The three major A-share indexes rose collectively and ended at noon.Shanghai IndexRose 0.70%, Shenzhen Component Index rose 0.93%,Growth Enterprise Market IndexIncreased by 0.62%. On the plate, chicken, pork, sodium ion battery, Hongmeng concept,insurance, Coal and other sectors have the largest gains. Vocational education,Civil Aviation Airport, Cultivating diamonds,Tourist Hotel、Security equipmentWaiting for the plate to lead the decline of the two cities.
Today’s news:
1. What signal? Hundreds of funds line up for issuance, an increase of 70% year-on-year! “Bullets” or aiming in these two major directions
2. Detonate the 1.2 trillion track? Huawei’s blockbuster strike and win the world’s largest energy storage project!
3. Apple released the most powerful mobile processor in its history, “Lai Bo Chang”, and also updated its earphones and speakers
4. Senior experts set the tone to do a good job in real estate tax pilot work. Experts say that the speed of advancement will be accelerated
5. Outflow!The latest holdings of fund managers such as Fu Pengbo, Xie Zhiyu, and Zhu Shaoxing are also here
As stated by Huaxin Securities, the upstream resource varieties of A-shares rebounded, leading to a rebound in thematic concepts, and popular stocks led to a rebound in transactions. For the fourth quarter, the realization of broad credit expectations is the key to whether the market can continue. From the perspective of financial data, it is obviously lower than expected. In November and December, more than 2 trillion liquidity will expire, so the central bank’s tone is particularly critical.
In terms of market outlook,China GalaxySecurities believes that the enthusiasm for daily trillion transactions has receded, and it will be difficult to return to the previous state in the short term. The market will maintain wide fluctuations during the period of calm on the policy side, focusing on the opportunities of individual stocks.In the second half of October, the third quarterly report will officially disclose the intensive period, and the layout of the third quarterly report will be optimistic about the low valuation +PerformanceSupporting sectors and companies.
In addition, the agency recommends paying attention to: 1) The second half of October is the third quarterly report disclosure season, and the chemical, coal, petroleum and other resource and energy materials industries have better performance; 2) High-end manufacturing such as technological self-reliance, specialization and special new small and medium-sized enterprises He Technology (high valuation, buy every fall) is still in the upward phase of the cycle, optimistic about new energy vehicles, photovoltaics, semiconductors, military industry, etc.; 3) optimistic about the consumer industry with strong performance certainty, reasonable valuation and prominent long-term value.
Bohai Securities pointed out thatThe stock market lacks continuity, and the rapid fading of the money-making effect makes active funds leave the market to wait and see, the volume of transactions continues to shrink, and the market lacks a main line. The shrinking process of transactions is expected to bring about the precipitation and consolidation of the bargaining chip, and reduce the resistance to the subsequent start of the market, so there is no need to worry too much about this. “The performance is under pressure but the overall liquidity is under control, and the total liquidity is stable and loose.” The shock city will remain.Taking into account the disclosure period of the third quarterly report, investors can explore opportunities for the third quarterly report to exceed expectations.
In addition, on the macro side, Dongguan Securities said that although the economic recovery momentum has a marginal weakening trend,CreditThe data is less than expected, and China’s inflationary pressure is relatively high.However, the central bank has set a steady tonecurrencyPolicy, inflation is generally controllable, and at the same time, liquidity of different maturities will be put in appropriate time to smooth out short-term fluctuations, which will help stabilize market expectations.
In terms of operating strategy, the agency further analyzed that investors can explore the opportunities in the energy storage sector brought about by the promotion of policies in the context of the construction of new power systems in the infrastructure areas where the downward pressure on the economy has raised the necessity of infrastructure; and this At the same time, from a mid- to long-term perspective, the left-hand layout of individual stocks in the consumer sector whose valuations have returned to a reasonable range; in addition, they can also focus on the thematic opportunities of specializing and new “little giants” driven by policy expectations.
Caixin Securities mentioned that considering the 1-2 quarter leading time lag of global liquidity to commodity prices, and the synchronization relationship between commodity prices and the economy, we believe that the period of rapid growth in commodity prices has passed. It is expected that China may be in a stage of marginal decline in inflation and weakening economic prosperity in the fourth quarter.At this stage, it is recommended to allocate assets from the following four main lines: (1) Financial sector.At present, the valuation of track stocks has far exceeded that of other sectors, and the financial sector with low valuations has strong demand for supplementary growth, especiallyBrokeragePlate.
(2) Counter-cyclical sector. In the fourth quarter, the margin of demand for exports and replenishment of inventories weakened. Under the macroeconomic cross-cyclical control, the countercyclical sector may perform.
(3) Sectors damaged by the epidemic. As vaccination continues to increase, the damaged sectors of the previous epidemic will usher in valuation repairs, and focus on aviation, airports, hotels, restaurants, tourism, cinemas and other directions.
(4) Low valuation sector.In the fourth quarter, U.S. Treasury yields may continue to rise, and the market will pay more attention to the matching of valuations and performance. Highly valued institutions may usher in adjustments, while low-valued sectors can be used as a bottom position defense and can be paid attention to.real estate、Public utilities, Media.
Southwest SecuritiesPointed out thatFocus on sectors with high industry prosperity, sustainable performance, matching growth and valuation, and stable and rising ROE, Suggested attention: First, pay attention to the consumer, pharmaceutical and other sectors that have large callbacks and have defensive attributes in the early stage, and focus on the fine molecular sectors with smooth price transmission.
Second, pay attention to the military industry sector that has a low correlation with the economic cycle. There are many early callbacks but the mid- to long-term growth is relatively certain. At the same time, the three quarters reported good performance.
Third, pay attention to companies with high downstream prosperity and high bargaining power in the midstream, or companies with integrated industrial chains, such as new energy, semiconductors, and high-end equipment manufacturing. Fourth, pay attention to the post-epidemic cycle sectors, including shipping, airports, tourism, commerce, film and television, etc.
(Article Source:Oriental wealthResearch center)
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