Looking back on Thursday's A-share market, Shanghai and Shenzhen ushered in a shock adjustment pattern. The three major stock indexes rose and fell at the opening, but the trend was the same. The stock index made a small adjustment after being blocked by the rapid rise, and then gradually weakened. In the afternoon, the stock index showed an upward performance, and fell again at the end, and the adjustment trend became more and more obvious.
As mentioned in Soochow Securities Co.Ltd(601555) , at present, the market has entered the preliminary adjustment range after the stage of overheating popularity. This adjustment is relatively healthy . Some sectors with rapid growth in the early stage began to show clear profit taking signals, and some sectors have the trend of accelerating to catch up with the top. In terms of operation, investors can choose the seasonal variety layout with acceptable overall position at this stage, or intervene in popular sectors in a short and fast way to stop profits and losses in time.
From a technical point of view, Dongguan Securities said that the Shanghai index fluctuated weakly on Thursday, with a general profit-making effect, but the trading of the two cities remained active, and the northward capital maintained a net inflow trend. It is expected that the market is expected to shock and strengthen, and pay attention to the change of volume and energy and the rotation of plates. In terms of operation, it is recommended to pay attention to finance, food and beverage, chemical industry, electrical equipment, TMT and other industries.
In addition, Huaxin Securities believes that the current index stepping back has not ended, and there is a slight lack of space. from the perspective of short-term index, it will still maintain the shock trend. However, if the Shanghai index goes back to 3570-3550 points, it can actively allocate , such as upstream resources of lithium batteries for new energy vehicles, rare earth permanent magnets, wind power, auto parts, UHV, energy storage, hydrogen energy and other sub fields.
In terms of the future market, Guosheng securities mentioned that is close to the integer mark of 3600 points, and the Shanghai index will usher in a shock pattern. With the rotation of market hot spots, it will repeatedly test 3600 points and seek opportunities for breakthrough . In terms of operation, it is recommended to avoid following the trend and blindly chasing the high, in the case of intensified plate rotation, we can actively pay attention to the high-profile industries and callback the intervention opportunities of individual stocks with sufficient correction .
Orient Securities Company Limited(600958) said that at present, the long and short sides are close to each other, and the market is in a relatively balanced operation trend. There is little room for fluctuation of the stock index. In the future, the stock index will still rely on external stimulation to get out of the market. At the present stage, it belongs to the policy vacuum period . When the current round of Yuan universe theme market is coming to an end, the structural market will focus on growth themes such as science and innovation, consumption For undervalued varieties such as medicine, investors can pay appropriate attention to trading investment opportunities in some subject sectors.
Central China Securities Co.Ltd(601375) pointed out that the current market hot spots change frequently, the market profit-making effect is not strong, and the stock game characteristics are significant. The investors of investment have a heavy wait-and-see mentality with money. Whether the stock index can get out of the market in the future still needs a strong boost from external forces . It is suggested to continue to pay attention to the changes in policy and capital. It is expected that the short-term slight consolidation of the Shanghai index is more likely, and the short-term slight shock of the gem is more likely. It is suggested that investors should wait and see for a short time, and the middle line should continue to pay attention to the investment opportunities of undervalued blue chips.
In addition, YueKai Securities said that in recent years, the attraction of A-Shares to overseas capital has gradually increased. The performance of science and technology growth stocks generally maintained rapid growth in the third quarter of this year. Superimposed on the loose monetary policy in China in the fourth quarter and the support of policies, the performance and share price of science and technology growth stocks are expected to improve in the long term . QFII's own investment style also tends to hold high-quality stocks with good industry trend for a long time. Intensive research at this stage reflects its recognition of the long-term investment value of the science and technology growth sector.
In terms of operation strategy, Sinolink Securities Co.Ltd(600109) mentioned that the ranking of institutions will be finalized at the end of the month, and the market style may be concentrated again . It is expected that in the short term, the index may continue to fluctuate, but the risk is controllable. In the later stage, the center of gravity will continue to move upward. Radical investors are advised to focus on consumption, military industry and new energy. Steady investors maintained a position of about 70%.
Tianfeng Securities Co.Ltd(601162) pointed out that among the strong sectors with high prosperity, we can still grasp next year in two directions: the first is the sectors with strong performance this year. The market expects the performance to continue to rise or fall by a small margin next year, such as photovoltaic, energy storage equipment and CXO. The second is the strong / high growth sector this year. Although the performance growth rate will decline significantly next year, the horizontal comparison is still in the forefront, such as new energy vehicles, military electronics and raw materials, and vehicle manufacturers. Under the background that the policy and market style are biased towards emerging industries, the growth plates of PCB, information security and other boom reversals next year deserve attention.
Caixin Securities said that the systematic risk faced by the A-share market in the fourth quarter was not large, and there was a structural market. We suggest focusing on high boom and high growth tracks with performance certainty. Recommended configuration: (1) carbon neutralization theme . At present, China is fully promoting the goal of "carbon neutralization". Clean energy such as wind and light is accelerating to replace traditional energy. We can pay attention to new energy, environmental protection and energy storage.
(2) new economic theme . High end technology manufacturing industry may be an important driving force for future economic growth. It is suggested to focus on chip semiconductors, computer software, high-end intelligent manufacturing with accelerated domestic substitution and rapid industry growth.
(3) consumption recovery theme . At present, China's PPI is at a high level and CPI is running at a low level. The subsequent scissors difference between the two is expected to converge, and the industrial profits will shift from the upstream to the middle and downstream. It is expected that there will be some opportunities in the consumer sector. It is suggested to continue to pay attention to "Guochao" cosmetics and medical beauty.
(4) biomedical theme . Medicine is an industry with long-term value, and there are short-term opportunities before the epidemic is completely controlled.
(5) undervalued finance topic . At present, the valuation of track stocks has far exceeded that of other sectors, and there is a strong demand for make-up in the undervalued financial sector.
