Disk observation On Wednesday, the three major A-share stock indexes opened with mixed gains and losses, but basically showed a pattern of opening lower and moving higher, and ended at a relatively high level throughout the day.

The total transaction volume of the two cities was 788.159 billion; the net purchase volume of northbound funds was 2.008 billion.

Disk observation: New energy vehicles, coal, pharmaceuticals, semiconductors and brewing sectors were among the top gainers; while public transportation, telecommunications operations, banks and other sectors performed poorly.

As of the close: the Shanghai Stock Exchange Index rose 0.42% to close at 3457.07 points; the Shenzhen Component Index rose 0.94% to close at 14398.38 points; the GEM Index rose 2.16% to close at 3050.58 points.

Outlook: There are still two final trading days before the May Day holiday. Investors in need of funds may choose to sell on Thursday, which will put some pressure on funds. However, considering the current market environment and technical support, it is expected that

There is not much pressure; and northbound funds have been net buying for 4 consecutive days (the total net buying in the four days is 16.583 billion yuan), which also shows that foreign investors are not pessimistic about the current position of A-shares; so overall, it is expected that the stock index will have a high probability before the holiday

It will not make directional choices and still maintain a shrinking range with insufficient upward momentum and strong downward support. Do not chase the rise or sell the fall!

In fact, this wave of market recovery and rebound since mid-April is mainly due to two reasons: First, the U.S. ten-year Treasury bond yield, the "valuation anchor of U.S. stocks," has fallen again, which has reversely pushed up the valuation recovery of U.S. stocks.

In turn, it has also led to the valuation restoration of the A-share growth sector (especially the GEM); secondly, the release of quarterly reports of A-share listed companies and public funds has caused market institutions to re-examine and think about the early "trampling of group stocks".

And readjusted the trading strategy.

Judging from the quarterly reports of public funds, fund managers with multiple top positions have not been affected by periodic market fluctuations and the sentiment of "denial of group stocks", but have demonstrated strong strategic stability and consistency in stock selection.

In particular, industries such as food and beverage, medicine, semiconductor electronics, etc., which have high performance certainty and industry prosperity, are still the sectors with the highest proportion of fund allocation, and the allocation focus of some industries is still moving upward.

However, it must be pointed out that institutional allocation ideas are more long-term (more than one year or even several years). During this period, a variety of professional investment tools and operating methods will be combined. It is not recommended for ordinary investors to simply follow the trend.

The operating strategy predicts that the stock index will most likely not make directional choices before the holidays, and will still maintain a range-shrinking shock with insufficient upward momentum and strong downward support. Do not chase the rise or sell the fall; institutional allocation ideas are more long-term, and during this period,

It will combine a variety of professional investment tools and operating methods, and it is not recommended for ordinary investors to simply follow the trend; as for our recommended allocation, the general concept direction is still procyclical + carbon neutral, and in terms of industry sectors, it is recommended to focus on new energy, semiconductors, and military industry

Upstream and medical care.