3100 points are not entangled in firm confidence to see the long -term

On Monday, the Shanghai Index saw the minimum of 3101.22 points, which continued to fall on the basis of 4.16%last week. For a while, some investors were pessimistic.

In fact, for mature investors, it is not entangled in the short -term index point, clearing the underlying logic, and grasping the market direction is the long -term win. From the current situation, the economic trends that are closely related to the growth of A shares have shown signs of good signs, and investors must have a detailed observation of this.

From the perspective of the policy level, the party's central government has been clearly introduced, with the requirements of the Party Central Committee, which is "preventive, stabilized by the economy, and stabilizing the economy, and developing safely."

From an economic perspective, my country's industrial chain supply chain is safe and stable. According to the August data released by the State Bureau of Statistics, the added value of industries above designated size nationwide increased by 4.2%year -on -year, 0.4 percentage points accelerated from July; and 0.32%month -on -month. From January to August, the total retail sales of social consumer goods increased by 0.5%year -on -year, and from January to July 0.2%. From January to August, the national fixed asset investment (excluding farmers) increased by 5.8%year -on -year, 0.1 percentage points accelerated from January to July; and 0.36%in August. At the same time, the total retail sales of social consumer goods in August increased by 5.4%year -on -year, and the cumulative growth rate in the first eight months was negative to positive.

Judging from the performance of listed companies, it has been disclosed that the third quarter performance forecast shows that the performance of listed companies has grown steadily. Data from Flush Shun shows that as of the close of Monday, a total of 57 companies disclosed the performance forecast in the previous three quarters. Over 70 % of the company pre -happy: From the perspective of the preview type, 19 pre -increased, 20 slightly increased, and 1 renewal.

At the same time, listed companies repurchase the tide. Since the third quarter of this year, 102 companies have announced the implementation of repurchase, and the upper limit of the planned repurchase funds has reached 32.356 billion yuan, of which more than 70 % of the company said that the repurchase shares will implement equity incentives or employee holdings. At the same time, 41 companies will have 41 companies. Express the high recognition of the company's value.

In addition, as of the closing of Monday, the P / Shenzhen 300 index of the CSI 300 index of A -share core high -quality companies was only 10.92 times, the average price -earnings ratio of A shares was 15.197 times, and the average market ratio was 1.388 times. From the perspective of the industry, the dynamic price -earnings ratio of the three industries such as banks, mining and building decoration has been less than 10 times.

For investors, you should refuse to be tangled and firm in your long -term confidence. (Zhao Ziqiang)

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