Close comment: The Shanghai Composite Index fluctuates slightly, food and beverage sectors decline, and the automobile industry chain stocks are strong

Source: Securities Times

On the 23rd, the Shanghai Composite Index fluctuated around 3,300 points, and the Shenzhen Component Index and the ChiNext Index rose strongly, with nearly 3,200 stocks in the market fluctuating red.

As of the close, the Shanghai Composite Index fell 0.1% to 3296.36 points, the Shenzhen Component Index rose 0.67% to 9935.8 points, the ChiNext Index rose 1.07% to 1949.16 points, the Beijing Stock Exchange 50 Index rose 0.48%, and the total turnover of the three Shanghai, Shenzhen and Northern Stock Exchanges reached 126.26 billion yuan.

From the market, the food and beverage, logistics, tourism and catering, agriculture, retail, real estate, winemaking and other sectors fell, the automobile industry chain stocks rose strongly, chemical fiber, home appliances and other sectors rose, and humanoid robots, flying cars, consumer electronics concepts were active.

Dongguan Securities believes that the risk aversion market driven by tariff shocks may come to an end temporarily, and with the continued efforts of the national team's "standard funds" in terms of market protection and "standard funds", the equity market may continue to maintain strong resilience. As the May Day holiday peak consumption season approaches, and the US "reciprocal tariffs" are still pending after the suspension, it is recommended to pay attention to the main line of consumption recovery, technological independence, and opportunities for high dividends and defensive directions.

Yinhua Fund said that the market is still running smoothly under the care of the national team, and passive funds continue to flow in large amounts, but the scale has decreased compared with the previous week. From an investment perspective, the time when the uncertainty is the most important is over. We will pay attention to the technological growth and the investment value of some domestic demand assets after the risk preference stabilizes. As the end of April approaches, the meeting of the Political Bureau of the Central Committee will be an important node for observing the scale of policy incremental domestic demand. In addition, from the perspective of calendar effect, A-shares are also expected to shift from a relatively defensive value style to a growth style. In summary, the stage of the greatest risk has passed, but considering that the external environment is still complex, short-term stable dividends, independent controllability, and domestic demand hedging related assets will still have the advantage. When the market risk preference stabilizes, we can gradually plan a technological growth direction that has the ability to clarify industrial trends and profit-making ability.


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