The financial stock rebounds, and the "wind direction" of the broader market has changed -"abandon high and low" under the game of stock funds

With the rebound of heavy stocks led by finance, the market shocks this week, and the motherboard trend is significantly stronger than the GEM and science and technology 50 index. This week, the Composite Index rose by 1.55%, the Shenzhen Stock Exchange Index rose 1.22%, the GEM index rose 0.27%, and the science and technology 50 index fell 0.96%. Regarding the market next week, the industry believes that the subject matter of the subject matter is still normal, and the movement of heavy shares is worthy of continuous attention of investors.

Strong financial stocks

This week, the broader market showed a fluctuating market. From Monday to Wednesday, the shares of the subject matter are performed. On Thursday, securities firms, insurance, and diversified finances rose sharply. On Friday, financial stocks remained strong, diverse finance rose 2.67%, insurance rose 0.87%, and banks rose 0.01%.

Driven by the strengthening of heavy stocks, this week's motherboard performance is stronger than the GEM Index and the 50 Index of Science and Technology. This week's synthesis composite index rose 1.55%to close 3276.89 points; the Shenzhen Stock Exchange Index rose 1.22%to close 12419.39 points; the GEM index rose 0.27%to close 2690.83 points; point.

From the perspective of the performance of this week, coal mining, accessories, gas, chemical fibers, refining and trade, environmental protection equipment, glass glass fiber, consumer electronics lead; Raw materials, energy metals, medical commerce, medical services, and military electronic declines. The semiconductor sector, which led last week, fell 0.30%this week.

It is worth mentioning that the brokerage sector has increased by more than 4%this week. In terms of individual stocks, Guoyuan Securities, Everbright Securities, West China Securities, Founder Securities, and Zhejiang Business Securities ranked among the top five increases, with weekly increases of 20.50%, 11.66%, 8.66%, 7.68%, and 7.25%.

According to AVIC Securities, with the continuous advancement of the trend of A -shares and the continuous growth of the number of institutional investors, the business development of securities company is gradually becoming institutionalized. In the context of tightening industry supervision, head brokers have stronger risk control capabilities and have advantages in institutional customer resources. It is worth noting that the "Regulations on the Management of Insurance Asset Management Company" recently issued and implemented from September 1, 2022. The "Regulations" clearly require that the channel business is strictly prohibited, and the sales management and prudent operations are strictly prohibited. The release of the "Regulations" is mainly to ensure that insurance asset management companies enhance their risk control capabilities and guide them to focus on long -term capital investment.

Theme stocks fast rotation

This week, theme stocks are still the most active groups in the market. Popular track stocks such as military industry, photovoltaic, and semiconductor have performed, and consumer electronics continues to strengthen this week.

On the news, the growth rate of global semiconductor revenue declined for the sixth consecutive month, and Gartner lowered the annual semiconductor growth rate in 2022. In June 2022, global semiconductor sales were $ 50.8 billion, an increase of 13.3%year -on -year, a year -on -year growth rate of 4.7 percentage points from the previous month. It has narrowed for 6 consecutive months since January 2022. It is also since February 2021. The growth rate is less than 15%for the first time. According to Gartner's latest forecast, global semiconductor revenue in 2022 is expected to increase by 7.4%to 26.3%in 2021, and below the previous quarter forecast in 2022 to increase by 13.6%.

It is worth noting that the fourth consecutive quarter of global smartphone shipments in the second quarter of 2022 declined. In the second quarter of 2022, global smartphone shipments were 286 million units, a year -on -year decrease of 8.7%. CITIC Securities believes that the decline in market demand is the biggest problem with the smartphone market. Due to inflation, the disposable income of consumers has decreased this year; in addition, as the performance of mobile phones continues to upgrade, consumers generally reduce the speed of mobile phones. CITIC Securities recommends investors to pay attention to chip companies with high proportion of data centers, automobiles, and industrial business. In addition, under the wave of expansion of the global wafer fab, SEMI expects that global semiconductor equipment revenue will be innovative now and tomorrow. The United States has tightened technology export controls, and the localization process of chip equipment is expected to speed up.

In terms of individual stocks, the recent semiconductor sector leader Dagang Co., Ltd. continued to daily limit from Monday to Thursday, and it fell 6.68%on Friday. The stock price stopped eight consecutive boards. This is a vane for short -term high -themed stocks.

Shock trend or continuation

For the market next week, the industry believes that the subject matter of the subject matter is still normal, and the weighted shares are worth the attention of investors.

Mr. Cao, a senior manager of Huaxin Securities, told the reporter of "Public Securities News" that the recent fluctuations in theme stocks have greatly fluctuated, and the operation should not be blindly chased. With the strengthening of heavy shares, the turnover of the two cities on Thursday and Friday has exceeded trillion yuan, which also shows that the recent large funds are biased towards low -valuation blue chip stocks. However, from the perspective of weekly trading volume, A -shares are still a game of stock funds. Next week, investors can continue to pay attention to the trend of power and heavy stocks. From the perspective of the broader market, the pressure on the Shanghai Index 3280 points is high, and it is difficult to overcome without the transaction volume.

Guosheng Securities believes that with the oversold rebound of white horse stocks, the market style may change, and it can be appropriately paying attention to the opportunity to repair the valuation of over -declined white horse stocks. Mid -semiconductor chips, high -end manufacturing, driverless driving and other subjects or structural opportunities.

Chuancai Securities said that as the short -term uncertain factors gradually faded, superimposed global liquidity ushered in relaxation expectations, and the market was expected to further strengthen.In the short term, high -end chips and computer sectors with "domestic alternative" logic, in the direction of the power industry chain, military industry, and digital economy in the middle and long term.Reporter Tang Xiaofei

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