On June 27, the three major A-share indexes collectively opened higher in the morning, and got out of the market of high opening and high closing in the morning. Influenced by the good news, the catering and tourism sector led the two cities. The lithium battery, photovoltaic and other track stocks rose higher. The performance of the wind power driven power equipment sector was weak, while the national defense and military industry sector once bucked the trend< Br>
by midday closing, the Shanghai Composite Index rose 0.88% to 3379.16 points; The Kechuang 50 index rose 0.57% to 1107.77; The Shenzhen Composite Index rose 1.23% to 12841.86 points; The growth enterprise market index rose 0.57% to 2840.63 points< Br>
wind statistics show that 2667 companies in the two cities rose, 1837 companies fell, and 305 companies were flat< Br>
the two cities traded 792.8 billion yuan, with a total net inflow of 7.197 billion yuan. A total of 96 stocks in the two cities increased by more than 9% and 5 stocks decreased by more than 9%< Br>
from the perspective of the sector, catering and tourism led the rise in the two cities. Junting Hotel (301073) and Lijiang shares (002033) rose by the limit or more than 10%, and China free (601888) once rose by the limit< Br>
lithium mines performed well. China mineral resources (002738) rose by the daily limit, while Ganfeng lithium (002460), Tianqi lithium (002466) and Tibet Mining (000762) rose by more than 5%< Br>
wind power stocks bucked the trend, with Riyue shares (603218) and Dalian heavy industry (002204) down more than 4%, and Shuangyi Technology (300690) and Zhenjiang shares (603507) down more than 2%< Br>
CICC pointed out that looking forward to the future, with the development of domestic steady growth policies and the gradual weakening of the impact of the epidemic, the dislocation of domestic and foreign growth cycles and the “loose inside and tight outside” policies, China’s continued loose liquidity and recovery ahead of overseas economies are still the benchmark situation. In combination with the large adjustment range of the Chinese market since the beginning of the year and the advantages of valuation, We believe that the Chinese market may still be more resilient than overseas markets. The recent plate rotation and transaction activity in the market, and the oversold rebound of the growth plate show the obvious characteristics of the improvement of market sentiment driven by loose capital. Considering that the capital interest rate is still relatively low, the liquidity relaxation situation may continue, and the improvement of market sentiment may be habitual, the short-term A-share market may still be expected to continue to repair in fluctuations. At the same time, it should be noted that the market driven by loose capital tends to have a relatively strong short-term trend and relatively large fluctuations. If there are signs of weakening the profit-making effect in the future, the market may turn into a state of increased volatility rather than unilateral upward< Br>
under the expected background of overseas continuous interest rate hike, the upstream cycle should be appropriately reduced. At present, we are focusing on three directions: 1) “steady growth” or areas with policy support: Infrastructure (traditional infrastructure and some new infrastructure), building materials, automobile and housing related industries with policy expectation or actual policy support; 2) Areas with low valuation and relatively low correlation with macro fluctuations, especially some areas with high dividends, such as infrastructure, power and utilities, hydropower, etc; 3) Some areas where fundamentals have bottomed out, supply is limited or prosperity continues to improve: agriculture, some chemical sub industries, photovoltaic and military industry, etc< Br>
Guosheng Securities pointed out that the current market trading volume remains above trillion, and the trading sentiment is obviously active. The index still has the momentum to rise further, but the risk of rapid rotation of funds among major sectors cannot be ignored. Keep optimistic in strategy and cautious in tactics, focus on low absorption and wait for the opportunity of rotation. There are constant calls for greater policy adjustment in the market, and the favorable policies in the direction of “steady growth” are still worth looking forward to. Favorable policies to stimulate consumption have been introduced in various regions, and the automobile sector has become the biggest winner in the market. It is necessary to be cautious to catch up with the huge short-term increase. In addition to the high prosperity of photovoltaic and new energy circuits, we can pay attention to the bargain hunting opportunities of the consumer sector and defensive sectors such as medicine and Baijiu in the near future< Br>
CITIC Securities pointed out that the revision of the anti-monopoly law was implemented, put forward the legislative idea of “encouraging innovation”, strengthened the supervision of new abuses of market dominance based on data, algorithms, technologies and platform rules, added some exemption rules under the vertical monopoly agreement, strengthened the supervision of business concentration, and enhanced the punishment of various illegal acts. The follow-up anti-monopoly regulatory ideas may be more mature and stable, which will help to further improve the expectations of enterprises and the market.