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Original title: Pro-cyclical industry brokers are also coming to “join the fun”! Is a “good show” coming?
Summary
[Anche i broker del settore prociclico sono venuti per “unirsi al divertimento”! Sta arrivando un “bello spettacolo”? ]While the so-called strong, Hengqiang, the pro-cyclical sector that we have repeatedly mentioned has exploded again, and this time it is not just the strengthening of a certain secondary sector, but a collective explosion of several sectors. Coal, non-ferrous metals, titanium dioxide, coal chemicals, chemical raw materials, etc. They occupy the first line of the list of increases. (21st Century Business Herald)
The market tumbled to 3,431 points, just 27 points from the year’s high of 3,458 points. This week, A-shares could reach a new high of 3458 points and the good news is down.
For A-share investors, red should be the most pleasing color.
On Monday, November 23, Xiaoxue’s solar terms had just expired and the A-stock market was in full bloom. The three major equity indices rose collectively and the Shenzhen Component Index was up 0.74%.Market index of growing companiesUp by 0.72%,Shanghai IndexIt rose 1.09% to close at 3414 points, a step closer to the previous high of 3458 points.
In terms of individual stocks, individual stocks increased the most and decreased the least.marketThe business has further improved.
The pro-cyclical sector has exploded
While the so-called strong, Hengqiang, the pro-cyclical sector that we have repeatedly mentioned has exploded again, and this time it is not just the strengthening of a certain subsector, but a collective explosion of several sectors. coal,Non-ferrous metals, Titanium dioxide, coal chemicals, chemical raw materials, etc. They occupy the first line of the increase list.
The rationale behind this is that the expected economic recovery is gradually warming up and the pro-cyclical sector is further recognized by the market. As there is market funding and expectations are good, the pro-cyclical sector is expected to fly for a while.
Although the starGatheredBut the brightest protagonist on Monday is the coal sector.
On the board, coalSector indexUp 4.95%,Zhengzhou Coal Power2 consecutive daily limits,Datong coal industry、Xishan Coal Power、Yanzhou coal industryFollow the trend and the daily limit. In the coal sector, with the exception of the two stocks which were handled by ST, the other stocks recorded increases to varying degrees.
There are two reasons for the strength of the coal sector:
On the one hand, since November, the climate has become colder, warming has begun in the north and demand for coal has increased.priceIt also continues to rise.
On the other hand, the coal sector in generalP / E ratioLow, most individual stocks have P / E ratios of less than 20 times. A lower valuation means security, which makes market funds more attractive.
Under the influence of two main factors, the coal sector rarely takes the lead in earnings.
【The direction of the windResearch report]Pro-cyclical stocks worrying on 20 November 601158Western mining, Hit the daily limit that day, the highest increase in 2 days was 14.91%.
Reasons for attention at that time:
1。the companyStart with lead and zinc and deploy copper resources. The company currently has 13 mines, of which investmentsProduction and operationMineTo share10 seats,ProductMainly Copper, Lead and Zinc The Yulong Copper Mine in Tibet is one of the largest copper mines in China.Iron MountainLead-zinc ore is one of the largest beneficiaries of lead-zinc ore in China. In 2019, it produced 49,100 tons of copper concentrate, 69,600 tons of lead concentrate and 163,000 tons of zinc concentrate, ranking among the top Chinese mining companies. As of June 30, 2020, the company has a total of 6,231,800 tons of copper reserves, 1,827,700 tons of lead and 3,294,900 tons of zinc.
2. China’s non-ferrous resources are fairly endowed and are optimistic about the trend in copper prices. China’s copper mines account for 3% of world reserves and 8.2% of production, but demand represents 35% of the world total. Although the land is large and abundant, the supply of copper resources is average. With the recovery of downstream demand and the loss of liquidity, copper prices rebounded to 51,000 yuan / ton. From an inventory cycle perspective, in (non-ferrous topic: keep seeing moreProduct, The best copper-20200824)relationshipChina expects copper prices to exceed 60-65 thousand yuan / ton in 2021.
3. The second phase of the Yulong copper mine will increase the company’s copper concentrate production capacity by approximately 100,000 tons once it reaches full capacity. Yulong Copper Mine has reserves of 5.72 million tons, ranking third in the country, with prospective reserves of more than 10 million tons and a grade of 0.68%. After years of incubation, the Yulong Copper Mine has progressively matured its infrastructure and technology. The second phase of the project will enter commissioning by this year and will be fully operational in 2022.After full production, the annual processing capacity of the Yulong copper mine will increase from 2.3 million tons to 19.89 million. tons It is estimated that the second phase of the project will increase the production capacity of copper concentrate by approximately 100,000 tons.Net profitAbout 1 billion yuan.
BrokerageCome and “join the fun”
After many days, the coal sector rarely regained the throne of the first gainer and the brokerage sector rarely returned to the forefront of the gainer list.
The brokerage industry has always been more mischievous. After a collective outbreak in July, the brokerage industry trend has played a key role in the market for the past four months. Regardless of whether the index rises or falls, the brokerage sector basically hides it in silence. Sometimes when the brokerage sector seems to rise, it will start to fall again after a while. In short, for the past four months or so, the brokerage industry has been functioning strangely.
However, trading finally worked on Monday and the sector index was up 2.27%.Guolian titles、Xiangcai sharesJoint daily limit, and thenNew groinCICCThere was also a daily limit.
The industry’s strength of the brokerage concept is mainly due to the marketDealSuddenly the two cities began to expandVolumeIt reached 954 billion yuan, and the market is also close to the previous record, which causes the market atmosphere to start warming. The brokerage concept sector and A shares have a natural correlation attribute and are strongly influenced by the performance of A shares. Therefore, when the market strengthens, it also constitutes a positive support for the brokerage sector.
Led by broker,bank、InsurancePerformance is also more active, also promoted by the wayCSI 300、SSE 50The index hit a new high this year.
The number of even boarders increases
To measure whether A shares are active or not, one of the indicators is to observe how many shares have consecutive daily limit on the daily limit.
On Monday there were more than 12 A shares in continuous daily limit, compared to the few in the previous period, there was a big improvement. This shows that market confidence has returned.
Among them, the automotive sectorSouth direction5 consecutive daily limit,Wealthy stocks5 boards in 6 days, excellent performance. Metal plates,Hongchuang Holdings4 consecutive daily limits. The wine sector that has been strong in recent times,Jinfeng Winery、Mount Kuaiji3 daily limit, Lao Baigan 2 daily limit, etc. Hot market stocks are still concentrated in the pro-cyclical and wine sectors.
Is a “good show” coming?
In the near future, if there is a good show in A shares, the new high is the most interesting.
From a record perspective, the main market hotspots are clear, with pro-cyclicals and winemaking driving the rise, as well asPopularity indicatorThe concept of the stock brokerage industry has strengthened again, which favors the continued increase in the market outlook for A shares. Technically, A shares have a good upward trend and the sudden increase in trading volume shows that incremental funds in the market have begun to enter the market, which is more favorable to the market outlook for A shares.
The market tumbled to 3,431 points, just 27 points from the year’s high of 3,458 points. This week, A-shares could reach a new high of 3458 points and the good news is down.
(Source: 21st Century Business Herald)
(Responsible publisher: DF380)
Solemnly declares: the purpose of this information is to disseminate more information, and it has nothing to do with this stand.
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