[stock market close] the three major A-share indexes diverged sharply and stocks related to lithium electricity and photovoltaic fell sharply.

Today, the two cities are greatly divided, the plate ushered in a high-and low-level switching, high-level and high-prosperity track stocks such as lithium electricity and photovoltaic fell sharply, blue-chip stocks such as low-level finance, real estate, home furnishings, and mechanical infrastructure soared, and culture, education, leisure, online games, food and beverages and other super-falling stocks ushered in a strong rebound. Stocks in the two cities rose and fell by half, but the trading volume was active, with a turnover of 1.7 trillion, setting another new high for the year, of which the turnover of the Shanghai Composite Index broke through the 800 billion yuan mark. It reached the highest level since July 24, 2015. The sharp fall in track stocks and the return of low old power made the main board index outperform the small and medium-sized index. Among the main indexes, the Shanghai Composite 50 rose 2.19%, the Shanghai and Shenzhen 300 rose 1.33%, the CSI 500 fell 0.86%, and the CSI 1000 fell 1.24%. On the market, securities, games and spirits are among the top gainers, while silicone, HIT batteries and scarce resources are among the top declines. As of the close, the Prev index rose 0.65% to close at 3567 points; the Shenzhen Composite Index fell 0.1% to close at 14314 points; and the gem index fell 0.85% to close at 3186 points.

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

Haitong Securities pointed out that judging from the evolution of the current market style, we remind investors that the high-level switch is under way, and most of the varieties with high and high valuations are in the process of differentiation and adjustment. at present, the main funds in the market, including northward funds that continue to set new highs, gradually shift their attention from small-cap high-tech growth to mid-market low-level blue-chip stocks such as non-ferrous, chemical, coal, steel, resources and other periodic stocks. Recently, the continuous active trading volume of more than one trillion yuan in the market and the continuous performance of the stock index as strong and weak in Shanghai and Shenzhen also well illustrate this point. The Prev index rebounded strongly after the second bottom of 3500 points yesterday, and it has been proved that the mid-term bottom is strong near the 3500 point and half-year line, and the key pressure zone near the upper 3550 point is an important technical barrier in the near future. Once there is an effective breakthrough, it is expected to start the "autumn offensive" and launch a new round of rising market. Investors are advised to maintain their positions reasonably and expect medium and large stocks with low and low valuations, such as brokerages and other large financial sectors, as well as non-ferrous coal and iron and steel, to lead the index to cross the border.

Soochow Securities Research News pointed out that in the short term, the market is currently in a period of weakening fundamentals and there is no empty window for further policy stimulation. we believe that the market will maintain neutral shocks until the policy is more clearly defined. In terms of configuration, we still prefer manufacturing. First, after the two impacts of the Sino-US trade friction in 2018 and the novel coronavirus epidemic in 2020, perhaps we realize that the integrity and completeness of the industrial system is very important. Second, with the accelerated aging of the population, the reduction of labor force and the increase of labor costs, the manufacturing industry needs to improve production efficiency, and the demand for automation is increasing.

Guotai Junan Research News pointed out that the satellite Internet industry chain is mainly divided into four links: satellite manufacturing, launch services, ground equipment and terminal manufacturing, operation and services. From the perspective of the industrial pattern, the threshold for rocket satellite launch is relatively high, the period of technology accumulation is long, the pattern is relatively concentrated, and the primary investment market is more active; there are many satellite manufacturing enterprises, companies that can have cost advantages and technical thresholds in some subdivided areas will fully enjoy the track dividend; ground equipment manufacturing and operation services are not highly standardized at present, but their growth is expected in the future. Therefore, we should pay attention to the investment opportunities of satellite manufacturing industry chain.