Daoda Investment Notes: The market is accelerated!Be sure to pay attention to three points

Last weekend, the National Financial and Development Laboratory and the Institute of Finance of the Chinese Academy of Social Sciences held a symposium on the reform of a comprehensive registration system, which may mean that the A -share comprehensive registration system will be faster than expected.

Dago felt that this would reshape the market ecology, so we should try not to touch the junk stock.

Photovoltaic battery sector leads up

It should be said that the performance of the entire stock market yesterday was very good. Especially the Hong Kong stocks, the Hang Seng Technology Index rose 4.71%. It will be better.

Tencent Holdings Holdings November Africa Naspers Group plans to reduce its holdings of the company and sell it a little every day to raise the funds required to repurchase the shares of the group.

I did n’t say how much reduction, but the amount sold per day does not exceed 3%to 5%of the average turnover. At present, the average daily transaction amount of Tencent Holdings is around HK $ 9 billion, which means that the Naspers Group is about 400 million Hong Kong dollars a day. The number of daily is not large, but the emotions must be affected.

Compared with Hong Kong stocks, although the performance of A shares is not so good, it is also remarkable. The Shanghai Stock Exchange Index jumps high, and there is a slight diving in the market. However, from the feedback from the market, it does not cause emotional panic, indicating that it is still the idea of ​​light index heavy stocks.

The increase in the photovoltaic battery sector is mainly due to the Longji Green Energy (SH601012, the stock price of 64.35 yuan, and the market value of 487.653 billion yuan) Silicon heterolytic Kitz Voltage battery (HJT) research and development of the development of major breakthroughs. The M6 ​​full -size battery photoelectric conversion efficiency reached 26.50%, creating a new world record of large -size single crystal silicon optical battery efficiency.

This news is similar to the Kirin battery last week. With more advanced technology, it can have a larger market. Our photovoltaic and lithium batteries are competitive globally, so individual stocks in these two directions are very good.

At the moment, this wave of new energy sector has been greatly increased. Some of the funds on the field choose to sell them, and some off -site funds go to pick up the inventory. When this long and short parties greet each other, you said that in this position, it is difficult to say how big the gain will increase in the short period of time.

The performance of the big consumption direction is also very good. Food processing, aviation airports, and tourism hotels have risen. Resolutely prevent excessive epidemic prevention. Of course, you can also interpret it from the perspective of capital rotation.

Or there is a risk of rushing to fall

Comprehensive on the face of yesterday, Da Ge felt that the following three points need to pay attention to:

The first point is that from the perspective of the index, there are obvious signs of acceleration. Such an empty market is tortured for those who are empty. Continue to empty, the purpose is nothing more than persecution of funds outside the field to chase high! However, it has continued to accumulate a considerable profit tray, stacked the stacking duct, and the short -term risk of risk is not ruled out in the short term.

Dago's point of view is unchanged. At this time, chasing in at this time, there is no cost -effective from the perspective of risk income ratio. After acceleration, the probability of significant fluctuations is higher.

According to the previous characteristics of A shares, the lack of nourishing is a high probability event. What Dago hopes is that the gap must be supplemented as soon as possible; the more it is pulled up, the more backup, which means that the adjustment is more, which is a greater test for ordinary investors. If you don't have time to avoid it This risk may lose a lot of profits in the short term.

However, the adjustment here is just short -term. Even if the Shanghai Stock Exchange Index returns to 3200 points, it is also horizontal, and the rhythm changes in the sector will occur. What we have to do is to respect the market and conform to the choice of market funds.

The second point is that from the perspective of the sector, yesterday's market is relatively chaotic. Circuit stocks, large consumption and resource stocks dance, big consumption and track stocks have a tendency to compete for market attention, but the current market is still There are no obvious style of changes. On the one hand, the track stocks will not be easily given up. On the other hand, big consumption also needs to prove itself.

According to the thinking of rotation in the past, this transformation has never been smooth sailing, and investors will go through the point of view of back and forth. To the distance, you can go back to the 2014 brokerage stocks and GEM; to the closer, you can review semiconductors and liquor in the first half of 2020. This switch requires market fluctuations to verify.

The third point is that in the automotive and its industrial chain, some junk stocks and even marginalized tickets have begun to make up. This actually needs to be careful. Some stocks even hit the daily limit of "20cm". Generally, the rotation idea inside the sector is to fight the faucet first, then the white horse, then the middle reaches, and finally the junk stock. Yesterday, the garbage stocks inside the sector rose sharply. It was not that this sector could not be played. It was just prepared for both hands and remained soberly and drunk.

(Zhang Daoda)

According to the latest regulations of relevant national departments, this note does not involve any operating suggestions, and the risk of entering the market should be borne.

Daily Economic News

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