On Thursday, the stock index opened higher and went lower, and the three major stock indexes were mixed, with a turnover of1085.2 billion. On the disk, non-ferrous metals, coal mining, petroleum industry, fertilizer industry and other sectors were among the top gainers, while the brewing industry and medical industry were among the top losers. The daily limit of the two cities is 132, with 8 daily limit. The net inflow of northbound funds is 5 1 100 million. The Shanghai Composite Index rose 0.55% to 3,675.36 points, the Shenzhen Component Index fell 1.22% to15,767.44 points, and the Shanghai Composite Index fell 2.74% to 3,320.14 points.
market outlook
During the Spring Festival holiday, LME copper futures hit an eight-year high, and the prices of crude oil and other commodities rose sharply, which stimulated the pro-cyclical sectors of A shares to rise across the board. At the same time, the shares of funds such as brewing, medicine and food went high and low, and the collective plummeted. The market changed from "919 market" before the holiday to "91market" today, and the holding market that was hotly discussed before the holiday finally collapsed obviously. The core logic is optimistic expectation of economic recovery in the post-epidemic period after vaccine promotion. The recovery of everything, especially the aviation and film and television industries, which were affected by the epidemic depth in the pro-cyclical period and last year, has obviously come out of the trough and needs to be repaired in stages. The turnover once again reached the trillion level, indicating that the market style transformation still maintains a strong feature. Considering the change of market style, from the perspective of capital flow, in addition to the cyclical sectors such as nonferrous metals, coal, oil, insurance, banking and real estate, digital currency, new industries, semiconductor chips and other technology stocks and energy stocks also deserve special attention. Extreme cold weather abroad affects semiconductor production capacity and energy supply, and it is expected to start the oversold rebound of related sectors with the help of style switching, especially from now until mid-April when the annual report and the first quarter forecast are officially disclosed. Of course, the theme of inflation represented by color will remain the main direction throughout the first and second quarters.
Operation strategy
It is suggested to focus on procyclical stocks represented by nonferrous metals and coal, and technology stocks represented by semiconductors, innovative industries and digital economy, and avoid white horse stocks such as liquor, medicine and automobiles on rallies. Luo Limin, investment consultant of GF Securities, with the practice certificate number of 0260611010126.