The three major indexes divided throughout the day, the Shanghai Composite Index fluctuated and rose slightly, and the gem index fell more than 2% at one time. On the market, the real estate sector rose and stopped again, and Hongmeng concept stocks rose sharply. Coal, metacosmos, agriculture and other plates are active in the plate. High-level stocks continue to ebb. On the whole, it fell more than rose less, and more than 2700 stocks in the two markets fell. Today's turnover on the Shanghai and Shenzhen stock markets is 870.4 billion, a decrease of 47.9 billion compared with the previous trading day. Plate, Hongmeng concept, NFT concept, real estate development, coal and other plates led the rise, Internet e-commerce, small household appliances, small metals, salt lake lithium and other plates led the decline. By the close, the Prev index was up 0.07%, the Shenzhen index was down 1.02%, and the gem index was down 1.66%. Northbound funds bought 5.03 billion net throughout the day, of which Shanghai stocks bought 2.866 billion and Shenzhen stocks bought 2.165 billion.
For the future market trend, institutions have expressed their views.
Soochow Securities pointed out that the market rebounded quickly after bottoming out near 3000 points, but the rebound rate significantly weakened last week, and the market does have the motivation to double-dip. This week, it is recommended to focus on the gap performance of 3177-3197 points. If it is unable to effectively support the market center of gravity, it may return to near 3100 points, otherwise it may remain above the gap to make a narrow shock. In operation, any rebound in the downtrend is not a good point to participate in. It is recommended to find the panic point in the market to copy the bottom more safely, and pay attention to the obviously anti-falling plates in the second bottom.
China International Capital Corporation pointed out that looking forward to the future, the short-term market may still be repeated. Combined with the recent market adjustment, the valuation has gradually approached the bottom level of December 2018 and March 2020. In the medium-term dimension, market opportunities outweigh risks. In the future, if you cooperate with the indicators of trading sentiment cooling, such as market transactions may further shrink to around 700 billion yuan, it may be more helpful to judge the emergence of the bottom of the market stage. At present, we focus on three directions: 1) areas with potential policy support, including infrastructure, industrial chains related to stable real estate demand, brokerage finance, etc.; 2) consumption in the middle and lower reaches with more adjustments, low valuation and clear medium-and long-term prospects in 2021, including household appliances, light industry and household appliances, automobiles and spare parts, agriculture, forestry, animal husbandry and fishing, medicine, etc. 3) the risks of manufacturing growth sectors, including new energy vehicles, new energy and technology hardware semiconductors, have been released, waiting for the marginal mitigation of overseas "inflation" risks.
Citic Construction Investment believes that looking forward to April, low valuation in style may be relatively dominant, while industry allocation can be mainly carried out in three directions: 1) Global inflation cannot be falsified in the short term, but varieties with a hard gap in supply are recommended. Recommend agriculture, forestry, animal husbandry and fishing with higher odds (planting chain, pig cycle accelerated capacity removal due to upward feed costs), pay attention to coal / aluminum; 2) there are still policy expectations related to stable growth in the short term: real estate leaders and city commercial banks; 3) there is still pressure on the denominator side of growth, preferably the photovoltaic industry and medicine (CXO/ in vitro testing / vaccine / traditional Chinese medicine) with high performance-to-price ratio and high molecular-side prosperity in April, focusing on semiconductor materials, IGBT, which are in tight balance between supply and demand and still have rising prices in the first quarter.
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