Historic moment! The ChiNext index points surpassed the Shanghai Composite Index in intraday trading. On the disk, sectors such as network security, winemaking, organic silicon, and digital currency were among the top gainers, and sectors such as 3D cameras, automotive chips, and rare earth permanent magnets led the decline. As of press time, the Shanghai Composite Index rose 0.29%, the Shenzhen Component Index rose 0.29%, and the ChiNext Index rose 0.59%.
Today’s news:
1. Financing customers have repeatedly increased their positions and the balance of financing for 10 consecutive weeks to record highs!Follow the hot spots and quietly sweep the goods in this industry
2. What signal! Is the world‘s largest Chinese equity fund reducing its holdings of Tencent’s core assets? (With core stock pool)
3, 4 trillion giants once again overweight 28nm chips, “core shortage” tide will ease? Which aspects of SMIC’s 65.3 billion bet will benefit most?
4. Whose RRR cut is good? What are the reasons for the continuous decline of the banks while the stocks are rising?
5. The highest performance is expected to increase by 32 times! Why does this industry make so much money?
6. The outburst of public offerings, which means that the A-share bull market is not over? These fund managers “bet” on Long Niu and slow Niu will be the new normal?
7. In July, the Fund surveyed 111 listed companies that prefer chemicals and mechanical equipment!Ten billion fund managers’ latest position adjustment path
8. The “anchor of global asset pricing” rare eight consecutive drops of funds sounded the hedging alarm! The two major central banks shot technology stocks to continue the carnival?
As far as the market outlook is concerned, Haitong Securities said that one of the reasons for the market in the second half of the year is that the macro liquidity is neutral, and the stock market has ample micro funds. Second: In the expansion of corporate profits, the ROE high is expected to be 21Q4-22Q1. Third: The market sentiment is 60-65 degrees, and there is room for improvement in risk appetite. The leader represented by the Mao Index is still better equipped, and smart manufacturing with fast profit growth is more flexible.
In addition, last Wednesday, the National Standing Committee mentioned the “reduction of the RRR” in due course, and the central bank announced the decision to “comprehensively reduce the RRR” last Friday afternoon. Many investors expressed concern about the market impact of the RRR cut. Essence Securities believes that the main effect of this RRR cut is to reduce corporate financing costs, make up for the liquidity gap for a period of time in the future, and release a more “flexible” monetary policy signal. At the same time, the period after the fourth quarter may face China’s economic growth. The combination of rapid slowdown and marginal tightening of U.S. monetary policy. Therefore, the RRR cut at this stage has to be considered in advance. It is expected that monetary policy will maintain a neutral and partial easing tone in the next stage, but the continued significant easing increase will also face constraints. .
Yuekai Securities pointed out that the performance of the stock market after the central bank’s overall reduction of the deposit reserve ratio after the resumption of the market for nearly a decade: the first trading day after the announcement of the RRR cut, the market saw a total of 9 rises and 7 declines, with a winning rate of 56%. . On the whole, after the RRR cut, the market generally rose under the boost of sentiment, and then gradually returned to normal.
In terms of operating strategy, Shanxi Securities stated that in the medium and long term, the consumption upgrade and technology sector, which has maintained a high level of prosperity, will still have strong appeal, and the sector will bring excess returns. It is unanimously expected that the growth rate will remain at a relatively high level. Will continue to fluctuate upwards under the alternate drive of related sectors.
In addition, CITIC Securities analyzed that it is recommended to continue to grasp the high-prosperity growth manufacturing main lines such as new energy and semiconductors during the interim report season, and to grasp the timing of entry brought by phased corrections. In addition, focus on the military and computer sectors. But relatively stagnant industry segments.
CICC mentioned that it is expected that the focus of the market in the second half of the year may shift from the current focus on inflation to the continuity of growth at the same time. Growth may be relatively dominant. It is recommended to pay attention to the following three main lines: 1) High prosperity, China’s already competitive or growing industrial chain: electric vehicle industry chain, new energy, technological hardware and software, electronic semiconductors, some manufacturing capital goods, etc.; 2) general Consumer industry: Bottom-up stock selection in the pan-consumer, including daily necessities, light industrial home furnishings, hotel tourism, home appliances, automobiles and parts, medicine and medical equipment, etc.; 3) Gradually reduce the cycle configuration but pay attention to certain structures. Or a cycle with structural growth characteristics: some non-ferrous metals such as lithium, chemicals, and financial leaders benefiting from the development trend of wealth and asset management.
(Source: Oriental Wealth Research Center)
.