Looking back on Monday’s A-share market, the Shanghai and Shenzhen stock markets opened higher, the stock index differentiation was obvious at the beginning of trading, the gem index fluctuated higher, while the Shanghai index maintained the red position and fluctuated repeatedly, and the consistency of the three major stock indexes strengthened near noon; In the afternoon, subject stocks rose sharply, heavyweights also maintained a good trend, and the stock index maintained a high shock pattern.
As mentioned in Soochow Securities Co.Ltd(601555) , after the A-share market rebounded slightly on Monday, the Shanghai Stock Index failed to touch the gap of falling short jump at the top for the time being, may subsequently become the focus of short-term long and short differences. It remains to be seen whether the market can stabilize effectively . In terms of operation, investors can choose medium and low positions to participate in the trading of market hot sectors. If the market stabilizes effectively, they can gradually increase their positions. On the contrary, if the market weakens, they need to continue to wait and see.
From a technical point of view, Dongguan securities mentioned that the index shock strengthened on Monday, the Shanghai index returned to the annual line, the three major indexes closed up, and the market trading recovered. Monetary policy is obviously in front of the force, coupled with the net capital inflow to the north, it is expected that the market is expected to stabilize and strengthen, and pay attention to the gains and losses of the annual line and the rotation of the sector . In terms of operation, it is recommended to pay attention to finance, food and beverage, household appliances, building materials, TMT and other industries.
In terms of the future market, Central China Securities Co.Ltd(601375) said that whether the stock index can continue to rebound in the future still depends on the OTC incremental funds and the sustainability of the leading hot spots . It is expected that the short-term stock index will continue to fluctuate slightly around the annual line. Investors are advised to pay close attention to the Internet, software development, communication and other technology industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Shenwan Hongyuan Group Co.Ltd(000166) believes that the probability of main tone is “shock stabilization”, and the space and probability of upward operation are greater than that of downward . At the operational level, it is suggested to pay attention to the low absorption opportunities of medium linear growth varieties on the basis of maintaining the position to rise. In terms of industry, the middle line can continue to pay attention to the industries of national defense, military industry, electronics and securities companies, and look for investment opportunities in the science and technology sector (electronics, communications and computers) in the short term.
In the macro aspect, Ping An Securities pointed out that the interest rate cut confirmed that the monetary policy turned to loose, and the range was higher than expected, which shows the determination and urgency of the policy to make steady growth. Different from the previous “jogging” rhythm of reducing interest rates by 5bp each time, the interest rates of MLF and Omo decreased by 10bp, slightly exceeding market expectations, confirming the shift of monetary policy to easing. The recovery of economic demand remains to be seen, and there is still room for further easing of China’s monetary policy. In terms of the impact of a shares, the short-term market contradiction has been alleviated, and the market risk appetite is expected to benefit and boost. at the current time point, the short-term growth style is relatively dominant. It is suggested to pay attention to the scientific and technological innovation Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) chain such as digital economy and intelligent manufacturing; In addition, the continuous fermentation of the epidemic will continue to support the prosperity of the pharmaceutical sector in the short term .
In terms of operational strategy, Everbright Securities Company Limited(601788) mentioned that high-level stocks Andon Health Co.Ltd(002432) continue to shrink, and pharmaceutical stocks may usher in differentiation in the short term, so you can avoid pharmaceutical stocks in the near future, and focus on emerging sectors, such as digital currency and Winter Olympics . At the same time, seize the opportunity of the Spring Festival and the peak consumption season of traditional festivals to properly layout the large consumption sector.
China International Capital Corporation Limited(601995) said that the steady growth style may continue, and the manufacturing growth is waiting for a turnaround. 1) Areas potentially supported by marginal change or development of policies, including industrial chains related to stable demand for infrastructure and real estate (construction, building materials, household appliances, home furnishings, real estate, etc.), potential consumption support areas, securities companies, etc. .
2) for the middle and lower reaches consumption that has been adjusted this year, the valuation is not high, and the medium and long-term prospects are still clear, choose stocks from the bottom up, including household appliances, light industry and household appliances, automobiles and parts, Internet and media, agriculture, forestry, animal husbandry and fishery, food and beverage, medicine, aviation and hotels, etc. .
3) the short-term share prices of the manufacturing growth sector with a large increase last year may be suppressed, including new energy vehicles, new energy and technology hardware semiconductors . The potential turnaround depends on the change of market style again. The potential time point may be at the end of the first quarter and the beginning of the second quarter. The above three directions may overlap slightly, of which the first direction is more phased and needs to pay more attention to the policy rhythm.
Huaan Securities Co.Ltd(600909) pointed out that four main lines grasp the restless market, and growth is still the medium-term optimal allocation main line of the restless market. Main line 1: short-term growth style and rising anxiety. According to the rhythm of the growth market, after this benign adjustment, growth will also usher in a round of main rising wave market driven by valuation, and liquidity will provide core support. After this benign adjustment, the optimal allocation opportunities will be more obvious, continue to pay attention to the “double carbon” direction of wind, solar hydrogen storage, green power and new energy in the medium term, The boom has reversed in the middle and upper reaches of semiconductors, national defense and military industry, and spread to computers .
Main line 2: steady growth under the reinforcement of counter cyclical policies, focusing on power operation, power station construction, transmission and distribution and upstream and downstream of infrastructure real estate, such as building materials, which is more cost-effective in the transitional market.
Main line 3, brokerage sector , as a wind vane of restless market in spring, rises with restless market; Main line 4. Consumption follows the rise, mainly along the price rise chain.
