August 11 hit the bottom, folk books are on fire! Securities companies: the end of the adjustment signal appears

category:Finance
 August 11 hit the bottom, folk books are on fire! Securities companies: the end of the adjustment signal appears


The trend of main stock index of a shares this morning

Consumer stocks hit new highs in volume

Source: flush

On the news, yesterday, the China Banking and Insurance Regulatory Commission released the data of major regulatory indicators of the banking and insurance industry in the second quarter of 2020. The institution believes that with the disclosure of regulatory data in the second quarter, the markets concerns about bank asset quality and profit yield are gradually digested, and the recovery of macroeconomic stability will also support an earlier turning point in asset quality, and improve the pace and space for subsequent valuation repair of the industry. It is suggested that we should actively pay attention to the medium and long-term allocation value of the sector.

In the insurance sector, China Pacific Insurance and China Life Insurance rose more than 2%.

In addition, the performance of food and beverage, liquor and other consumer varieties is also more prominent. This morning, Sanquan food, Yanjin shop, Zhongju hi tech, Shuanghui development, Haitian flavor industry and other stocks hit a record high in batch. It is worth noting that Haitian flavor industry rose by 2.29% this morning, and its total market value exceeded 500 billion yuan, with a cumulative increase of 75.32% during the year.

Recent trend of Haitian flavor industry

Source: wind

A share adjustment or near the end

During the four trading days from August 5 to 10, the Shanghai stock index all went out of the deep V market, either large or small, but the overall index was still in the box. This morning, the Shanghai stock index showed a breakthrough trend, standing at 3400 points.

Fan Jituo, a new era securities strategist, said that the recent adjustment of pharmaceutical, electronic and other sectors that have been strong in the past two years may be a signal of the end of the shock. In terms of time, it is more likely to start rising again in mid and late August.

Fan Jituo further analyzed that the adjustment since the middle of July has no real trend negative, and the main reason behind it is technical adjustment. The recent weakness of the strongest pharmaceutical and electronic stocks in the past two years may be a signal of the end of the technical adjustment.

However, there are still many people believe that a shares are still subject to the impact of external events in the short term. In this regard, Northeast Securities said that in the history of re trading, a shares showed strong resilience to external conflicts, and the market had expected the long-term and sustainable nature of the game among big powers. The trend of A-share market depends more on internal factors, and external disturbance is an opportunity to allocate A-shares.

Deppon securities holds a similar view that, under the background of no significant changes in the short-term fundamentals, the bull market of a shares is expected to continue. The short-term risk is only a disturbance, and every adjustment caused by risk events is a periodic opportunity.

Short term game undervalued blue chip

Like the market in early July, undervalued insurance, banks and other cyclical varieties broke out again in the past two days, and the market style swayed again. In this context, how to configure the aftermarket?

Pacific Securities said that the short-term game can be underestimated blue chip to make up for the rise, and the medium and long-term still need to stick to the core assets of consumption and technology.

Kaiyuan Securities said that with the continuous verification of the recovery signals by fundamentals, the second wave of cyclical industry offensive has started. The particularity of the epidemic situation will make the economy show a U-shaped recovery, and the peak start season is coming. It is time for the previously entangled investors to put down their hesitation and embrace the weekly period. The recommended order is as follows: first, building materials, construction machinery, construction machinery with both price elasticity and market continuity Second, there are cycles in the business cycle among sub industries, so it is suggested to track the price distribution of chemical industry; third, real estate, banking, insurance, coal, nonferrous metals and iron and steel account for at least one of elasticity and persistence; fourth, household appliances and automobiles can be appropriately distributed in Pro cyclical consumption. According to the match between industry prosperity and valuation level, China Securities Construction Investment Corporation (CSCI) tends to moderately over match the relatively undervalued sectors such as cycle and finance. While there is a good margin of safety, it can obtain certain driving force along with the economic recovery. Source: China Securities Journal Editor in charge: Yang Bin_ NF4368

Kaiyuan Securities said that with the continuous verification of the recovery signals by fundamentals, the second wave of cyclical industry offensive has started. The particularity of the epidemic situation will make the economy show a U-shaped recovery, and the peak start season is coming. It is time for the previously entangled investors to put down their hesitation and embrace the weekly period. The recommended order is as follows: first, building materials, construction machinery, construction machinery with both price elasticity and market continuity Second, there are cycles in the business cycle among sub industries, so it is suggested to track the price distribution of chemical industry; third, real estate, banking, insurance, coal, nonferrous metals and iron and steel account for at least one of elasticity and persistence; fourth, household appliances and automobiles can be appropriately distributed in Pro cyclical consumption.

According to the match between industry prosperity and valuation level, China Securities Construction Investment Corporation (CSCI) tends to moderately over match the relatively undervalued sectors such as cycle and finance. While there is a good margin of safety, it can obtain certain driving force along with the economic recovery.