Hong Kong Union Securities believes that the breakthrough of A shares to the previous high point has not been successful for the time being, and it is expected that the differences still need to be digested. Continuing, the high-level hot technology stocks in the early stage have outflow of funds, and the low-level and high-boom "scenic storage" has excellent cost performance and is expected to undertake funds.
The sci-tech innovation board index fell continuously after building a double top, which is also related to the sharp adjustment of chip stocks. In the short term, the sci-tech innovation board index has fallen to near the annual line, and oversold technology stocks such as chips are expected to rebound and can be temporarily held Stock observation. This year's main line is mainly in the medium and special estimates and AI. After subsequent adjustments, you can still pay attention to them, especially those with low prices, low price-earnings ratios, and low price-to-book ratios. You can buy low during the adjustment.
Hong Kong United Securities pointed out that on Tuesday, the A-share market encountered resistance and fluctuated in a wide range. Heavyweight stocks rose and fell back, dragging down the stock index. The Shanghai Index fluctuated around 3,400 points throughout the day. At present, the average price-earnings ratios of the Shanghai Composite Index and ChiNext Index are 13.45 times and 36.36 times respectively, which are below the median level in the past three years. The market valuation is still in a relatively low area, which is suitable for medium and long-term layout. The trading volume of the two cities on Tuesday was 1,221.8 billion yuan, which was in the median area of the average daily trading volume in the past three years. In the future, the overall stock index is expected to maintain a volatile pattern. At the same time, it is still necessary to pay close attention to changes in policy, capital and external factors. We recommend that investors maintain 60% of their positions and focus on short-term investment opportunities in industries such as finance, consumer electronics, and medicine.