This week, the north -wing fund sells for more than 22 billion yuan. Where is the investment opportunity after A shares fluctuated?

Author:Securities daily Time:2022.07.17

Our reporter Zhao Ziqiang this week, the A -share market fluctuated, the three major stock indexes fell, and the northern direction of funds also showed an outflow, and the total of 220.041 billion yuan was sold. What is the trend of A shares behind the shock? Where is the investment opportunity? Shanxi Securities believes that this week, the global stock market is generally sluggish at the same time as A shares. Overseas inflation has caused currency tightening to rise, and the weakening of demand side has also continued to decline in commodity prices. In China, the epidemic and the real estate market storms the market sensitive nerves, and the financial, real estate chain and consumer segments have continued to decline continuously. At present, high -frequency wheel movements and high -low switching in the sector who have experienced several hot topics, the market confidence is insufficient, the risk appetite is down, and the money -making effect is low. The hotspots are mainly concentrated in the new energy -based high -growth sector. We judge that the market needs a certain time to return to value. It is recommended that the layout policy is directed with a long -term strategic section, and actively pays attention to the ecological industry chain, new energy and new infrastructure related track leaders. Western Securities said that the current market is not fragile, and there will be no rapid decline in the market in the first half of the year. The vulnerability of the market comes from the level of valuation, the transaction structure and risk income match. Compared with the first half of the year, various risk factors have been fully released, and maintaining sufficient patience will usher in the real opportunity. The market will still face more repeated markets in the second half of the year. The index level may be better than the end of April. For relative gain investors, the certainty of grasping style in the second half of the year will be even more important. Short -term consumption (agricultural, forestry, animal husbandry, home appliances, textiles, food and beverages), and infrastructure chains (environmental protection, public undertaking, architecture, etc.), which are expected to benefit from the expected growth of stable growth policies. In the middle period, inflation is still the most important investment line of the year. It continues to pay attention to pan -agricultural agriculture that benefits from inflation (planting and breeding, fertilizer pesticides, agricultural cold chain logistics, agricultural mechanization, etc.), and agricultural mechanization), as well as Stable food and beverages, home appliances and medicine consumer industry leaders. 1. The A-share market of the stock market: This week (July 11-July 15, the same below), the three major A-share stock indexes fell across the board. The Shanghai Stock Exchange Index fell 1.64%, at 3228.06 points; the Shenzhen Stock Exchange Index fell 1.52%, at 12411.01 points; the GEM refers to the weekly decline of 2.08%to 2760.50 points. In terms of funds, the cumulative net sales amount of Northbound funds this week reached 22.041 billion yuan. From the perspective of large -scale funds, the 31st category will be sold in the entire line of the industry. Among them, the net outflow of beauty care is 428 million yuan. Table: This week (July 11th-July 15th), the net inflow of funds in the industry in the case of the capital of the industry: Zhao Ziqiang's increase in the increase of the application of the year of the year, this week, there are two types of industries. Among them, electricity, electricity, electricity, electricity. The equipment industry rose 1.15%, and the communications industry became an increase industry at an increase of 0.02%. The deepest decline in the bank category, a weekly decrease of 7.17%, followed by real estate, with a weekly decline of 6.07%. Hong Kong stock market: As of the close of Friday, the Hang Seng Index fell 6.57%this week to close 20297.72 points; the scientific and technological index fell 7.66%at the same time to close 4440.11 points. CICC's strategy also pointed out that in July and the third quarter, the external environment may still be the main volatility of the Hong Kong stock market. It is mainly considered that the overseas market will still be plagued by factors such as sharp tightening, high inflation, and weak potential performance in overseas markets. It is recommended that investors pay close attention to future growth and profit prospects, as well as future policy dynamics, so as to judge the market's further rising momentum. Overseas markets: Due to the slowdown in U.S. inflation and the weakening of super radical interest rate hikes, US stocks opened high on Friday (July 15). As of the close, the Dow Jones Index rose 2.15%to 31,288.26 points; the S & P 500 index rose 1.92%to 3,863.16 points; the Nasdaq Composite Index rose 1.79%to 11,452.42 points. On the weekly line, the Dow fell slightly slightly by 0.16%, the S & P fell 0.93%, and the Nasda Index fell 1.57%. The European and American stock indexes all rose on Friday (July 15), but most of them fell on the week. Due to the weakening of the Fed's super radical interest rate hike, the Dow Jones Index closed up 2.15%, the S & P 500 index rose 1.92%, and the Nasdaq Composite Index rose 1.79%. On the weekly line, the Dow fell slightly slightly by 0.16%, the S & P fell 0.93%, and the Nasda Index fell 1.57%. On Friday, the Asia-Pacific stock market's main stock index was differentiated. The Nikkei 225 index rose 0.54%to 26788.47 points, and the cumulative increase of 1.02%this week; the South Korean KOSPI index rose 0.37%on Friday to 2330.98 points, rising -0.84%. 2. CITIC Securities said that in June, financial data landing in June this week, June economic data and the second quarter GDP landing, MLF and other price sequels, and local cities such as Shanghai, and the interest rate of 10Y Treasury bonds continued to decline.

The main factors of this week are the expectations of the Femented MLF shrinkage sequel and the prediction of the interest rate adjustment of the 10Y Treasury bond rate. In the quarterly GDP's weak readings, local epidemic disturbances, and the market's unstable instability of broad credit repair expectations. This round of the Mavericks market is essentially a staged sharpness. In the next period of time, the incremental incremental profit information is unclear, and sustainability is doubtful. 3. The foreign exchange US dollar index rose for the third consecutive week. It has broken up the two major integers of 108 and 109, refreshing from mid -September 2002 to 109.303. Because the overall inflation of the United States has broke nine, it has provided a new one of the Federal Reserve ’s interest rate hikes to provide a new one new interest rate hike. in accordance with. The euro fell against the US dollar on Wednesday. Europe is working hard to deal with new issues, and the European region decision makers need to make painful and high economic costs. The pound fell against the US dollar on Wednesday. The market was reached as low as 1.1761 since late March 2020.4. The copper price of commodities continued to fall sharply this week. Back. In the case of U.S. inflation exceeded expectations and economic recession, the metal trend, including copper, was weak. CITIC Investment Futures believes that from the perspective of market performance, the world is still at the expected decline of transaction, and the macro -lied factor still plays a leading role in copper prices, and its fundamentals have little impact. Before the global macro environment is improved, the price of copper will still run weakly. Considering that copper prices have been brought back by a large number of, the market decline is expected or staged, and further declines are not high in the short term. In summary, copper prices may be close to the staged bottom area, and the possibility of further falling in the short term is not high. Picture | Site Cool Hero Bao Map.com | Zhang Xin Nucle