Hooves clatter! Shanghai index rose 5.71percent and more than 1.5 trillion was traded in the two markets

 Hooves clatter! Shanghai index rose 5.71percent and more than 1.5 trillion was traded in the two markets

The whole board is red, and most of the sectors such as securities companies, banks, insurance, electronic semiconductors, integrated circuits and SMIC international concepts are stronger.

As of 15:00, the net inflow of northward funds was 164.36 yuan, that of Shanghai Stock connect was 6.697 billion yuan, and that of Shenzhen Stock connect was 9.739 billion yuan. At one time, the net inflow of funds to the North exceeded 18 billion yuan. Due to the hot market sentiment, some securities companies apps were down, and even the app of fund companies was blocked in the morning.

CITIC Securities released its investment strategy, pointing out that the make-up of undervalued sectors is not a style switch, but a short-term style rebalancing and a preview of future style switching. It is expected that the supplementary rise will continue for 1-2 weeks, but the growth rate will slow down; after the lifting pressure and performance verification, the market will return to equilibrium. From the late third quarter, finance and cycle will become one of the main lines of the next round of trend rise lasting for several months. In terms of configuration, in the recent up market of undervalued sectors, it is suggested to appropriately add real estate in big finance, as well as optional consumer sectors for economic improvement, including household appliances, cosmetics, automobiles and spare parts.

According to the Research Report on investment promotion strategy, in the second half of 2020, the economic fundamentals will continue to improve, the undervalued financial cycle is expected to usher in the improvement of corporate profits, and the undervalued sector represented by finance will have a wave of significant valuation repair in the second half of the year. However, at present, it is not only the main line of economic cycle recovery. Science and technology has entered the upward cycle, the trend of online consumption and home consumption is still in place, the completion cycle of real estate is speeding up, and the demand for medicine and medical care brought by the epidemic will continue. From the perspective of performance, traditional emerging industries should join hands to improve performance. In the second half of 2020, there will be a round rise and mixed style.

According to the research report released by the strategy team of CSCI, the style switch is not over, but will last for a long time. The securities sector was the first to rise by 20%, and the valuation has been improved to a certain extent. However, under the background of financial reform and capital market becoming bigger and stronger, there is still room for growth. In the insurance sector, under the background of loose credit and rising monetary interest rates, investment opportunities are still prominent. The valuation level of the real estate industry is still low, but the performance will improve with the economic recovery. Insurance, brokerages, real estate and banks are still worth adding.

Source: Netease Financial Editor: Yang Qian_ NF4425