Yesterday,Shanghai IndexOnce again, I struggled to stand up to 3,600 points. It is said that it is “difficult” because the Shanghai Stock Exchange has recently stood at this round number many times, and has come down many times. This makes investors a little nervous about the future trend of A-shares.
As the old saying goes, “Soldiers win with the momentum”. The key to successful investment is to seek, act in accordance with the situation, and follow the trend. In fact, in my opinion, the current positive momentum of the A-share market is unabated. Grasping the general trend and seeking structural value investment opportunities is what we need to grasp.
From the perspective of China’s economic fundamentals, if the May economic dataCPIUp 1.3% year-on-year,PPIAn increase of 9% year-on-year shows that China’s economy is steadily improving. Then, the worldbankAnd the IMF’s latest report on ChinaGDPThe growth figures were raised by 0.60 percentage points and 0.3 percentage points respectively, reflecting the confidence of overseas institutions in China’s economic growth.andNingde eraOn June 10, it returned to the trillion-dollar market value club and ranked among the top ten in the A-share market. It was interpreted by the market as a sign that the new economy occupies an important position in the Chinese economy, and it also confirms that the Chinese economy is full of vitality.
From the fundamentals of listed companies, 484 companies have announced the first half of this yearPerformanceAmong the companies, over 60% of the pre-happy, as many as 124Net profitDouble, this is also a further empirical evidence of the increase in the intrinsic value of A shares.
From the perspective of A-share capital supply, there are three major capital support. First, according to the latest data from China Clearing, the number of new A-share investors in May was 1.4122 million, an increase of 16.32% year-on-year. This is the 15th consecutive month of new investors breaking through one million. New investors will inevitably bring new capital into the market, although the amount cannot be accurately predicted.Second, since the second quarterNorthward capitalThe pace of influx has accelerated. In March, only 18.711 billion yuan of northbound funds were net purchased, and the net purchases exceeded 50 billion yuan in both April and May. Third, in terms of the balance of the two financings, capital admission has accelerated, from 1.65 trillion yuan on April 1 to 1.73 trillion yuan on June 9, an increase of nearly 5%.
From the perspective of investor sentiment, the impact of individual negative information such as “breaking news” and the peak period of lifting the ban on investors’ sentiment has been significantly weakened. At the same time, investors are extremely sensitive to multiple sources of news. For example, on June 3, the Shanghai Free Trade concept stocks rose sharply throughout the day. 11 stocks including “Two Bridges and One Mouth” rose by their daily limit, and the market value of the 42 constituent stocks on that day increased by 27.830 billion yuan.Many analysts believe that this is due to Shanghai’s establishment of an urban renewal of 80 billion yuan.fundImpact. The establishment of a fund has driven the market value of the sector to rise by nearly 30 billion yuan, which is evident in the rising popularity. There are also examples of this, and even oolong ups, so I won’t repeat them here.
Opened yesterdayLujiazuiAt the forum, the Chinese peoplebankGuo Shuqing, Secretary of the Party Committee and Chairman of the China Banking and Insurance Regulatory Commission, stated in his speech that “to guide more social savings into direct investment andStock investment“This opens up more room for imagination in the future of A shares.
Based on the comprehensive research and judgment of the above-mentioned various factors, the author believes that the positive trend of the A-share market has already taken shape. 3600 points, don’t worry about it.
(Source: Securities Daily)
(Editor in charge: DF372)
Solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this stand.
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