The three major indexes have fallen, and the industry rises more than 2%against the market. What are the highlights of A shares in September?

Our reporter Zhang Ying today is the first trading day of A shares in September. The three major indexes have fallen, and the turnover of the two cities has shrunk significantly. The turnover of less than 800 billion yuan throughout the day, and the northbound capital flows slightly. The coal industry rose against the market and rose more than 2%. Under the dominance of structural conditions, what other investment opportunities are there in the A -share market in September? On September 1, the three major stock indexes closed down the board. As of the closing, the Shanghai Stock Exchange Index fell 0.54%to 3184.98 points. The trend; the total transaction between the two cities was 794.8 billion yuan, and the net sold of 842 million yuan in northbound funds was sold. Generally speaking, A shares have fallen more. From the perspective of Shen's one -level industry, today, eight industries have achieved rising. Among them, the coal industry has risen 2.43%, followed by the increase in household appliances and real estate industries exceeding 1%. The decline in social services and food and beverages exceeded 2%before. On September 1, the coal industry rose 2.43%. Among them, Zhengzhou coal power daily limit, Shaanxi coal industry and Shanmei International and other coal stocks have increased by 5%before. Regarding the investment in the coal industry, Cinda Securities believes that the duration and scale of energy inflation in this round may exceed the market's general expectations. It is expected that the coal price center may continue to rise within 2-3 years. Under the logic of large energy inflation, grasping high -quality coal companies with high barriers, high cash, and high -scalpa, and greeting a historic market for a round of performance and valuation of the coal plate. In terms of investment suggestions, continue to look at the multi -coal sector, it is recommended to continue to pay attention to the historic configuration opportunities of coal. From bottom to top, two main lines: first, Yankuang Energy, Shaanxi Coal Industry, China Shenhua, China Coal Energy, etc. with large space and extension of the endless extension, excellent resource endowment, and good company governance; There are high -quality alchemy companies with growth space, Pingjiang, Panjiang, Huaibei Mining, Shanxi Coking Coal. CITIC Securities stated that it is also expected to stabilize the industry's mid -term demand to stabilize the industry in the fourth quarter of domestic coal demand and stable growth in the fourth quarter. Overseas coal prices will continue to rise in the winter season or continue to rise, which will bring catalysts to the subsequent rising of the sector. It is recommended to continue to pay attention to low -valuation faucet companies, Shaanxi Coal Industry, Yankuang Energy, Electric Investment Energy, La An Energy, Shanxi Coking Coal, and Huayang shares actively transformed into new energy. In terms of daily limit board, on September 1, 48 stocks rose daily limit. Among them, 9 limit stock prices have risen more than 3 consecutive trading days. From the perspective of the industry, electronics, real estate, and business retail industries have the largest limit, all of which are 4. Table: Today's daily limit and more than 3 days of stocks: Table: Zhang Ying's market performance today, Liu Yan, chairman of Anjue Assets, believes that today's three major indexes have fallen and have two aspects of attention. First of all, in the short term, the market sentiment has declined to the extreme, the traffic activity is extremely low, and the broad market index is difficult to have a significant downward trend, but it will continue to continue the slowly shocking posture. The main funds of the market are obvious, and off -site funds have a strong mood. It is expected that if there is no deeper policy favorable drive in the short term, A shares will enter a period of shocking downward. Secondly, from the long -term perspective, the Chinese economy is undergoing the bottom of the rebound. As economic policies are gradually implemented, the overall trend of the stock market will still take the road of slowly reversing. He Jinlong, general manager of Glore Investment, said that in the near future, the US debt interest rates have improved, the RMB exchange rate has accelerated depreciation, foreign investment has been sharply out of the market, and market risk appetite has been adjusted again. Structural perspective, the track leads. The market style switching will be balanced, and the low -valuation industry is expected to repair. It is recommended to grasp the certainty of high -quality assets and will obtain the money -making effect in the future structural market performance. For the market outlook, Xu Shengxiong, the operating manager of Paiwang Wealth Public Funding Products, believes that market style switching is expected to transform from small and medium -sized growth stocks to large -scale value blue chip stocks. First, from the past year, the end of the financial report season is often more prone to style switching, because the past performance has been fully reflected in the financial report, and funds need to be switched according to future expectations. Second, from the perspective of the interim reporting performance, the performance of the growth stocks of small and medium -sized markets is not as expected. With the expectations of economic recovery, there is a possibility of correction. Fang Lei, deputy general manager of Xingshi Investment, believes that the domestic economic recovery will support the stock market and the overall structural opportunities of A shares to maintain shake. In the investment, the matching degree of performance and valuation should be paid attention to. In terms of macroeconomics, policies have gradually increased the high temperature weather. It is expected that the role of policies and infrastructure on the economy will continue, and the domestic economic recovery is still the main trend. It is expected that the performance trend of listed companies will also be consistent with the growth trend of GDP. In the future, marginal improvement is expected to occur, especially industries and companies with higher correlation with the economic recovery. In terms of liquidity, it is difficult to see the Fed's tightening policy turn in the short period of time, and it is difficult for domestic monetary policy to further relax in quantity. The probability of macro -liquidity margin is not high. The stock market valuation end still has "ceiling". Under the macro environment where economic recovery and liquidity are unable to marginalize, the domestic stock market is likely to maintain a shock.

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