[this week’s strategy]
Last week’s trend review
Last week, the stock index fluctuated and sorted out, and the performance of the gem was weak. At the beginning of the week, the market shock callback, the Shanghai index fell 3600 points, and the gem index showed sluggish performance. Then the Shanghai index fluctuated higher in the middle of the week, and the Shanghai index stood at 3600 points. However, the Shanghai index fluctuated weakly last Friday, and the gem index fell more than 2%. From the weekly K-line, the Shanghai Composite Index fell 0.39%, the Shenzhen Component Index fell 1.06%, and the gem index fell the most, down 4.00%. Individual stock sectors rose and fell, with agriculture, forestry, animal husbandry and fishery, food and beverage, building materials, commerce, retail and real estate among the top gainers; Power equipment, non-ferrous metals, iron and steel, basic chemical industry, environmental protection and other sectors led the decline. Last week, there was a net outflow of 1.221 billion yuan from the north, including 1.12 billion yuan from the Shanghai stock market and 2.341 billion yuan from the Shenzhen stock market.
This week’s general trend study and judgment: shock stabilizes, and the next year’s market can be expected
From the market this week:
First, China’s one-year LPR has been lowered and the signal of steady growth has been released. Secondly, the national Standing Committee took more measures to stabilize foreign trade, and the national development and Reform Commission actively introduced measures to stabilize the economy. Thirdly, the central bank conducted routine liquidity hedging, with a small net outflow of northward funds and a significant reduction in financing pressure.
On the whole, the stock index fluctuated and sorted, the performance of the gem was weak, the trading of the two cities remained active, and the individual stock plates rose and fell. From the market environment this week, China’s one-year LPR has been lowered and the signal of steady growth has been released. The national Standing Committee has taken more measures to stabilize foreign trade, and the national development and Reform Commission has actively introduced measures to stabilize the economy. In terms of overseas markets, the U.S. economy recovered smoothly, and Japan implemented stimulating fiscal policies to support economic recovery. In terms of capital, the central bank carried out routine liquidity hedging, with a small net outflow of capital in the north, and the capital is stable and loose as a whole.
Overall, last week’s shock consolidation of the index and the correction of the high boom track plate led to the obvious decline of the gem index. Individual stock sectors rose and fell, with obvious market style switching, led by agriculture, forestry, animal husbandry, fishery and food and beverage sectors. At present, China’s economy is facing the triple pressure of demand contraction, supply shock and weakening expectation. The signal of steady growth is constantly released. It is expected that the subsequent macro policies related to steady growth will be continuously implemented. It is expected that the market is expected to shake and stabilize, and the next year’s 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, food and beverage, building materials, electrical equipment and TMT.
Operation suggestions
It is suggested to pay attention to industry opportunities such as finance, food and beverage, building materials, electrical equipment and TMT.
Risk tips:
Escalation of trade friction; Deterioration of overseas epidemic situation; Sudden change of external environment.
