A -share noon review: the concept of the index in the early trading of the monkey acne rising

On July 25, the three major indexes fluctuated down early. As of the afternoon, the Shanghai Index fell 0.71%, the Shenzhen Index fell 0.94%, and the GEM index fell 1.33%. More than 3,300 stocks in the two cities fell, and the half -day turnover of the Shanghai and Shenzhen cities was 549.1 billion yuan. The northbound funds sold 4.442 billion yuan in half a day.

On the disk, the concept of the monkey acne concept is strong, and Hua Ren Pharmaceutical rose more than 13%. "Urban public health events", 75 countries and regions have reported to WHO more than 16,000 cases.

On the sector, the concept of monkey acne, real estate development and other sectors have risen before, and the battery and vehicles are green.

CICC believes that the current market stage is in the inspection period after a strong rebound at the end of April. The two -way fluctuations and lack of trends are still performed. The follow -up market trend requires comprehensive consideration of domestic growth and restoration. Growing the policy environment, local epidemic situation, the impact of the decline of major overseas countries on China, and so on. The market trend is not pessimistic in the medium term. The current Chinese -foreign policy cycle continues to reverse, and it is still expected to support the relatively toughness of the Chinese market's relative overseas. In terms of configuration, we continue to recommend areas with low macro correlation or policy support. After continuously rebounding the growth style, the cost performance will be weakened. Subsequent fluctuations may begin to increase. Essence

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