Looking back on Wednesday’s A-share market, the Shanghai and Shenzhen stock markets opened up mixed. After the shock consolidation at the beginning of the market, the stock index once plunged, but it turned red quickly, and then kept shaking above the red market in the morning; In the afternoon, subject stocks continued to be strong, the index rose again, and entered a strong shock pattern.
As mentioned in Soochow Securities Co.Ltd(601555) , after two consecutive small adjustments, the market ushered in a general rising market on Wednesday, and the pattern of singing and playing with the theme of weight was staged again, with the trading volume of the two cities slightly exceeding trillion. boom track has become the core of the market, but the risk of chasing up is still large. Under the current market environment, the left low absorption ambush effect is more ideal . In terms of operation, it is recommended that investors, on the one hand, properly arrange the middle line of the low undervalued plate, and on the other hand, keep track of the high boom track.
In terms of the future market, Central China Securities Co.Ltd(601375) pointed out that market led hot spots are frequently converted with weak sustainability, resulting in a heavy wait-and-see mentality of OTC funds. Whether the stock index can break through the market situation in the future still needs policy support . 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. Investors are advised to pay close attention to the investment opportunities of new energy lithium battery, pharmaceutical manufacturing, consumption, auto parts and some cycle industries 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 towards the end of the year, institutional caution dominated. While preserving the victory results, it was unanimously expected to explore the investment varieties of next year. In the market, it was mainly structural market. The theme of yuan universe had the meaning of temporary rest, but the rebound of dynamic science and technology theme continued , gradually spreading from game stocks to virtual reality, chips, media Cloud computing, etc. it is recommended to pay attention to the leading targets of subdivided tracks and choose the layout of machines.
In addition, Northeast Securities Co.Ltd(000686) believes that historically, most of the cross year market varieties are the direction with relatively excellent performance in the past year, such as financial consumption blue chip in 2017-2018, pig cycle industrial chain in 2018-2019, new energy electronics in 2019-2020 and core assets in 2020-2021. This year, the main line of carbon neutralization is the best, but the cycle business trend is confirmed to be downward, Therefore, the cross year market is likely to be in the technology manufacturing dominated by new energy.
China International Capital Corporation Limited(601995) mentioned that in the future, policy expectation may still be the key factor affecting the market, the strength of short-term stable growth may not be significant, and the short-term path of the market may still have twists and turns, but there is no need to be overly pessimistic. Since the end of September, the policy has gradually changed towards “stabilizing growth and ensuring people’s livelihood”, from now to the first quarter of next year may be an important observation window for policy development. After steady growth and acceleration, the index may also perform . In terms of configuration, the development direction of short-term stable growth may bring phased opportunities, and gradually pay attention to the expected improvement of manufacturing and consumption in the middle and lower reaches caused by the easing of upstream price pressure. In the medium term, the style of partial growth may still be an important direction.
In the macro aspect, Guosheng securities also said that at present, the macro situation is at the end of “quasi stagflation” and “credit and economy”. The next half year is an important window for steady growth. At the beginning of next year, with the support of financial front and steady growth, it is highly likely to see the credit conditions change from steady to wide. Since September, the inertia of economic downturn and the superposition of recent multiple factors have strengthened the expectation of recession. The reversal of pessimistic expectations ultimately depends on the confrontation between economic inertia and supporting policies. Although the actual situation has great complexity, with the confirmation of the credit inflection point and the fiscal force in the cross-year stage, after the disturbance factors ease, market pessimistic expectations are expected to reverse at the end of the year. Under the trend of currency and credit stability, the market value has entered the allocation range .
In terms of operation strategy, Everbright Securities Company Limited(601788) mentioned that at present, the overall pattern of the plate is good, the track stocks stabilize, and the underestimated plate is not weak . At the operational level, it is recommended to actively look for long opportunities by mainly holding shares in non alcohol food and beverage, small household appliances, innovative drugs and media sectors. Track stocks focus on industries with strong downstream demand such as lithium battery, military industry, new energy and semiconductor.
Haitong Securities Company Limited(600837) points out that has three ideas for the layout at the end of the year : 1) the idea of high prosperity and scarcity of transactions. The prosperity of the third quarterly report is high, which may continue to cross the year. The typical representatives are new energy and military industry. In addition, considering the fluctuations brought by the “settlement market” at the end of the year, the fields with marginal improvement in the prosperity of the industry and low proportion of public offering allocation include military industry, computer, media, agriculture, forestry, animal husbandry and fishery, etc; 2) Liquidity varieties under the downward profit environment. By the first half of next year, due to the decline of economic and corporate profits, industries driven by bias liquidity rather than performance may take the lead, mainly for event catalyzed theme investments, including metauniverse / VraR / autonomous driving / Xinchuang, secondary new shares and military industry. 3) The idea of policy expected repair. Typical examples are real estate and post real estate cycle, biomedicine, etc.
