[stock market close] three major indexes fell lithium stocks hit high and fell back semiconductor chip differentiation

The size index fluctuated widely today, and the 3500-point gap in the Prev index closed nearly flat in the afternoon. Both the gem index and the Shenzhen Composite Index narrowed, leaving a long shadow. Stocks in the two cities fell more and rose less, and the turnover exceeded trillion yuan for the fourth trading day in a row. Banking, real estate and power sectors were strong throughout the day, chemical stocks were excellent, fluorine chemical and phosphating stocks rose sharply, medical and medical stocks fell sharply, and CRO, medical devices, generic drugs, traditional Chinese medicine, biological vaccines, pharmaceutical commerce and other sectors were not spared. Lithium shares fell back, semiconductor chips differentiated, secondary new stocks rose sharply in the afternoon, Lihe Xing, early index new shares of three Gorges Energy all pulled up the sealing board, St shares on the main board rose against the trend, and more than 20 stocks rose by the daily limit. On the market, fluorine chemical industry, planting industry and forestry, Hongmeng concept led the increase, while the concept of medical beauty, traditional Chinese medicine and medical devices fell in the forefront.

As of the close, the Prev index fell 0.11% to close at 3530 points; the Shenzhen Composite Index fell 0.35% to close at 14667 points; and the gem index fell 1.79% to close at 3291 points.

For the future market trend, institutions have expressed their views.

Citic Construction Investment Securities analysis, changes in market expectations and valuation dominated the pullback. Changes in economic fundamentals need to be tracked continuously to determine changes in corporate earnings. Looking forward to the future, the market will still maintain a state of interval volatility, the overall shock upward trend is still there, but there is little chance of breaking through the upward trend in the short term, and volatility will increase. Domestically, the economy is in a state of marginal decline in the second quarter, and there is no basis for systematic improvement. After the correction, the market will also come out of the April-June rebound. Investors buy new energy vehicles, semiconductors, photovoltaic, pharmaceuticals and other advantageous industries again at a bargain.

China Merchants Securities said that in July, the main broad-based index is still expected to show a narrow range of fluctuations, the market is dominated by structural opportunities. At present, due to the recovery of overseas production, the demand for China's industrial products has formed a positive support, coupled with domestic investment demand is still good, domestic industrial production still maintains a relatively high demeanor. Half-year reporting season is about to begin, on the whole, A-share profit growth remains high. There is no major adjustment in domestic monetary policy, liquidity is still neutral, after the US interest rate meeting, the dollar index fell into shock after a short-term rebound, waiting for further economic or inflation data, external liquidity still tends to be neutral. On the whole, investors will lay out and adjust their positions around the idea that the semi-annual report will exceed expectations and the three-quarter report will continue, and the boom in China's industrial products sector, which has benefited from the recovery of global industrial production, is expected to continue. In terms of style, since the beginning of this year, there is no lack of high growth, investment began to dig from small and medium-sized companies with a good level of management, sustained good performance of the target layout, may continue in the coming quarter.

Anxin Securities said that unless there is a significant revaluation of the inflation and interest rate environment, the medium-term growth style of A-shares will not change significantly, but will focus more on the certainty of high earnings growth next year. This adjustment is purely at the market level, with congested transactions in the consensus direction and a marginal cooling of risk appetite after the key date, and the level of this adjustment cannot be compared with the adjustment period caused by higher-than-expected interest rates on US debt caused by inflation concerns after the Spring Festival. therefore, it is defined as a "consolidation period". The A-share market as a whole is still a volatile city in the second half of the year, and the structure tolerates high valuation, but it is not a significant valuation expansion environment. Any consensus direction should not be overtaken by extreme deduction, and appropriate structural adjustment can be considered to wait for its pullback. Therefore, maintain the medium-term strategy outlook title judgment: "Bull heart and bear courage, grow into king". In the short term, it is recommended to wait for the end of the market consolidation period and the cooling of crowded transactions in hot sectors, and pay attention to the new boom and theme direction that is under way. At present, before new boom growth plates are found, after the consolidation period, the medium-term direction of the market will still focus on the core growth tracks such as new energy, semiconductors, medical care, and so on.

Societe Generale Securities predicts that there is no systemic risk in the market as a whole in July, looking for novelty in mediocrity, and structural opportunities are still brilliant, especially around the discovery of science and technology giants with better-than-expected performance and lack of market attention. 1) Macro-insipid, the market has no danger, short-term shock is based on the long logic gold panning section to create a good opportunity. The volatility caused by overseas policy expectations and the disturbance in the process of resolving some stock risks in China are not systemic risks. 2) configuration level: growth is still the core thread recommended, but pay more attention to performance-to-price ratio, pay more attention to the direction and stocks with better odds, especially the "small but beautiful" science and technology giant with low market attention. In addition, the gold rush reported higher-than-expected blue chip stocks, such as automotive, chemical, machinery, transportation, non-ferrous and other industries with alpha attributes of high-quality core assets.

The stock price has risen by more than 33% in three days! Under the outbreak of Lithium extraction in Salt Lake, Jiuwo Hi-Tech said that the business accounted for a relatively small proportion of revenue.

[SMM Analysis] Shanghai and tin set a new high and pay attention to the performance of the pressure level in the downstream spot market.

[hot stocks] Lithium stocks are active for two days in a row. Ningde era intraday rose more than 4%. Tibet Mining Industry and other 8 shares rose by the daily limit of 8 shares.