Today, the volume of the A-share market rose sharply, with turnover exceeding 1.5 trillion yuan, Shanghai and Shenzhen 300 up 2.55%, Shanghai Stock Exchange 50 up 2.5%, Prev 1.97%, Shenzhen Composite Index 2.25%, and gem up 1.55%. The two markets showed a general upward trend throughout the day, with nearly 3600 stocks floating red, falling less than a thousand stocks, and low-level construction machinery, building materials, liquor stocks and so on. High recently led the rise of the chip, lithium mining stocks have a substantial differentiation. Affected by the decline in commodities, steel and coal opened lower, salt lake lithium extraction, energy storage continued to rise, the recently adjusted liquor, food and beverage plate rebounded sharply, Guizhou Moutai bottomed out rose more than 4%, Huangtai liquor industry, alcoholic liquor rose by the limit. Military industry, industrial Internet, securities, and automobiles are active all day. BYD sealed the board in the afternoon, with a turnover of more than 17 billion. On the disk, salt lake lithium extraction, liquor concept, aero-engine and other top increases, iron and steel, MCU chip, coal concept, such as the decline in the forefront. As of the close, the Prev index rose 1.97% to close at 3464 points, the Shenzhen Composite Index rose 2.25% to close at 14798 points, and the gem index rose 1.55% to close at 3493 points.
For the future market trend, institutions have expressed their views.
Anxin strategy team said that the overall market shows the characteristics of stock game, in the short term, fund issuance and redemption scale are basically the same, foreign capital is difficult to have large-scale inflows, follow-up IPO scale and other factors may lead to adverse conditions for incremental funds and greater upward resistance to the market. From a fundamental point of view, due to the resurgence of the epidemic at home and abroad, the domestic real estate cycle and other factors, economic downward pressure may become the main source of market concern in the future stage, consumption is expected to remain weak, real estate chain, export chain downward pressure is greater. From the perspective of market risk preference, we believe that the market's anxiety about industry policy and foreign capital outflow has been basically released, and the possibility of a further sharp decline is not high. It is recommended that investors wait for the market to stabilize, bargain-hunting photovoltaic, military, new energy vehicles, semiconductors, automobiles, 5G, CXO and other high-view long track key directions.
Haitong Securities believes that in operation, investors are advised to observe more and operate less. On the one hand, observe when the white horse plate such as banking, insurance and Mao index can shrink and stop falling, try not to trade on the left side as far as possible, and patiently wait for the long-term layout opportunity after in-depth adjustment. On the other hand, for the new energy industry chain with relatively favorable policies, the growth sectors such as 5G communications industry chain and chip semiconductors, as well as the non-ferrous metals, chemical and other sectors that have increased significantly in the previous period, investors are advised to control their positions and seize the possible structural rotation opportunities after waiting for the further release of high-level risks.
East Asia Qianhai strategy team said that the market ushered in a rebound window in the short term, but the medium-term trend has not changed. Last week, the index adjusted sharply in the first two trading days, with a continued net outflow of foreign capital and significant adjustments in sectors with high valuations in the previous period. After the vent of investor panic, the market ushered in a rebound window in the short term. In the medium term, under the background of overseas recovery trading coming to an end and the market entering the stock fund game, investors need to be cautious and patiently wait for the concentrated release of market risks in the third quarter. From the perspective of market style, the main tone of the policy remains the same as "stable currency + stable credit", and it is not appropriate to have too high expectations for the widening of liquidity. From the perspective of market heat, the market heat of some hot sectors in the early stage may be close to the historical extreme level, and investors should grasp the window of market rebound and adjust the position structure in time. Looking to the future, as the epidemic concerns gradually rise, overseas recovery transactions are coming to an end, and the disturbance to the domestic market is gradually emerging.
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