金点策略晨报—每日报告 2024 年 9 月 12 日 星期四 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | --- | |-----------------------------------------------------------------------------------------------------|------------------------------------------------| | 【A股大势研判】 | | | 市场分化，成交地量，风格不明，结构机会 | | | 一、周三市场综述 | | | 周三晨早短信提醒，近期市场为何如此弱势？首先，宏观基本面修复压力依旧。 | 8 | | 月制造业 PMI 为 49.1% ，自 4 月后连续 4 | 个月回落至荣枯线下方，这显示经济整体疲软。 | | 其次，通胀数据不济。 8 月 CPI 同比上涨 0.6% ，环比上涨 0.4%；8 月 PPI | 同比下降 1.8% ， | | 环比下降 0.7% 。 ...

英大策略专题（2024年第7期，总第52期）策 略 研 究 英大证券研究所-研究报告-宏观点评 报告日期：2024年9月10日 8 月 CPI 温和回升 | --- | --- | |------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

金点策略晨报—每周报告 2024 年 9 月 9 日 星期一 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | --- | |---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------| | 【A股大势研判】 | | | A 股短期调整不影响中长期向好趋势 | | | 一、上周五市场回顾 | | | | 周五早盘，沪深三大指数开盘涨跌不一，开盘后走势出现分化，沪指受大金融板 | | 块走强的支撑相对偏强，创指半日跌超 1% | 。盘面上看，券商股强势，保险板块震荡走高， | | 沪指收跌近 1% ，创指、深成指跌超 1% | 网约 ...

金点策略晨报—每日报告 2024 年 9 月 10 日 星期二 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | --- | |--------------------------------------------------------------------------------|------------------------------------------------------------------------| | 【A股大势研判】 | | | 红利与资源股大跌，沪指寻求 2700 点支撑 一、周一市场综述 | | | 周一晨早短信提醒，近期 A | 股走弱，最核心的矛盾在于基本面修复不强，市场情 | | 绪缺失且低迷，加上流动性虽有释放预期但迟迟未能落地，市场整体提振动力缺失。存 | | | 量资金博弈下，一旦银行等金融股启动，多数题材股就出现回落，持续性相对较差。短 | | | 期需谨防指数重心再次下行。不过，在持续下跌可能的尾声，一旦下跌幅度加大或者速 | | | ...

金点策略晨报—每日报告 2024 年 9 月 5 日 星期四 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | |---------------------------------------------------------------------------------------------------------------------------| | 【A股大势研判】 | | 沪指失守 2800 点整数关口，美股波动如何影响 A 股？ | | 一、周三市场综述 周三晨早短信提醒，周二沪深三大指数走势分化，沪指飘绿险守 2800 点，不过， | | 深成指与创指涨逾 1% ，板块个股涨多跌少，银行股整体以调整为主，多数题材股迎来反 | | 弹。市场的再次分化表明，在短期持续下跌后，市场调整有所放缓，整体处于酝酿转机 | | 之际，我们应理性看待沪深两市的分化。一方面，市场分化意味着多空意见出现分歧， | | 不利于市场涨跌的一致性；另一方面，分化也说明市场涨跌放缓，在震荡格局下， ...

Market Overview - The report indicates that the recent fluctuations in the A-share market are influenced by weak US economic data and falling oil prices, leading to concerns about global economic health [1] - The A-share market is expected to be affected by short-term sentiment driven by US stock market volatility, but the fundamental impact is deemed limited due to low valuations and a weak domestic economic recovery [1][2] - The overall market sentiment appears to be improving, with a significant number of stocks rising, resulting in a trading volume of 534.8 billion yuan across the two markets [2] Sector Performance - The gaming sector has seen substantial gains, attributed to the application of AI in the industry, which is enhancing cost efficiency and quality. The report suggests that the gaming industry's supply-side improvements will be bolstered by ongoing policy support and the normalization of game approvals [2][3] - The pharmaceutical retail sector is also experiencing growth, despite some chains reporting declining revenues and profits. The report highlights a shift towards high-quality development in the industry, with leading companies expected to benefit from improved market conditions [2][3] - The mobile payment sector has surged, driven by rumors of increased interoperability between major platforms, marking a significant milestone in the Chinese internet industry [3] Investment Strategy - The report emphasizes the importance of recognizing the nature of market differentiation and the current position of the A-share market, which is characterized by structural volatility due to the internal flow of existing funds [4][5] - Different investment strategies are recommended based on investor profiles: strategic investors should focus on low-cost acquisitions, while short-term investors are advised to time their entries according to sector rotations [6]

金点策略晨报—每日报告 2024 年 9 月 4 日 星期三 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------| | 【A股大势研判】 | | | 市场震荡分化格局下，结构性机会可能显现 | | | 一、周二市场综述 | | | 周二晨早短信提醒，周一沪深三大指数集体下跌，板块个股跌多涨少。沪指向 点寻求支撑，创业板指跌近 3% 。虽然 A 股 9 月开门绿，不过，对整个 9 | 2800 月行情无需过分 | | 悲观，市场有望边际改善。首先，美联储 9 | 月份的降息是大概率事件。近期鲍威尔在全 ...

Market Overview - The A-share market is expected to see marginal improvement in September, despite a weak domestic economic recovery and lack of substantial overseas liquidity release [1][3] - On September 2, major indices in the A-share market collectively declined, with the Shanghai Composite Index down 1.10% to 2811.04 points, and the Shenzhen Component Index down 2.11% to 8172.21 points [2] Sector Performance - The insurance sector showed significant gains, supported by government policies emphasizing the importance of the insurance industry in improving people's livelihoods and supporting the real economy [2] - The education sector also experienced a counter-trend rise, driven by recent positive performance reports from leading education companies and supportive government policies aimed at enhancing service consumption in education and training [2] Future Market Sentiment - Despite the initial decline in September, there is no need for excessive pessimism regarding the overall market outlook, as there are expectations for marginal improvements [3] - The potential for a Federal Reserve interest rate cut in September is anticipated to increase domestic monetary policy flexibility, which could positively impact market sentiment [3][4] - The release of new policies aimed at economic recovery and the conclusion of mid-year reports are expected to improve market risk appetite [3]

金点策略晨报—每日报告 2024 年 8 月 2 日 星期五 研究员：惠祥凤 执业证书号：S0990513100001 联系电话：0755-83007028 Email：huixf@ydzq.sgcc.com.cn | --- | --- | |--------------------------------------------------------------------------------|------------------------------------------------------------------------| | 【A股大势研判】 | | | 放量大阳后窄幅震荡，能否引来各路资金抄底？ | | | 一、周四市场综述 | | | | 周四晨报中提醒，周三沪深三大指数放量大涨，板块个股出现久违的普涨格局， | | 或许有以下几个方面的原因：一是政治局会议释放积极信号，市场情绪受到鼓舞；其次， | | | 券商上涨带来的人气的提升。周三券商板块全线上涨，多只个股涨停。券商大涨容易引 | | | 发市场人气。此次券商上涨，或许是估值低位以及下半年业绩修复预期下，资金左侧配 | ...

Market Overview - The A-share market is showing signs of a turning point, with opportunities gradually emerging in various sectors and individual stocks [1][4] - On Thursday, the market exhibited divergence, with the Shanghai Composite Index seeking support around 2800 points while the Shenzhen Component and ChiNext Index rebounded [5] Sector Performance - The photovoltaic equipment, consumer electronics, optical electronics, battery, electric motor, wind power equipment, power supply equipment, liquor, electronic components, power grid equipment, specialized equipment, medical devices, auto parts, non-ferrous metals, energy metals, semiconductors, and instruments sectors saw significant gains [2] - Conversely, the banking, railway, road, and shipping port sectors experienced declines [2] New Energy Sector - New energy stocks, including photovoltaic equipment, blade batteries, and solid-state batteries, rebounded strongly after a prolonged decline, indicating a potential technical rebound [2][3] - The demand for lithium batteries, photovoltaics, wind power, and energy storage continues to grow globally, supporting the outlook for the new energy sector [2][3] Consumer Electronics - The consumer electronics sector has shown strong performance, driven by the upcoming iPhone 16 launch, which is expected to stimulate demand [3] - The sector is poised for growth due to advancements in 5G, artificial intelligence, and the Internet of Things, leading to a new wave of product iterations [3] Pharmaceutical Sector - The pharmaceutical sector is showing signs of recovery, with various stocks experiencing slight increases [3] - The sector has been under pressure for over three years, but current valuations are approaching historical lows, making it attractive for investment [3] Banking Sector - Recently strong banking stocks faced a downturn, influenced by market concerns over asset quality related to real estate [3][4] - Despite the recent decline, the high dividend yield and lower valuations of banking stocks continue to attract investor interest [4]