英大证券：金点策略晨报—每日报告-20241203

Market Overview - The report indicates that the A-share market is likely to maintain a volatile pattern in the short term due to significant shrinkage in trading volume, external pressures such as RMB depreciation and geopolitical risks, and a lack of incremental capital [1][3] - On Tuesday, the Shanghai Composite Index closed at 3259.76 points, down 4 points or 0.12%, with a total trading volume of 509.49 billion; the Shenzhen Component Index closed at 10333.23 points, down 87.29 points or 0.84%, with a total trading volume of 795.48 billion [3][4] Sector Performance - The IP economy concept stocks surged, with several stocks experiencing consecutive gains, driven by the popularity of "Guzi" economy-related stocks, which are derived from various cultural IPs [3][4] - The tourism and hotel sector saw significant gains, bolstered by China's expansion of visa-free policies for several countries, effective from November 30, 2024, which is expected to enhance inbound tourism [3][4] - Consumer stocks, particularly in dairy, light household goods, food and beverage, and commercial retail, performed well, indicating potential investment opportunities in mass consumer goods due to favorable pricing and government initiatives to boost consumption [4][5] Future Market Outlook - The report suggests that despite the current market adjustments, there are signs of potential rebounds, especially if trading volumes can increase again after the current phase of adjustment [5][6] - Investors are advised to consider strategic positions for the upcoming year, focusing on sectors that may benefit from debt resolution plans, new productive forces, and opportunities in mergers and acquisitions as well as domestic consumption [5][6]