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After several days of shrinking trading last week, on Monday, August 19, the A-share major indexes opened low and then quickly rose, the offshore RMB soared, the A50 futures index rose straight, and the Hong Kong stock market also rose collectively.

As of press time, major indices such as the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and Hang Seng Index have risen rapidly. Among them, the Hang Seng Index rose by more than 1%.

The offshore RMB rose rapidly, increasing by 172 basis points against the U.S. dollar to 7.1470.

The A50 futures index rose sharply. As of press time, it was up 1.13%.

In terms of individual stocks, the cross-border payment concept opened strong. As of press time, Beijing Beifang and Sifang Jingchuang hit their daily limit, Huafeng Superfiber rose more than 11%, and Gaowei Technology, Yidian Tianxia, ​​and Rendong Holdings were among the top gainers.

The gold concept strengthened. As of press time, Xiaocheng Technology rose by more than 7%. Yulong Co., Ltd., Chifeng Gold, Shanjin International, CICC Gold, and Shengda Resources were among the top gainers.

The concept of short drama games is active. As of press time, Huayi Brothers and Skyworth Digital have hit their daily limit, while Zhejiang Edition Media, Shengtian Network, Baina Qiancheng, China Radio and Television, and Huace Film & TV are among the top gainers.

The railway infrastructure concept fluctuated upward. As of press time, Dinghan Technology, Century Ruier, and Changyuan Group hit their daily limit, while Jiaotong University Sino, Siwei Train Control, CRRC, and Tieke Rail were among the top gainers.

The concept of AI glasses has pulled back. As of press time, Asia Optoelectronics hit the daily limit, Green Precision and Si-Tech fell by more than 10%, and Zijian Electronics, JMET, Micro-Bed, Mingyue Lenses, and Dr. Eyewear were among the top losers.

After the continuous shrinkage last week, China Merchants Securities Research Report believes that the A-share market has seen rare bottoming signals: Recently, the market has seen some rare signals. From an external perspective, US manufacturing orders have turned negative; from an internal perspective, the growth rate of capital expenditures of listed companies is likely to turn negative in the second quarter; from a transaction structure perspective, the adjusted core index turnover rate has all returned to zero. From historical experience, these are relatively rare bottom signals for A-shares, and the appearance of these signals often corresponds to the market bottoming out and rebounding.

Everbright Securities believes that the current market valuation is at a low level, and the future market is expected to have limited room for decline. September may be a key time point for the market to rise. Pay attention to the opportunities brought by the resonance of factors such as the marginal improvement of economic data after the active policy, the stabilization of the real estate market, and the weakening of the constraints of overseas interest rate cuts on my country's monetary policy. In terms of allocation direction, we can continue to focus on consumption in the short term, and pay attention to high dividends and "Koter valuation" in the medium and long term.

Cinda Securities believes that there may be a rebound starting from the end of August. Whether it can reverse depends on copper prices and second-hand housing sales. In the first year after the end of the bear market in history, the general law of stock market fluctuations is that the index will rise rapidly by about 20%-40% in the first quarter after the bear market bottoms out. In the second quarter after that, there will mostly be a significant rest, and the adjustment range is about half of the previous increase, and the time is mostly 2-4 months. The adjustment since mid-May has lasted for 3 months. At the end of August, as the quarterly report disclosure comes to an end, the stock market may start to rebound.

Editor: Chen Lixiang

Proofreading: Zhu Tianting