Looking back on Wednesday’s A-share market, Shanghai and Shenzhen stock markets showed a trend of collective shock and decline. The three major stock indexes opened low across the board, then fluctuated and sorted out in the green disk position. With the weakening of subject stocks, the index plunged further in the session; In the afternoon, it continued to hover low, the air force continued to release, and there was almost no resistance from many parties.
As mentioned in Soochow Securities Co.Ltd(601555) , at present, due to the lack of popularity after the unsuccessful upward attack, there was a collective selling action on Wednesday. In addition, due to the reduction of market incremental funds and the increase of the supply of new shares, recently listed new shares broke frequently, and the short-term wind direction has changed . In terms of operation, if the market turns, it is necessary to reduce positions in the near future, turn to wait-and-see and defensive strategies, and wait for the market to stabilize before selecting new hot spots for subsequent operation.
From a technical point of view, Dongguan securities mentioned that on Wednesday, the Shanghai Stock Index fluctuated weakly and went down near the 60 day moving average. Individual stock plates generally callback. Only a few plates such as power and electrical equipment closed red, the trend was slightly depressed, and the northward capital also flowed out slightly. It is expected that the short-term market is still repeated, and pay attention to the support of the 60 day moving average. In terms of operation, it is recommended to pay attention to finance, food and beverage, chemical industry, electrical equipment, TMT and other industries.
In terms of the future market, Huaxin Securities said that the north capital inflow of A-Shares slowed down, and the three indexes were adjusted as scheduled, on the whole, the trading strategy for the fourth quarter was defensive . Therefore, it is recommended to invest in undervalued blue chip consumption, banks, medicine and other varieties and gradually withdraw from growth. This is the main line of operation. At present, the rebound of growth stocks dominated by CSI 500 is more similar to backpumping, There are structural market opportunities, but it is difficult to form trend market opportunities.
Guosheng Securities pointed out that may enter the direction selection stage . Overall, the two cities’ indexes have been adjusted for two consecutive days, which has destroyed the recent rebound upward trend and re entered the chaotic state. In the future, it may still need to shake sideways, and the direction will not be selected until the moving average is entangled.
In terms of operational strategy, the agency said that the current index has returned to the horizontal trading shock stage. Due to the lack of market capacity, the high prosperity tracks such as wind energy, lithium battery and military industry are surrounded by funds, while the sectors lacking fund care continue to weaken. Therefore, should pay attention to eliminating the weak and retaining the strong, follow the direction of mainstream funds , and before the market capacity can be enlarged again, Dominated by low absorption and high growth plate.
Everbright Securities Company Limited(601788) believes that with the gradual display of the third quarterly report, the market will become clear . At the same time, the performance of Kweichow Moutai Co.Ltd(600519) over the weekend may also play a positive role in the consumer category. After the bottom stabilizes, it is expected to continue to rise. The new momentum of “green development” may be the main investment line of the market for a long time in the future. Continue to pay attention to the investment opportunities of the new energy industry from the perspective of the middle line; In addition, we can gradually pay attention to low-level consumer electronics and breeding.
Shanxi Securities Co.Ltd(002500) mentioned that the tone of policy regulation of coal prices is becoming more and more clear, and the coal mining sector may continue to fluctuate and adjust. It is suggested to avoid the subject matter of overestimation in relevant sectors. With the intensive disclosure of the recent three quarterly reports, the market style may change in the fourth quarter. The undervalued sectors such as consumer electronics, food and beverage, household appliances, medicine and biology may usher in a valuation repair period. At present, there are certain allocation opportunities, it is recommended to pay attention to the target with stable profits and better performance expectations in the relevant sectors.
Previously, Sinolink Securities Co.Ltd(600109) pointed out that focusing on the market layout at the end of the year, focusing on the main line return of the new energy sector, and focusing on the oversold rebound opportunities of medicine and consumption. In the market at the end of the year, securities companies may be the first to respond, and the main line of the market at the end of the year is still the new energy sector with long-term logic and no bad short-term performance. In addition, if the consumption and medicine in the third quarterly window are fully adjusted under the pressure of performance, there may be an oversold rebound opportunity at the end of the year. In addition, continue to focus on the segments in the midstream capital goods sector benefiting from China’s and overseas capital expenditure, such as intelligent manufacturing. At the same time, the subdivided industrial chain benefiting from new energy in the basic chemical industry also deserves attention.
