[stock market close] A-share size index continues to adjust against the trend and rose sharply in the non-ferrous metals sector.

The size index continued to pull back today, with the Prev index falling 0.24% and the gem index down 1.18%. Individual stocks in the two cities are more red than green, with a turnover of about 1.2 trillion yuan, breaking through trillion yuan for the 13th trading day in a row. The recent plate rotation market, except for the high prosperity plate, the persistence of other hot spots is relatively poor. The lithium battery plate continued to rise, with outstanding performance in lithium battery equipment, electrolytes, cathode materials, salt lake lithium extraction and other branches, such as Xianhui Technology, Jinyinhe, Polyfluorodo, Skyline shares, Jiangsu Cathay Pacific, and Mount Qomolangma in Tibet. Hangke Science and Technology, Aotewei, etc., rose by more than 10%. Non-ferrous metal plate rose against the trend, rare earth permanent magnet and cobalt, molybdenum, tungsten and other small metals all-day strong, Galaxy magnet, Zhongke Sanhuan, Tianqi shares, Pengxin resources, gold and molybdenum shares. In addition, the military industry, which was the strongest yesterday, was adjusted today, and the medical and medical units and novel coronavirus vaccines have plummeted across the board. On the disk, the concepts of cobalt, rare earth permanent magnets and small metals led the increase, while CRO, medical devices, novel coronavirus testing and other declines were in the forefront. As of the close, the Prev index fell 0.24% to close at 3458 points; the Shenzhen Composite Index fell 0.3% to close at 14827 points; and the gem index fell 1.18% to close at 3490 points.

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

Guotai Junan strategy team pointed out that looking to the future, science and technology is still the best choice, but we need to pay attention to the concentration of chip structure. At present, the economy is still facing some downward pressure, and the combination of broad currency and stable credit is expected to be maintained in the second half of the year. Under this background, scientific and technological growth is still the most promising main line. Style level: after the performance of the blue chip market represented by consumption, the one with high growth is still the best solution. Industry allocation level: "profits win or lose, not valuation ratio", the business cycle of science and technology manufacturing + top-down-oriented catalysis, is still the primary recommended direction. High volatility in stock prices is inevitable, but it is by no means the end. The industry recommends that the industry cycle in science and technology is up: semiconductors / new energy vehicles / lithium devices / photovoltaic / 5G communications / military industry. In addition, there are cyclical growth varieties with excellent performance-to-price ratio of profit valuation, selection of building materials / tires / steel with stable supply and demand in the medium term, and no room to pull up the potential securities firms.

Haitong Securities said that operationally, the market has been weak after several consecutive days of uptick, indicating that there is greater pressure on the Prev from around 3490, and the possibility that the short-term index will shrink and bottom again cannot be ruled out. At this time of operation, do not be blind, keep an eye on the high prosperity growth track, but also take into account the undervalued defensive plate, the structured market and capital seesaw effect will continue. In the medium term, we are still optimistic about the upward trend of market shocks, and it is suggested that investors can distribute technology growth companies at bargain prices, and balance the allocation of undervalued defense sectors such as agriculture, brokerage, and military industry.

Soochow Securities believes that the gem hesitated in the face of new highs and failed to break through in one fell swoop, while the Shanghai Composite Index and the CSI 300 Index are still in a weak shock, and the market may enter shock again after a short-term rebound. Need to pay attention to the switching of hot spots in the market, if there is a phenomenon of hot spot switching too fast to make money, we should pay attention to the market risk.