow of capital from the North reached 4 billion

category:Finance
 Midday review: growth enterprise market index rose 1.12percent and half day net inflow of capital from the North reached 4 billion


By 11:30, the net inflow of capital from the North was 4.016 billion yuan, that of Shanghai Stock connect was 2.079 billion yuan, and that of Shenzhen Stock connect was 1.937 billion yuan.

Chen Yans team of CICC issued a document saying that considering the impact of the epidemic gradually subsided in the second half of the year, as the resumption of production and work continues to deepen, the team believes that the thermal power generation capacity may improve. It is estimated that the coal consumption of thermal power in June December is + 5.0% year on year, and the coal consumption of thermal power in the whole year is + 2.4% year on year. Supported by the stable growth policy and the demand for capital construction, the cement demand is expected to remain prosperous, and the coal consumption of steel will continue to increase. The team expects that the coal consumption of building materials / steel industry will be + 2% / + 2% in 2020. It is expected that coal consumption in chemical industry, paper industry and non-ferrous industry will be basically the same, and civil and other coal consumption will be further reduced due to the impact of clean energy heating.

With the accelerated implementation of the deepening reform of the new third board, this sector has been reinvigorated, and the selected layer has attracted market attention. What investment opportunities will the new three board select layer bring to ordinary investors? According to Zhu Haibin of Anxin securities, it will bring at least three kinds of investment returns: first, participating in the public offering in the early stage to earn relatively low risk new income. Second, in the mid-term, after the opening of the selection layer to the full year stage, to earn the income of enterprise growth. Third, in the later period, when the enterprises board conversion expectation is clear, the companys valuation difference in the selection layer and the A-share market will quickly narrow.

Cai Fangyuan of Galaxy Securities said: the upward trend of A-share shocks in the medium and long term is not expected to change, but we still need to be alert to the risk of callback in the short term. At present, a shares are still relatively low as a whole, and the valuation premium of core assets is relatively small. Medium and long-term investors can closely focus on high growth technology themes and consumption fields. 1. The short-term volatility of the electronic technology industry that has been deeply recalled in the early stage is relatively small. The development of domestic equipment and brands will contribute to the accelerated development of the electronic technology industry chain, such as chips, 5g consumer electronics, semiconductors, etc. 2. In the big consumption sector, liquor, medicine, food and cosmetics are still high-quality industries.

Source: Yang Qian, editor in charge of Finance and economics of Netease_ NF4425