The market has a bottom -day bottom -up, and the Shanghai Index 8 -Lianyang closes the 3000 -point integer mark.
On the disk, the AI concept stocks continue to be active, of which Sora and short drama concept stocks lead the increasing daily limit;-> Concept stocks have risen; computing power concept stocks remain strong.The MR concept stocks rebounded sharply; new industrialized concept stocks fluctuated to rise, and Dongjie Smart, including more than 10 daily limit.In terms of decline, coal stocks were adjusted, and Huaibei mining fell nearly 4%.
In terms of sectors, Sora concepts, short dramas, MR, new industrialization and other sectors have risen the top, and coal, airports, corn and other sectors have fallen first.Overall stocks rose more, and the entire market exceeding 4,300 stocks rose, and more than 100 shares rose daily limit.
As of the closing, the Shanghai Index rose 0.55%, the deep index rose 0.28%, and the GEM index rose 0.02%.The Shanghai and Shenzhen cities todays turnover was 921.9 billion yuan, which was 99.5 billion from the previous trading day.Northern Fund sold 9.2 million yuan throughout the day, of which 2.837 billion yuan was bought at the Shanghai Stock Connect, and Shenzhen Stock Connect was sold 2.929 billion yuan.
The Shanghai Index returns 3000 points
Today, the Shanghai Index took 8 consecutive yang and successfully stood 3000 points on the Shanghai index.Our integer passage.Under the great situation, the "A -share", "Shanghai Stock Exchange Index recovered the 3000 -point mark", "Do you add a position near 3000 points of A shares" and other entries and other entries have rushed to the hot search list.
But it should be noted that although the Shanghai Index today recovered 3,000 points, it was once lost in the market.In summary, or because 3000 points are facing three layers of pressure: one is the pressure of the semi -annual line, the other is the pressure of the 3000 -point integer level, and the third is that here is also a bargaining area, facing a certain pressure.Coupled with the diversion of peripheral liquidity, it was restricted before 3,000 points.
How can A shares be interpreted in the future?The view of the comprehensive institution is still a high probability event to maintain the large market above 3000 points.
First of all, the market has a joint force formed.Minsheng Securities believes that from the beginning of the year, the performance of bonus -type assets such as coal, banking, and petroleum petrochemicals is still leading, and to a certain extent, it has broken a large number of investors "markets to enter the market, and style will also be switched".This combination is also born.At present, the funds of the incremental part are mainly from the funds and insurance funds of the Toto, and the main allocation direction of this type of funds is the central enterprise and the dividend assets.It is worth noting that after the failure of the microdisk strategy, the quantitative fund has also begun to focus on the dividend strategy.
Secondly, due to the large market value, the markets support lies in central enterprises and state -owned enterprises, and such companies are beneficial to expectations.The State -owned Assets Supervision and Administration Commission of the State Council will further study the inclusion of market value management into the performance assessment of the person in charge of the central enterprise, and the concept of "market value management" will return to investor vision.Huatai Securities believes that dividends are one of the important tools for market value management. The dividend of state and central enterprises is not weak, but the sustainability needs to be improved.State -owned enterprises are divided into division and breadth, but there is still room for "equity finance".
Based on the above situation, from the perspective of the market structure, the markets consensus on high -interest and central state -owned enterprises is formed. This will have a strong support for the market.destroy.
Social Security Fund reproduces large actions
Social security funds have recently made big movements.
According to the Shanghai Securities Report, recently, the Social Security Fund Bay Area Bay Area Science and Technology Innovation Equity Investment Fund (Shenzhen) Partnership (Limited Partnership) was officially registered.Public information shows that the funds registered capital is 5.1 billion yuan and landed in Futian District, Shenzhen.Among them, the Social Security Fund shall subscribe to 5 billion yuan to contribute to the management (Shenzhen) Co., Ltd. of Shenzhen Investment Investment Red Turkish Private Equity Investment Fund Management (Shenzhen) Co., Ltd.
It is worth noting that this is the third special fund with regional color in the social security fund.Last year, the "Social Security Fund Zhongguancun Special Fund" and the "Social Security Fund Yangtze River Delta Science and Technology Innovation Special Fund" successively landed in Beijing and Shanghai.In just one year, the Social Security Fund Special Fund has completed the layout of super first -tier cities in Beijing, Shanghai, and Shenzhen.
The market perspective states that the above three funds not only have a strong regional color, but also pay attention to the same theme -scientific and technological innovation.The establishment of a social security fund to establish a fund has a demonstration effect, which will bring long -term funds such as insurance funds and commercial pensions to accelerate investment.The continuous incremental funds are expected to support A shares.
On a larger perspective, the social security fund has already settled the market -oriented equity fund.
According to Zerone data, as of February 21, 2024, the National Social Security Fund has contributed 54 funds and can be learned about the total investment fund subscription capital (51 funds) 976.77100 million yuan.
From the perspective of the funding fund, social security funds participated in a totalManufacturing, corporate services, manufacturing and other tracks; from the stage of investment projects, most of them belong to the unsuccessful stage. Among them, 177 project companies have been listed and 287 project companies are listed.
CITIC Construction Investment: The History of A shares has been established
Finally, return to the A shares itselflook.Before the Spring Festival, there was a clear change in the A -share market.Quotes.
Looking at the follow -up, CITIC Construction Investment Chen Guo analyzed A shares from five angles:
First, the basics of the market basic from the marketAt the bottom of the face, we believe that the bottom of the Chinese inventory cycle or the bottom of the corporate profitability has actually been established.When corporate inventory reaches a very low position, corporate profits are easier to bottom out.
Second, the markets emotions have reached a extreme value before the Spring Festival, that is, "emotional bottom".Before the Spring Festival, the market had a limit of thousands of shares, which was actually a liquidity problem, causing panic for selling.The market adjustment caused by this situation is often super -adjustment and beyond fundamentals.Once an external force solves the problem of liquidity, the market will repair this decline.Looking back, the bottom of the panic caused by the emotion is often the bottom of a mid -term.In this context, theoretically the emotional bottoms have passed, and the market mood is the worst.
Third, the condition of the capital.In fact, the expectations of the funding and fundamentals, changes in emotions, and policy risks are related. It is a result.Generally speaking, the market may slowly stabilize from the previous net outflow state, and even enter a slightly net inflow state.Recently, the funds in the north have flowed into the trend. The proportion of bullish options in some foreign -funded derivatives market has risen, industrial capital has also begun to increase its holdings, and ETFs funds have begun to inflow.
Fourth, the capital market reform boosted market risk appetite.From the perspective of the current trend, the policy level has generally entered a new starting point.
Fifth, the stock supply and demand relationship is expected to improve.In the past, the asset shortage actually exists, and the A -share market still needs to be configured.This years A -share valuation will increase to a certain extent. Behind this, risk -free interest rates and some risk preferences are all very important support.
Based on the above five aspects, Chen Guo judged that the outsole of the market should be said to be established. This years A -share market is obviously better than last year.The overall expectation is positive income, the valuation has expanded, and the profit has increased.The market will be a trend of repair, or the trend of shock bias.
In terms of specific investment strategies, Chen Guo believes that high dividend dividends are still the focus. In addition, there are technology, medicine, new energy, AI track and other directions worth paying attention to.
