On February 23, under the background of the overall decline of European and American stock markets overnight, the A-share market came out of the independent market, and the three indexes rose strongly. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan again after a month.
Analysts said that uncertainties are gradually fading, and A-Shares are expected to continue to rebound. In the short term, the main line of steady growth may be relatively strong, but after the economic fundamentals gradually stabilize, growth stocks may become the main line of the market again.
hot sectors frequently appear
Affected by geographical factors, the global stock market fluctuated sharply recently, and a share capital adjusted at the beginning of the week. However, on Wednesday, it stepped out of the independent market against the background of the overnight decline in European and American stock markets.
Data show that on February 23, the Shanghai Composite Index rose 0.93% to 3489.15 points; The Shenzhen Component Index and the gem index rose 1.90% and 2.82% respectively. In all a shares, a total of 3598 stocks rose and 100 stocks rose by the limit.
In terms of transactions, on February 23, the turnover of Shanghai stock market was 415.6 billion yuan and that of Shenzhen stock market was 625.3 billion yuan, with a total turnover of 1040.9 billion yuan, exceeding 1 trillion yuan for the first time since January 21.
The total net inflow of northbound funds on the 23rd was 1.422 billion yuan. Among them, the net inflow of Shanghai Stock connect was 926 million yuan and that of Shenzhen Stock connect was 496 million yuan.
From the recent performance of the sector with high market attention, on February 23, the semiconductor industry continued to rebound, the semiconductor industry index rose by 5.97%, and the popular stocks Konfoong Materials International Co.Ltd(300666) , Kingsemi Co.Ltd(688037) in the sector rose by 20%. The popularity of the concept of “counting from the east to the west” continued, Yimikang Tech.Group.Co.Ltd(300249) increased by 20% and Capitalonline Date Service Co.Ltd(300846) increased by 10.40%. The concept of digital currency continued to be sought after by funds under favorable policies, Shenzhen Dvision Co.Ltd(300167) rose 9.63% and Client Service International Inc(300663) rose 4.50%.
In addition to the above hot sector, 23, the No. 1 central document issued by the impact of Rural Revitalization of the theme of force, the sector of more than one stock trading. In addition, stocks in the new energy vehicle industry chain also strengthened one after another. It is worth mentioning that individual stocks in semiconductor, medicine, education, small metals and other sectors in the A-share and Hong Kong stock markets have strengthened in linkage. Insiders believe that the strength of A-Shares has driven the trading sentiment of the Hong Kong stock market. As of the close, the Hang Seng Index rose 0.60%.
opportunities for growth stocks are emerging
In terms of recent market performance, A-share hot spots are scattered and the sectors rotate frequently.
Haitong Securities Company Limited(600837) pointed out that in the medium and long term, A-Shares are in the stage of strategic layout. First, after nearly two months of release of market sentiment, the risks of some industries and individual stocks have basically been fully released, and the current overall valuation of A-Shares is also relatively reasonable. Secondly, the implementation of countercyclical regulatory policies in real estate, consumption, infrastructure investment and other fields has been accelerated, which will help China’s economic growth gradually stabilize. In addition, from the performance forecast of the annual report of listed companies, the high prosperity technology manufacturing industry still has strong profitability, and the growth sector with significant adjustment in the early stage shows signs of oversold and rebound. Overall, the short-term performance of the main line of stable growth may be slightly stronger, but after the gradual realization of economic stabilization, growth stocks may become the main line of the market again.
Soochow Securities Co.Ltd(601555) believes that the speed of market style switching may be accelerated in the near future, and the adjustment speed of weight varieties with large increase in the early stage and high valuation may be increased. In terms of operation, investors can maintain medium and low positions, choose hot varieties with good growth for short-term trading, and choose the opportunity to increase their positions after the market leaves the downward channel.
Guoyuan Securities Company Limited(000728) said that since this year, the market has been relatively weak and the risk appetite is low. It mainly focuses on defensive strategies. The undervalued sector and the infrastructure and financial sectors benefiting from the steady growth policy have performed relatively well. From the current situation, some uncertain factors outside China are fading, A-Shares are expected to stabilize, and investors will gradually restore confidence.
