DZ20220106

 

*Key points

Financials

*Premier Li Keqiang said to carry on work of 6 stabilities and 6 securities with greater combined fee and tax reduction to be implemented on market entities to ensure stable opening of Q1 economy.

*10 public funds commented on A-shr market corrections that expectation of market liquidity has changed with structure shifted from high valuation to low and “stable growth” to be the mainstream in the short term.

 

Local News

*Shanghai local government held quarterly work meeting on Jan 5th which pointed out to build up 3+6 new type industrial system in foundation of manufacturing for the real economy with integrated development of manufacturing and service industries promoted.

 

Co Focus

*People in charge in Sokon SERES responded on suspension of order acceptance by Huawei selected SF5 that no production suspension and order will be accepted after requirement of core component purchase been satisfied.

*Distributor fellowship of moutai-flavor liquor 2021 was held and Ding Xiongjun, president of Moutai made speech saying moutai-flavor series try for double operation income over cny 24bn by end of the 14th 5-year period, accounting for over 10% of group income and become major growth contribution.

 

*Block Trade Info

*Discount

- Zhenhua Sci & Tech (000733 CH) saw 1 block trade worth 16mn at 114.54yuan per share, 0.00pct premium from last closing.

- Yunda Holding (002120 CH) saw 5 block trade worth 20mn at 19.79yuan per share, 6.87pct discount from last closing.

- Yango Group (000671 CH) saw 2 block trade worth 12mn at 3.07yuan per share, 1.6pct discount from last closing.

- Salt Lake (000792 CH) saw 4 block trade worth 200mn at 33.18yuan per share, 0.45pct discount from last closing.

- Bestore Co (603719 CH) saw 4 block trade worth 33mn at 40.08yuan per share, 7.33 pct discount from last closing.

- Everbright Securities (601788 CH) saw 4 block trade worth 63mn at 14.1yuan per share, 5.56pct discount from last closing.

 

Premium

- Contemporary Amperex (300750 CH) saw 2 block trade worth 93mn at 551.82yuan per share, 0.75pct premium from last closing.

*Margin Trade

Total Margin Balance

1.7163 trillion

Total Short Selling Balance

113.2 billion

SH Margin Balance

0.9042 trillion

SH Short Selling Balance

72 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

600986

182mio

600010

8.74mio

600880

114mio

600959

5.97mio

601012

110mio

601788

3.29mio

600499

91mio

600588

2.92mio

600009

90mio

601929

2.39mio

SZ Margin Balance

0.8122 trillion

SZ Short Selling Balance

41 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

002475

286mio

000728

1.63mio

300059

257mio

000591

1.13mio

300058

125mio

002249

1.09mio

002241

120mio

000807

0.95mio

000725

115mio

000750

0.91mio

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

+2.9

Northbound Net Cash Flow

+0.13

Southbound Net Cash Flow

+1.9

Southbound Net Cash Flow

+0.5

Top 5 Northbound Inflow

Top 5 Northbound Outflow

Name

Market Value (mio cny)

‰ out of ttl share outstanding

Name

Market Value (mio cny)

‰ out of ttl share outstanding

601166

540

1.44

603986

522

4.81

600887

465

1.92

002475

514

1.43

300750

374

0.32

300274

453

3.05

002371

335

2.31

002241

447

2.64

000002

322

1.62

603259

385

1.39

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2201

101530

12500

57756

582

60379

1115

IF2203

35,290

8,834

48,713

-1,566

70,097

-482

IF2206

10,827

1,677

26,433

787

34,225

278

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2201

59081

5

38126

-1494

41971

-615

IH2203

20,319

-444

27,547

-347

35,387

-327

IH2206

8,543

2,897

13,555

507

19,183

153

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2201

87496

22927

73023

2418

71144

905

IC2202

11,002

7,420

9,148

4,085

9,099

4,088

IC2203

30,408

11,230

66,595

1,947

82,271

1,813

IC2206

17,024

6,758

59,413

2,058

75,547

2,339

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2201

201041

21044

94681

3598

101308

5720

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2203

23,333

1,918

41,636

172

45,586

-252

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2203

43,908

4,942

70,067

842

78,401

124

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2203

93,714

-3,779

127,638

-1,319

133,852

-2,195

T2206

4062

145

10459

267

10019

257

*Night Session Commodities Market (As of 02:30 am)

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Iron Ore

I2205

708.5

+2.9%

300,396

641,889

Coke

J2205

3,185.5

+2.64%

15,613

35,167

Aluminum

AL2202

20,625.0

+1.68%

158,961

212,700

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Rapeseed Oil

OI205

11,821.0

-1.57%

188,270

213,993

Nickel

NI2202

151,720.0

-1.13%

124,708

147,011

Stainless Steel

SS2202

17,070

-1.13%

19,304

61,535

* Global oil prices mostly went up with February contract of WTI rose by 0.26%, quoted at $77.19/barrel, and the March contract of Brent up by 0.23%, closed at $80.18/barrel. According to EIA, commercial crude oil inventory excluding strategic reserves decreased by 2.144 million barrels, declined 0.5%.

* COMEX gold closed down with 0.22% decline at $1810.6 per ounce, and COMEX silver shifted 1.02% as well to $22.82 per ounce. As of January 5, the gold position of SPDR Gold Trust dropped to 979.99 tons, fell by 0.03%.

* For the night session on January 5, commodity market closed mixed with black series leading the upside, iron ore continued to rise by 2.9%, coke and steel rebar both closed up with 2.64% and 1.09% respectively. Chemical and energy sector closed mixed as well for glass went up by 1.57%, PTA shifted 0.54% higher while PVC closed down with 1.06% decrease. In terms of agriculture, palm oil quoted 0.68% higher, while rapeseed meal down by 1.07%.

* LME metals mostly closed down with LME copper fell by 0.78% to $9,692/ton, LME zinc down by 0.92% to $3,571/ton, LME nickel went down by 2.09% to $20,695 ton, while LME aluminum rose by 2.57% to $2,912/ton, LME tin shifted 0.31% higher to $39,315/ ton, and LME lead closed down with 0.48% decline at $2,287/ton.

 

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The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.