China-Singapore Jingwei, June 30th: On the last trading day of June, the three major A-share indexes collectively closed in the red.
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As of the close, the Shanghai Stock Exchange Index rose 1.1%, the Shenzhen Component Index rose 1.57%, and the ChiNext Index rose 1.57%. In June, the Shanghai Composite Index rose by more than 6%, and the GEM Index rose by nearly 17%. In the first half of the year, they fell by 6.63% and 15.41% respectively. On the market, the tourism, liquor, food, lithium mining, semiconductor, photovoltaic, and CRO sectors led the gains, while the real estate, finance, and basic metal sectors did well.
During the session, CSI 300 index rose to 2%, Kweichow Moutai rose more than 3%, the market value returned to above 2.6 trillion, BYD rose more than 1%. Wind shows that the net inflow of main funds in the fund's heavy holdings exceeds 5 billion yuan, and Wuliangye has a net purchase of more than 1 billion yuan, ranking first.
Lithium battery stocks fluctuated and strengthened. China Mining Resources once rose by more than 8%, and the stock price hit a record high. Sinosteel Tianyuan hit the daily limit.
Apple concept stocks were generally active, Wingtech hit the daily limit again, Luxshare Precision , BOE A, Goertek , GigaDevice , Hengdian Dongmei all rose. Previous media reports stated that Apple’s first batch of iPhone 14 series stocks is about 90 million units, and iPhone 16 specifications are already being discussed.
In late trading, popular sectors such as photovoltaics and automobiles expanded their declines. The number of stocks that were bombarded on the market gradually increased, and the concept stock of infants and children moved abnormally.
Changan Automobile , Dongfeng Motor , Haima Automobile , King Long Automobile , Great Wall Motors , Guangzhou Automobile Group were among the top decliners. Judging from the first half of the year, the automobile sector has increased by 10%.
HJT battery dived at the end of the day, Almaden, Jingshan Light Machinery fell to the limit one after another, and Baoxin Technology exploded.
The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the sixth consecutive trading day.
Looking forward to the third quarter, Kaiyuan Securities mentioned that A shares still have further momentum and room for growth. Mainly based on the following viewpoints: (1) Liquid surplus tends to expand. (2) Domestic economic driving forces are expected to rebound marginally. (3) Corporate profits are expected to improve significantly in the second half of the year. (4) There is no overheated trading in the A-share market and the valuation is reasonable. (5) Overseas monetary tightening may have a relatively limited impact on the country. July allocation recommendation: We maintain the view of growth style or market mainline unchanged. It is recommended to increase allocation on dips in the direction of and the market , focusing on the growing new energy, semiconductor and military industries. There are strong fundamentals from macro to micro. support.
Galaxy Securities believes that since the rebound on April 27, small-cap stocks have rebounded better than large-cap stocks, growth stocks are better than value stocks, and the inflow of small funds is better than the inflow of (super) large (medium) single funds. This is related to the greater decline in small-cap stocks and growth stocks in the early stage. Capital inflows are mainly small amounts, mainly because market sentiment remains sensitive. At present, compared with large-cap stocks and value stocks, small-cap stocks and growth stocks have not yet achieved enough growth.
Galaxy Securities predicts that in the second half of the year, small-cap stocks and growth stocks will continue to be affected by market sentiment. After the fundamentals continue to recover, large-cap blue-chip stocks and value stocks may usher in better opportunities.
CITIC Securities research report mentioned that the A-share market will reappear in the second half of 2022. Since the beginning of this year, A-shares have been hit by sudden internal and external "black swan" events. The market has experienced a concentrated release of extreme pessimism and severely oversold . With the effective prevention and control of the domestic epidemic, policies have worked together to support the rapid recovery of the economy, external risk pressure has eased, and the A-share slow bull has returned. The
research report mentioned that the market during the year can be divided into three stages: emotional calming, valuation restoration, and valuation switching. The current market is in the second stage. The first stage is the emotional calming period in May. The market is driven by the rapid recovery of market risk appetite from the bottom, which is reflected in an oversold rebound, with the main line of resumption of work and production leading the rise. The second stage is the valuation recovery period from June to August. The market is driven by the concentrated effect of stabilizing growth policies. The policies work together to push up fundamental expectations and are quickly restored. The rhythm is driven by the differentiation of interim results and the lifting of the ban on Science and Technology Innovation Board . Affected by the peak, the structural growth of manufacturing, consumption, and medicine will be rotated and revalued.The third stage is the valuation switching period from September to the fourth quarter. With the rapid recovery of profits and the easing of external pressure, the market has entered a stable period. In the process of market valuation switching, the realization of stable growth performance and the realization of " specialized special new " gradually dominates. (Sino-Singapore Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, so please be cautious when entering the market.)
