On May 18, Shanghai's early trading fluctuated narrowly, and once rose in the afternoon, breaking through 3100 points, but it fell back and turned green again near the end of the trading; Shenzhen Composite Index and gem index both rose and fell in the afternoon; The daily turnover of the two cities was about 770 billion yuan, the northward capital showed a net outflow trend, and the daily net sales exceeded 2 billion yuan.
As of the close, the Shanghai index fell 0.25% to 308598 points, the Shenzhen composite index fell 0.2% to 1120808 points, and the gem index fell 0.16% to 236538 points; The total turnover of the two cities was 770.3 billion yuan, and the net sale of funds from the North was 2.277 billion yuan.
On the disk, the textile, clothing and automobile sectors rose strongly, while education, military industry, software, home furnishing, electric power, retail and other sectors rose; Coal, wine, banking, medicine and other sectors weakened; Topics such as East counting and West computing, smart government affairs and electronic identity are active.
Guosheng Securities pointed out that the Bureau of Statistics recently released economic data for April. Under the background of stricter epidemic control, the data generally showed a downward trend in April. However, due to the continuous epidemic in China, the decline of social finance data is in line with the market logic. If the epidemic situation is repaired smoothly, with the recovery of economic expectations, the market risk appetite will gradually pick up. The worst stage of the short-term market has passed. We should actively grasp the current round of index repair market. In terms of operation, we will continue to focus on track stocks with oversold rebound demand in the short term, such as photovoltaic, new energy vehicles, military industry and other related sectors, but it will take time for the sector to reverse, and pay attention to the rhythm. Sustainable attention benefits from the real estate industry chain, banks and other related steady growth sectors with loose monetary policy and an upward trend. In the later stage, with the continuous recovery of the economy, it can fulfill the direction of fundamentals, such as manufacturing and consumption.
China International Capital Corporation Limited(601995) believes that at present, the policy, valuation, capital, behavior and other indicators of the A-share market all show some characteristics of the bottom. The market already has the value of the middle line. In the future, we will focus on the fundamental repair under the background of the gradual implementation of China's steady growth policy. There is still some uncertainty in the short term of the market. The lower than expected social finance this week may partly reflect the characteristics of weak current demand. The "steady growth" will continue to face challenges such as real estate, epidemic and overseas environment. We suggest to continue to wait patiently for more positive catalytic factors. Structurally, the undervalued "steady growth" field still has a certain allocation value; The recent growth style has a good performance, which may mainly benefit from the phased repair of valuation brought by factors such as the positive progress of epidemic prevention and control. The future performance may also need to be comprehensively judged by the changes of macro factors such as overseas growth, inflation and policies, as well as China's "stable expectation" measures
aftermarket strategy
Hexin investment consulting: the theme sector is active in turn, and the market is expected to break through the upward trend
Rongwei securities Liu Sishan: shrinking capacity restricts the rebound, and the market fluctuates in a narrow range throughout the day
