On the 26th, A-shares failed to continue last week's strong performance, ** adjusted, the Shanghai Composite Index fell nearly 1%, stopped eight consecutive yang, and fell back below 3,000 points. Banking, insurance, coal and other weighted sectors fell first, theme stocks were relatively active, and concepts such as industrial machine tools and robots rose sharply. More than 3,600 *** The turnover is close to one trillion yuan, a new high after the holiday. Industry insiders believe that after the index quickly gets out of the low, it needs a certain amount of trimming to consolidate, but there is no shortage of structural opportunities in the market, and it is necessary to pay attention to the direction of investment style in the short term.
A few days ago, the ** Financial and Economic Committee held its fourth meeting to study issues such as large-scale equipment renewal and trade-in of consumer goods to effectively reduce the logistics cost of the whole society. On the 26th, industrial machine tools, new industrialization, humanoid robots, general equipment, intelligent logistics, home appliances, automobiles and other sectors were active and soaring. Yawei shares, Huizhou Intelligent, Hengerda, Huazhong CNC and other industrial machine concept stocks have a daily limit, and robot concept stocks are surging, and more than 30 shares such as Kunbo Seiko, Zhongya Shares, Zhongwei Electronics, and Mahe Shares have a daily limit. Among them, Kelai Electromechanical won 12 boards and became the new "king of boards" during the year.
One of the goals of large-scale equipment renewal is to eliminate outdated production capacity, so downstream industries with insufficient long-term fixed asset expenditure are expected to be the initial beneficiaries of the policy. In addition, most of the downstream industries of general equipment are relatively mature, such as machine tools and injection molding machines, and the huge stock market has entered the replacement cycle. "GF ** analysis believes that the modernization and transformation of such equipment depends on the product life on the one hand, and on the other hand, on the policy preferences. Overall, the demand for equipment substitution in various domestic industries is huge, and if the follow-up support policies follow up, the demand elasticity is expected to exceed expectations.
High-dividend varieties such as insurance, banking, coal, and electricity, which had a good trend in the early stage, ushered in a relatively large adjustment on the 26th. Chinese Life and China Taibao both fell by more than 3%, Bank of Suzhou, Huaxia Bank, Postal Savings Bank, Construction Bank, Bank of Communications, etc. also fell by more than 3%, and coal stocks such as China Coal Energy, Haohua Energy and Xinji Energy fell first. Utilities, construction, food and beverage, oil and gas and petrochemicals and other sectors have all been adjusted.
Overall, although the index on the 26th is **, the activity is acceptable, with 3687 shares**, 1513 shares**, as many as 124 up limits, and only one down limit. As of **, the Shanghai Composite Index **093% at 297702 points, SZSE Component Index **004% to 9066At 09 points, the GEM index fell 037% at 1751At 7 points, the Science and Technology Innovation 50 Index rose 052% at 76849 points. The turnover of the Shanghai and Shenzhen markets was 989.1 billion yuan, an increase of 67.2 billion yuan from last Friday, a new high after the holiday.
It is worth noting that northbound funds continued to sell on the 26th, with a net sale of 13 throughout the day1.3 billion yuan, but the situation in Shanghai and Shenzhen is different. Among them, the Shanghai Stock Connect net **82.9 billion yuan, net for 20 consecutive trading days; SZSE net selling 214.2 billion yuan.
On Monday, the index appeared** finishing, especially the weight of the main board ** is obvious, but from the trend point of view, it is still dominated by bulls, not to mention that the early ** amplitude is indeed relatively large, and it is not impossible to consolidate this position, so continue to wait and see what happens, and deal with it with a normal mentality. Wang Yuqian, an investment consultant of Yuanda, reminded investors that they need to pay attention to the rhythm of operation and prepare for real-time adjustment.
Aijian** analysis believes that the market index has continued to rebound, and the sentiment has been well repaired, but after quickly getting out of the low, the index also needs to be trimmed to a certain extent. In this position, it is still mainly trading, and at the same time pay attention to gradually increasing the proportion of strategic allocation and pay attention to the trend of market style. Strategically, the main focus on trading opportunities is still dominated by the technology sector and state-owned enterprise-related sectors, and the allocation is to be in the track sectors such as consumption and new energy, and the core principles are still based on valuation and performance.
At this point in time, CICC believes that the repair since the beginning of February is still expected to continue, and the follow-up recommendations continue to pay attention to the capital market reform expectations and the strength and pace of stable growth policies. In terms of style, after the recent improvement of the liquidity environment, the small-cap style has risen higher than **, and the small-cap style is still expected to prevail in the short term, but the convergence speed with ** will slow down. In terms of industry allocation, the TMT field, which has been adjusted more since the beginning of the year and is expected to be driven by recent scientific and technological progress, is still expected to have a relative performance, and the Internet, computer, and electronics sectors are expected to continue to be active; Combined with the expectation of stable growth policies in the future, there may be phased opportunities in equipment renewal and consumer goods-related sectors; In the high-dividend area, pay attention to the rhythm of allocation.
Reporter Chen Hui.