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List! 2020 TOP100 bull stock earnings show the five characteristics of the A-share market “tail lifter” expected to “surge” in the spring
Source: Voice of Securities Daily
Daily original values
With the end of the last trading day in 2020, all three major indices set new highs for the year, which also brought a perfect end to 2020. Looking back at the A-share market last year, the major stock indices rose across the board, showing strong momentum. The Shanghai Composite Index was up 13.87%, the Science and Technology 50 Index was up 39.3%, the Shenzhen Component Index was up 38.73% and the ChiNext Index was up 64.96%.
“In the special year 2020, there will be both the global spread of the epidemic and the impact of the credit debt crisis. The Shanghai Stock Exchange Index rose 13.87%, not only for the second year, but has also recovered by completed the lost ground in 2018., It returned to the closing position in 2015. ”Xia Fengguang, manager of the future star fund of the private equity ranks network, said in an interview with a Securities Daily reporter that the index differentiation in 2020 it is obvious and that industry and individual stocks are even more important.The increase was greater.
From an individual stock perspective, the performance of individual stocks in 2020 is more rewarding. According to reporters from “Securities Daily”Color ladderStatistics found that excluding sub-new shares listed in the year, a total of 2004 shares in the Shanghai and Shenzhen stock markets rose in 2020, accounting for 53.74% of the total number of tradable shares. Among them, there are 255 shares with a cumulative annual increase of more than 100%, and their share price has doubled. It is noteworthy that,Intech MedicalWith an increase of 1405.2% during the year, it ranked first on the list of increases for 2020, and it is also the only stock that has increased by more than 1,000% in 2020.
Where does the bullish force come from in 2020? The reporter discovered by combing that the top 100 bull stocks mainly have the following five characteristics.
First, high-priced stocks have become dominant.
On the steady rise in 2020, the top 100 stocks of the top 100 earnings have gained more than 165% for the year. At the same time, the share prices of these bullish stocks have also risen accordingly. Statistics found that at the close of December 31, the weighted average price of the entire A-share market was 11.11 yuan. Among the 100 solid stocks above, 96 stocks are above average stock prices. Among them, 54 shares have the latest closing price of more than 50 yuan, and 30 shares have a price of more than 100 yuan, showing the strongest trend.
Second, the market capitalization shares of Zhongda University dominate.
Statistics found that among the above 100 companies, 74 companies have a circulating market value of more than 10 billion yuan, includingFree china、It was Ningde、Longji Actions、Great Wall Motor、BYDThe 12 companies, etc., have a circulating market value of more than 100 billion yuan.
Third, get together in the four main industries.
Among the above 100 bull populations, from the perspective of Shenwan’s top tier industries, four industries including electrical equipment (14), food and beverage (13), mechanical equipment (12), and pharmaceutical and biological (10) have 10 Only and above stock.
Fourth, high-quality white horse populations have become a concentration of bull populations.
Statistics found that among the 100 strong stocks listed above, 82 stocks achieved year-on-year growth in net profit in the third quarter of 2020, accounting for more than 80%. among them,Hengtong Stocks, Intech Medical,Zhende Medical、Daan Gene、Master in Biology、Hainan DevelopmentFor the rest of the companies, the net profit of the third quarter exceeded 10 times the previous year.
Fifth, the degree of attention of capital is high and more than 90% of the shares are in the hands of institutions.
From a capital flow perspective, statistics found that since 2020, among the previous 100 bullish stocks, 76 stocks have appeared on the top ten lists of Shanghai Stock Connect and Shenzhen Stock Connect. Among them, 57 stocks have been Beijing’s net purchase of funds has become a target for foreign investors to increase their positions.
A more detailed analysis found that the actions mentioned above were not only favored by funds, but were also expanded by many institutions. Statistics found that at the end of the third quarter of this year, among the top ten shareholders of 92 companies with marketable shares, five institutions appeared, including social security funds, insurance, funds, brokerage houses and QFII, respectively, accounting for more 90%.
In this regard, Xia Guangguang believes that the continued rise in Baotuan shares is due to the continued increase in the share of institutional funds and the influence of northern funds. Excessive liquidity in the market is continuously concentrated in Baotuan shares through the allocation of institutions.
When will this phenomenon change? It is likely to wait until the next round of bullish change. In the short term, the market will continue to fluctuate and rise, and cyclical stocks with low valuations may attract some funds to support the index. In general, the opportunities in the first semester of the year will be better than in the second semester.
Regarding the market outlook, Qin Hong, an analyst at Jinbailin Consulting, told the “Securities Daily” reporter that on the last A-share trading day in 2020, there was a strong downward trend. Not only did the GEM index hit another five-year high, but also,SSE 50 Index、CSI 300 IndexA revolutionary trend has also formed, and the trading volume has gradually increased, and the new funds show signs of increasing positions. Therefore, the end of the A-share market is expected to continue into the new year, and the “upstream” market is worth waiting for in early 2021. The main reasons are, in the first place, because the incremental funds in the A-share market are still strengthening the will to build positions. Among them, the increase in the share of investable funds for insurance funds is likely to become a more important source of marginal incremental funds for A shares in 2021. Also, taking into account information such as the intensity of the issuance of income funds variable, the pace of incremental capital inflows into the future will remain strong. Second, because the related major investment lines and their leading varieties are still trending upward, the force of inertia will drive them to further expand their payback space. Among them, the military industry, consumption and new energy still have fertile potential for exploitation, especially the penetration rate of new energy vehicles continues to increase.
Table: The status of TOP100 bull stocks in 2020
Watchmaking: Zhang Ying
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