The three major stock indexes of A shares rose collectively.GEMMore than 1%, the film and television stocks dive, the new culture, Hengdian film and television fell more than 9%, the light media fell more than 8%, Jinyi film fell more than 7%.
Analysts pointed out that the current value of blue-chip stocks is favored by the market, and the increase in risk appetite is conducive to pushing up the index. At the same time, with the accelerated inflow of foreign capital and the popularization of the section of the science and technology board, the market has a high probability of having a “red envelope” after the Spring Festival.
Huatai Securities pointed out that under the favorable effect, the "spring turmoil" in 2019 was earlier than in previous years. The China Merchants Securities Strategy Team said that with the warming of policies and liquidity, the market rebound is expected to continue. The CITIC Securities Strategy Team also believes that the rebound in February is expected to continue due to improved risk appetite and liquidity.
Haitong Securities Chief MacroAnalystJiang Chao said that the current A-share valuation is at a historically low level and is also at a relatively low level in the world. With the gradual landing of larger tax reductions and fee reductions and the active release of financial risks, A-shares are expected to usher in the spring.
Dongxing Securities said that due to the wrong period of the Spring Festival, consumption and investment data moved forward. This means that consumer stocks still have a good selling time after the holiday with the year-on-year high growth of monthly data. The investment data is accompanied by policy blessings, and in February it is expected to become an excellent window for the whole year.
Great Wall Securities further pointed out that the previous marketPerformanceIt is expected to be more pessimistic. It is a good thing to focus on the “detonation” after the medium and long term. Looking back, the market’s fundamental concerns are lack of relevant data verification; the central bank’s willingness to protect funds is strong, and wide credit and support for real economic policies are expected. Continuation; relevant rules of the science and technology board have been released intensively, and will surely set off a wave of investment boom; at the overseas level, the Fed further releases the dovish signal for domesticcurrencyThe policy frees up more space.
Minsheng Securities stressed that since the rebound at the beginning of the year, the overall weighted stocks performed better than the growth stocks. The market is rotating faster. Under the background of rising foreign capital inflow expectations and rising market risk appetite, heavyweights and growth stocks are expected to perform well in February. As the company is expected to set a higher investment threshold, and the company is expected to have a higher valuation, the company's valuation of A-share technology stocks is expected to have a positive impact. Growth stocks are lagging behind at the beginning of the year and have greater flexibility. It is recommended to focus on computer and electronics industry growth stocks. The automobile and home appliance industries have fallen by more than 30% in the past year, 2018Q4fundThe position shows that the allocation of funds in the two industries is not too high. Under the expectation of foreign capital inflows and stimulus policies, the heavyweights in the automobile and home appliance industries still have room to rise.