Shanghai Stock Index swept away today, unilaterally up throughout the day, closed up more than 2%, to recover the 2800 point mark; the GEM index soared 4%, regained 1600 points, creating the largest one-day gain in more than two years. As for the sector, the software sector continued to strengthen. In addition, concepts such as electronic information, medical care, industrial interconnection, and intellectual property rights also topped the list.Note that this sector has been oversold!Click here to grab the rally immediately >>
Today's message surface:
At the morning meeting of brokers today, analysts said that the overall valuation of A shares was close to historical lows and the pattern of market weakness continued.
The short-term rumors bottomed out and the oversold bounce that the market once hoped for did not come on schedule. The institutions that rebounded after improving liquidity in July and August were not optimistic and considered that the margin was limited. This week's continuous downturn has made many institutions more pessimistic, more products approaching balance, and institutional funds continuing to drain. Institutions tend to evade the relevant sector. However, in terms of the annual point of view, it is already in a relatively safe range. Many emerging industry companies can consider the layout.
The Shanghai Composite Index hit a new low on Thursday, although prices did not stop the decline in the previous period, but with the daily repayment of daily financing from the initial more than 20 billion gradually attenuated to less than 2 billion, or even a stage of net buying, The pressure of the pressure plate from the two blends is expected to gradually decrease. Although the RMB exchange rate fluctuates in the recent past, Northbound funds have also started to gradually become a net buyer. The buying of Shanghai Stock Connect capital at the end of Thursday has accelerated. The specific target, especially the A-share market compared to Hong Kong stock discount conch Cement, China Ping An and other stocks from the northern capital buying support is strong.
Sichuan Finance Securities:
From the beginning of February to the end of yesterday, the A-share market has undergone a relatively large-scale adjustment, and the valuations of major indices and sectors have gradually declined. The current PE (TTM) for all A shares/all A shares (non-financial oil and petrochemical)/SM board/GEM is 16.11/23.42/29.85/48.39 respectively, and the historical quintiles are 0.14/0.19/0.21/0.25 respectively; We compare the current valuation with the historically low values of the two indices. Among the major indices, the PE (TTM) of the GEM 50 and the CSI 1000 has been at the lowest point since 2013. . It can be seen that the current valuation of A-shares is close to the lowest point since 2013.
On Thursday (June 28), the broader market oscillated weaker and weaker volume. When the lack of profitability makes it difficult to attract incremental funds, the weak market pattern continues. Rising momentum, falling heavy. Just as the cyclical cycle allows the economy to spit old, the conversion of bull and bear not only brings opportunities for the layout of high-quality companies, but also upgrades the investment concept.
Software sector related funds
|Fund code||Fund abbreviation||Nearly one year earnings||Fees||operating|
|519772||Bank of Communications New Life Vibrant Flexible Configuration Mix||41.92%||1.50% 0.15%||buy Open an account to buy|
|004423||Chinese Business Research Selective Configuration||9.44%||1.50% 0.15%||buy Open an account to buy|
|690007||Livelihood plus silver boom industry mix||7.76%||1.50% 0.15%||buy Open an account to buy|
|519961||Long letter wide mixed A||7.57%||0.80% 0.08%||buy Open an account to buy|