英大证券每日聚焦-20250623

Market Overview - The A-share market continued to experience slight declines, influenced by the Federal Reserve's decision to maintain interest rates and concerns over inflation, as well as geopolitical tensions in the Middle East [1][5][14] - The market is currently in a limited fluctuation phase, with both upward and downward potential constrained due to ongoing policy support and cautious investor sentiment [2][14] - The trading volume has remained around 1.2 trillion yuan, indicating insufficient willingness for new capital to enter the market [1][14] Sector Performance - The shipbuilding and military sectors have shown strong performance, driven by rising leasing prices for oil tankers amid geopolitical tensions [6][7] - New energy sectors, particularly solid-state batteries and photovoltaic equipment, are gaining traction as technology progresses and industry conferences are held [8] - The banking sector is providing stability to the index, with its low volatility and attractive dividend yields appealing to risk-averse investors [9] Investment Strategy - The report suggests a "light index, heavy stock" approach, focusing on individual stocks rather than overall market indices [2][14] - Investors are encouraged to look for low-valued stocks with improving performance expectations as the market approaches the mid-year reporting window [2][14] - The emphasis is on selecting stocks from sectors that are expected to benefit from upcoming policy changes and those with strong earnings forecasts [2][14]