Guo Shiliang: Is The "28" Market Attacking And Entering The Earning Index Stage?

In recent years, the performance of the A share market has been seriously divided. Among them, the Shanghai composite index broke through the 2400 point integer pass, and hit a 20 month high. At the same time, as a strong performance index, the gem index shows a weak trend, and has the construction stage of the head.

From the recent analysis of the trend of the market, the financial sector represented by banks, brokerages and insurance has become an important guarantee for market penetration. However, with the coming of the "28" market, investors have come to the age of earning no money.

From the perspective of policy analysis, the registration system reform, which is going to be implemented by Shanghai and Hong Kong through the end of the year, will have an inestimable impact on the market speculation style transformation.

Originally opened in October 27th, Shanghai and Hong Kong were forced to delay for various reasons. However, this week, Shanghai and Hong Kong through the "traffic" news again. According to the relevant personage, Shanghai and Hong Kong through the preparatory work has reached the final stage, in the near future or will carry out a new round of Shanghai and Hong Kong through system testing. Obviously, this move also means that the launch of Shanghai and Hong Kong Tong has entered the "right track".

Shanghai and Hong Kong through the "opening" will have different effects on different plates. Among them, the hot weight plates represented by brokers will undoubtedly become the biggest beneficiaries. In addition, for some blue chips and stocks with continuous growth ability, Shanghai and Hong Kong's "opening to traffic" will have positive impact on them. However, for the listed companies with obvious decline in performance, loss and ST, Shanghai and Hong Kong's "opening" has brought about a fatal blow to these varieties. Therefore, in the following time, such listed companies will continue to be an important target for selling the market.

From the analysis of the effect of capital promotion, Market index When approaching important areas, large funds often need to continuously pull hot weight plates to achieve the effect of stimulating popularity. Therefore, only when the confidence of the market investment is greatly improved and the profit effect of the market will continue to appear, will the market continue to push up the enthusiasm of the market.

Obviously, for small and medium-sized market capitalization, because of its right market The proportion of weight is relatively low, basically can not play a significant role in attracting market sentiment. At this point, when the index is approaching important areas, the effect of pulling small and medium market varieties to boost market sentiment is not obvious. This is also one of the main reasons for the continued strength of the big market capitalization in recent years.

In addition, according to experience, when the index rises from low to around 20%, it will be an important time point for the layout of medium and long term funds. Today, the market has risen from bottom to date, the cumulative increase has reached 20%, which is also consistent with the logic of the distribution of long-term funds. In this regard, as a medium and long-term layout of large funds, or more inclined to sound and sustainable growth of the blue chip stocks, as early as encountered in the small and medium-sized market speculation varieties, it is difficult to become such funds in the long-term layout of the object.

Judging from the current market trend, A share market We are gradually stepping out of the middle and long-term bottom, and the focus of our operations is constantly rising. Therefore, for investors who are looking for medium and long term, the market does have certain investment attraction at this time. However, how to avoid the dilemma of "earning the index but not making money" is a test of investors' stock picking skills.

The author believes that with the gradual activation of the hot weight plate, the future will still be the focus of the big capital institutions, and investors can select some listed companies with sustainable growth ability to make long-term layout. As for small and medium-sized market capitalization, investors also need to be cautious. Especially those who lack basic support and suffer from small and medium capitalization stocks, should be decisively avoided.