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市场分析:软件互联网行业领涨 A股震荡上行
Zhongyuan Securities·2024-11-29 10:16

Market Overview - The A-share market opened higher and experienced slight fluctuations, with the index finding support around 3293 points during the day. The software development, internet services, securities, and liquor industries performed well, while gas, public utilities, airports, and oil sectors lagged behind. The Shanghai Composite Index showed a general upward trend throughout the day [7][17] - The Shanghai Composite Index closed at 3326.46 points, up 0.93%, while the Shenzhen Component Index closed at 10611.72 points, up 1.72%. The ChiNext Index rose by 2.50%, indicating stronger performance in the growth sector compared to the main board [7][8] Future Market Outlook and Investment Recommendations - The average price-to-earnings (P/E) ratios for the Shanghai Composite Index and ChiNext Index are currently 13.95 times and 36.48 times, respectively, which are at the median levels over the past three years, suggesting a suitable environment for medium to long-term investments [17] - The total trading volume for the two markets reached 17466 billion, which is above the median of the past three years, indicating healthy market activity [17] - The report highlights that China is in a transitional development phase, with the integration of the digital economy, advanced manufacturing, and modern services with the real economy creating new growth points and job opportunities. Continuous improvement of counter-cyclical adjustment tools suggests that the economy is expected to recover from its low point [17] - The report recommends short-term investment opportunities in the software development, internet services, securities, and food and beverage sectors, while also advising close monitoring of policy, funding, and external factors that may impact the market [17]