Guosen Securities Co.Ltd(002736) the two financial strategy group pointed out that the recent hot spots such as science and technology and military industry entered a narrow range on Wednesday due to the demand for short-term digestion, and the stock index also performed mediocrely in the morning. Subsequently, the cyclical industries such as finance, engineering building materials and nonferrous metals began to relay the market performance. After a short repair, with the strong rise of Hong Kong stocks in the afternoon, the main indexes of A-Shares finally closed at the intraday high. Among them, the Shanghai Composite Index and Shenzhen composite index closed up 0.93% and 0.69% respectively. All sectors except military industry, wine making and agriculture received red. The total turnover of the two cities exceeded 600 billion yuan, Market sentiment continued to improve.
With the gradual recovery of the market, there is a certain make-up demand in traditional cyclical industries, which plays a positive role in stabilizing the index. As discussed recently, with the change of economic development mode, the growth sector with stable and good performance or representing scientific and technological innovation is expected to continue to dominate the market. On the whole, after the continuous shock adjustment in the early stage, the short-term positive factors have gradually gained the upper hand, the market trend is strong, and the strategy is to maintain patience and hold to rise.
(Securities Times)
