英大证券：金点策略晨报—每日报告-20241011

Market Overview - The market experienced a significant adjustment on Wednesday, marking the first decline since the index surge on September 24, attributed to short-term profit-taking. The trading volume remained high, indicating the presence of new capital entering the market [1][2] - On Thursday, the three major indices opened higher but fluctuated throughout the day, with the Shanghai Composite Index closing up by 1.32% at 3301.93 points, while the Shenzhen Component and ChiNext Index closed lower [2][3] Sector Performance - The coal sector led the gains, supported by favorable macro policies and capital market conditions. The recent announcements from the central bank and the political bureau signal a commitment to economic growth and market support [2][3] - High dividend stocks and state-owned enterprises saw significant increases, reflecting the positive impact of the central government's market management reforms [2] - The brokerage sector experienced a pullback after a period of strong performance, but the outlook remains positive due to expected earnings recovery and supportive economic policies [2][3] Future Market Expectations - The market's future performance will depend on the effectiveness of upcoming fiscal policies and the maintenance of high trading volumes. A press conference on October 12 will provide insights into the government's fiscal strategies [3][4] - Continued high trading volumes above 2 trillion indicate a potential for market stability, while a significant drop in volume could lead to increased volatility [4]