On April 29, the stock indexes of the two cities fluctuated in a narrow range in the morning and rose strongly in the afternoon. The Shanghai index rose 2.4% to return above 3000 points, the Shenzhen Composite Index rose more than 3.5% to recover 11000 points, and the gem index rose more than 4% to recover 2300 points. The turnover of the two cities was significantly enlarged, with a daily turnover of more than 960 billion yuan; The net purchase of northbound funds exceeded 4 billion yuan.
As of the close, the Shanghai index rose 2.41% to 304706 points, the Shenzhen Composite Index rose 3.69% to 1102144 points, and the gem index rose 4.11% to 231914 points; The total turnover of the two cities was 965 billion yuan, and the net purchase of funds from the North was 4.246 billion yuan.
On the disk, the sectors of the two cities were red across the board, with education, home furnishings, automobiles, software, household appliances, retail and other sectors leading the rise, while the sectors of medicine, nonferrous metals, securities companies, petroleum, chemical industry and lithium mine all rose; Yuan universe, online games, hepatitis concept and other themes showed brilliant performance.
Bohai Securities pointed out that after the extreme venting of market panic, the repair of market sentiment will gradually start. Whether we can realize the catalysis from rebound to reversal in the future depends on whether the economic expectation can be really boosted and whether the performance of listed companies can bring more solid support to the market. In terms of industry configuration, considering that the market is fully expected to raise interest rates by the Federal Reserve at this stage, the market pessimism is expected to be repaired to a certain extent after the Federal Reserve’s interest rate hike boots are landed in early May, and the partial relief of the pressure on the valuation side of the growth sector is expected to bring some rebound opportunities, which can be paid attention to after the festival.
Caitong Securities Co.Ltd(601108) said that looking forward to the next 1-2 quarters, the market is getting better and better, cherish the “cheap time” in the current bottom area, and A-Shares are expected to meet the counter offensive moment of “Normandy landing” and “infinite scenery in dangerous peaks”. Gradually welcome the “big consumption” buying point. At present, it has entered the comfort zone of cost performance, odds and winning rate. Three levels of large-scale consumption can be concerned: ① post real estate cycle (home furnishings, household appliances and consumer building materials), ② service consumption (social services, airports, consumer medical care and media advertising), and ③ traditional consumer goods (mass consumer goods, Baijiu, pigs, etc.). For “big finance” (banks and real estate): the short-term rise is too fast and too urgent, the stock game, the impact of events and twists and turns. However, the steady growth policy will be strengthened, and the “big finance” market is still expected to take advantage of the high-quality target of adjusting the layout fundamentals.
