Last week, the market was a typical week of medium fluctuations, but overall, it was still within the previous prediction range of 2860-3050 points, and there was no big surprise, so there is no need to be surprised or shocked. Keep maintaining the defensive strategy should be. In the short term, do not easily buy at the bottom of , and individual stocks will continue to differentiate. Therefore, the "fake red market" market will be staged this week. If you are not careful, you will be silently trapped.
Many investors are actually dissatisfied with this year's market. This year's A-share trend is "start and thin", so investors who hold small-cap stocks lose a lot, while institutions that hold big white horses make a lot of money. The reason why institutions such as
have made almost the same profit is that the current institutions adjust positions and exchange stocks based on the performance lock-up at the end of the year and the outlook for next year's market, causing loose chips. When the institutions start next year, they will only start a new wave of market conditions.
gets back to the point! The biggest news this weekend is that many white horses have issued announcements of share reduction.
Huiding Technology: Huifa International plans to reduce its holdings by no more than 5%.
WuXi AppTec: Shareholders plan to reduce their holdings by no more than 3% of their shares in total.
Vanke A: The cumulative shareholding of Jushenghua and its joint actors decreased by 5%.
Sifang Jingchuang : Many shareholders reduced their holdings by only 6%.
Jingce Electronics: Shareholders reduce their holdings by no more than 2.94%.
Plit: The actual controller and vice chairman have reduced their holdings by 6.27% of the shares in total.
Kexin Technology: Many shareholders plan to reduce their holdings by no more than 10.62%.
Annie shares : The major shareholder plans to reduce his holdings by no more than 1.97%.
major shareholders want to reduce their holdings and take the lead again, which has a very obvious impact on sentiment. Therefore, in the short term, these white horses may have another wave of rebounding market. In this regard, Noan Fund said that white horse stocks have risen significantly in the early stage and their average valuation is relatively high. Therefore, at the end of the year, there will be profit settlement. Some funds "snatch up" have affected market sentiment. Regarding the future market, Nuoan Fund believes that domestic economic development is resilient. Standing at the current point in time, a brief adjustment provides an excellent opportunity for layout next year, and we should adhere to the choice of value investment and high-performance targets.
China Life Security Fund believes that in an environment where liquidity is weakening, a stable strategy can be adopted in the near future and the first technology leading stocks with better industrial trends in the medium term. From the perspective of weakening liquidity, the market will be under pressure to pull back in the short term. First, the upward inflation has restricted the process of monetary easing to a certain extent; second, foreign capital will stabilize after a large inflow, and it is difficult to continue to amplify marginally; third, the economic pressure is large, and the increase has been large since this year, and there is pressure to realize the profits in stages.
Xinhua Fund stated that on the one hand, the valuations of leading consumer, pharmaceutical and technology in weak cycles have exceeded the previous historical stage and have continuously set new highs; on the other hand, the stock prices and valuations of traditional industry companies have repeatedly hit new lows. At the end of the year, the self-reinforcement effect of investment style will be more obvious, and secondly, factors such as fund issuance, buyer position adjustment, and assessment pressure will also be concentrated on their effectiveness. At the same time, it is also necessary to pay attention to the fact that such differentiation is a mapping of changes in economic fundamentals in the stock market. When the cyclical steady state is broken, the old economic targets that benefit from extensive development will be significantly damaged; and in the context of more friendly capital prices and liquidity conditions in the medium term and the yield on investable assets tends to decline, "selecting the best from the poor" is the rational choice for investors. Industry and targets with sustainable business models and growing market space will become sought after.
Jinghong Investment stated that the end of the year is a traditional period of tight funds and profit-taking emotional period, and the fluctuations brought by the trading level will be greater, and investors can also take this opportunity to buy back the positions they have lost in the early stage.
Everbright Securities believes that the current situation is still the bottom allocation period compared to next year, and it is recommended to hold positions patiently and wait. In terms of industry allocation, technology stocks can be further allocated after adjustments. The growth rate of fixed asset investment in the TMT industry continues to improve, and it is expected to benefit from the decline in future risk premiums; pay attention to the improvement of automobile prosperity, the decline in automobile sales in October narrowed, and the turning point of fundamental bottoming out and rebounding has been further confirmed and is expected to repair the valuation; among the cyclical products, it is recommended to pay attention to mid- and upstream industries such as nonferrous metals and building materials that benefit from the completion and improvement of real estate.
Haitong Securities believes that A-shares are still in a period of accumulation of momentum in layout, and market retracement is an opportunity for layout. Referring to history, the second wave of bull market rises and 3 waves, and the end of the turnover and return to the upward breakthrough requires fundamental and policy resonance. It is expected that the end of the year and the beginning of the year will be a window period. In addition, at the end of the year and the beginning of the year, real estate and banks often have abnormal movements due to low valuations, low previous gains, low institutional holdings and policy catalysis, but the technology and securities sectors are better in the medium term.
