66 listed companies suspended trading.
The Wenchuan earthquake had a direct impact on the stock market yesterday afternoon. After the market opened yesterday afternoon, the stock index rose all the way, but affected by the earthquake news, the Shanghai Composite Index weakened in late trading.
This is just the first reaction of the market to the earthquake. Today, 66 listed companies in Shanghai and Shenzhen stock markets began to suspend trading due to the earthquake.
Under the dual influence of the earthquake and the increase in the reserve ratio, the two markets also opened lower. In early trading, the Shanghai Composite Index rebounded under the activity of post-disaster reconstruction concept stocks. However, the disaster reports sent back continuously have hit investor confidence to a certain extent, and financial stocks have been negatively affected and collectively fell, dragging down the market's low shock consolidation.
Hot money speculation post-disaster reconstruction plate
Although the stock indexes of the two cities opened sharply lower today, the hot money in the market actively speculated on the post-disaster reconstruction sector, and the post-disaster benefit sectors such as medicine, cement, building materials and steel were among the top gainers throughout the day.
Among them, the pharmaceutical sector rose more than 6%, and most of the daily limit stocks in the two cities were pharmaceutical stocks and cement stocks. There are nearly 40 non-ST stocks in the pharmaceutical sector, and nearly half of them have increased by more than 5%. The daily limit of the cement plate is also more than half.
In sharp contrast, the insurance stocks in the two cities fell sharply. Among the three major insurance stocks, except China Ping An (44.690, 0.85, 1.94%), the other two insurance stocks suffered heavy losses, while China Pacific Insurance (2 1.470, 0.52, 2.48%) fell by 7.666 million/kloc-.
Several families are happy and several families are sad.
Orient securities believes that post-disaster reconstruction will boost the demand for cement in Sichuan and its surrounding areas, which is expected to drive up the regional cement price. At present, there are two A-share cement listed companies in Sichuan, namely ST Ma Shuang (000935) and Sichuan Jinding (6.320, 0.07, 1. 12%). If the production is not affected, these two companies will benefit the most. In addition, the sales volume of cement listed companies in the surrounding areas will increase, such as huaxin cement in Hubei (17.990, 0.8 1, 4.7 1%), and the sales volume in Chongqing will reach 9 1 10,000 tons in 2007, with a market share of 3./kloc-0. Qilian Mountain in Gansu (1 1.940, 0. 10, 0.84%), ST Qinling Mountain in Shaanxi, Conch (3 1.370, 1. 17, 3.
When disasters happen, the insurance industry is always the first to bear the brunt.
Shen Yin Wanguo released an analysis report on May 13, arguing that the earthquake will cause the market to worry about the increase of insurance claims, thus putting pressure on the share price of insurance companies. Shen Yin Wanguo believes that these three A-share insurance companies will be affected to varying degrees. Combined with the existing business scale and market value of each company, the affected degree is China Pacific Insurance, China Ping An and China Life Insurance (365,438+0.500, 0.74, 2.465,438+0%). However, concerns about the current performance may lead to pressure on the price of insurance stocks, which will be an opportunity to buy. It is suggested to pay attention to the subsequent casualty data, especially the property loss data.
Qilu Securities believes that listed insurance companies will have a negative impact in the short term and have a greater impact on the investment psychology of the real estate industry. It will have a great impact on the performance of listed companies in infrastructure, transportation, tourism, hydropower and other industries in the earthquake zone and its affected areas. Pharmaceutical industry, machinery related industry and building materials industry will play a certain role.
CITIC Securities (19.780, 0.47, 2.43%) advises investors to pay attention to medical assistance and disaster-related sectors in the short to medium term, including medicine, cement, machinery and steel. Short-term avoidance of local industries with seriously damaged raw materials, equipment, production capacity and market, such as tourism, food and beverage, chemical industry and other industries related to disaster areas.
The medium-term upward trend will not change.
How much impact did the Wenchuan earthquake have on the stock market? Based on the evaluation reports released by major investment banks and research institutions on June 5438+03, it can be seen that most institutions believe that the earthquake will have a certain impact on the market in the short term, but it will not change the medium-term upward trend of the stock market.
Wu Chunlong, chief strategist of CITIC Construction, said that the Wenchuan earthquake will not have a great impact on the overall stock market. Generally speaking, accidents will not have lasting effects.
Guo Xin Securities believes that the short-term impact of sudden disasters on the market is inevitable. Coupled with the tightening policy of raising the deposit reserve ratio, its negative impact has amplified the pessimism of the market. Among them, the core problem is that disasters may further raise prices. However, Guosen Securities insists on being relatively optimistic about the market conditions in the second quarter.
Qilu Securities said that the earthquake disaster has a huge negative impact on the regional economy, but its impact on the national economy as a whole and the performance of listed companies is relatively limited, so it will not change the main operating trend of the securities market.