The return of the market to 3,600 points is expected to detonate the "red envelope" market after the festival

　　The three major A-share indexes closed up collectively yesterday. The Shanghai Composite Index rose 2.01% to close at 3,603.49 points, returning to 3,600 points; the Shenzhen Component Index rose 2.36% to close at 15630.57 points; the ChiNext Index rose 1.71% to close at 3334.24 points.

The total turnover of the two cities was 837.354 billion yuan, and the industry sector generally rose, led by the aerospace sector.

Northbound funds bought a net 2.624 billion yuan yesterday.

　　A reporter from the Beijing Youth Daily noticed that the Shanghai Index has repeatedly stood at 3,600 points this year, but it is difficult to launch a new offensive.

Whether it can stand firm at 3,600 points this time, and detonate a round of "red envelopes" after the Spring Festival, is quite expected by the market.

　　Regarding the market outlook, institutions have expressed their views.

　　Guohai Securities said that the market is expected to have a good start after the Spring Festival.

In operation, it is recommended that investors keep a certain position to hold stocks for the holidays. Investors in light positions can still appropriately intervene in low-valued leading stocks to receive red envelopes. Investors in heavy positions can appropriately adjust the holding structure and diversify the allocation, especially in a moderate amount. Allocation of some undervalued bank stocks and consumer stocks, advances and retreats can be defended.

　　Guosheng Securities pointed out that the 3450-3650 point space box may be the main range of recent market shocks. On the basis of economic recovery and the gradual advancement of the registration system, core asset stocks with major consumption, chemicals, and finance may be the main future directions. On the other hand, high-growth superimposed performance has steadily improved, and semiconductors, new energy vehicles, military industry and photovoltaics are also worthy of active attention.

　　In terms of operational strategy, CICC pointed out that the market may continue to be in a relatively "flat period". In the remaining trading days before the Spring Festival, sentiment may remain low and transactions may fall. Investors may continue to focus on the market trend after the holiday.

　　Broker's view

　　CICC: Focus on structure and not index

　　1. Consumption will continue to recover throughout the year or on a low base, with relatively high certainty, which is still the key direction for bottom-up stock selection; 2. Bargain-hunting to absorb new energy and new energy automobile industry chain middle and upper reaches of the high boom area; 3. Technology and industrial independent fields focus on bottom-up, bargain-hunting opportunities for technology hardware such as electronic semiconductors; 4. Focus on some metal raw materials and crude oil industry chains in cyclical industries.

　　Soochow Securities: Repairing rebound in the market

　　There are two main directions: the first is the epidemic-stricken industries, especially the movie pre-sales exceeding expectations, which has greatly stimulated the attention of the sector; the second is the procyclical products, such as banks, chemicals and resources.

However, the market has continued to shrink in recent days, and the rotation of the sector has increased significantly. It is particularly critical to grasp the market rhythm.

In the market outlook, it is recommended to pay attention to post-epidemic products, such as hotels, tourism, and airports. In addition, banks, chemical industries and other institutions are still paying attention to the direction that is still worth tracking, and the shrinking market is cautiously chasing the rise.

　　Text/Reporter Liu Shenliang