Home » The three major A-share indexes counterattack: The ChiNext Index soars by more than 5%, and the closing point surpasses the Shanghai Index for the first time

The three major A-share indexes counterattack: The ChiNext Index soars by more than 5%, and the closing point surpasses the Shanghai Index for the first time

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The three major A-share indexes collectively counterattacked today, among whichShanghai IndexThe closing price rose by 1.49%, to close at 3411.72 points;Shenzhen Component IndexSoared 3.04% to close at 14515.32 points;Growth Enterprise Market IndexSoaring 5.32%, to close at 3,549.72 points, the closing point for the first time surpassed the Shanghai Index. The turnover of the two cities reached 1.25 trillion yuan, and most of the industry sectors closed up. Popular track stocks such as semiconductors, new energy, and rare earths rose sharply.InsuranceBankThe sector bucked the market and fell. Northbound funds bought a net 4.228 billion yuan today.

Regarding the market outlook, institutions have expressed their views.

  Orient SecuritiesIt is mentioned that, from the general situation, the overall environment currently facing the country is more optimistic and positive than the internal and external conflicts in 2018, tight credit in 2019, and the turmoil of the epidemic in 2020. The weak economic recovery + policy stability Under the background of, there is no big risk in the market, only big shocks. After the index drops sharply, there is a high probability that it will usher in an upward recovery. It is not appropriate to be overly pessimistic at the moment.

  CITIC SecuritiesIt is pointed out that concerns about extreme industry policies have caused negative sentiment among internal and external investors to resonate. The A-share market has been in a state of tight market liquidity in the early stage, which has amplified the short-term emotional impact. However, the possibility of implementation of extreme policies is low, and the possibility of negative feedback on market liquidity is small, while the domestic fundamentals are steadily improving and the macro liquidity is still loose. It is expected that after the panic of domestic and foreign investors is vented, A-shares will Usher in the best buying point in the second half of the year.

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Huaxin Securities said that from the current point of view, there is no basis for forming a trending market. “It is not easy to go up and down.” The downward space is still tending to be limited. In particular, the current trading volume of more than one trillion yuan means even more. The market is hot, so there is no need to be too pessimistic at the moment. This week, the first half of the week is more similar to the layout, and the second half of the week has more opportunities.

  CICCSaid that the current overall market valuation is not expensive, but the high valuation of the growth sector has become more obvious. The market volatility in the second half of the year may increase, even if there is a significant rotation within the growth style. At the same time, it is recommended to take into account some cyclical sectors that have growth attributes or are currently benefiting from improved international demand. On the whole, it is recommended to select sectors and individual stocks from the bottom up in combination with the degree of prosperity and valuation. It is recommended to focus on the following main lines in the next 3-6 months: 1) Stick to the main line of growth and “select carefully” internally. 2) The consumption industry that has undergone longer adjustments is gradually deployed on dips. 3) Prosperity diffusion logic looks for sub-sectors and individual stocks with growth attributes and good sustainability in the cycle.

  Industrial SecuritiesIn the mid-term, we maintain the basic judgment of “the second half of the year is not dangerous, the A-share market is not a bear market, and the market first declines and then rises”. There is no systemic risk in the market as a whole. . However, in the short term, the A-share market faces the risk of fluctuations in overseas markets, the pain in the process of resolving stock risks in the country, and the negative impact of changes in regulatory policies such as education and the Internet. Therefore, in the short term, the market will enter a period of turbulence, science and innovation and other early hot spots. The difficulty of making money has increased, and there are even adjustment risks. Investment strategy, it is recommended to take the opportunity to adjust and optimize the position portfolio, and patiently deploy high-quality growth stocks on dips. It is not recommended to blindly reduce positions due to short-term pessimism.

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(Article Source:Oriental wealthResearch center)

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