On May 19, the three major stock indexes opened low and went high, stopped falling and rebounded near the afternoon, and pulled up in the afternoon; The Shanghai index once again approached 3100 points, and the Shenzhen Composite Index and gem index strengthened; The turnover of the two cities has been enlarged, with a full day turnover of about 800 billion yuan and a net purchase of more than 5 billion yuan from the north.
As of the close, the Shanghai index rose 0.36% to 309696 points, the Shenzhen Composite Index rose 0.37% to 1125006 points, and the gem index rose 0.5% to 237713 points; The total turnover of the two cities was 806.7 billion yuan, and the net purchase of funds from the North was 5.125 billion yuan.
On the disk, real estate, construction and semiconductor sectors led the rise, while power, environmental protection, automobile, agriculture, building materials, insurance, tourism and other sectors rose; BIPV concept, wind power, photovoltaic, energy storage, ultra-high voltage and other new energy sectors have collectively risen; Wine, oil, retail, banking, brokerage and other sectors weakened.
For the recent market trend, Guosheng Securities pointed out that with the continuous introduction of China’s policies to stabilize growth and protect the economy, the superposition effect of the policies will gradually appear. At present, the market is still in the state of game of stock funds, the structural market of shock bottoming is expected to continue, and the upward attack of the short-term index is weak. In the future, it is not ruled out that there is a consolidation action to pull back to the vicinity of 3000 points. In terms of operation, if the volume of the stock index can continue to shrink to around 300 billion or there is a form of Zhongyin and needle K-line (single needle or multi needle bottom), we can consider increasing the position. Pay attention to the policy coverage of state-owned enterprise reform, specialization, special innovation and cold chain logistics.
Northeast Securities Co.Ltd(000686) said that the market deduces the self rescue, oversold and rebound market under the stock game. From experience, the sustainability and space of the follow-up market may not be large, and the structure may move repeatedly. In terms of style, the relative value of short-term growth is still in a reasonable range, but the allocation tends to be gradually balanced. At present, it is in the structural market of repeated moves, but the transaction volume can neither be continuously enlarged nor significantly shrunk, implying that the stock price index is also tangled; Therefore, it is inclined to wait for the timing of position increase, the shrinkage of market capacity and the appearance of needle K-line form (single needle or multi needle bottom). In terms of sector rotation, the main line of the market is mainly concentrated in several sectors: coal, chemical industry, etc. with low value and good performance, as well as the agricultural sector with food security, which is the main gathering direction of the benefiting sectors in the second half of the commodity bull market, namely energy and agriculture; Steady growth and policy correction are expected to repair infrastructure, real estate and consumer goods; Under the logic of resumption of production and rebound of track stocks, military industry, electronics, special drugs and tourist hotels around the epidemic.
