Commentary: The Shanghai Index rose 0.5% in a strong shock, and the coal and brokerage sectors significantly boosted the concept of online games.

On May 26, the three major stock indexes bottomed out in early trading, and rose strongly in the afternoon.GEM refers toNear the end of the session, it fell back and turned green; the transaction between the two cities exceeded 820 billion yuan, and the net sales of northbound funds was about 1.6 billion yuan.

As of the close,Shanghai IndexIt rose 0.5% to 3,123.11 points, the Shenzhen Component Index rose 0.57% to 11,206.82 points, and the ChiNext Index fell 0.19% to 2,321.13 points; the two cities traded 823 billion yuan in total, and northbound funds sold a net 1.597 billion yuan.

On the disk, coal,Military industry、construction machinery、brokerageThe sector has risen sharply,Textile and Apparelhome appliances, paper, petroleum, ports, tourism, construction, steel, winemaking,Insurancebuilding materials and other sectors are stronger;semiconductor,car,food and drinkWhen the sector is weak,NFT concept、big aeroplanewater conservancy, online games, metaverse,5G conceptWaitthemeBe active.

GuoshengsecuritiesIt is pointed out that there are still repeated economic bottom-seeking, and there is no obvious breakthrough to strengthen expectations at present.The pressure of economic growth is still restraining the market, and the policy underpinning andcurrencyUnder the support of the easing cycle, the market as a whole is still in the process of bottoming out. On Tuesday, after the general decline of A-shares, the general rise was followed. Boosted by confidence and sentiment, the resilience has gradually increased. In the short term, it is still in a relatively strong state, and individual stocks can still be played. However, under the suppression of the overall internal and external troubles, the market still has the possibility of repeated or even retracement.In terms of operation, the index has a high probability of entering the bottom construction, and the track stocks have also begun to strengthen significantly. With the continuous restoration of market confidence, the current market may have entered the stage of light index and heavy stocks. Selected sectors and individual stocks may greatly increase excess returns. It is recommended to focus on infrastructure in the direction of “steady growth” and projects with a high level of funding in the near future.semiconductorphotovoltaic, lithium battery and other track stocks.

HuaxinsecuritiesSaid that, with the marginal improvement of internal stagnation and external inflation, the independent market of A-shares can still be expected: 1. The external supply chain is repaired, the conflict between Russia and Ukraine is expected to ease, commodity prices have fallen, inflation has peaked in stages, the fear of economic recession has intensified, and the market has changed from trading inflation. Turning to a trading recession, the fall in US debt has weakened the suppression of A-shares; 2. The local epidemic has gradually been brought under control, and the combination of stabilizing growth has concentrated its efforts. The 5-year LPR cut interest rates beyond expectations, releasing the key to promoting domestic demand, easing credit, and stabilizing growth. Pound signal, economic bottoming and repair can be expected. Steady growth is still the main line of configuration, focusing on “one old, one new and one high”. “Old” is traditional kinetic energy (real estate and infrastructure), stable real estate (real estate,bankbuilding materials, household appliances) and expansion infrastructure (building decoration,construction machinery); “new” means new infrastructure (Photovoltaic equipment、wind power equipmentandGrid equipment); “High” means high-end manufacturing (automotive, electronics, “Specialized and new”)。

(Article Source:securitiesTimes Network)

Article source: Securities Times Network

Responsible editor: 91

Original title: Commentary: The Shanghai Index rose 0.5% in a strong shock, the coal and brokerage sectors rose sharply, and the concept of online games was active.