Key investment points:
A-share market overview
On Thursday (May 19), the A-share market opened low and went high and fluctuated widely. The whole US stock market fell sharply overnight, which dragged down the sharp decline of the Asia Pacific market in the morning. After the stock indexes of the two cities jumped short and opened low in the morning, with the continuous strengthening of new energy, automobile, power supply equipment, real estate and other industries, the stock index rebounded steadily. In the afternoon, the Shanghai index recovered the gap of the day's jump, and more industries joined in the rise in the late afternoon, boosting the stock index to continue to rise. On Thursday, the growth enterprise market was first depressed and then raised, with a slight rise. 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 Thursday, the A-share market opened low and went high and fluctuated widely. All U.S. stocks fell sharply overnight, which dragged down the sharp decline of the Asia Pacific market in the morning. After the stock indexes of the two cities jumped low and opened low, with the continuous strengthening of new energy, automobile, electrical equipment, real estate and other industries, the stock index rebounded steadily. In the afternoon, the Shanghai index covered the gap of the day's jump, and more industries joined the rebound in the late trading, which boosted the stock index to continue to rise slightly. At present, the average p / E ratios of Shanghai Composite Index and gem index are 12.43 times and 36.56 times respectively, which are below the median level in recent three years; The trading volume of the two cities on Thursday was 806.7 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 that investors focus on investment opportunities in new energy, semiconductor, automobile and engineering construction 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.
