Key investment points:
A-share market overview
On Wednesday (May 18), the A-share market soared and was blocked, with a slight shock. After the stock index opened flat in the morning, it fluctuated slightly. Traditional industries such as banking, insurance, real estate, wine making and coal corrected in turn, and the stock indexes of the two cities fell slightly. In the afternoon, with the rise of emerging industries such as photovoltaic equipment, communication, computer and automobile, which led to the stabilization and recovery of the stock index, the Shanghai index continued to consolidate below 3100 throughout the day. The GEM market was slightly sorted out on Wednesday, and the performance of the component index throughout the day was basically synchronized with that of the main board market.
Future research and investment suggestions
On Wednesday, the A-share market soared and was blocked, with slight shock consolidation. In the morning, traditional industries such as wine making, banking, insurance, real estate and coal suffered a shock correction, and the Shanghai index fell under short-term pressure. In the afternoon, with the strength of industries such as automobile, new energy, computer and securities, the stock index stabilized and rebounded, and the Shanghai index continued to consolidate below 3100 points throughout the day. At present, the average p / E ratios of Shanghai Composite Index and gem index are 12.46 times and 36.53 times respectively, which are below the median level in recent three years; The trading volume of the two cities on Wednesday was 770.4 billion yuan, which was in the median area of daily average trading volume in recent three years. The overall trend of the number of new cases in China and Shanghai is expected to continue to decline, and all localities have accelerated the process of orderly resumption of production and work. The overall stock index is expected to continue to fluctuate upward in the future. At the same time, we still need to pay close attention to the changes of policy, capital and external factors. We suggest investors to focus on investment opportunities in automobile, new energy, semiconductor and computer industries in the short term, and continue to focus on investment opportunities in undervalued blue chips in the middle line.
Risk tip: policy risk, economic downturn.
