The market value of fracture in the pharmaceutical and biological sector has shrunk by nearly 100 billion in half a day! What signal?

category:Finance
 The market value of fracture in the pharmaceutical and biological sector has shrunk by nearly 100 billion in half a day! What signal?


Source: wind

Looking forward to the future of A-share market, some institutions said that Chinas exports continued to exceed expectations, and the recovery was getting better. It is expected that asset allocation will accelerate to the stock market. It is suggested that attention should be paid to the middle and upper stream opportunities related to Chinas supply advantages and export chain prosperity.

Pharmaceutical and biological sector falls

Pharmaceutical and biological plate fell sharply in early trading on the 25th. According to wind data, as of the midday closing, the pharmaceutical and biological sector fell 1.38%, and the total market value evaporated by 92.6 billion yuan in half a day, and the latest total market value was 6.62 trillion yuan. Within the board, Xinmai medical and Sanyou medical all fell more than 10%.

Source: wind

Guokai Securities believes that the short-term pharmaceutical biological plate may have a certain adjustment. At present, the domestic vaccine is still not approved for marketing, the industry will still have a high degree of concern. In the medium and long term, the leading enterprises in the subdivided fields with definite business climate will not be afraid to adjust.

Big financial sector supports big market

Although the gem index fell more than 1% in half a day, the Shanghai composite index remained strong in the morning. From the disk view, the big financial sector has become the main force to protect the plate.

According to wind data, as of the midday closing, non bank financial sector rose 1.59%, leading the rise of Shenwans 28 primary industry sectors; the banking sector had a slight decline of 0.15% after the initial high.

Source: wind

Guoxin Securities believes that in the first three quarters of 2020, under the influence of the epidemic situation and other factors, the overall performance of the large financial sector is difficult to be optimistic, and the follow-up large financial sector is expected to usher in the performance recovery market, and its performance is still worth looking forward to. In addition, with the valuation of multiple sub sectors in the plate falling to historical lows, the potential for valuation repair may bring more investment opportunities.

From the disk perspective, the recent strong cyclical stocks are divided today, with non-bank financial and real estate sectors rising hand in hand, while nonferrous metals, steel, and building materials plates are significantly callback. Bohai Securities said that in the near future, the procyclical plate is more active under the expectation of global economic recovery. Under the pressure of fund assessment, it tends to cash in the plate with higher accumulative increase this year, leading to obvious differentiation of market style.

Looking forward to the future of A-share market, Societe Generale Securities said that RCEP has been achieved, China shows the supply advantages of manufacturing power and manufacturing power, exports continue to exceed expectations, the recovery market is getting better, and asset allocation is expected to accelerate to the stock market. On the one hand, the recent global economic recovery has accelerated, the global commodity prices have reached new highs, the demand recovery has accelerated response, and the overall inventory replenishment stage has entered the inventory cycle; on the other hand, the FSC held a meeting on November 21, emphasizing the bottom line of no systemic risk, zero tolerance and strict treatment of various debt evasion and cancellation to ease market concerns in the short term. It is suggested that attention should be paid to the upstream and midstream opportunities with supply advantages and export chain prosperity. When looking forward to the theme and industrial trend in 2021, China Merchants Securities suggests to pay attention to three main lines: first, investment opportunities brought by the dividend of the 14th five year plan and double cycle policy; second, focus on new emerging strategic industries and areas with strong certainty; third, focus on New consumption trends under the background of consumption upgrading. Source: Yang Qian, editor in charge of China Securities Journal_ NF4425

Looking forward to the future of A-share market, Societe Generale Securities said that RCEP has been achieved, China shows the supply advantages of manufacturing power and manufacturing power, exports continue to exceed expectations, the recovery market is getting better, and asset allocation is expected to accelerate to the stock market. On the one hand, the recent global economic recovery has accelerated, the global commodity prices have reached new highs, the demand recovery has accelerated response, and the overall inventory replenishment stage has entered the inventory cycle; on the other hand, the FSC held a meeting on November 21, emphasizing the bottom line of no systemic risk, zero tolerance and strict treatment of various debt evasion and cancellation to ease market concerns in the short term. It is suggested that attention should be paid to the upstream and midstream opportunities with supply advantages and export chain prosperity.

When looking forward to the theme and industrial trend in 2021, China Merchants Securities suggests to pay attention to three main lines: first, investment opportunities brought by the dividend of the 14th five year plan and double cycle policy; second, focus on new emerging strategic industries and areas with strong certainty; third, focus on New consumption trends under the background of consumption upgrading.