[stock market close] the three major indexes fluctuate upstream lithium electricity, photovoltaic and wheel repair

Market differentiation, gem refers to a rise of nearly 4%, individual stocks fell more than up less, up more than 9% stocks more than 100, the market profit atmosphere is still active. On the plate, the capital flows back to the group main line, lithium electricity, photovoltaic, military industry, liquor wheel repair, goldfish, Ningde era and other gem rights rose significantly, in contrast, the low theme high standard Yibin Paper, Zhaoyan new drug late-day diving, Oppu Kangshi and other stock performance greatly increased to drive the medical device plate higher, in addition, iron and steel, rare earths, intelligent driving, medical beauty and other topics wheel pull up. On the disk, medical beauty, rare earths, steel and other plates led the rise, while NMN, duty-free shops, cloud games and other plates led the decline.

As of the close, the Prev index rose 0.47% to close at 3583 points, the Shenzhen Composite Index rose 1.46% to close at 15223 points, and the gem index rose 3.90% to close at 3204 points.

Soochow Securities analysis, the future should pay more attention to mining corporate profits to promote individual stock market, rather than rely on liquidity flooding to improve the valuation market. In addition, the recent southward capital repeatedly hit one-day highs, some Hong Kong Stock Connect ETF appeared significant premium, similarly, the continuous capital outflow has formed a certain siphon phenomenon of A shares, it is recommended to avoid following the trend speculation.

Tianfeng Securities mentioned that in terms of funds, northward capital and financing funds declined, public offering share continued to expand, A-share liquidity decreased slightly, southward funds strengthened, short-term A-share local overheating plate has a certain risk. Long-term market flows continue to improve, domestic growth continues to repair and a new round of stimulus in the United States, so remain optimistic in the long run. Bullish on consumption and technology, large financial sectors with high dividends and low valuations, and companies with long-term relatively stable cash flows continue to enjoy valuation premiums. In the industry, recently, we pay more attention to medicine, electric new, computer, military industry, chemical industry and so on.

Anxin Securities has concluded that the "institutional clubbing" of the current market is a phenomenon and result, not a means and purpose. From the medium-and long-term point of view, the trend of A-share racing and dragon head will continue. In the short term, the current A-share industry differentiation and individual stock differentiation has been at a high level, while some of the fundamentals of marginal improvement of the track leading companies began to show a new performance-to-price ratio. Therefore, it is expected that the future market will show the following characteristics: the leading effect is still a long-term trend, high-quality companies in a good track will still receive a valuation premium for a long time, and share prices will remain strong despite a short correction. The current market sentiment and configuration style make the variety face differentiation, and the market spreads to the plate with high performance-to-price ratio and short-term rebound power. Some previously weak sectors have been able to rebound and catch up, but without a key improvement in their industry logic, their valuations still cannot be permanently improved, and their upward flexibility will be greatly weakened after rising to a reasonable valuation level.

China International Capital Corporation judged that with the Shanghai Composite Index, Shanghai and Shenzhen 300 and other key indexes have recently reached new stage highs, the overall market valuation has risen to a historically medium-to-high level, and the price-to-earnings ratio of Shanghai and Shenzhen 300 has been close to 75 quantiles since 2006. however, the differentiation between industries is still obvious. while the valuation of military industry, food and beverage and other industries is higher than the historical range, the valuations of real estate, banking and upstream raw materials and other industries are still low. The number of A-shares that have risen since the beginning of the year is still only more than 1,000, and the structural characteristics of the market are more obvious. Judging from the trading activity of the market, trading volume shows that sentiment in the market is still relatively positive. the relatively abundant capital side at the beginning of the year, the continued northbound capital inflows and the large number of new fund issuance may mean that the time has not yet come for the market to turn to caution in an all-round way. However, taking into account the valuation of the market as a whole, the market has more full expectations for the follow-up economic recovery, while China's policy is gradually changing, and investors should prevent the increase of market volatility in the medium-term dimension. it is suggested that both A-shares and Hong Kong stocks should continue to pay attention to the structure. combined with the degree of industry prosperity and valuation and other factors to choose.