财富通每日策略

Market Performance - The market opened lower on Monday, with the Shenzhen Component Index and ChiNext Index both declining over 1% [2][22] - The Shanghai Composite Index closed at 2922.45, down 0.93%, while the Shenzhen Component Index closed at 8561.95, down 1.54% [1][2] - The overall market trading volume remained around 580 billion, continuing a trend of being below 600 billion for four consecutive trading days, indicating a lack of trading enthusiasm [22] Sector Analysis - The report highlights that dividend concept stocks performed well against the market trend, with the power sector leading gains [2] - Conversely, software stocks experienced a collective adjustment, and brokerage stocks showed volatility [2] - Only the public utilities and banking sectors recorded gains, while sectors such as computing, media, real estate, and retail saw significant declines [2] Monetary Policy Insights - The People's Bank of China announced that it would conduct temporary reverse repos or repos as needed, with specific interest rate adjustments aimed at stabilizing market expectations [4][13] - The central bank's actions are expected to narrow the interest rate corridor, reducing short-term market interest rate volatility and facilitating the transmission of monetary policy signals [4] Future Outlook - The upcoming Third Plenary Session is anticipated to announce significant reform measures that could boost market risk appetite, suggesting a potential stabilization in the market after a period of consolidation [22] - Recommended sectors for attention include banking, public utilities, transportation, telecommunications, and household appliances [22]