Today, the three major A-share indexes closed higher, with the Shanghai Stock Exchange up 1.65%, the Prev up 1%, the gem index up 0.34% at the end of the day, and traditional white horses such as big finance, liquor and big consumption continued to rebound. Lithium electricity, chips and other high-prosperity track stocks continued to pull back, making the main board index outperform the gem index. Salt Lake shares rose sharply at the opening and then fell back, triggering up and down once respectively, and finally closed up by 306%, resuming the first day of listing to absorb 29.9 billion gold, which had a significant siphon effect, involving a sharp drop in lithium electric stocks. Electrolyte, positive and negative poles, salt lake lithium extraction, lithium ore fell all over the board. Military stocks staged a rising and stopping trend, and more than a dozen stocks, such as Xinyan shares and Xinjing just, rose by the daily limit or more than 10%. Liquor stocks continued to be active, Guizhou Moutai rose 6%, Huangtai Liquor Industry, willing Liquor Industry, and Shuijingfang rose by the daily limit. In addition, energy storage concept stocks continued a strong trend, brokerage stocks pulled up, Hongta Securities rose by the daily limit. On the plate, wine, aviation, food and beverages led the increase, while semiconductors, non-ferrous materials, building materials and other declines were in the forefront. As of the close, the Prev index rose 1.01% to close at 3529 points, the Shenzhen Composite Index rose 0.78% to close at 15057 points, and the gem index rose 0.34% to close at 3468 points.
For the future market trend, institutions have expressed their views.
Haitong Securities believes that the operational strategy, in the overall loose monetary policy environment, a rational view of the market style switch. It is recommended that the two styles of price and growth should be balanced. Based on performance flexibility and price momentum, take into account the current earnings forecast valuation, grasp the pace, and pay attention to some of the "old white horses" that have been adjusted back more and have attractive valuations, such as brokerages, rare earths, shipping, and so on. In addition, for the growth sector, we need to fully consider the industrial logic, the prosperity of the industry, as well as the texture and valuation of the company. Continue to pay attention to biomedicine, new energy, core technology and other sectors with high prosperity and growth, short-term pullback is also an opportunity to increase positions in the long term.
Zhongyuan Securities pointed out that the film and television sector was affected by the re-outbreak of the epidemic and summer films were lower than expected, and cinemas were under great pressure. According to a notice issued by the State Film Administration, cinemas in medium-and high-risk areas are temporarily closed and 75% attendance limit is imposed in low-risk areas. At present, the summer films "Changjin Lake" and "five teenagers who beat the Water" have all announced their withdrawal, further aggravating the pressure on the film industry. In the current summer period, the performance is lower than expected in July and will continue to bear the pressure of the epidemic in August. It is suggested that the epidemic should be taken as the primary consideration in the short term to observe the progress of epidemic control and the release of related policies on personnel mobility and the management of offline venues.
Galaxy Securities pointed out that exports continued to decline in the second half of the year due to demand, self-competitiveness and a high base. Exports grew by 3% in 2020 and are expected to grow by about 30% for the whole of 2021. However, the base figure rose in the second half of the year, and export growth is expected to be 14.8% in the third quarter and 7.2% in the fourth quarter. Imports are affected by domestic demand, but the weakening imports of copper and plastics mean that China's high production is a thing of the past. At the same time, commodity prices are high and imports have fallen sharply. In the second half of the year, China's demand growth slows down, production growth slows, and the duration of strong imports may be limited.
