Financial News on October 18th. The three major indexes of A shares opened high on Tuesday. The market fell slightly in the morning and then rebounded and fell into a sideways trend. The index rose before afternoon, and the ChiNext Index led the rise; the A-shares further rose in the afternoon, and the Shanghai Composite Index was only one step away from 3100 points, and the ChiNext Index rose more than 1%. However, the market immediately started a volatile and declined market. The Shanghai Composite Index turned green and closed down.
As of the close, the Shanghai Composite Index fell 0.13% to 3080.96 points, the Shenzhen Component Index rose 0.23% to 11187.7 points, the ChiNext Index rose 0.49% to 2446.93 points, and the Science and Technology Innovation 50 Index fell 0.33% to 960 points. The total transaction volume of in the Shanghai and Shenzhen stock markets was 3793.802 billion yuan, and the actual net sales of northbound funds was 3.757 billion yuan. 77 stocks in the two markets hit the daily limit (including ST stock ), and 4 stocks hit the daily limit . In terms of the industry sector, Chinese medicine, power equipment, chemical pharmaceuticals, biological products, batteries, etc., gains , while insurance, semiconductors, household light industry, mining industry, fertilizer industry, etc. have fallen at the forefront; in terms of subject matter, unified market, 5G, sodium ion battery , energy storage, biological vaccines, CRO and other concepts are active.
Chinese medicine sector has abnormal movement during the trading session, Huasen Pharmaceutical , Cube Pharmaceutical , China Resources Sanjiu, Weikang Pharmaceutical, Panlong Pharmaceutical, Essence Pharmaceutical , Zixin Pharmaceutical , Jingxin Pharmaceutical , etc. hit the daily limit;
chemical pharmaceutical sectors made efforts in the afternoon, Weixinkang, Anlikang, Xinlitai , Watt Dain and other daily limit;
5G concept continues to heat up, Jinbaize , Kelike, Changfei fiber, Sega Technology, Guomai Technology, and other companies hit the daily limit;
energy storage concept rises, Shenling Environment, Superstar Technology , Kelik, Kosda , Tongli Risheng, Desai Battery and other people hit the daily limit;
sodium ion battery concept rises again, Chuanyi Technology hit the daily limit, Shengyang Co., Ltd., Tongxing Environmental Protection, Weike Technology, etc. rise by more than 5%;
medical industry is still active, microelectrophysiology, Hongda Hi-Tech, Hefu China, Yichang Technology, Jiashitang and other people hit the daily limit, Kangtuo Medical , Antu Biological , David Medical, etc. followed up;
InfoChuang and Digital Economy concepts differentiated, Infeito, Hengjiu Technology, Zhenshitong, Nantian Information, etc. hit the daily limit, Qixin Group, Baolande , Geer software and others all fell back;
logistics industry attracted attention, Oriental Jiasheng and Tianshun shares hit the daily limit, Xinning Logistics , Feili and other stocks rose to varying degrees; in terms of
stocks, , signed an ionic liquid CO2 capture technology development contract with Dalian University of Technology , and Huaguanghuan can hit the daily limit;
plans to invest 500 million yuan to establish a wholly-owned subsidiary, Pulutong hit the daily limit;
net profit in the first three quarters is expected to increase by 143.84%-167.44%, Chuanzhi Education hit the daily limit;
net profit in the first three quarters is expected to increase by 110%-150%, and Deyi Cultural and Creative hit the daily limit.
[Institutional Strategy]
Shanxi Securities : The overall valuation of A-shares has entered a significantly undervalued range, and the previous decline is obviously irrational. At present, this round of adjustment is likely to end. The domestic economy may begin to show signs of stabilization and recovery in the fourth quarter, and drive the recovery of market expectations. From a one-year perspective, liquidity and corporate profits are expected to gradually improve. After the concentrated vent of pessimistic expectations in Q3, with the signs of recovery of domestic economic fundamentals in the fourth quarter, the layout window of A-shares is opening. The track that is expected to continue the high prosperity logic in structural transformation (new energy, military industry, information technology, etc.) + fundamentals industries with greater elasticity repair (chicken, pig, shipbuilding and some medicines, etc.) are expected to continue to achieve better performance.
CICC Securities : Recently, A-shares have shown a reversal of emotional reversal due to full adjustment and gradual accumulation of positive factors, which has led to this wave of rebound in the index. With the digestion of market adjustments, the impact of overseas negative factors is weakening, and the marginal improvement of various domestic factors will become an important support for the market. In addition, the overall valuation is low, so it is highly likely that the market will build the bottom pattern of in the range of around 3,000 points. Although there are still some uncertain factors in the short term that may cause market fluctuations, the market is currently in a period of emotional recovery, and the emotional recovery has not yet ended. Using the oscillation to gradually lay down on lows is the main strategy.During this period, oversold and low valuations are more likely to be favored by funds. In addition, for this week's market, funds will dig deeper around the relevant topics involved in the report, and the pulse market of related topics may become the norm this week. From a medium- and long-term perspective, we still need to continue to pay attention to the industry's prosperity. We can allocate low-valuation sectors or fall back to reasonable range sectors with high-quality stocks with better performance. In addition, sectors with potential policy support can also pay attention to them.
Guodu Securities : It is recommended to focus on digging deep into technological growth opportunities, and seize the valuation repair opportunities of high-quality stocks in financial real estate and travel consumption in stages; at the same time, the current domestic residual liquidity is abundant, and the loose situation is difficult to reverse under the recent weak economic recovery pressure. Moreover, the performance of high-quality stocks in the prosperous track sector is expected to continue to be outstanding in the third quarter report, supporting electric vehicle , intelligent driving, automotive-grade semiconductors, optoelectronic production equipment and materials, military industry and other technology track sectors to dig deep into segment opportunities, such as key new materials, important components, high-end production equipment, etc.
