Today, the stock indexes of the two cities opened slightly lower, and then the Shanghai index continued to sort out the horizontal low, while after the opening of the gem, it fluctuated higher to close at noon; In the afternoon, the stock index fell slowly; Disk hot spots: strong performance in digital currency, IP realization, food safety, Hongmeng concept, tobacco concept, byte beat, intellectual property rights, tire pressure monitoring, advertising and packaging, media and entertainment, warehousing and logistics and other sectors; Overall: today’s market presents a differentiated market, and the gem is stronger than the main board.
For the overall judgment of the A-share market, we adhere to the basic principle of no drift in attitude and views, that is, it is not that when an index goes well, we turn to be bullish, and when an index goes bad, we turn to be bearish. Instead, we hope to sort out the underlying framework of the market for investors and gradually strengthen the hearts of investors with us, which is very important.
With the above attitude, Fan Bo of Xiangcai Securities believes that the underlying structure of A-Shares is the Qianfeng gem and the guard main board, which will be difficult to change for a long time in the future. It does not mean that the main board representing the Shanghai index does not have a phased market, but that in the medium term, the Qianfeng index will rise much higher than the guard index, which is a natural law, We just see the essence and keep going with the trend.
Because of this, we will not shake our attitude towards the gem because of the phased strength of the Shanghai index in history. On the contrary, we have never given up looking at the medium-term market of the gem. I believe investors who have read our views for a long time should be very familiar with our attitude. In yesterday’s blog post “the trend of the Shanghai index is amazing all day”, our view is still firm: the continuous rise of the Shanghai index is very useful for setting off market sentiment, but from the perspective of medium-term profit-making efficiency, we are still firmly optimistic about the gem. Even if there will be a comprehensive registration system for all sectors in the future, it is difficult to change the status of the gem, Because the genes between plates are different.
Looking at today’s disk performance, the Shanghai index has adjusted under the drag of the obvious decline of financial stocks, while the gem remains red. At present, the gem composite index (399102) has been positive for five consecutive years and is approaching the annual high again. The trading limit of nearly 100 shares in the two cities, nearly 30 stocks with more than 10% and 12 stocks with 20% trading limit, the profit-making effect is higher than yesterday, and the focus is more focused on the gem. Of course, we will continue to be long.
To sum up: we are not surprised that the Shanghai index fell today under the drag of the adjustment of financial stocks. The strong red market on the gem and the increase of 20% trading stocks are the best proof. If the stock index can fly, the gem will only fly higher, which is genetically determined.
(Xiangcai securities)
