Disk observation
As of the close, the Shanghai Composite Index reported 2,939.32 points, down .5%, and the Shenzhen Component Index reported 9,681.54 points, down .66%; The Chuangzhi Index reported 1684.8 points, down .15%. On the disk, digital currency, semiconductors and smart speakers are among the top gainers, while rare earth permanent magnets, e-sports and industrial hemp are among the top losers.
outlook for the market outlook
under the weak consolidation of the market index today, some blue-chip stocks are still out of the sharp rising market. For example, the semiconductor sector broke out strongly, and the strong stocks that were fully adjusted in the early stage hit a new high in the stage. The disclosure of the third quarterly report is coming to an end, and the market of the third quarterly report is also coming to an end. The valuation of individual stocks whose previous valuations do not match their performance will return to a reasonable position, and the risk of performance thunder will be fully released. Risks such as IPO expansion and reduction and lifting of the ban are also expected to be released, and the third quarterly report forms certain expected support for the fourth quarter and annual results. The market is in a vacuum period of important meetings, the blockchain has cooled down, and local structural opportunities have become more prominent. Diversion of funds will return to the mainstream investment of performance and value, and logically choose excellent varieties to attack. Some outstanding stocks with performance exceeding expectations still have opportunities after the break.
in terms of funds, the entry of medium and long-term funds into the market is expected to bring continuous incremental capital effect to the A-share market. According to the statistics disclosed by listed companies, the total market value of A shares held by insurance in the second quarter of 219 was 1.34 trillion yuan, and the total market value of A shares held by social security funds (social security and enterprise annuity) was 28.486 billion yuan. By the end of 218, the total assets of social security funds were 2.24 trillion yuan, and the asset management scale of insurance asset management institutions reached 15.56 trillion yuan. If the static calculation is limited according to the stock investment ratio of 4% and 3% respectively, the maximum incremental capital scale can reach 4 trillion yuan. By the end of September, 18 provincial and municipal governments had signed entrusted investment contracts with the Social Security Fund, with a total contract value of 966 billion yuan, of which 799.2 billion yuan had been received and started to invest, and there is still great room for improvement in the future.
Operation strategy
The disclosure of the third quarterly report is coming to an end, and the valuation of stocks with mismatched valuation and performance will return to a reasonable position, thus fully releasing the risk of performance thunder. Basic technologies and safety governance industries with less attention in the blockchain may become more cost-effective investment directions. Wen Fu, investment consultant, with practice certificate number: S2661156.