[this week’s strategy]
Last week’s trend review
Last week, the market fluctuated and rose, the trading in the two cities was active, and the northward funds flowed in sharply. At the beginning of the week, the market maintained the shock consolidation trend. Then, in the middle of the week, the Shanghai index rose strongly, rushed up to 3600 points and achieved two consecutive positive results. Last Thursday, the net inflow of northward funds exceeded 20 billion yuan. However, the index adjusted slightly last Friday, but the net inflow of northward funds was still strong. From the weekly K-line, the Shanghai Composite Index rose 1.63%, the Shenzhen Component Index rose 1.47%, and the performance of the gem was slightly weak, down 0.34%. Individual stocks rose more or fell less, with leisure services, food and beverage, household appliances, media and building materials among the top gainers; National defense and military industry, mining, electrical equipment, automobile and architectural decoration led the decline. Last week, there was a net inflow of 48.834 billion yuan from the north, including 30.067 billion yuan from the Shanghai stock market and 18.767 billion yuan from the Shenzhen stock market.
This week’s general trend study and judgment: continue to fluctuate upward, and the cross-year market can be expected
From the market this week:
First, China’s social finance growth rate rose slightly in November, the high year-on-year growth rate of PPI fell, and the trade data maintained resilient growth.
Secondly, the central economic work conference stressed that stability should take the lead, the policy force should be appropriately advanced, and the positive signal of fiscal liberalization should be released.
Thirdly, the central bank lowered the reserve requirement to release trillions of liquidity, targeted interest rate cuts to help the economic recovery, and the northward capital inflow exceeded 45 billion.
On the whole, the market fluctuated and rose last week, the trading of the two cities was active, the northward capital flowed sharply, and the individual stock plate rose more or fell less. From the market environment this week, China’s social finance growth rate rose slightly in November, the high year-on-year growth rate of PPI fell, and the trade data maintained a resilient growth. The economic data of November will be released this week. It is expected that the economic data of November will remain resilient as a whole. In addition, the central economic work conference stressed the importance of stability, the appropriate advance of policy force, and the release of a positive signal of broad finance. At the same time, the conference stressed the need to “fully implement the stock issuance registration system”, which is expected to lead to active market sentiment. In terms of capital, the central bank released trillion yuan of liquidity by reducing reserve requirements, and targeted interest rate cuts helped the economic recovery. The capital inflow to the North exceeded 45 billion, and the capital is abundant as a whole.
On the whole, the market fluctuated and rose last week, the trading of the two cities was active, the northward capital flowed sharply, and the individual stock sector rose more or fell less. The credit, import and export and inflation data in November were relatively positive. The central economic work conference stressed that stability should be at the forefront, the policy force should be appropriately advanced, and the positive signal of fiscal easing should be released. The central bank lowered the reserve requirement to release trillions of liquidity, targeted interest rate cuts to help the economic recovery, and more than 45 billion capital inflows to the north. It is expected that the market will continue to fluctuate upward, and the cross-year market can be expected. It is suggested to pay attention to plate rotation and volume energy change, and pay attention to industry opportunities such as finance, building materials, building decoration, food and beverage, electrical equipment and TMT.
Operation suggestions
It is recommended to pay attention to finance, household appliances, food and beverage, electrical equipment, TMT and other industries.
Risk tips:
Escalation of trade friction; Deterioration of overseas epidemic situation; Sudden change of external environment.
