On Tuesday, the focus of A-share market rebounded in the shock, especially in the last half-hour trading, which continued to rise in large quantities, and there are signs of capital replenishment gradually. Disk shows that the direction of capital replenishment is mainly lithium plate, cro and other core track stocks.
It seems that the A-share market has gradually become the backbone, and the short-term trend is getting better and better.
gradually turning trend in equilibrium
Since the fourth quarter, a more significant market feature is that the core track stocks with overvalued and high share prices have fallen in turn. In recent trading days, the main line of comprehensive energy with green power as the core has been rotated. This is mainly due to some unexpected information on the fundamentals of the industry, which makes the already crowded core track stocks enter the adjustment sequence one after another.
Correspondingly, the value of the low price and low valuation of the stock market has been favored by stock funds, and has been rising again, such as Kweichow Moutai Co.Ltd(600519) (600519) represented by Baijiu and Jianmin Pharmaceutical Group Co.Ltd(600976) (600976) as the representative of the Chinese medicine stocks. In addition to the cost performance advantages, the common characteristics of these varieties are also relatively hard in fundamental logic. Therefore, they have become the focus of capital attention.
However, after repeated high and low switching in recent months, the market style tends to be balanced. At this time, looking at a shares, there are fewer and fewer varieties with relatively prominent cost performance advantages. In other words, at present, varieties with price comparison advantages of A-Shares are scarce and difficult to find. At this time, the stock funds either exit the wait-and-see, or return to the core track stocks again. Once more funds choose to withdraw from the wait-and-see, there will be a trend of contraction adjustment on Monday; Once there is a large proportion of funds turning to core track stocks, there will be a slight large-scale recovery on Tuesday.
high boom main line or becoming active
These two trends may occur repeatedly in the subsequent market interpretation. In other words, short-term fluctuations in the A-share market are still difficult to avoid, mainly because risk aversion still exists at the end of the year and the beginning of the year. Therefore, it is not ruled out that some funds still shrink the proportion of positions.
However, as far as mainstream funds are concerned, at the current time node, they may pay more attention to preparing more strategic chips for the coming year. On the one hand, in the eyes of these mainstream funds, the strong RMB exchange rate means that the incremental funds brought by the rapid growth of exports will continue to enter the liquidity system through foreign exchange settlement. In the past, the trend of A-share market showed that after each high export growth and continuous strong exchange rate, it will drive high liquidity, and then there will be a wave of upward market for equity assets.
On the other hand, high prosperity industries can still be expected in 2022. For example, the penetration rate of new energy vehicles or vehicle electrification continues to increase. Coupled with the development trend of global new energy vehicles, the relevant industrial links involved in the Shanxi Guoxin Energy Corporation Limited(600617) automobile industry chain are still expected to continue the high growth trend in 2021.
Therefore, under the background that the valuation coordinate is switched from 2021 to 2022, the industrial boom continues and the liquidity is more relaxed, these mainstream funds will strengthen the layout of high boom and core track stocks in order to obtain more strategic chips. Moreover, after early adjustment, the high valuation trend of such stocks has been corrected to a certain extent. Therefore, on Tuesday, core track stocks such as lithium industry stocks were the first to get the favor of replenishment funds from mainstream funds.
To sum up, there may be some fluctuations in the short-term, but the mainstream funds are gradually increasing their positions, the signs of high prosperity core track stocks have appeared, and the purchasing power of the short-term A-share market has been enhanced. Therefore, we should not be too cautious about the trend at the end of the year and the beginning of the year. In operation, it is recommended that market participants actively pay attention to the interpretation direction of medium and high-end manufacturing, high boom core track stocks and other varieties.
(surging News)
