In the overnight global market volatility, yesterdays A-share market three major stock indices started low volatility. But yesterdays declines in the three major indices did not swallow up the previous days gains. At the same time, although the two markets have fallen more or less, there are still many bright spots in the market. On the one hand, Kechuang shares performed well, with 25 of 28 stocks rising, Fuguang shares rising 15.60%, Wald shares rising 9.32%, and Trading Control Technologies rising 7.15%. Microcore, Baichu Electronics and Jingchen shares declining 10.74%, 6.16% and 5.68%, respectively. On the other hand, there are some active theme plates, such as fluorine chemical plate up to 1.80%, in the plate Zhongxin fluorine material up and down. Under the changing global market, the resilience of A-share market is highlighted.
Looking from the market, the two markets are still not divorced from the contraction pattern. Although the two markets have been shaken and adjusted, the market has further contracted. The turnover of Shanghai market is 153.958 billion yuan, Shenzhen market is 185.692 billion yuan, and the total turnover of the two markets is 339.65 billion yuan, a new low since August. In terms of individual stocks, each stock in the two cities has fallen more or less, with nearly 2600 falling stocks, more than 900 rising stocks and 36 rising or falling stocks. Among the 28 industries at Shenwan level, non-ferrous metals and pharmaceutical and biological industries rose by 1.29% and 0.03% respectively. Among the 26 other declining industries, non-bank finance, construction materials and leisure services fell by 1.59%, 1.50% and 1.36% respectively.
Conceptual plate, gold jewelry, fluorine chemical industry, superhard materials and other plates rose the most, gold jewelry plate rose 4.85%, 25 stocks in the plate all rose, Suihua jewelry, Jinzhou Cihang rose and stopped, Hengbang shares, Shandong gold, Lao Fengxiang rose more than 8%.
Analysts said that the current market around 2800 points has the intention of shaking again to adjust the trend, and 2800 points are the pressure position. If the weak adjustment pattern of the market continues, the gains and losses of the integer crossing here are of little significance, focusing on whether the current domestic policy and the international bad air can form an effective hedging to stabilize. A shares stable turbulence situation.
Liao Zongkui, a strategist at Liaison Securities, said that a series of favorable policies have been introduced recently, with obvious intentions to guide incremental funds into the market. A-share valuation has entered a very attractive area again. Although external factors are uncertain, there is no need to be overly pessimistic at this time. The opportunity of rebound is also pregnant.
Market Savings Rebound Kinetic Energy
Under the turbulent adjustment of the two markets yesterday, for the current market, institutions said that the medium-term upward expectations have not changed, the market adjustment is nearing the end, the market is accumulating rebound momentum.
New Age Securities said that strong stocks will make up for declines in the late period of each major adjustment. The current round of market adjustment began in late April, and the previous strong industry food and beverage began to adjust since July. After reviewing the previous market adjustment process, it is found that the market volatility will decrease after the completion of the general strong stock compensation. Investors need time to find a new main line. The agency also believes that the biggest risk at the index level has passed, given that the strongest sector of food and beverage since the beginning of the year has been in a weak position for a month. In the medium and long term, the most important thing is whether the economy can stabilize, which is more likely to be seen in the year. Growth and alternative consumption, because of their inexpensive valuation, are likely to double-click Davis once the fundamentals can bottom out in the next six months.
Xiao Shijun, a strategist at Guodu Securities, said that the peak of adjustment pressure is expected to be over in terms of both the concentrated outbreak of over-expected risk factors in the short term and in the short term, and the reverse buffering relationship between medium-term factors.
Xiao Shijun said that good catalysts came one after another, and the bottom accumulated rebound kinetic energy. After the rapid centralized release of risk, the recent policy effects of counter-cyclical adjustment of A-share lead to a reasonable rebound of leverage from the bottom, the financial effects of intensive expansion of international index to enhance the scope and weight of A-share, and the activation effect of the dividend of the Kechuang board system are all catalysts to boost the market, which is expected to open a mild rebound at the bottom.
Focus on Science and Technology Unit
In the recent market, Kechuang stock has been active many times. In this Mondays rebound, it is also the flag of science and technology stocks. For the current market, a number of institutions expressed their preference for technology stocks.
From a medium-term perspective, Anxin Securities believes that the latest stage is also the golden time for the distribution of high-quality assets. Industry configuration focuses on securities dealers, military industry, communications, electronics, computers, automobiles, etc. Structural main line suggests that attention should be paid to comparable mapping company of science and technology innovation board, China Daily Over-expectation Company, state-owned enterprise reform, new area of Shanghai Free Trade Zone, etc.
Huatai Securities said that the market may still have risk preference pressure to reduce dimensionality in the short term, but from the perspective of fundamentals, valuation, total liquidity and allocation, allocation opportunities are gradually obvious, continue to recommend technology stocks, optimize Huawei industrial chain, and continue to pay attention to the automobile sector.
Haitong Securities also said that the sharp drop caused by emotional panic is a good opportunity for the layout of the future, focusing on the medium-term, overmatching technology + securities firms, core assets for the basic allocation. Sichuan Finance Securities said that the short-term A-share continued the weak trend of volatility, high-quality growth stocks are still the main line in the short and medium term, focusing on 5G, chips, domestic software, new energy, military and other high-performance growth stocks, as well as securities dealers, medicine, food, automobiles and other low-value blue chips. Minsheng Securities also indicated that the allocation value of A shares in the current position is prominent, which is a relatively safe area for the long-term capital entry layout. There are plenty of rebounding momentum under weak markets: first, to continue the thinking of technology stocks before the fall, especially consumer electronics; second, to advance the layout of high dividend industries in the fourth quarter, the current low valuation of banks, real estate, public utilities, stable profits, high dividend rate with prominent allocation value. Source: Liable Editor of China Securities News: Yang Bin_NF4368
Haitong Securities also said that the sharp drop caused by emotional panic is a good opportunity for the layout of the future, focusing on the medium-term, overmatching technology + securities firms, core assets for the basic allocation.
Minsheng Securities also indicated that the allocation value of A shares in the current position is prominent, which is a relatively safe area for the long-term capital entry layout. There are plenty of rebounding momentum under weak markets: first, to continue the thinking of technology stocks before the fall, especially consumer electronics; second, to advance the layout of high dividend industries in the fourth quarter, the current low valuation of banks, real estate, public utilities, stable profits, high dividend rate with prominent allocation value.