On Monday, the stock indexes of the two cities collectively pulled back, and the three major indexes all closed at the negative line. The turnover of the two cities was 537.2 billion yuan. Disk observation, ST concept, high delivery, handicrafts and other sectors were among the top gainers, while chicken concept, intellectual property rights, domestic software and other sectors were among the top losers. There were 46 daily limit and 33 daily limit in the two cities, and the net inflow of northbound funds was 65.438+74.9 billion. At the close, the Shanghai Composite Index reported 2962.75 points, down 1.42%, the Shenzhen Component Index reported 1056.2 1 point, down 1.69%, and the Shanghai Composite Index reported 1736.62 points.
market outlook
Affected by the bad news such as the reduction of large funds over the weekend and the IPO of Beijing-Shanghai high-speed rail, the stock indexes of the two cities once surged and turned red under the leadership of the brokerage sector in early trading today. However, due to the inability to follow up the trading volume, bank brokers collectively stepped back on the plunge index, and the Shanghai Composite Index fell below the 10 moving average again, focusing on technical support below 2950 points in the short term. Consumer electronics products continue to face pressure. Due to the expiration of the five-year period of the National Integrated Circuit Industry Fund, some stocks announced plans to reduce their holdings, which caused obvious emotional pressure on high-level hard-core technology stocks; In terms of sectors, only low-valued building materials sectors have better resilience. After the last round of large-scale speculation, technology growth stocks have accumulated a large increase. Affected by the news that China and the United States have reached the first-stage agreement and large funds will reduce their holdings, they will be adjusted in the short term, but the trend of independent innovation and domestic substitution will remain unchanged in the medium and long term. The state's support policies for integrated circuit enterprises are also increasing. The larger second-phase large fund of 204,654.38 billion has been established. With the advent of the 5G construction cycle, the domestic chip industry chain and related industries will continue to usher in a new wave of development opportunities, and the semiconductor sector will not change its medium and long-term investment value. Any stock price correction caused by non-commercial fundamentals is a buying opportunity. However, next year's opportunities need to pay more attention to actual performance rather than valuation, because the excavation of valuation this year has been fully hyped, and actual performance growth and business development are the cornerstones for the sustained growth of technology growth stocks in the future.
Operation strategy
? Strategically, short-term suggestions can pay due attention to the low-valued building materials sector and precious metals sector under risk aversion, and the mid-line will continue to wait for the low-absorption layout opportunities of technology growth stocks and consumer value stocks after short-term full adjustment. Luo limin, investment consultant, with the practice certificate number s0260611kloc-0/065438.