Latest Price: 3299.7
Price Change: 19.44
Percentage Change: 0.59%
Trading Volume: 596 million hands
Transaction Amount: 677.3 billion
Turnover Rate: 1.28%
Shanghai Stock Index
Leading Gainers
Market Capital Flow
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Enter Shanghai Stock Index
Leading Industries:
1. Photovoltaic Equipment
Increase: 9.01%
Rising: 76 companies
Falling: 0 companies
Leading Stock: TCL Zhonghuan
Increase: 10.04%
2. Batteries
Increase: 6.33%
Rising: 74 companies
Falling: 1 company
Leading Stock: Fengyuan Shares
Increase: 10.01%
Recently, the autumn strategy meetings of securities firms have been held intensively, and market strategy judgments from various institutions have been released one after another. Securities firms generally believe that positive factors in the A-share market are continuously accumulating, high-quality development of the capital market is advancing, market valuations are at a historical low, and investment value is highlighted.
The author believes that the judgments of securities firms on economic conditions, macro policies, industry and sector investment opportunities, market valuations, and allocation value provide important reference for investors. From a macroeconomic perspective, securities firms generally agree that under the impetus of continuous policy efforts and economic structure adjustment, China’s economy will achieve stable growth.
This positive judgment has strengthened investor confidence. In particular, incremental policies, such as reserve requirement ratio cuts, interest rate reductions, reduction of existing mortgage loan rates, and acceleration of special bond issuances, are seen as important drivers for A-share valuation repair. Institutions like Huaxi Securities believe that if incremental policies can effectively boost market confidence, A-shares are expected to move towards a volume-driven market.
At the industry and sector level, the autumn strategy meetings of securities firms reveal multifaceted investment opportunities. Currently, vigorously promoting the construction of a modern industrial system and accelerating the development of new quality productive forces have become top priorities. This also brings opportunities for industry development and investment: new industries such as new-generation information technology, aerospace, and new energy are facing broad prospects.
At the same time, traditional industries are also accelerating their transformation and upgrading towards high-end, intelligent, and green directions, providing investment directions for the market. The proactive research actions of securities firms also confirm this point, as sectors with higher research frequency since September include electronics, semiconductors, and artificial intelligence industries.
In addition, the A-share market mergers and acquisitions are gradually becoming active, with the continuous advancement of hard technology enterprise mergers and central state-owned enterprise professional integration. Against this backdrop, investment opportunities related to high-end manufacturing and state-owned enterprise reform are also highlighted by securities firms. Moreover, the autumn strategy meetings of securities firms also released an important signal: the current valuations of A-share main indices have reached or approached the historical bottom recognized since 2000.
Securities firms widely believe that the overall valuation level of the current A-share market has entered the area of value investment. At the same time, listed companies have increased their repurchase efforts, indicating that the investment value of a considerable number of high-quality A-shares has been recognized. Moreover, A-share listed companies have intensified dividend distribution, with all A-share listed companies implementing or declaring mid-term profit distribution (including first-quarter and semi-annual reports) amounting to a significant year-on-year increase.
Dividend amounts in multiple industries have grown by over 100% year-on-year, sending a positive signal to investors and helping to stabilize market expectations. Overall, positive factors both inside and outside the A-share market are gradually accumulating: domestically, the Central Political Bureau meeting held in July and other events have released positive signals, emphasizing the boosting of investor confidence and the enhancement of the intrinsic stability of the capital market; internationally, the attractiveness of Chinese assets has significantly increased, with a clear trend of global funds flowing into the Chinese market.
The author believes that the continuous effect of policy combinations will gradually improve the supply and demand relationship of the stock market, and the A-share market is expected to usher in a turning point. Confidence is as valuable as gold. What the securities strategy meeting reveals is not only a rational judgment of market valuation and current status but also a firm confidence in the future development of the capital market!
