概要
[Essenceofthemorningmeeting:A-sharesorstructureswitchingagenciesintheshocksaidthe3800-pointtargetremainsunchanged!IntermsofthemarketoutlookGuoshengSecuritiesanalyzesthatunderthecurrentenvironmentmarketinstitutionswillstilladjustpositionstocontinuetodifferentiatethesectorAtthesametimewiththeissuanceofalargenumberofnewfundstheremaybeanincreaseof250billionthismonththenetinflowofnorthboundfundsfor11consecutiveweeksandcompanieswithlowvaluationsandlargetechnologicalgrowthareincreasinglyrecognizedbyinstitutionsOperationallythephasedlooseningoftheshort-termmarketmaycausefundstocontinuetoflowtolow-valueandtechnology-basedleadingcompaniesTheshort-termmarketdownsiderisksarelimitedFocusingonlowvaluationsandinvestmentopportunitiesfromleadingtechnologycompaniesmaybeagoodchoicefornow
Looking back at the A-share market on Monday, after the Shanghai and Shenzhen stock markets opened lower, they habitually dropped at the beginning of the market and then stabilizedPull upUp, the strong pattern continues in the afternoon,themeUnder the co-operation of stocks, the stock index continued to rise.Shanghai IndexEven after regaining 3,600 points during the session, the gains narrowed, and the stock index maintained a high volatility pattern near the end. On the whole, the general market price reappeared, the industry and concept sectors are almost red, only a few sectors have adjusted, and the hotspots have taken turns to rise.marketThe money-making effect is better.
Just likeTianfeng SecuritiesSaid, currently withPerformanceDriven by the forecast, the leading stocks of the hot sector in the previous period have generally fallen, and the high-valued stocks that deviate from the fundamentals will faceProfitThe market is expected to switch its structure amidst the turbulence. Funds are expected to flow into leading industry segments with reasonable valuations. We are optimistic about electronics,computer, Chemical industry, non-silver.
As far as the market outlook is concerned, Guosheng Securities analyzes that under the current environment, market institutions will still adjust positions to continue to differentiate the sector.At the same time with the newfundA large number of issuances, this month may have 250 billion increments, northbound funds for 11 consecutive weeksNet inflow, Undervalued and determined by the growth of big technologyenterpriseIncreasingly recognized by institutions. Operationally,short termThe phased loosening of the market may cause funds to continue to flow to low-value and technology-leading companies.Short-term market downside risks are limited, focusing on low valuations and technology leadersthe companyofinvestmentOpportunity, or a good choice for the current.
In addition,Shanxi SecuritiesMentioned that although the current A-share marketcorporate investorBaotuan is still close, but because its valuation is already high, the enthusiasm of funds for purchasing some popular targets will weaken in the short term. It is difficult for related subjects to maintain a rapid upward trend in the short term. Some transactional funds are still under pressure for short-term adjustments that quickly push up valuations. , It is recommended to invest in the lengthening of the investment cycle of the relevant subject, and wait for the opportunity of intervention after the profit is expected to rise further.
Dongguan Securities believes that in terms of policies, the China Banking and Insurance Regulatory Commission and the Central Bank have issued relevant regulations to strengthen supervision and encourage enterprises andbusinessbankCompliance and sustainable development, the National Development and Reform Commission also expressed support for economic recovery, which constitutes a positive factor for the market. At the beginning of the year, the continued inflow of northbound funds and the release of liquidity by the central bank’s MLF operation,Short-term fundingMaintaining a loose pattern is conducive to the further deepening of the market. The support of capital and policy factors and the continuous net inflow of northbound funds will help stabilize market confidence. The market will continue to fluctuate upward if the short-term market is not changed. Pay attention to economic data and the sustainability of the volume. In terms of operation, it is recommended to focus on finance, real estate, non-ferrous metals, chemical industry,food and drink, Home appliances, TMT and other industries.
It is noteworthy that,Northeast SecuritiesIs more optimistic, saying that corporate profitsimproveBasically confirmed that micro-liquidity maintains high net inflows, slow bull market continues, 3800 pointsaimsconstant. We believe that the slow bullish trend of A-share volatility and upward trend will continue. The main reasons are: (1) From the molecular perspective, whether it is the macroeconomic data of the first quarter or the A-share performance forecast that is being disclosed, it shows that the molecular-side profit has improved. The trend continues. (2) From the perspective of liquidity at the denominator, foreign capital, newFund issuance, The financing all inflowed substantially as we expected after the holiday.
In terms of industry configuration,Northeast SecuritiesFurther analysis, the short-term focus on the prosperity and policy-oriented electronics, new energy, military,Brokerage, Non-ferrous metals, medicine, home appliances, agriculture and other industries. First of all, from the perspective of market style, the continued increase in the proportion of institutional funds in the market and the continuous implementation of the registration system have made the high-performance leader still the main allocation direction in the medium and long term. Secondly, from an industry perspective, the proposal mainly focuses on two main lines.
First, from the perspective of prosperity, the current performance forecast disclosure rate is relatively high, and the industries with the highest profit growth rate are mainly pharmaceutical and biological, electronics, household appliances, etc.; from the perspective of industry prosperity indicators, electronics, construction machinery and other industries Prosperity is good; in addition, new energy, military industry, securities companies and other medium and long-term prosperities are in a positive direction, and short-term adjustments are obvious, and they can also be arranged on dips.
Second, the catalysis of policy events on the industry’s short-term market is still worthy of attention. In addition to the upcoming “Document No. 1”, which will bring investment opportunities in the seed industry, breeding and other sectors, there is still a certain market in certain cyclical sectors such as non-ferrous metals; in addition, short-term overseas policies Stabilization, the risk appetite of the telecommunications, electronics and other technology industries has also been boosted.
At the same time, in terms of operational strategy,Centaline SecuritiesIt said that recently with winemaking, automobiles,Pharmaceutical manufacturingas well asfood and drinkAfter the previous popular sectors continued to fall, the institutional holdings sector performed sluggishly. At the same time, the growing industries represented by electronic technology and 5G communications have gradually strengthened, effectively maintaining the characteristics of market rotation. It is recommended that investors continue to look for new leading varieties in the new and strong growth sectors to select opportunities. Investors are advised to pay close attention to electronic technology,real estate, Chemical industry andNon-ferrous metalsWaiting for investment opportunities in the sector, the midline continues to focus on low valuationsBlue chipsInvestment opportunities.
(Article Source:Oriental wealthResearch center)
(Editor in charge: DF150)
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