On July 14, the Shanghai Composite Index surged higher and fell back to , dragging down the financial, real estate and other sectors, and fell slightly. The Shenzhen Component Index and the GEM Index made great efforts to move higher. The GEM Index once rose by more than 3%, and the Science and Technology Innovation 50 The index also performed strongly; the turnover of the two cities exceeded RMB 1 trillion again after two days, and northbound funds turned to net outflows in the afternoon.
As of the close, the Shanghai Composite Index fell slightly by 0.08% to 3281.74 points, the Shenzhen Component Index rose by 0.75% to 12602.78 points, and the GEM Index rose by 2.63% to 2819.13 points; the two cities' total transaction volume was 1,027.9 billion yuan, and northbound funds were net sold at 917 million yuan.
On the market, the concept of energy storage has risen sharply, and stocks have set off a daily limit trend; new energy vehicles, charging piles, lithium batteries, consumer electronics and other topics have all strengthened; military industry, medical care, automobiles, semiconductors, pharmaceuticals and other sectors have all risen. ; Electricity, real estate, banking, insurance, securities firms, construction and other sectors weakened.
Regarding the recent market trends, Guosheng Securities said that since the market bottom appeared at the end of April, the Shanghai Stock Exchange Index has ushered in a wave of large-scale rebounds. In just two months, it has rapidly exceeded the 6 integer marks of 2900~3400 points, and in After failing to attack the annual line, there was a short-term technical retracement, accompanied by shrinkage, which should be benign. The index has stepped back to near the half-year line, which is the upper edge of the early chip-intensive area and should have strong support. At the same time, affected by negative factors such as increased price fluctuations in global commodity prices and repeated domestic epidemics, main funds have insufficient long-term momentum, and the short-term market may be dominated by shock consolidation. The current semi-annual report market has begun, and many stocks with high performance growth have reached record highs. As the semi-annual report is about to enter the intensive disclosure period, sectors with high performance growth expectations may be the main theme of the market. Under the current weak market, It is expected that the strong will always be strong. In terms of operation, you need to be more patient, focus on buying low, and focus on grasping the rhythm of selling high and buying low for individual stocks. At the same time, pay attention to the switch between high and low market styles, cautiously chase the rise, and wait for the market consolidation to be completed. On the premise of controlling the position of and , you can invest in electronics, infrastructure, consumer goods and other sectors at low prices to seize structural opportunities, which may be a good choice under the current market conditions.
Industrial Securities pointed out that in June, as the market further recovered, northbound capital inflows accelerated significantly, new funds picked up, long positions in private equity stocks increased, the return of funds from the two financing centers accelerated, absolute returns capital positions recovered rapidly . Among various types of funds, northbound funds and absolute return funds represented by insurance have become the most important incremental funds in the market in the near future. Two-way financing and private equity funds have also gradually returned to the market. With the gradual recovery of public fund issuance, the pace of subsequent incremental public funds entering the market is also expected to accelerate. Therefore, under the "widening currency and widening credit" policy, the third quarter is still a long window. Moreover, micro-liquidity will also provide assistance. At the style level, the "wide currency, wide credit" combination is most beneficial to the technology growth style, and the consumption style also has excess returns. Structurally, focus on the "new semi-military" of the strong Hengqiang (photovoltaic modules/silicon wafers, new military materials/structural parts, wind power complete machines/upstream materials, semiconductor materials /equipment, 5G optical fiber cables )+ "Yajiajiu" (pharmaceuticals, home appliances, home furnishings, alcoholic beverages) that are recovering in the economy.
Original title: Comments: The GEM index rose strongly by 2.63%, the energy storage concept set off a daily limit trend, and the real estate and financial sectors weakened
Source: Securities Times website
