Driven by the good news over the weekend, the three major A-share indexes collectively opened higher on July 18. After entering the continuous competitive trading, the three major stock indexes once collectively turned green, but the rise of the banking and non banking financial sectors led to the rise of the Shanghai index; The decline of sectors such as electronics, medicine and biology once led to the maintenance of a weak pattern of the new index and the Shenzhen composite index. Near the close of the afternoon market, the strength of real estate stocks led to the expansion of gains in the two cities< img alt="" style="width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/206/330/77.jpg "> by midday close, the Shanghai Composite Index rose 1.49% to 3276.17 points; the science and innovation 50 index rose 0.21% to 1074.51 points; the Shenzhen Composite Index rose 1.12% to 12549.79 points; the gem index rose 1.83% to 2810.94 points.
< /div>wind statistics show that 4120 companies in the two cities rose, 645 companies fell, and 49 companies were flat.
< / div > the transaction volume of the two cities was 651.4 billion yuan, and the total net inflow of northbound funds was 4.321 billion yuan. A total of 117 stocks rose by more than 9%, and 4 stocks fell by more than 9%. From the perspective of the sector, environmental protection stocks shine, including Yongqing environmental protection (300187), ba’an water (300262), Zhongke environmental protection (301175), Bosch (300422), Zhonglan environmental protection (300854) Wait for nearly 20 stocks to rise by the limit or more than 10%< Br > < div class= "contheight" > < /div> banks, non bank finance and other large financial sectors strengthened collectively. Guosheng Financial Holdings (002670) in the non bank financial sector rose by the limit, while Huaxin shares (600621) and Xiangyi financing (600830) rose by more than 5%; Bank of Jiangsu (600919) in the banking sector rose by more than 4%, while Bank of Changsha (601577), Qingnong Commercial Bank (002958) and China Merchants Bank (600036) rose by more than 2%< Br > < div class= "contheight" > < / div > the semiconductor sector once weakened, with Fudan wechat (688385), northern Huachuang (002371), aixu shares (600732) falling by more than 4%< Br > < div class= "contheight" > < / div > alcohol stocks once weakened, with Bairun shares (002568), Gujing gongjiu (000596), Laobaigan wine (600559) and others falling by more than 1%< Br > < div class= "contheight" > < / div > CICC pointed out that as the rebound has lasted for more than two months, and the length and amplitude are relatively close to the first round of rebound after previous bottoms, the market may gradually face the test of the following factors and increase volatility. We reiterate our view on the medium-term outlook. Under the influence of internal and external uncertainties, China’s market in the second half of the year may not be a one-sided market. We need to seek “stability” first, and then wait for opportunities to “advance”. The allocation is mainly considered in areas with low macro relevance or policy support. After the recent continuous rebound in growth style, the cost performance is weakening, and subsequent fluctuations may begin to increase< Br > < div class= "contheight" > < / div > YueKai Securities said that at present, the market has entered the adjustment stage of confirmation of fundamentals and increased disturbance of events, which is typically characterized by large fluctuations and serious differentiation. It is unlikely that the market will continue to fall sharply in the short term, but from the perspective of technology and catalysis, the next week may still be dominated by shock adjustment. It is recommended that investors focus on defense, wait for the follow-up steady growth policy to work again, and pay attention to two main lines in terms of allocation< Br > < div class= "contheight" > < /div> first, pay attention to the investment opportunities in the sector where the interim report performance exceeds expectations. Judging from the disclosure of the current interim report performance forecast, the performance certainty of the basic chemical industry, electronics, power equipment and other sectors is relatively stronger. The follow-up profitability is expected to become an important driving force of the market. It is suggested that investors should start from the performance and pay attention to the sectors where the interim report performance exceeds expectations and the valuation level is in a reasonable range. Second, investment opportunities in undervalued sectors. At present, the defensive sector is the undervalued sector. We suggest to focus on some investment opportunities in the undervalued sector of the recent northward capital increase against the market, and continue to pay attention to investment opportunities in new and old infrastructure sectors, especially individual stock targets with high undervalued value and cost performance.