Looking back on Monday’s A-share market, the Shanghai and Shenzhen stock markets opened higher across the board. At the beginning of the session, under the leadership of heavyweights, the Shanghai index rose continuously, and the intraday strength exceeded 3700 points, but the good time did not last long. In the afternoon, many plates rose and fell, and the Shanghai index also fell; The gem index fluctuated strongly throughout the day, showing a differentiation pattern with the Shanghai index.
As mentioned by Dongguan securities, the Shanghai stock index opened high and fluctuated on Monday. Although 3700 points were lost, the individual stock sector was active, the volume of the two cities could be moderately enlarged, and the northward capital continued to flow in net, boosting market confidence. It is expected that the market is expected to continue to fluctuate and rebound, and pay attention to the rotation rhythm and volume change of the sector. In terms of operation, it is recommended to pay attention to finance, food and beverage, household appliances, building materials, electrical equipment, TMT and other industries.
As for the future, Aijian Securities said that the market maintained the upward trend of shock, the impact of the epidemic gradually weakened, the policy environment was good, the liquidity expectation was good, and the market environment was relatively good. We expect the upward trend of shock to continue. we just can’t be too radical. We continue to maintain moderate optimism and actively grasp the trading opportunities in the market . From the perspective of opportunities, we will continue to pay attention to the recovery of low-level sectors, and continue to pay attention to the new energy industry chain, food and beverage, medicine and science and technology, and follow the market to seize trading opportunities.
Orient Securities Company Limited(600958) pointed out that from the perspective of a shares, “steady growth” will be one of the important investment main lines from the end of the year to Q1 in 2022 . The A-share industry sector may continue the differentiated structural market, and the configuration needs to be more balanced and keep dynamic tracking. The main line industries of “steady growth”, such as financial real estate, building materials, household appliances, light industry, construction machinery, food and social services, have the biggest advantage that the valuation and stock price are low + favorable policies + relatively high roe. The disadvantage is that the long-term EPS growth is still uncertain at present; In the direction of science and technology and new energy, the biggest advantage lies in the high certainty of long-term EPS growth + long-term policy encouragement, and the disadvantage lies in the relatively high valuation and concentrated institutional positions, which is prone to high stock price fluctuations.
From the perspective of industry and stock selection, Dongguan securities also mentioned that pays attention to northward funds to increase their holdings of more consumer, financial and other value blue chips, and actively layout the cross year market . Recently, northbound funds have significantly increased their holdings of a shares, with food and beverage, banking, non bank finance, electronics and household appliances among the top. The northern capital style has been switched to blue chip stocks of consumption, finance and other values. Among the stocks with the highest market value of northern capital increase recently, almost all of them are occupied by white horse blue chips. The growth sectors such as military industry and electrical equipment showed weak performance. The large inflow of northward funds has a positive effect on the market.
Historically, the position change of northbound funds is relatively close to the market trend, which has a certain forward-looking and guiding effect on the overall trend of a shares. it is suggested to actively layout the cross year market and increase the holdings of more consumer, financial and other value blue chips . It is suggested to pay attention to industries and companies with large scale of net capital inflow to the north, as well as companies with large proportion of circulation, and choose the appropriate allocation. It is suggested to pay attention to food and beverage, finance, household appliances, medicine and biology, electronics, building materials, new energy, electrical equipment and other sectors.
In terms of operation strategy, Sinolink Securities Co.Ltd(600109) points out that focuses on the market layout at the end of the year and the beginning of next year, focuses on the main line return of the new energy sector, pays attention to the oversold rebound opportunities of medicine and consumption, and the short-term and fast opportunities of securities companies . The main line of the market at the end of the year and the beginning of the year is still the new energy sector with long-term logic and no bad short-term performance. In addition, there may be opportunities for oversold rebound in consumption and medicine at the end of the year. In addition, there may be short-term and fast opportunities for securities companies. Continue to focus on the segments of midstream capital goods benefiting from Chinese and overseas capital expenditure, such as intelligent manufacturing, parts, etc. The subdivided industrial chain benefiting from new energy in the basic chemical industry also deserves attention.
Guosheng Securities said that was established first and then broken, with internal and external resonance and steady growth, leading the beta market over the next year . （1） The steady growth direction has been established and initial results have been achieved. The credit conditions are expected to stabilize in a real sense at the end of the year, and continue to be optimistic about value restoration in the medium term, including food and beverage, consumer services, high-quality banks, state-owned enterprise developers and power; （2） New and old infrastructure development direction, the first is: construction / building materials, scenery storage, UHV; （3） Upstream cost reversal auto parts, small household appliances, and independent main line military industry.
Huaan Securities Co.Ltd(600909) believes that while actively distributing and participating in the cross-year market and emphasizing the opportunities of growth sectors, we can turn to more positive ideas and tilt from structural to comprehensive allocation. First, in terms of growth , we will continue to adhere to the industrial chain of new energy vehicles, photovoltaic, wind power, hydrogen energy, energy storage and semiconductors in the medium term, and further explore the links in the industrial chain where there is a gap between supply and demand and profit improvement, such as the profit improvement of photovoltaic middle and downstream modules; Second, infrastructure chain , and add building materials that benefit from the advance force of policies; Third, consumption direction , structural opportunities, focusing on the automobile industry recovery and agriculture, forestry, animal husbandry and fishery benefiting from the price rise; The fourth is financial direction . In addition to securities companies affected by transaction volume and comprehensive registration system, the additional allocation policy eases the superposition of real estate repaired by valuation, as well as banks with improved asset quality.
In addition, The Pacific Securities Co.Ltd(601099) securities mentioned that it is recommended to invest in four categories: first, maintain a optimistic cycle with growth attributes ; second, emphasize the scientific and technological transformation attribute of the meta universe , and firm the layout in combination with the “growth dominant” logic under the policy bottom market; third, industries with superior winning rate and return rate under the policy bottom Market (short speculation) ; fourth, gradually add consumer varieties with defensive attributes. In terms of specific configuration in December, combined with the industry rotation “five dimensions” scoring system, the first choice is: power equipment and new energy, national defense and military industry, chemical industry and electronic semiconductor; Second choice: nonferrous metals (rare metals), machinery and communications, and securities companies.
