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in early trading today, a shares continued to rise! how hot is the market?

only half an hour after the a-share market opened, at 10:00, the trading volume exceeded 930 billion yuan. at 10:05, the transaction volume exceeded 1 trillion yuan, exceeding 400 billion yuan compared with the previous trading day, setting a new record for the fastest trillion in history. at the same time, many investors reported in early trading that they were temporarily unable to make bank-securities transfers, and some netizens said they were unable to log in to the app of their brokerage firm.

as of press time, the shanghai composite index rose 4.20%, the shenzhen composite index rose 6.67%, and the gem index rose 8.93%. the market turnover was 1.3504 billion yuan, with more than 5,200 stocks rising.

on the market, the tmt sector exploded in full force, with software stocks, ai, chips and other sectors soaring; big finance continued to strengthen, led by the brokerage sector; big consumption surged, led by the liquor sector. new stock n changlian surged in early trading, triggering two temporary stops, and rose 723.9% as of press time.

tmt sector explodes

in early trading today, the tmt sector exploded. software concept stocks were the strongest, with software development, it services, hongmeng and other sectors leading the gains. the semiconductor industry chain has collectively strengthened, and ai has rebounded across the board.

according to agency calculations, the average pe (ttm) value of shenwan computer industry in the past 10 years has been 60.8 times, with a median value of 57.71 times. the current industry valuation is 45.06 times, which is still at a historically low level.

analysts said that looking back at history, the s&w computer index has experienced five major business cycles since 2008, and the rising logic is highly related to the industrial growth driven by the application of new technologies or policy support. at present, on the one hand, the domestic a-share computer industry may usher in a valuation recovery driven by a series of measures to stabilize growth. on the other hand, support policies such as "ai + digital economy + information innovation" have also opened up medium and long-term growth space for related industries and enterprises.

as for the entire big technology sector, the main point of the institution is that after 2-3 years of correction, the current valuation of white horse stocks in the technology sector is basically at a historical low, and the investment value for money is outstanding. under the influence of policy combinations, changes in the valuation of technology stocks will be ahead of changes in economic data, and the valuation center of the technology sector is expected to rise.

western securities stated that high-prosperity segments such as ai computing power, smart driving, and hongmeng are in a period of rapid growth, with frequent technological innovations, strong market demand, and broad prospects. as the economy improves, emerging technologies such as ai are expected to develop further, and the performance growth of these companies is expected to receive strong support. at the same time, under the stimulus of policies, liquidity is released, risk appetite increases, and the valuation center of the technology sector is expected to move upward. the stock price growth momentum of these high-growth and highly elastic targets on the main line of high prosperity is still sufficient.

securities and liquor sectors continue to surge

as the two leaders in this round of market rebound, the securities and liquor sectors continued to surge in early trading today, both setting off a surge of daily limits.

in the securities sector, oriental fortune hit the daily limit of 20cm, ushering in two consecutive boards. changjiang securities, bank of china securities, tianfeng securities and other stocks hit daily limits.

in the liquor sector, stocks such as rock stock, gujing gong liquor, and jiugui liquor reached their daily limit, and kweichow moutai rose 3.61%.

soochow securities said that with reference to the trend of the liquor index in 2014 and the market expectations implied by the current liquor valuation, the valuation inflection point of the liquor sector will be confirmed earlier than the fundamental inflection point. benefiting from improved liquidity and increased procyclical stimulus, liquor, as an early-cycle variety, has strong performance stability and outstanding offensive and defensive attributes.

guosen securities said that the short-term fundamentals of the industry are still under pressure, which is expected to be reflected in the third quarter report and fourth quarter sales. however, fundamental suppression factors have gradually weakened, bottoming signals have increased, and long-term consumer demand may pick up and usher in a fundamentals-driven market. .