Sinolink Securities Co.Ltd(600109) released the strategy weekly report, 1) the pneumonia epidemic hit the global capital market, the market liquidity was urgent, resulting in the sale of most assets in the financial market, and the prices of gold, crude oil and equity assets generally fell. Pay close attention to the development of the epidemic in Europe and the United States; 2) The decision-making departments once again transmitted the signal of “supporting the economy rather than strongly stimulating the economy”, emphasizing “expanding effective demand”; 3) FTSE Russell raised the proportion of A-Shares from 15% to 25% as scheduled, which officially took effect after the closing on March 20. It is expected that the passive incremental capital brought by the third step will be about 28 billion yuan; 4) Investment suggestion: after A-Shares are impacted by short-term overseas risks, it will take time for their confidence to recover. Next, the operation of A-share market is more characterized by structural market. In the medium and long term, we still hold a positive and optimistic view on a shares; 5) Industry configuration: two main lines of deterministic configuration: new infrastructure industry chain (5g and 5g upstream and downstream industry chain, industrial Internet, medical equipment, power grid, military industry) + real estate.
(Securities Times)
