The three major stock index shock differentiation, how to seize the opportunity of A -share investment?

Our reporter Zhang Ying, on Friday (August 26), the three major stock indexes shocked and differentiated, and there were different rises. As of the close of the morning, the Shanghai Stock Exchange Index increased by 0.09%to 3249.04 points; the Shenzhen Stock Exchange Index increased by 0.12%, and the GEM index fell slightly by 0.51%; Raise more and less. From the perspective of funds, on the morning of August 26, the net purchase amount northbound funds reached 2.269 billion yuan. In addition, as of August 25, the balance between the two and Shenzhen cities was 1633.82 billion yuan, a decrease of 2.754 billion yuan from the previous trading day. Among them, the financing balance was 1,526.287 billion yuan, a decrease of 3.073 billion yuan from the previous trading day; the balance of securities lending was 107.533 billion yuan, an increase of 319 million yuan from the previous trading day. In terms of hotspot sectors, as of the closing of the morning on August 26, accommodation, catering, public facilities, and cultural media sectors have risen, and coal oil and mining assistance sectors have fallen first. Specifically, as of the closing of the morning on August 26, the accommodation and catering sector strengthened, up to 3.78%. Among them, Tongqing Building closed at the daily limit. Junting Hotel, Jinling Hotel, Huatian Hotel, First Travel Hotel, Jinjiang Hotel and other stocks increased by more than 2%. Regarding the investment of hotel stocks, Cinda Securities believes that the hotel sector has medium and long -term investment logic, including the improvement of the supply and demand pattern, the rapid development opportunities and structure optimization brought by the improvement rate of the chain. Hotel, Huazhu Hotel. Regarding the investment opportunities of catering stocks, Founder Securities analysis believes that after the epidemic is fixed, the short -term adjustment is the layout time. The core logic of the development of the catering industry chain, that is, the process of chain and industrialization is expected to accelerate. At the same time, the epidemic accelerates the survival of the fittest in the catering industry, and the large -scale chain catering has a strong ability to resist risks. It is expected to usher in a period of expansion and development. With the overall situation of the domestic epidemic, the restoration of the catering industry is expected to accelerate. The income of the catering industry chain enterprise that was previously affected by the limited consumption scenario was expected to continue to improve from the previous month. Regarding the market outlook, industry institutions generally stated that the market will continue to fluctuate under the game of stock funds. Zhongyuan Securities believes that the average price -earnings ratio of the current Shanghai Composite Index and the GEM Index is 13.18 times and 41.78 times, respectively, at a medium level of the past three years. The gentle trend of CPI does not change, but it may be within the scope of policy tolerance. In the future, the stock index is generally expected to continue to shock up, and at the same time, it still needs to pay close attention to changes in policy, capital, and external factors. Investors are advised to maintain a 60 % position, short -term attention to investment opportunities in industries such as finance, resources, and engineering infrastructure. Soochow Securities stated that the market market can pay attention to the impact of exchange rate fluctuations on the market. In addition, the disclosure of the semi -annual report performance is close to the end, and the frequent thunderstorms will also affect market risk preferences. In terms of operation, it is recommended to balance the positioning. Stable investors need to increase the percentage of the configuration of the blue chips and wait patiently to wait for the market to stabilize. The short -term still needs to participate in the upstream and cautiously chase high. Bohai Securities suggests, strategies, and long -term pessimism of global economic prosperity brings short -term release. In addition to the pressure of the final stage of the market, the changes in the exchange rate have also brought about fluctuations in funds in the north. The market has been restrained by negative factors in the short term, and it is difficult to break through. From the mid -term perspective, although the reversal of fundamentals will not happen overnight, it will eventually get closer. Therefore, under the support of the fundamentals, the market is expected to break through the existing platform. It is recommended that investors pay attention to the re -configuration opportunity before the expected reversal. In terms of industry configuration, the short -term disclosure of the second quarterly report has been disclosed one after another, the risk preferences are relatively pressured, and the market has switched from high and low switching, and the growth section is switched from the high prosperity growth section to the cycle sector. However, considering that the fundamentals and liquidity are not greatly changed at this stage, the relatively good judgment of high -prosperity plates such as "landscape storage" can still be configured during the adjustment process; Theme opportunities of coal, natural gas, agriculture, forestry, animal husbandry and fishing. Guosheng Securities believes that at the end of the interim disclosure disclosure of A -shares, from a historical perspective, the semi -annual report disclosed the deadline for the semi -annual company's performance growth rate and median number within one week before the disclosure of the semi -annual report (August 31) It may be large, and the market is often adjusted. At the same time, for the growth stocks that have accumulated a lot of increase in the early stage, the market is relatively sensitive to changes in its performance ability. With the financial report season, the steady growth policy is further focused on "striving for the best results". There is no need to worry too much in the medium term. Under the support of fundamentals, the market is expected to return and break through the existing platform again. It is recommended to maintain value in investment. Balanced configuration than growth.

Picture | Site Cool Hero Bao Map.com

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