Reporter Zhang Ying On Wednesday (August 24), the three major A-share indexes fell across the board, with more than 4,000 stocks falling. Among them, banking, non-bank financial and other industries performed steadily and played a role in stabilizing the market. Amid the general

Reporter Zhang Ying

On Wednesday (August 24), the three major A-share indexes fell across the board, with more than 4,000 stocks falling. Among them, banking, non-bank financial and other industries performed steadily and played a role in stabilizing the market. Amid the general decline, what other investment opportunities are there for A-shares? Can it become stronger again?

html On August 24, the three major A-share indexes collectively fell sharply. As of the close, the Shanghai Composite Index fell 1.86% to 3215.2 points, and the Shenzhen Component Index fell. 2.88% reported at 12096.39 points, and the GEM index fell 3.64% to 2679.05 points. The total transaction volume of the two cities was 1.12603 billion yuan, exceeding one trillion yuan for the seventh consecutive trading day; the net sales of northbound funds were 6.615 billion yuan. Overall, A-share stocks fell more than they rose, with 417 stocks rising and 4,324 stocks falling.

Looking at Shenwan's first-level industries, under the general decline pattern, all 31 industries fell today. Among them, banking, non-bank finance and other industries all fell by less than 0.5%. In addition, industries such as electronics, automobiles, power equipment , machinery and equipment, and national defense and military industries were among the top decliners, all exceeding 4%. In terms of the daily limit of

, on August 24, 41 stocks had their daily limit, of which 15 stocks had their daily limit, and their stock prices had risen for more than 4 consecutive trading days. From an industry perspective, the media industry has the largest number of stocks with daily limit, reaching 6, followed by the environmental protection, power equipment, public utilities and other industries, with the number of stocks with daily limit being 4.

table: Today's daily limit and the situation of individual stocks that have risen for more than 4 days in a row:

tabulation: Zhang Ying

Wang Dingfu, a partner of private equity ranking network wealth management, believes that today's large market volume has fallen, and individual stocks have generally fallen, especially the early gains. The largest automobile and consumer electronics sectors suffered larger declines. Strategically, it is recommended to appropriately reduce positions in stocks that have experienced large gains in the later period, and allocate stocks that have seen an inflection point in fundamentals or are expected to improve, and whose stock prices are at the mid-to-bottom level. He Jinlong, general manager of

Youmeili Investment, said that except for the performance of the major financial sectors today, the overall market performance was sluggish, and growth stocks pulled back across the board. More than 4,300 stocks fell, and the market sentiment was greatly affected by the decline. On the one hand, due to the large gains in the track and mainstream sectors in the early stage, today's correction is dominated by these sectors; on the other hand, it is based on the pessimism of future economic expectations. In addition, the US dollar index has continued to strengthen recently, and the influencing factors of the continued outflow of northbound funds cannot be underestimated. At present, domestic funds still present a relatively loose macro environment. In the future, we should pay attention to changes in capital liquidity and market volume, as well as the economic recovery process. This is the support for maintaining the structural market growth of the market.

Regarding the market outlook, Pan Xinyi, a senior researcher at the Equity Department of Yuanrong Investment, believes that currently, the market is beginning to reprice the tortuous nature of economic recovery through the downward revision of strong macro indexes. At the same time, the scarcity of growth has once again become prominent, and the valuations of industries with high expected prosperity have begun to increase significantly. As the market has basically completed the downward revision of strong macro index pricing, the low valuation of growth stocks will not continue indefinitely. Since the domestic economic recovery is still tortuous and growth is still scarce, the background of growth stocks’ dominance remains unchanged. However, there will be differentiation among growth stocks. Industries where high-performance growth companies have a high probability of landing may continue to fluctuate upward, while companies with partial themes and conceptual stages whose performance cannot be released need to be more careful.

Huang Huayan, general manager of DaDao Xingye Investment, said that the current rotation of market sectors has intensified. One of the fundamental reasons is that the semi-annual report disclosure is coming to an end, and institutional funds have adjusted their positions for shares or chosen to leave the market. The stock index should challenge 3155 points downward, and even seek important support at 3000 points. In general, it is recommended to retain the position and for short-term sniping.

Delong Huineng's 4-day stock surged nearly 50%

html On August 24, the popular stock Delong Huineng once again hit the daily limit. As of the close, it was trading at 9.36 yuan, rising by the daily limit for 4 consecutive trading days, during which the cumulative increase reached 46.25%.

The company's 2022 interim report results show that earnings per share are 0.05 yuan, net assets per share are 2.99 yuan, and net profit increased by 8.11% year-on-year. In terms of changes in the number of shareholders, as of 2022-06-30, the company had 29,161 shareholders, compared with 31,483 in the previous period (2022-03-31), with a change of -7.38%.As of the 2022 mid-term report, a total of 4 institutions hold positions in , with a total position of 155.4356 million shares, accounting for 43.36% of the total circulating market.

0 Public information shows that the company is committed to becoming a company focusing on natural gas clean energy. is a comprehensive energy supplier. During the reporting period, the company was mainly engaged in clean energy supply business based on natural gas energy, including natural gas transportation, various gas pipeline network construction and management, city gas operation and sales, vehicle gas filling station investment and operation, CNG/LNG supply and energy comprehensive utilization project development and construction. The company has a wide range of gas sources and has established long-term cooperative relationships with many domestic and foreign gas suppliers. It has formed a complete gas supply channel through its own pipelines and tankers to fully meet the various needs of downstream users.

Financial stocks performed steadily

html On August 24, under the general decline pattern, banking, non-bank financial and other industries experienced the smallest declines, both less than 0.5%, showing stable performance. Among them, individual stocks such as Hongye Futures , Minsheng Holdings , and Guoyuan Securities all rose by more than 5%.

Regarding investment in banking stocks, Great Wall Securities analyzes that the fundamentals of leading banks remain at a high level and the asset quality remains stable in the second quarter. In the second half of the year, as the economy recovers and real estate risks gradually resolve, pessimism about bank asset quality Expectations are expected to be falsified. The current valuation of the banking sector is 0.59x22PB, which is already at the lowest valuation in history. We are optimistic about two main lines in the second half of the year: 1. Small and medium-sized banks with regional advantages and business characteristics, which are less affected by the epidemic and real estate, have high growth in interim results and are determined for the whole year. High performance, recommend Ningbo , Changshu ; 2. A leading bank with a new track and excellent asset quality, its valuation is expected to be restored after consumption recovers and pessimistic expectations about real estate are reversed. We recommend Ping An Bank , Industrial Bank , and Postal Savings Bank. Bank .

Regarding investment in insurance stocks, Kaiyuan Securities believes that the insurance sector has continued to be sluggish this year, and industry valuations have been at historical bottoms. From a fundamental perspective, the current life insurance transformation is still in the process of deepening. The progress of transformation will test the determination and experience of the company's management. It is expected that the manpower of some insurance companies will further decline in the second half of the year. In the second half of the year, it is recommended to pay attention to leading indicators such as actual activity rate that can verify the improvement of the team's quality.

Regarding the investment in brokerage stock , Great Wall Securities said that the industry ecology is being reshaped, and leading brokerages with high-quality wealth management and institutional businesses are expected to obtain higher valuation premiums; targets with strong improvement in marginal prosperity will have the advantage in the volatile market. In terms of relative returns, it is recommended to focus on targets with better Q1 financial reports and continued Q2 profit boom.

(editor Sun Qian)