Looking back on Wednesday's A-share market, Shanghai and Shenzhen stock markets showed a shock consolidation market. The three major A-share indexes rose and fell at the opening. In the morning, the stock index fluctuated repeatedly and finally fluctuated in a narrow range near yesterday's closing price. In the afternoon, the stock index rose steadily and once had a high performance. Unfortunately, it dived again at the end of the day.
As mentioned in Soochow Securities Co.Ltd(601555) , the market is currently in a strong adjustment period. Technically, the moving averages of major indexes are beginning to diverge. Due to the return of profit-making effect, the market sentiment has performed well in recent trading days. In terms of operation, investors can choose large positions to participate in the recent long market, and can focus on the technology and consumer categories with strong market popularity.
Technically, Guosheng securities mentioned that the Shanghai index went out of the positive for four consecutive days, fell back at 3600 points on Wednesday, and the chip intensive area above still needs to be grinded and digested. Although the increase of the index is small, there are still more than 90 individual stocks in the two cities with a daily limit of 20%. There are nearly 20 varieties with a daily limit of 20%, and the continuous board stocks have risen to 8 boards, which is relatively rare in the near future. At present, the market risk preference is very strong, the plates change one after another, and the emotional atmosphere is good. Although the trading volume continues to be more than trillion, the market increment is limited and it is difficult to launch a comprehensive attack. The index faces the pressure zone, carefully control the position and pay attention to the trading volume. Even if the upward attack is blocked, if there is no obvious contraction, there is no need to worry too much.
In terms of the future market, Central China Securities Co.Ltd(601375) pointed out that the current stock index is in a relatively balanced operation trend, and it is not easy for the stock index to go up and down. Whether the stock index can get out of the market in the future still depends on the stimulation of external forces. In the stage of relatively calm policy, investors can pay appropriate attention to the trading investment opportunities of some subject sectors . It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the gem is more likely. Investors are advised to pay careful attention to the investment opportunities of new energy vehicles, cycles and some subject sectors in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Orient Securities Company Limited(600958) said that near the end of the year, the market is determined to do more for track stocks with high boom continuation or clear policy expectations. After all, the performance is clearly guaranteed. The growth main lines such as new energy, semiconductor and military industry will still lead the cross-year market. At the same time, there are phased opportunities for valuation repair of undervalued sectors , including undervalued small cap stocks, finance, real estate and other sectors. At present, the market funds are more active, and the hot plate switching is smooth. Investors can gradually increase their positions when the market is adjusted to grasp the market situation before the year.
However, Everbright Securities Company Limited(601788) believes that the current market differentiation is obvious, track stocks continue to consolidate, and photovoltaic continues to weaken. underestimate the overall rise of the plate, and there is hope to produce a medium-term trend . At the operational level, it is recommended to continue to avoid the adjustment of individual stocks in photovoltaic, wind power, new energy and chemical sectors, and then look for long opportunities. The undervalued sector focuses on industries with obvious reversal or strong long expectation, such as food and beverage, finance, innovative medicine and meta universe.
Haitong Securities Company Limited(600837) pointed out that there is pressure and support in the current market, the structural character is still the same, and generally it still belongs to the game situation of stock funds. The market is rising in hesitation, and the main line of the market is still brewing . With the economic recovery, the policy signal is clear, the continuous inflow of incremental funds drives the gradual increase of stock funds, and the cross-year market is still worth looking forward to. In terms of operation, recently, core tracks such as lithium battery, photovoltaic and chip should pay attention to eliminating the weak and retaining the strong, and pay due attention to the trading opportunities of small and medium-sized theme stocks stimulated by low news.
In terms of operation strategy, Huaan Securities Co.Ltd(600909) points out that the layout of the transition period will become the main tone in the coming year. While maintaining balance, the configuration will gradually shift to growth. at the stage of bottom grinding on the left side in the fourth quarter and the transition to next year, it should again lean towards the growth track . On the one hand, after mid September, the market fluctuated downward, and some risks have been released; On the other hand, PPI probably peaked in the fourth quarter, with limited suppression on monetary policy. Under the current downward pressure on growth and the requirements of cross cycle adjustment, there will be some support at the liquidity level. According to the three-stage performance of valuation → performance → valuation in the growth market, the growth market in the next stage will move from performance support to the last stage of valuation .
Therefore, while maintaining a balanced configuration, the agency further said that it would gradually shift to a strong growth track and continue to focus on the photovoltaic, wind power, energy storage and new energy vehicle industry chain under the concept of green power; In terms of consumption, we focus on structural opportunities, agriculture, forestry, animal husbandry and fishery related to the low inflation environment, cars rebounding at the bottom of the boom, as well as banks and real estate with defensive attributes and undervalued value.
In addition, Tianfeng Securities Co.Ltd(601162) mentioned that among the strong sectors with high prosperity, we can still grasp in two directions next year: 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.
