Outlook:
On Wednesday, the market fluctuated, Shanghai was strong and Shenzhen was weak, and the volume of the two cities could continue to remain above trillion yuan. In the early trading, the stock index fluctuated sideways after it opened flat, and rose driven by insurance, energy and other sectors. After that, it continued to maintain a wide range of shocks. However, the gem was dragged down by the semiconductor and electronic sectors. In the late trading, the stock index rose strongly, led by the raw materials, utilities and auto parts sectors. The gem also recovered some of its decline until the closing, and the stock index rose slightly by 0.36%, The gem index fell slightly by 0.64%. Individual stocks fell less and rose more, led by mining, light industry manufacturing, public utilities, architectural decoration, non bank finance and other sectors, while the trend of electrical equipment, national defense and military industry, medicine and biology, non-ferrous metals, leisure services and other sectors was weak. In terms of market environment, Caixin China’s manufacturing PMI recorded 49.9 in November, down 0.7 percentage points from October. After August, it was again below the boom and bust line, reflecting the slowdown of manufacturing repair process, the recovery of supply but weak demand, the rebound of covid-19 epidemic and the rise of product prices, which inhibited demand. In November, the new order index fell from the expansion range to the contraction range. From the technical point of view, the market continued the shock consolidation pattern, the net outflow of funds from the North ended and almost all flowed into the Shanghai stock market, the individual stock sector generally rose, the market sentiment warmed up, and the market volume can continue to remain above trillion yuan. It is not pessimistic as a whole. It is expected that the market is expected to stabilize and rebound, and pay attention to the rotation rhythm and volume energy change of the sector. In terms of operation, it is recommended to pay attention to finance, food and beverage, household appliances, electrical equipment, TMT and other industries.
