Lithium batteries and cyclical stocks rose sharply. Over 3000 stocks in the two cities reported on the red market to close in September. A-shares rebounded and issued National Day “red envelopes”
According to the Daily Business Daily, “The blood has finally returned. Today, the stock market is giving you a National Day red envelope!” In the past week, many investors encountered a large drawdown, but yesterday they finally received the National Day red envelope from the stock market. Yesterday, 3,369 individual stocks in Shanghai and Shenzhen stock markets rose, and the ChiNext index recovered the 3,200 point mark, and the effect of making money was better. On the disk, lithium mining, salt lake lithium extraction, and cycles have come back, and price increases such as phosphorous chemicals, organic silicon, and rare earths have risen. However, under the influence of risk aversion, the trading volume of the two cities fell below RMB 1 trillion for the first time, ending the historical record of breaking RMB 1 trillion for 49 consecutive trading days.
The two cities opened higher, and individual stocks rose generally
After being hammered by the stock market for several days, yesterday, the Shanghai and Shenzhen stock markets finally opened higher, and individual stocks rose generally, and investors could “recover blood”. From the disk perspective, the “return of the king” such as the salt lake lithium extraction and lithium battery that have been deeply callback a few days ago, the early morning Shengxin Lithium Energy, Tibet Everest and so on quickly pulled up to the daily limit, driving the plate up. Lithium mining, salt lake extraction of lithium, lithium battery electrolyte, lithium battery positive electrode, lithium battery and other conceptual sectors led the rise. On the news, the recent news that lithium battery giants are “grabbing mines” overseas has boosted the industry’s enthusiasm. CATL has signed an agreement to acquire 100% of Millennial Lithium Corp. for 377 million Canadian dollars (approximately 1.93 billion yuan).
The cyclical sector that encountered the “storm hammer” a few days ago was also repaired to rise sharply. Electricity is still the main force of the rise. The 20% daily limit of AUXunda and Creative Information, Tongbao Energy, Shennan Power A, Xichang Power, Leshan Power and other stocks have daily limit. Leading Mindong Electric Power is approaching the highest point in history after 5 consecutive daily limits. Under the “cutting power cuts”, the power sector has risen by more than 20% since September, setting a new high in more than six years. Conceptual sectors such as phosphorous chemical industry, hydrofluoric acid, fluorine chemical, organic silicon, rare earth, coal, titanium dioxide, etc. have gone up. In addition, the Hongmeng concept has also achieved significant increases. Only the three sectors of banking, securities and precious metals received green. Over 3,300 stocks in the two cities rose, achieving a general rise.
As the stock price rises, investors who have suffered a retracement in the early period are naturally in a good mood. “Have you got the festive red envelopes?” After the market closed yesterday, stock investor Mr. Han chatted with stock investor friends and used this opening remark. However, Mr. Han said frankly that the recent stocks are “very difficult” and the volatility has intensified. Although the general rise yesterday, the volume and energy are insufficient, and there is still a lot of uncertainty in the market outlook. The trading volume of the two cities fell below 1 trillion yuan for the first time, ending the historical record of breaking one trillion yuan for 49 consecutive trading days. In terms of capital, the net inflow of northbound capital yesterday was 970 million yuan.
Pay attention to oversold opportunities
At the end of September, the stock investors will prepare for the October market. Can cyclical stocks still be bought? What to pay attention to in October?
There are views that cyclical stocks and resource stocks may have come to an end, commodity prices may have risen or come to an end, and the subject of subsequent price increases may face adjustment and differentiation. Historical experience has shown that the rise of resource stocks is often accompanied by the index “crossing off”, and after the end of the market, the market will likely adjust and the style will shift to consumption.
Huajin Securities suggests that the market outlook can focus on three main lines: one is benefiting from the decline in raw material prices, the performance is expected to continue to improve, and the high-end manufacturing industry that has or is expected to have a global competitive advantage; the second is that it is not relevant to upstream raw material prices and benefits from domestic Big cycle, the industry’s long-term stable and good chips and other sectors; third, the new energy industry chain, artificial intelligence and other sectors that are in line with the trend of consumption upgrades with huge incremental space and continuous improvement in technological maturity.
The strategy team of China Securities Securities believes that focusing on the market at the end of the year, it recommends the layout of securities firms and new energy sectors, while paying attention to the opportunities for oversold rebounds in the consumption and pharmaceutical sectors.
Some analysts are optimistic about some of the sub-sectors in the cycle varieties. Taking into account the industry’s prosperity, the chemical and non-ferrous metal industries in the cyclical growth field, especially the downstream industries in the new energy chain, still have medium and long-term configuration value.
A strategic analyst at Ping An Securities said that in the process of turbulence and peaking, the cyclical sector will usher in differentiation, and most cyclical stock prices will usher in a significant fall, but the sub-sectors represented by crude oil and aluminum are still worthy of attention, especially ESG. Large-scale state-owned listed companies with superior indicators still have a relatively high price/performance ratio.