Author |Ding Zhenyu, editor|Wang Jinxi.
*: Jufeng Investment Advisory, good ** application.
Jufeng view
In the last trading week of the year, A-shares stabilized**, and the three major indexes closed up across the board. The Shanghai Composite Index rose 206%, the Shenzhen Component Index rose 329%, the GEM index rose 359%。
From the perspective of industry performance, the industries in the two cities rose more and fell less, among them, power equipment and new energy, non-ferrous finance, petroleum and petrochemical, food and beverage, consumer services, electronics, machinery and other industries rose first, and coal, transportation, media and other industries rose slightly.
The overall risk appetite of the market has been improved, with broad-based indices across the board**, SZSE 100R, ChiNext 50, ChiNext Index, ChiNext **, ChiNext **, SME 100, ** Growth, Mid-Cap Growth and other indices rising highly.
From the perspective of northbound capital flows, last week's Shanghai and Shenzhen Stock Connect net **186700 million yuan. Industries such as power equipment and new energy, non-ferrous metals, food and beverage, electronics, basic chemicals, pharmaceuticals, and non-bank finance had more net inflows, while automobiles, media, petroleum and petrochemicals, computers, textiles and apparel, and comprehensive finance industries showed a slight net outflow. Northbound funds will have a cumulative net of 43.7 billion yuan in 2023, a net net for ten consecutive years.
In the medium term, with the implementation of various counter-cyclical adjustment policies and measures, the domestic economy has entered a recovery cycle, and foreign capital has re-embraced Chinese assets.
Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market**. In the past three months, domestic counter-cyclical adjustment measures have been intensively introduced, indicating that the bottom of the policy has been confirmed, and ** is moving from the bottom of the policy to the bottom of the market. Externally, on the last trading day of 2023, U.S. stocks closed slightly lower, and popular Chinese concept stocks rose. Domestically, the 2024 New Year's Day box office set a new record in film history, and many places carried out New Year's Day activities, the official manufacturing PMI index in December was 49%, the expansion of non-manufacturing industry accelerated, and a number of China's economic indicators hit new highs in 2023It is expected that A-shares will rise after consolidating the bottom. Investors can focus on growth sectors such as semiconductors, consumer electronics, intelligent driving, and new energy vehicles, as well as blue-chip stocks with state-owned enterprise reform, low valuations, and high dividends.
Message plane
The box office of the 2024 New Year's Day stalls will set a new record in film history
According to the data of Maoyan Professional Edition, the total box office of the New Year's Day file in 2023 (December 30-January 1) will exceed 131.1 billion, exceeding the 2021 New Year's Day file of 130.3 billion box office results, setting a new box office record for New Year's Day in Chinese film history.
Bureau of Statistics: The official manufacturing PMI in December was 49%.
In December, the manufacturing purchasing managers' index (PMI) was 490%, down 04 percentage points, the level of manufacturing prosperity has fallen. In December, the non-manufacturing business activity index was 504%, up 02 percentage points, above the critical point, indicating that the expansion of the non-manufacturing sector has accelerated.
In 2023, a number of China's economic indicators will hit new highs
According to the China Association of China, China's auto industry will become the main driving force for industrial economic growth in 2023. Among them, the production and sales of automobiles are expected to reach about 30 million units in 2023, the production and sales of new energy vehicles will exceed 9 million units, the export of automobiles is expected to be close to 5 million units, and the market share of Chinese brand passenger cars will remain stable at more than 50%. According to reports, this year, a series of policies to vigorously promote automobile consumption have been introduced, and the automobile industry has become the main driving force for industrial economic growth.
Author: Ding Zhenyu Practicing Certificate: A0680613040001
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.