On Tuesday, September 7, the three major A-share indices closed higher across the board. The Shanghai Composite Index closed 1.51% to 3676.59 points; the SZSE Index closed 1.07% to 14702.90 points; and GEM closed up 0.72% to 3251.49 points. The two markets had more red and less green, and more than 2,900 individual stocks rose.
In terms of capital, Beishang Capital continued to show a net buying trend, with a net purchase amount of 6.069 billion yuan, which was 12 consecutive days of net purchases, tying the record for the longest continuous net purchase in the year. The turnover of the two markets exceeded 1 trillion yuan for the 35th consecutive trading day.
On the sector side, the metaverse concept, coal, and fluorine chemical sectors led the way, and the Guangdong-Hong Kong-Macao Greater Bay Area concept was boosted by favorable news, which spurred a rise in stocks. The coal and steel sector opened strong, digital currency concept stocks fluctuated, and the four parties made a sharp rise and stop. Photovoltaic lithium batteries strengthened on popular racetracks. The securities and pharmaceutical sector declined and retreated, and Shenwan Hongyuan fell more than 5%.
The metaverse concept has skyrocketed
The metaverse concept soared by more than 6%, Qingbao's rise came to a halt, while Baotong Technology, Huali Technology, Jiachuang Video, United Optoelectronics, Fengyuzhu, and Silk Road Vision followed suit.
According to the news, Zhongqingbao will launch the metaverse game “Brewmaster”, which simulates a virtual and realistic fantasy management simulation.
Guangdong-Hong Kong-Macao Greater Bay Area concept stocks rose
Concept stocks in the Guangdong-Hong Kong-Macao Greater Bay Area rose more than 20%, Sifang Jingchuang rose nearly 10%, and Shenzhen Airport, Changyuan Group, and Rifeng Co., Ltd. followed suit.
According to the news, the “Plan for Comprehensively Deepening the Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” issued by the Central Committee of the Communist Party of China and the State Council was released on the 6th. The Qianhai Cooperation Zone will build a pilot platform for comprehensive deepening reform and innovation in the Guangdong-Hong Kong-Macao Greater Bay Area and build a high-level gateway hub for opening up to the outside world.
The trend in the coal sector is strong
The coal sector continued its upward trend, rising more than 5%. Yunmei Energy, Shanxi Coking Coal, and Jinkong Coal Industries rose and stopped, while Huaibei Mining, Yanzhou Coal, and Shanxi Coking Pingmei Co., Ltd. followed suit.
Open Source Securities pointed out that overall, the high boom in the coal industry did not change in the second half of the year. Considering the guaranteed supply and release and strong coal prices, coal companies are expected to be supported on both sides of volume and price, and are optimistic about further performance improvements in the second half of the year and higher valuations of coal stocks.
The lithium battery sector on popular racetracks is picking up
The lithium battery sector strengthened again, with an overall increase of nearly 3% in the sector. Oak shares, Xinzhoubang, and Dangsheng Technology rose and stopped by 20cm, while Nord shares, Yongtai Technology, Xiangtan Electric, and Shi Da Shenghua rose and stopped. The number of individual stocks in the sector rose and stopped by more than 10.
Pharmaceuticals are falling
The pharmaceutical sector declined across the board, with CRO concepts, dental care, medical devices, etc. leading the decline;
Institutional aftermarket strategies:
Guosheng Securities pointed out that the Shanghai index sold heavily around 3,630 points. As blue-chip stocks in the large market stabilized, the index may be dominated by high overall market fluctuations. GEM was fully adjusted before, and there are expectations for an upward recovery in the short term. In terms of topics, high-ranking topics such as non-ferrous materials and photovoltaics may enter the adjustment range. Sectors such as consumption, pharmaceuticals, and medical care have been fully adjusted before, or have a higher cost performance ratio. It is important to note whether the Qianhai concept covered by the policy can become a hot topic.
Dongwu Securities believes that current market liquidity is relatively abundant, and structured sector prices can still be maintained. After the disclosure of the interim report is over, performance factors can be lowered for some time to come, focusing on policy orientation and the direction of institutional research. Steady investors can continue to pay attention to Baima Blue Chip's restorative market, while aggressive investors should focus on exploring growth directions such as specialization and innovation, suggest balanced allocation of their holdings, and follow up carefully.
In terms of operation strategy, Wanlian Securities mentioned that it is expected that the market will still be dominated by structured markets in the short term. It is recommended to balance the high-boom manufacturing growth sector, procyclical resource products, and undervalued blue chips; recommend new energy vehicles, semiconductors, photovoltaics, military, construction machinery, and communication equipment leaders in the high-end manufacturing sector; chemicals, non-ferrous metals, etc. in the procyclical resource goods sector. It is also possible to focus on undervalued consumption and financial blue chips.