概要
[JufengInvestmentAdvisor:Approaching30000points!WhatistheimpactofHongKongstocks’continuedhotAshares?Viewpoint:SincethefourthquarteroflastyearmarketriskappetitehasreboundedWiththeacceleratedrecoveryofeconomicfundamentalsandreasonableampleliquiditythelogicofthemarket’spositivetrendhasnotchangedAftertheupwardstructuralshockwiththerecoveryofmarketsentimentandtheimprovementoftheearningeffectthemarketisinfullswinginthespringandthemarketearningeffecthasbegunAfterthecontinuousupwardmovementbewareoftheshort-termsteppingespeciallytheplatestepping
Viewpoint: Since the fourth quarter of last year,marketRisk appetite has rebounded. With the accelerated recovery of economic fundamentals and reasonable abundance of liquidity, the logic of the market’s positive trend has not changed. After the upward structural shock, with the recovery of market sentiment and the improvement of the earning effect, the market is in full swing in the spring, and the market earning effect has begun. And after continuous upward,short termBe careful to avoid stepping, especially the plate.
Morning, indexDrive low，Start a businessThe board rose sharply, and the main board rebounded immediately. On the disk,HeavyweightUnder the leadership of, the GEM continued to strengthen and has recovered the ground lost yesterday.andSecuritiesIn the platePull upunder,Shanghai IndexAlso recovered manyMoving average. Yesterday, the three major indexes all pulled back, but today there seems to be signs of regaining. ,
It is worth noting that while A-shares have recently been bullish,Hong Kong stocksThe market has also begun to heat up.Hang Seng IndexRecently, it has set a new high for the year in a row. Yesterday’s gapped sharp rise and today’s continued upward movement have set a new high since May 2019, approaching a high of 30,000 points.DealAbove, through the data, the total turnover of Hong Kong stocks on January 18 was 224.3 billionHong Kong dollar, The total transaction amount of the southward funds is up to 76 billion Hong Kong dollars, accounting for about one-third of the total, and the net purchase is also nearly 23 billion Hong Kong dollars. In the 11 trading days since the beginning of this year, the southward funds have bought more than HK$413.8 billion in Hong Kong stocks, with a net purchase of HK$158.7 billion.
a lot ofinvestmentPeople are worried that if all the funds pay attention to the Hong Kong stocks, will the attention of A-shares be reduced, and will the market after finally getting up be affected?
Judging from the market performance yesterday, it seems that there was some interference. After all, the market turnover fell below one trillion for the first time the day before yesterday, and the three major indexes fell across the board yesterday. I can’t help but say that there is no impact, but the overall concern is superfluous. on the one hand,Domestic investmentThe proportion of investors investing in Hong Kong stocks is not very large, even ifSouthbound tradingThere is still a large threshold for participation in the market. For many ordinary investors, it is still a bit difficult; on the other hand, the overall valuation of Hong Kong stocks is indeed very low, that is, relatively cheap, foreign and domesticcorporate investorIt is more optimistic, and it is normal to phase out groups. In addition, if the Hong Kong stocks become more concerned and the index continues to rise, it will actually have a leading role for A shares.
Therefore, the boom in Hong Kong stocks actually boosts A-shares more than the adverse effects, especially when the market is improving. In fact, the enthusiasm for funds is still relatively strong. And we have also seen that the enthusiasm of Northbound funds for A shares has not weakened, and the market turnover yesterday returned to above one trillion yuan, and the market’s enthusiasm is still high.
On the whole, with strong fundamentals and relatively loose liquidity, the bull market continues. Although the sector is rotating, the effect of making money remains unabated. ContinuePositionWaiting to rise is still the main tone.It is recommended that investors continue to carry out balanced allocation: On the one hand, pay attention to oversoldTechnology stocks. In particular, semiconductors, chips and 5G have been fully adjusted since the second half of last year. The current leading products have rebounded first. With the rebound in market risk appetite, the demand for repairs has gradually increased. There is still room for a rebound in the short term. Focus on the securities sector. .The market continued to rise. Under the overall adjustment of the previous sector, thePerformanceUnder the support of the market and the upturn of the market, the counteroffensive banner will be picked up again at any time, which is an indispensable main force in the bull market. In addition,bankIt can be used as a bottom warehouse configuration, but with policy stimulus and economic recovery,Military sectorFor the low-level target, the opportunity cannot be missed.
(Source: Jufeng Finance)
(Editor in charge: DF515)
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