[stock market close] the three major indexes collectively closed higher in the first half of the year. The gem index rose 17% in the first half of the year. Lithium battery stocks rose in the afternoon.

Today, the two cities ushered in the end of the first half of the year, the three major indexes all closed red, the Prev closed up 0.5%, the Shenzhen Composite Index rose 1.08%, the lithium battery plate rose in the afternoon, and the sharp rise in the Ningde era led the gem index to refresh the year's high of 3476 points, the highest since June 2015. Semiconductor chip industry chain soared throughout the day, intelligent driving, digital currency, photovoltaic, rare earth permanent magnet performance. In the first half of the year, the mass entrepreneurship and innovation index performed well, with the gem up 17 per cent, followed by the Kechuang 50 index up 14 per cent, the Prev up 3.4 per cent and the Shenzhen Composite Index 4.78 per cent.

For the second half of the market, institutions have expressed their views.

China International Capital Corporation believes that the overall performance of China's market in the second half of the year may be neutral, but the structure is relatively optimistic, and the style rotation of value outperforming growth may be coming to an end, and it is suggested that "light index, emphasis on structure, and partial growth."

Haitong Securities said that the peak of the bull market index is slightly ahead of the high point of the earnings index, and the inflationary pressure will gradually ease in the second half of the year. Excluding the impact of the base, corporate profits are still expanding, while the current profit recovery cycle has not been completed in time and space. At the same time, with reference to the volatility of historical stock indexes, the stock market still has room for further upward expansion this year.

Citic Securities predicts that the A-share market will enter the resonance upward period in the slow rise "trilogy", and there will be more space in the fourth quarter. With the resonant recovery of the global economy, the high point of inflation disturbance has passed. At the same time, A shares are also faced with positive factors such as intensive landing of domestic policies, stable macro liquidity, abundant market liquidity and so on.

Citic Construction Investment expects that the transformation and upgrading of China's economy will be completed in the second half of 2021, the market will be in a state of shock due to small marginal changes, and there will be no systematic opportunities in the A-share market in the second half of the year. The upward interest rates on US debt and the phased devaluation of the exchange rate will have a negative impact, and the market as a whole will continue to operate in the current state.