Looking back on Wednesday's A-share market, Shanghai and Shenzhen stock markets showed a shock adjustment pattern as a whole. After the Shanghai index opened low, it maintained a weak shock after the sharp decline at the beginning of the session, while the gem index plunged rapidly after the high opening. With the outbreak of new energy targets, the three major stock indexes ushered in a shock upward, and both turned red; In the afternoon, the stock index rose and fell again, with a weak trend throughout the day.
As mentioned by Huaxin securities, Shanghai and Shenzhen markets remained volatile all day on Wednesday. However, the turnover of the two cities has returned to above trillion, which is a good signal. However, compared with the previous trading days, the increased part is mainly in the decline stage, so the differences are still obvious. At the same time, after the time-sharing level of A-Shares is oversold, the rise and fall of A-Shares on Wednesday is more characterized by market weakness, and the short-term gem market may weaken.
From the technical point of view, Dongguan securities mentioned that the Shanghai index was weak and volatile, the profit-making effect was biased, the turnover of the two cities exceeded trillion, and the northward capital showed a net inflow trend. It is expected that the short-term market is expected to stabilize, and pay attention to the changes of plate rotation rhythm and volume energy. In terms of operation, it is recommended to pay attention to finance, food and beverage, medicine, electrical equipment, chemical industry, TMT and other industries.
In terms of the future market, Guosheng Securities said that in combination with the recent market tracking, on the one hand, the risk of the trading structure continued to weaken, and the heat of the agricultural sector increased rapidly. At the same time, the market's expected trading for consumption repair increased, and the trading structure further tended to be balanced. On the other hand, the trading sentiment in the market after the festival obviously weakened, and the sentiment of financing and foreign capital continued to cool, The number of strong stocks and new high stocks declined collectively and generally fell to the low point of the year. In the past week, the market action has warmed up, the rise and fall center has moved up slightly, and the ETF subscription enthusiasm has gradually warmed up. The space for further weakening of market sentiment in the future is expected to be relatively limited, and the bottom of the market sentiment stage may have appeared.
In addition, Founder Securities Co.Ltd(601901) pointed out that this year's A-share market is a trading market. Whether the structure is good or bad, as long as the stock price is high, it is "bad", and the stock price probability will be corrected. Whether the structure is good or bad, as long as the stock price is low, it is "good" or "boots", and the stock price probability will rise. This is the opening feature of this year. In terms of operation, light index, heavy individual stocks, bargain hunting, pay attention to the opportunities of finance, new materials, traditional energy, new energy, agriculture, forestry, animal husbandry and fishery, information technology, bottom stocks and over falling stocks, and avoid the make-up risk of high-level strong stocks and high-priced stocks of traditional luxury consumption.
However, Aijian Securities said that due to the repeated economic recovery and the uncertainty of US dollar monetary policy, the market mentality is cautious, the risk appetite is reduced, and the trading attribute of the market is also weakening. Therefore, we still need to wait patiently. Although the market is still active and trading opportunities still exist, there are also hidden risks. Therefore, at present, we should focus on safety and caution as the primary principle. Pay attention to the control of position and income expectation.
Shanxi Securities Co.Ltd(002500) also believes that the two cities have shown continuous contraction and consolidation recently, the market sentiment is relatively light, and the style main line is still unclear. The recent comprehensive weakness of macro data superimposes the strong expectation of China's foreign financial policy adjustment at the end of the year, and the market wait-and-see sentiment is strong. In the fourth quarter, the main policy line became clear, the superimposed consumption and infrastructure are expected to form a boost, the market activity may strengthen, and the undervalued sectors such as consumption still have better layout opportunities.
In terms of operational strategy, the agency further pointed out that the tone of the national policy of "ensuring supply and stabilizing price" has not changed. Recently, it has intensively issued production increase policies to fully ensure coal supply. The advent of the heating season in the fourth quarter has boosted coal demand. However, there are still nearly 100 million tons of nuclear added capacity to be released in major coal producing areas such as Inner Mongolia, and the tightening of supply is expected to be alleviated. The symposium released a clear signal of "price limit", The price of thermal coal may usher in strong intervention. In the short term, individual stocks in relevant sectors may continue to adjust, and the safety margin is low, so it must be handled with caution.
In addition, Guoyuan Securities Company Limited(000728) mentioned that the winning underestimated the value of blue chips. 1) Securities companies: the secondary growth driven by wealth management, and the sustainability of industry benefits exceeded expectations; 2) New energy: the direction of high prosperity is still scarce, especially the direction of BIPV and green power with high valuation and cost performance; 3) consumption is accelerating at the bottom, and recommend Baijiu, pig, auto parts and other cost-effective plates with supporting and negative expectations. 4) Bank real estate: the performance of the bank's third quarterly report is expected to exceed expectations, with high cost performance. In addition, the margin of real estate credit policy is loose, and the profit expectation of the sector will gradually improve.
