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Today, the A-share market as a whole fluctuated slightly, with major stock indexes rising and falling alternately. More than 4,200 stocks in the two markets fell, and trading volume further shrank to 604.9 billion yuan.

On the market, public transportation, pork, banking, and oil sectors led the gains, while household goods, tourism, high-voltage fast charging, and solar thermal power generation sectors led the losses.

Wind's real-time monitoring data shows that the non-ferrous metals industry received a net inflow of more than 2.2 billion yuan today, the bank received a net inflow of more than 1.2 billion yuan, and the public utilities, agriculture, forestry, animal husbandry and fishery, coal and other industries also received a net inflow of more than 100 million yuan. The electronics industry has received a net inflow of major funds for 6 consecutive days. The main funds in the automobile, computer, pharmaceutical and biological, real estate and other industries all had a net outflow of more than 100 million yuan.

Looking ahead to the future market, Ping An Securities believes that medium-term structural opportunities are expected to continue to increase against the backdrop of rising domestic reform expectations, regulatory signals of protecting the market, and improved external liquidity expectations.

It is recommended to pay attention to the direction of industry prosperity improvement and policy expectations:

• The first is the overseas expansion direction with global competitiveness;

• The second is the price-rising sectors that are supply-constrained and where demand is expected to pick up;

• The third is the new quality productivity direction represented by TMT and intelligent manufacturing;

• Fourth, there are diffusion opportunities for the transformation of dividend strategies into profit expectations.

Western Securities said that the market focus is still on oversold rebound, performance and policy reforms.

Industries and topics to watch out for:

• First, expectations of overseas interest rate cuts have increased, and the value of precious metals and nonferrous metals has rebounded;

• Second, we will focus on consumption tax reform and tax exemptions that have been repaired from low levels, as well as other low-priced stocks with good fundamentals such as pharmaceuticals;

• Third, if sentiment picks up, it is expected to drive a structural rebound in growth, but it will require industry catalysis or performance as a shield. Sectors such as electronics, vehicle-road-cloud, and autonomous driving may continue to perform actively.

In terms of hot spots, Trump concepts soared, stimulated by the news that Trump's chances of winning the election soared after he was shot.

Trump Media & Technology Group surged 66.95% in pre-market trading.

Musk had previously publicly supported Trump. Tesla's stock price once surged by more than 5% before the market opened.

Trump concept stocks with nonsensical homophonic puns in the A-share market also took the opportunity to surge, with Sichuan University Zhisheng opening at the daily limit. In the US election eight years ago, after Trump won, Sichuan University Zhisheng also surged.

In response to the unusual stock price movement, Sichuan University Zhisheng said that it had paid attention to the stock price situation, but was not sure of the specific reasons. The company's operations were normal and there was no major situation that needed to be announced to the public.

Last week, Sichuan University Zhisheng released its performance forecast, and the net profit attributable to shareholders of the listed company in the first half of 2024 is expected to be a loss of 17 million to 23 million yuan.

Sichuan University Zhisheng said that in the first half of 2024, affected by the market environment, the company's traditional business existing contracts and newly signed contracts in this period decreased, resulting in a decline in revenue and sales gross profit from executed contracts during the reporting period.

The "multimodal non-contact automatic detection and screening equipment for mental health status" with the company's high-speed three-dimensional micro-expression capture camera as the core has received orders, but the equipment needs to be integrated with a variety of outsourced sensors, and it will take 2-3 months to deliver the product.

In addition, Goertek also opened higher against the trend, with its share price hitting a new high in more than a year; Sichuan Heng shares surged in volume; and Shapuai Si also opened sharply higher at one point.

Another hot spot in the market is that many bank stocks have hit new highs.

China Construction Bank surged by nearly 3% and successfully broke through the historical high point in January 2018 (adjusted, the same below). Industrial and Commercial Bank of China also broke through the historical high point in 2018. Agricultural Bank of China and Bank of China continued to break historical records. Chongqing Rural Commercial Bank and Bank of Beijing also set new highs in many years.

Guotai Junan predicts that the time of greatest deposit pressure has passed, M1 may have bottomed out, and the motivation of banks to use bills to finance loans will be significantly weakened. They will pay more attention to adjusting the loan structure and improving the quality and efficiency of operations. Both social financing and credit will enter a "new normal" of growth. We continue to be bullish on the absolute returns of the banking sector.

Editor: Chen Lixiang

Proofreading: Yang Lilin