Monday, A shares of the three major indices fell collectively, of which the GEM index led the decline. As of the close, the Shanghai index fell 0.60%, the GEM index fell more than 1%, narrowly guarded 2700 points.
Yesterday's disk, the previous strong wind power, photovoltaic, energy storage and automotive industry chain led the fall of the two markets, Dajin Heavy Industry, Gannon shares and other high popularity stocks fell. On the other hand, the real estate industry chain ushered in a rebound, kitchen and bathroom appliances, home, real estate development and other plates rose.
Previously strong track fell ahead
Yesterday, photovoltaic, wind power, new energy automobile and other track plate full line of decline, Yamatom, Gannon shares and other stocks fell. Photovoltaic equipment plate, the whole of the energy, core energy technology, China to shares and other stocks are substantially weaker.
After-hours trading data show that a number of high popularity shares were institutional funds profit-taking. Yesterday's leading wind power shares Dajin Heavy Industry fell, its Longhu list data show that the deep stock pass buy 85.1 million yuan and sold 50.36 million yuan, 4 institutional seats sold a total of 139 million yuan. Auto parts plate Guangdong Hongtu by 1 institutional seats sold 19.1957 million yuan.
Xingye Securities chief strategy analyst Zhang Qiyao believes that after a sharp rise in the previous period, new energy, semiconductors, military and other track stock congestion rose significantly, is the main reason for the recent stock price volatility. He said that with the market shock and style rotation dispersion, track stock congestion has been weakened, and half-yearly performance forecasts show that the new half of the military is still high boom direction.
Yinhua fund manager Li Xiaoxing said, looking forward to the second half of the year and next year, the new energy in the electric vehicle midstream materials and photovoltaic manufacturing is relatively more cautious, relatively more optimistic about the electric vehicle, part of the midstream material segments, green power operators, energy storage industry chain and part of the wind power parts.
Property stocks against the trend of warming
Yesterday, the real estate sector against the trend of strong, Sunshine City rose, Shirong Zhaoye, blue light development and other shares to follow up. Supported by favorable policies, the real estate market has improved significantly since June, hot cities and hot areas of the sales recovery accelerated the pace of supply and demand slightly improved.
The National Bureau of Statistics released the June commodity residential sales price changes show that the first-tier cities, new commodity residential sales prices rose 0.5%, or 0.1 percentage points more than in May; second-hand residential sales prices ring from flat in May to rise 0.1%. In second-tier cities, sales prices of newly built commercial residential properties turned from a decline in May to an increase of 0.1%; sales prices of second-hand residential properties dropped by 0.1% from a year earlier, with the rate of decline narrowing by 0.2 percentage points compared with that of May.
Research institutions have also released bullish signals. Huaxi Securities real estate team believes that the June real estate data as a whole showed some signs of recovery, showing that a series of easing policy effect is beginning to show, the fundamentals are expected to recover; on the other hand, although the bottom of the data stabilized, but the absolute growth rate is still poor, the future of real estate plate valuation repair is a long way to go.
Balanced allocation into institutional **** knowledge
Markets from the unilateral repair period into the oscillation period, in the growth style has accumulated not a small increase in the recent A-share market, real estate, coal, and other value plate performance is strong and the growth style of the decline of the differentiation trend.
Some brokers believe that the market needs a balanced allocation of value, growth style plate. CITIC Securities chief strategy analyst Qin Peijing suggested that continue to adhere to the growth of manufacturing, pharmaceutical and consumer balanced configuration. Semi-annual report disclosure period in the latter part of the expected growth plate market may be more skewed towards semiconductor and military; pharmaceutical industry or ushered in a stage of valuation repair market. Consumption plate is recommended to pay attention to two main lines: one is the airline, hotel, catering, tourism, etc.; the second is to maintain a high degree of boom in the subsectors, such as white wine, small household appliances, beauty industry chain, human resources services and so on.
At the current stage investors need to remain patient, relative returners can consider a balanced allocation of growth, absolute returners can consider a neutral position. CITIC CITIC chief strategy officer Chen Guo said, specifically, you can moderate balanced allocation in the growth style main line of boom is expected to be stable or good medical, consumer growth stocks; for the fundamentals of the expected stability, benefited from the direction of the cost of the downward trend can also be considered to increase the allocation.
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