The Shanghai Composite Index once again rose 129%) stood on the half-year line, but also stood on the 3000 point mark, with the continuous release of good news, superimposed, personal judgment, the Shanghai Composite Index stood on 3000 points and continued to attack the problem is not big, although it is impossible to keep attacking, but the pattern of oscillation upward is still promising.
There are several very important positives today. One is that there are zero new shares issued this week! This means that throughout the month of February, only two new companies were issued. Although February is due to the Spring Festival, more than one-third of the holiday time is over, and the original days are less than those in other months, so the entire trading time is also the shortest month, but in any case, a month, even if there are actually only two trading weeks, only two new shares are issued. According to the data of the peak period, it is relatively common to issue 5 to 10 companies a week. In addition, according to the Securities and Futures Commission, the average price-to-earnings ratio of recent new listings has also declined.
While the number of new shares issued has plummeted, the funds entering the market have been quite active. One is that according to UBS's calculations, since the beginning of this year, the national team has subscribed for ETFs**, and as of February 23, the net inflow of funds has exceeded 410 billion yuan. Among them, the CSI 300 ETF was the largest, with an excess turnover of 312.4 billion yuan, and the CSI 500 ETF ranked second with 53 billion yuan. The CSI 1000 and CSI 2000 were 27.7 billion yuan and 18.6 billion yuan respectively. This data is based on last year's average trading volume, and then the increase in trading volume is all understood as the national team's funds, which has a certain degree of reasonableness.
Another good news is that today's shareholders' meeting of Xinhua Insurance approved the investment pilot plan. Previously, Xinhua Insurance and Chinese Life announced that the two sides will each contribute 25 billion yuan, a total of 50 billion yuan, to jointly establish a private placement **investment**. Now the shareholders' meeting of New China Insurance has approved the plan.
The repurchase of listed companies is continuing to advance, and the unexpected joy is that the repurchase of nearly 1 billion yuan of Oriental Fortune has changed its purpose, from the original incentive to cancellation. This is really a sudden or additional piece of good news. In fact, although the number of announcements of listed companies repurchasing recently is quite a lot, but the amount is not large, basically below 100 million yuan, dozens of announcements issued yesterday, I took a look, only one of the lower limit is more than 100 million yuan, and the vast majority of the rest of the upper limit are below 100 million yuan. The repurchase amount is so small, if it is not written off, the benefit is very small. If all the buybacks previously announced can be repurposed and cancelled, I believe that the strength of A-shares can continue to be optimistic. After all, compare it with the United States: Berkshire alone spent $9.2 billion on buybacks last year. And the buyback in the United States is basically for write-offs. Let's not say it's the US dollar, it's the RMB, and all A-shares combined, there is no cancellation of 9.2 billion yuan.
Today, Warren Buffett's Berkshire released its 2023 annual report, and Buffett released its latest letter to shareholders. Despite the past year's gains for Apple, the company is still a heavy weight and contributes most of the company's earnings.
If Warren Buffett, an old man who insists on investing in Coca-Cola and American Express, is willing to hold on to high-tech companies like Apple, then shouldn't we, much younger people, pay more attention to investing in technology stocks?
Judging from today's market performance, it can be said that it is still closely around the main line of artificial intelligence. The application fields of artificial intelligence are very wide, and there are quite a few industries that need to be supported for its development, such as semiconductors, chips, computing power, GPUs, communication equipment, image materials, storage, intellectual property rights, etc.
Although none of our companies can compete with the top companies in the United States in these areas, there will always be relatively leading companies in any industry, so in the above areas, we can choose some relatively leading companies from A-shares to invest in.
A very interesting data is that although there are only less than two months of trading time this year, the market has changed quite rapidly - from the strength of Chinese top stocks, bank stocks, heavyweight stocks and high dividends in January, to the strength of artificial intelligence in February, it is only a little more than 20 days.
Statistics show that since the beginning of the year, as of today, the categories with the largest increases are QDII, energy, coal, state-owned enterprises, and banks. These ** correspond to increases of 20% to 15% and then to %. But from February 1 to now, in just a dozen trading days, do you know what the best ** increase is? It's close to 30%! It can be seen that the market is quite fierce in the market for this batch of ** (see the figure below for details).
Since February, the 18 strongest performers in the field**:
In investment theory, there is a more effective strategy to buy the second drop point after the **. In fact, if the surge in technology stocks in the first half of last year is taken as the first wave, then the low point in January can be regarded as the second drop point, and the current point can be understood as the ** after the second drop point.
In addition, this industry also meets the requirements of the industry I chose before, that is, it has the support of national industrial policies and has market space. There is only national policy support, such as environmental protection, but if the market demand does not come up, it is still on paper, and there is market demand, such as real estate, but the policy does not support it, there is no way to make it bigger.
But science and technology, as we all know now, can not only be civilian, but also military, but also can greatly improve the happiness of human survival, such a thing, the policy can not suppress, the market is also huge. So, it's very likely that this year will still be a tech year. For investors who are insensitive to technology companies, they can choose the relevant ** to catch the relevant ** in one go.