今日视点 发布日期：2024 年 09 月 05 日 星期四 爱建证券有限责任公司 研究所 市场策略 产品经理：侯英民 股指延续弱势调整 沪指失守 2800 点 执业编号：S0820510120003 Tel: 021-68727288 周三沪深股指延续弱势震荡调整，前市股指双双低开后即呈现逐级震荡下 E-mail: houyingmin@ajzq.com 行走势，代表人气的双创指数一度快速反弹翻红但最终依然难敌空方抛压重回 跌势，盘中上证指数和沪深 300 以及上证 50 指数均再创近期调整新低。全天 固态电池卷土重来表现活跃略显强势，医药板块整体反弹，消费电子整体出现 调整。板块方面继续分化，其中医药商业、教育和固态电池板块表现略显活跃 涨幅居前，石油采掘、消费电子和通信服务板块整体出现调整，个股涨少跌多。 最终沪深两市收盘涨跌互现，全天两市成交量 0.58 万亿继续快速锐减，市场 参与度延续下降趋势。 本周股指几乎复制了前几周上半周的走势呈现出震荡调整走势，市场做空 力量有所增加，尤其前期维稳的银行权重板块出现整体补跌，唯一不同的是本 周市场风格开始发生悄然改变，市场总体表现为题材概念略显活跃权重金融连 ...

Core Insights - The report indicates a market rebound with the Shanghai Composite Index closing at 2,842.21 points, reflecting a weekly decline of 0.43%, while the Shenzhen Component Index rose by 2.04% to 8,348.48 points, indicating a recovery in market sentiment after a prolonged downturn [2][8]. - The report highlights a significant style shift in the market, with low-positioned sectors becoming active while high-positioned sectors are experiencing declines. Notable gainers include companies in the Huawei supply chain and Western development, while sectors like finance and infrastructure are underperforming [11][16]. - The overall valuation level of the market is considered low, with the average PE ratio for all A-shares at 15.37 times, suggesting a high margin of safety as earnings growth is recovering [15][16]. Market Performance - The report details the weekly performance of major indices, with the Shanghai Composite Index at 2,842.21 points, the Shenzhen Component at 8,348.48 points, and the ChiNext Index at 2,039.79 points, which saw a weekly increase of 2.93% [8][11]. - Trading volumes were substantial, with the total transaction amount for the week reaching 12,880.92 billion yuan for the Shanghai market and 17,303.33 billion yuan for the Shenzhen market, indicating increased market activity [8][11]. Sector Analysis - The report identifies active sectors such as electronics, new energy, and gaming, while sectors like banking and construction are lagging behind. The shift in market style reflects a change in risk appetite among investors [11][16]. - The report emphasizes the importance of monitoring the sustainability of these style shifts and the potential for sector differentiation as the market evolves [11][16]. Investment Strategy - The report suggests focusing on trading opportunities in the short term, particularly in technology and consumer sectors that align with new productivity directions, as these areas are expected to benefit from favorable policy drivers [16]. - It is recommended to maintain a cautious optimism regarding market participation, especially in low-positioned sectors that are likely to see increased investment flows [16].

电子元器件 市场周报 | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------- ...

爱建证券有限责任公司 研究所 市场策略 产品经理：侯英民 股指弱势震荡调整 双创指数领跌市场 执业编号：S0820510120003 Tel: 021-68727288 周三沪深股指弱势震荡调整，股指前市低开后基本在前一天收盘指数下方 E-mail: houyingmin@ajzq.com 震荡波动，全天代表人气的双创指数表现较弱领跌市场，创业板指再创近期调 整新低。全天 AI 眼镜概念集体走强，大基建概念冲高回落，多空双方均表现 谨慎。板块方面延续分化，其中游戏、消费电子和文化传媒板块表现略显活跃 涨幅居前，风电设备、生物制品和航天航空板块整体出现调整。最终沪深两市 收盘均小幅下跌，全天两市成交量 0.47 万亿基本持平维持在地量水平，市场 短期情绪持续低迷。 虽然外围市场均出现不同程度的反弹，但 A 股依然还是按照自身的属性 延续上周股指震荡调整势头，周三股指全天表现弱势基本在低位震荡徘徊，人 气指数率先领跌市场做多力量极为有限，板块脉冲缺乏持续性市场追随意愿不 强，股指全天基本呈现弱势震荡整理走势。近阶段政策面暖风频吹，央行、证 监会等部门持续发声并出台相关措施，落实国常会部署要求，着力稳市场、稳 信心 ...

⑤ 爱3 今日视点 发布日期：2024 年 08 月 13 日 星期二 爱建证券有限责任公司 研究所 日市场策略 产品经理：侯英民 股指弱势震荡调整 成交再创多年地量 执业编号：S0820510120003 Tel: 021-68727288 周一沪深股指延续弱势荡调整,股指低开后全天基本围绕前一天收盘指数 E-mail: houyingmin@ajzq.com 下方震荡波动,盘中深圳成指和创业板指数再创近期新低,全天新冠医药股集 体走强,环保板块表现活跃,而上周有所表现的房地产板块出现集体回落,多 空双方表现谨慎参与意愿明显下降。板块方面延续分化,其中环保设备、新冠 药和医疗器械板块表现略显活跃涨幅居前,房地产、教育游戏和旅游酒店板块 整体出现调整。最终沪深两市收盘均微幅下跌,全天两市成交量 0.49 万亿再 创多年地量，市场短期情绪极度低迷。 中共中央、国务院印发《关于加快经济社会发展全面绿色转型的意见》, 作为中央层面首次对加快经济社会发展全面绿色转型进行系统部署,《意见》 对新能源汽车、风电、光伏等赛道都有重点部署,同时强调坚决遏制高耗能、 高排放、低水平项目盲目上马,坚决控制化石能源消费,"十四五" ...

今日视点 发布日期：2024 年 08 月 13 日 星期二 爱建证券有限责任公司 研究所 市场策略 产品经理：侯英民 股指弱势震荡调整 成交再创多年地量 执业编号：S0820510120003 Tel: 021-68727288 周一沪深股指延续弱势荡调整，股指低开后全天基本围绕前一天收盘指数 E-mail: houyingmin@ajzq.com 下方震荡波动，盘中深圳成指和创业板指数再创近期新低，全天新冠医药股集 体走强，环保板块表现活跃，而上周有所表现的房地产板块出现集体回落，多 空双方表现谨慎参与意愿明显下降。板块方面延续分化，其中环保设备、新冠 药和医疗器械板块表现略显活跃涨幅居前，房地产、教育游戏和旅游酒店板块 整体出现调整。最终沪深两市收盘均微幅下跌，全天两市成交量 0.49 万亿再 创多年地量，市场短期情绪极度低迷。 中共中央、国务院印发《关于加快经济社会发展全面绿色转型的意见》， 作为中央层面首次对加快经济社会发展全面绿色转型进行系统部署，《意见》 对新能源汽车、风电、光伏等赛道都有重点部署，同时强调坚决遏制高耗能、 高排放、低水平项目盲目上马，坚决控制化石能源消费，"十四五"时期严格合 ...

Market Overview - The report indicates that the stock indices in the Shanghai and Shenzhen markets experienced wide fluctuations, with the indices closing nearly flat after a day of volatility. The Shenzhen Component Index and the ChiNext Index reached recent lows during the day, while the consumer sector showed strong rebound performance, particularly in the vitamin and pharmaceutical sectors [1] - The report highlights that after a global market downturn, the Japanese central bank's deputy governor signaled a dovish stance, which helped to ease global market fears and led to a two-day strong rebound. However, the A-share market still faced resistance in its rebound, showing a wide range of fluctuations and a lack of sustained momentum in sector hotspots [1] - Recent policy measures from regulatory bodies like the central bank and the China Securities Regulatory Commission aim to stabilize the market and investor confidence, addressing malicious short-selling behaviors and enhancing market supervision [1] Economic Context - The report notes that the global economic environment is becoming increasingly complex, with rising geopolitical tensions and trade protectionism affecting market stability. The ongoing conflicts in Ukraine and the Middle East, along with the U.S.-China tensions, are contributing to increased uncertainty in the capital markets [1] - The U.S. Federal Reserve's stance on maintaining restrictive policies is highlighted, with indications that interest rate cuts may be on the horizon as inflation rates are not expected to reach the target of 2% soon. This could lead to increased volatility in the U.S. Treasury market and affect global economic conditions [2][3] Sector Analysis - The report identifies specific sectors showing varied performance, with agriculture, vitamins, and liquor sectors performing relatively well, while previously active sectors like education, aerospace, and automotive are experiencing adjustments [1] - The report emphasizes that the market is currently characterized by a structural rotation, with limited new capital inflow and a focus on existing capital competing for returns. This has resulted in a low market participation level and a lack of sustained bullish sentiment [3] Company Insights - The report provides insights into specific companies, such as Qu Mei Co., which is recognized for its high-quality wooden furniture and strong brand influence in the domestic market. The company aims to provide comprehensive home solutions with a focus on stylish and original designs [6][10] - Guangsheng Tang is noted for its leading position in the antiviral drug market for hepatitis B, with significant revenue growth from 126 million to 254 million from 2012 to 2014, reflecting a compound annual growth rate of 42.23% [14][18] - The report also mentions the expansion plans of Lao Baixing, a pharmacy chain with a strong market presence in several provinces, aiming for aggressive growth in the next three to five years [22][26]

今日视点 | --- | --- | |-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

今日视点 发布日期：2024 年 08 月 07 日 星期三 爱建证券有限责任公司 研究所 市场策略 产品经理：侯英民 股指反弹受阻震荡 板块分化量能萎缩 执业编号：S0820510120003 Tel: 021-68727288 周二沪深股指反弹受阻宽幅震荡，股指前市高开后略有上冲即呈现逐级震 E-mail: houyingmin@ajzq.com 荡调整走势，指数方面代表人气的双创指数表现略强于主板市场，全天教育概 念延续强势表现活跃，光伏概念展开全面反弹，临近收盘半小时短线抄底盘逐 渐涌出推动股指震荡回升由绿翻红。板块方面开始出现分化，其中教育游戏、 风光电设备和化学制药板块表现略显活跃涨幅居前，铁路公路、保险银行和汽 车整车板块整体出现调整。最终沪深两市收盘均微幅上涨，全天两市成交量 0.65 万亿明显减少，市场量价依然延续背离。 经历了全球股市黑色星期一，周二亚太股指出现强劲反弹，A 股开盘虽表 现同步跟随但整体还是按照自身特性呈现出反弹受阻宽幅震荡的走势，盘中沪 指再创近阶段调整新低，板块热点出现明显分化题材概念表现略显活跃，市场 做空力量相对减少恐慌气氛有所收敛，但投资者的避险需求依然不减。近阶 ...

今日视点 | --- | --- | --- | --- | |-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...