On February 7, a shares ushered in the first trading day of the year of the tiger, and the three indexes rose collectively. The Shanghai Composite Index closed at 3429.58 points, up 2.03%; The Shenzhen composite index closed 1340.56% higher; The gem index closed at 2917.86 points, up 0.31%. On the same day, individual stocks rose more or fell less, more than 100 individual stocks rose by the limit, and the net purchase of funds from the North exceeded 5.5 billion yuan. Looking forward to the year of the tiger market, institutions generally believe that under the consensus on the main line of stable growth, investors' confidence and sentiment in the market will be boosted. It is suggested to grasp the main line of stable growth and pay attention to high boom growth stocks such as new energy. More than 3500 stocks rose On February 7, a total of 3513 A-shares rose and 110 rose by the limit, showing the market profit-making effect. Tonghuashun data show that the full day turnover of Shanghai and Shenzhen stock markets was 823.1 billion yuan. The net purchase of northbound funds on the same day was 5.552 billion yuan, of which the net purchase of Shanghai Stock connect was 6.628 billion yuan and the net sale of Shenzhen Stock connect was 1.076 billion yuan. By industry, 26 of the 31 shenwanyi industry indexes closed up, and the five industries of building decoration, petroleum and petrochemical, building materials, coal and steel increased by more than 4%; In terms of concept plates, salt lake lithium extraction, digital currency, ice and snow industry and other plates performed eye-catching. Affected by factors such as the sharp rise in international and domestic crude oil futures prices, the oil and gas sector rose strongly, and the Shenwan petroleum and petrochemical industry index closed up 4.55%. Within the sector, CNOOC, Zhongman petroleum and PetroChina engineering rose the limit, potential Hengxin closed up 12.02%, PetroChina A shares closed up 9.16% and the total market value stood at trillion yuan. In addition, the construction, building materials, construction machinery and other infrastructure sectors broke out, the building decoration sector lifted the limit tide, and more than 20 stocks such as the Academy of construction Sciences, Hualan group and the Institute of design and research rose the limit. The first show of A-share in the year of the tiger confirms the unanimous expectations of previous institutions. CICC believes that the market risk has been released. In combination with various economic data at home and abroad during the Spring Festival, the performance of major overseas markets and Hong Kong stock markets, the marginal improvement of liquidity after the Spring Festival, and the urgency of "steady growth" of domestic policies, and considering the embodiment of the economic growth target announced at the recent local two sessions on the confidence of local governments, The volatility of overseas capital markets and the tightening of the macro environment highlight the comparative advantages of the Chinese market and other factors, and investors' risk appetite is expected to improve marginally. Guotai Junan Chen Xianshun's strategy team believes that the two sessions of the National People's Congress are approaching in March, the steady growth policy will accelerate the promotion and force, the current negative factors will accelerate the convergence, and the positive factors will be gradually revised upward. In terms of capital, on February 7, the people's Bank of China launched a 7-day reverse repurchase operation of 20 billion yuan, with a bid winning interest rate of 2.10%. On the same day, 150 billion yuan of reverse repurchase expired, and the central bank realized a net return of 130 billion yuan. At present, institutions generally believe that the capital after the festival will remain stable, and there is little liquidity gap in February. Dong Li, manager of Xingzheng Global Fund, pointed out that the policy level began to take care of the economy, and the liquidity expectation became more friendly. "Many times, the stock market and the real economy may not be completely synchronized. When there is sufficient liquidity, stocks may play a leading role as indicators of the real economy. On the whole, the real economy may bear some pressure in the first half of the year, but with a certain degree of tolerance, the stock market still has structural opportunities." Lay out the main line of steady growth Looking forward to the future, institutions generally recommend actively laying out the main line of steady growth. CITIC Securities Mingming bond research team believes that the stock market grasps the main line of steady growth and focuses on new and old infrastructure. After a round of decline before the festival, the pessimism in the stock market has been strongly released. After the central economic work conference at the end of last year, the central government and various ministries and commissions actively deployed, accelerated project approval, pre issuance of special bonds, and infrastructure will become the core of the steady growth policy in the first half of this year. From a macro perspective, at the beginning of the year, we should pay more attention to the new and old infrastructure sectors with policy initiative and "moderately advanced", such as traditional infrastructure related fields such as power, water conservancy and construction and their upstream sectors, as well as new infrastructure and digital transformation of traditional infrastructure such as 5g, data center and industrial Internet. "At present, there are two new ways in front of investors: on the one hand, after continuous adjustment, the cost performance of track companies has gradually increased; on the other hand, with the rising expectation of steady growth, the value of consumption and infrastructure allocation has increased." Guotai Junan believes that the market style will accelerate the switching to the undervalued style, and actively grasp the undervalued sector with consumption and infrastructure chain as the core. At the same time, high boom growth stocks such as new energy have received high attention from the market. Chen Guo, managing director and chief strategy officer of CSC securities, pointed out that at present, most growth industries have been fully adjusted. Since December 15 last year, the gem index has been adjusted for one and a half months, with a decline of 16.77%. With the stabilization and recovery of the NASDAQ index, the gradual improvement of domestic liquidity and the release of high-frequency data of high-growth track in which the industry boom has been questioned, the growth sector is expected to usher in a counterattack. Guosheng securities also believes that the structured market has become the norm, the growth stocks of boom branches will be the source of excess returns, the logic of science and technology theme is solid and fully adjusted, and there is a high probability of becoming the new main line of the year of the tiger. "At present, in the wave of transformation and upgrading in China, most of the investment opportunities come from industry driven. In 2022, we are bearish on the traditional cycle market, but we will still keep tracking. Among the several core industries we continue to pay attention to, the new energy industry is a typical investment opportunity from 1 to N. although the valuation has been high, the high outlook will continue. We should pay close attention to the penetration of the industry, in addition to the traditional cycle." In addition to the top-down research, we should also pay attention to the opportunities for high-quality enterprises in some undervalued traditional industries to achieve the second growth curve by cutting into the field of new energy, that is, the opportunities of 'x + new energy'. " Wu Yu, director of Jianshun investment and head of the strategy group, pointed out that the fields of medicine, consumption, data security and military industry also continue to be optimistic. For example, the pharmaceutical field focuses on the subdivided field of synthetic biology, and the scale of the data security field shows an explosive growth trend. With the emergence of some new SaaS like business models, The market may reshape the valuation system of relevant enterprises. Cui Chenlong, manager of Qianhai open source fund, said that the fundamentals of the new energy industry in the year of the tiger may break out in an all-round way, and it is suggested to make long-term investment. From a short-term perspective, both photovoltaic, wind power, lithium battery and operators are in the stage of rapid development of industry fundamentals. Although the long-term stock price will return to the fundamentals, in some short-term stages, the deviation of stock price may be high, and this deviation is difficult to predict in advance. Therefore, it is suggested that investors try to avoid short-term frequent transactions to avoid losses due to transactions. (Xinhua News Agency)