Reporter Zhang Ying
On Tuesday (September 20), the three major indexes of A shares fluctuated and rebounded, the volume continued to shrink, and the transaction volume hit a new 17-month low. Under the game of stock funds, can the rebound in A-share market continue? What other investment opportunities are there?
htmlOn September 20, the three major A-share indexes fluctuated and rebounded, closing higher collectively. As of the close, the Shanghai Composite Index rose 0.22% to 3122.41 points, the Shenzhen Component Index rose 0.69% to 11283.92 points, and the ChiNext Index rose 0.7% to 2366.9 points; the total transaction amount of the two markets was 651 billion yuan, a 17-month low, and northbound funds were net selling 523 million yuan. Overall, the A-share stocks rise more and fall less. From the perspective of Shenwan first-level industries, 24 industries achieved increases today, among which non-ferrous metals industry ranked first to increase by 3.23%, followed by the increase in industries such as power equipment, textile and clothing, and commerce and retail. In addition, real estate, banks, agriculture, forestry, animal husbandry and fishery industries have the highest declines, all exceeding 0.5%
daily limit, on September 20, 68 individual stocks hit the daily limit, of which 8 stocks hit the daily limit, and the stock prices have risen for more than 3 consecutive trading days. From an industry perspective, the automobile industry has the most daily limit stocks, with 11 stocks, followed by 9 stocks in the machinery and equipment industry.
Table: Today's daily limit and has risen for more than 3 consecutive trading days:
Tabulation: Zhang Ying
Regarding the recent market performance, Xia Fengguang, manager of Rongzhi Investment Fund of Paipai.com, said that the current market trend is weak and the market is insufficient, but the market will not return to the bottom of the low point at the beginning of the year. The market is strongly supported by several factors. First, the monetary and fiscal policies have been taking turns since this year. Judging from the economic data in August, social retail and investment have exceeded expectations, and the economy has shown signs of stabilization. Second, more abundant liquidity support. Third, from a structural perspective, the valuation of value stocks is in an extremely undervalued state, and the valuation of growth stocks such as new energy has also fallen rapidly, and the valuation attractiveness has increased. There is a high possibility of domestic economic recovery in the fourth quarter, coupled with overseas policy shifts, a wave of strong upward trends have emerged.
General Manager of Furong Fund Research Department Lang Chengcheng believes that the current market may be in the middle and late stages of this round of adjustments, and some indexes such as Shanghai Stock Exchange 50 and ChiNext Index are all at a new low in April or close to a new low. In August, the growth rate of social retail consumption and the growth rate of commercial housing sales area also rebounded to a certain extent, and the "policy toolbox" is still sufficient under the strategic determination in the early stage. With the momentum of short-term market decline, the value sector is relatively dominant, and the adjustment of the growth sector has also entered the mid- and late stages. The short-term "light index and heavy individual stocks" have entered a new round of layout period. Based on long-term and short-term considerations, relatively balanced configuration is recommended. The industry focuses on: 1. Growth tracks such as military industry, semiconductors, photovoltaics and other sectors. 2. Auto parts and pharmaceutical and consumer sectors under the expectation of economic recovery.
For the future market, Yuan Huaming, general manager of Huahui Chuangfu Investment, analyzed that after continuous adjustments, the valuation of A-shares has approached the bottom, and the low valuation is the cautious market sentiment brought about by uncertainty. However, due to the recent introduction of more and more powerful policies for stabilizing growth, market liquidity is relatively loose, and the pressure on the market to continue to decline is not great. In the short term, the market is more likely to maintain range fluctuations and sector rotation performance. As relevant risk factors are gradually eliminated, the performance of the A-share market before the New Year is still worth looking forward to.
Xinhualian 5 consecutive boards soared by more than 60%
htmlOn September 20, the popular stock Xinhualian once again hit the daily limit. As of the closing, it was 3.99 yuan, achieving 5 consecutive boards, with a cumulative increase of 60.89%. html On September 20, Dragon and Tiger List data showed that the total purchase was 105.0362 million yuan, accounting for 10.37% of the total transaction volume, and the total sales were 91.1186 million yuan, accounting for 9.00% of the total transaction volume, and the net purchase was 13.9176 million yuan, accounting for 7.10% of the total transaction volume. public information shows that the company is a listed company that integrates the development and operation of cultural and tourism scenic spots, real estate project development and construction, construction general contracting, , commercial management, hotel management, property services, tourism services and other businesses, and has the ability to comprehensively develop multiple formats.In 2021, the company will continue to improve the operational efficiency and profitability of cultural and tourism projects that have been put into operation, and accelerate the sales speed of real estate projects and the disposal of bulk properties.
11 auto stocks collectively hit the daily limit
html On September 20, the automobile industry ranked the top in terms of growth, reaching 1.8%. Among them, 11 auto stocks including Zhejiang Shibao , Guangdong Hongtu , Hunan Tianyan , Weichai Heavy Machinery , Aikedi , Zhengyu Industry, Shanghai Yanpu, Rongtai Co., Ltd., Guizhou Tire , Jinfei Kaida, Ruihu Mold and other 11 auto stocks collectively hit the daily limit. For investment opportunities in the automotive industry, Great Wall Securities analyzes that the epidemic disturbance only delays the pace of the development of the auto market, but will not change the development direction of the auto market. Under the influence of the epidemic, the passenger car sector in 2022Q2 is under short-term pressure. Coupled with positive factors such as the halving of vehicle purchase tax, the peak season of automobile consumption in the Golden September and October, and the decline in raw material prices, the performance of the passenger car industry chain is expected to rebound in the future. In terms of investment advice, passenger car complete vehicle recommendations: BYD , GAC Group ; passenger car parts sector recommendations: Yinlun Co., Ltd. , Juyi Technology, Sichuan Huan Technology, Songyuan Co., Ltd., Lan Dai Technology.
picture | Site Cool Heluo Baotu.com
review | Zhao Ziqiang
editing | Sun Qian
final review | Zhang Xin
