Key investment points:
A-share market overview
On Friday (May 20), the A-share market opened higher and rose in shock. The reduction of LPR interest rate in May boosted the stock indexes of the two cities to jump higher in the morning, and the Asia Pacific market rose synchronously. The wine making, securities, banking and some cyclical industries rose in turn, driving the stock index to rise steadily. The Shanghai index broke through the integer mark of 3100 points in one fell swoop and closed close near 3150 points. The GEM market surged on Friday, and the performance of the component index was basically synchronized with that of the main board market.
Future research and investment suggestions
On Friday, the A-share market opened higher and went up in shock. The LPR quotation was released in May, which remained unchanged in one-year period and decreased by 15 basis points in five-year period. Boosted by the above positive factors, the stock indexes of the two cities jumped higher in the morning, the Asia Pacific market strengthened simultaneously, and the brewing, banking, securities and cyclical industries rose in turn. The Shanghai index broke through the integer mark of 3100 points in one fell swoop. The trading volume steadily enlarged in the afternoon, driving the Shanghai index to continue to rise. At present, the average p / E ratios of Shanghai Composite Index and gem index are 12.48 times and 36.82 times respectively, which are below the median level in recent three years; The trading volume of the two cities on Friday was 920.7 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, semiconductors, automobiles and some cyclical 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.
