Sino-Singapore Jingwei Client, May 17th. In the afternoon of the 17th, the Shanghai Composite Index rose more than 1% at midday, returning to 3,500 points after more than two months, and the ChiNext Index rose nearly 3%.

New energy vehicles, vaccines, semiconductors, and medical aesthetics are active.

The turnover of the two cities exceeded 600 billion; the net purchase of northbound funds was nearly 4 billion.

　　Source: Wind

　　As of the noon close, the Shanghai Index reported 3,526.09 points, an increase of 1.02%, with a turnover of 275.894 billion yuan; the Shenzhen Component Index reported 14519.87 points, an increase of 2.19%, with a turnover of 331.667 billion yuan; the Growth Enterprise Market Index reported 3123.47 points, an increase of 2.96%; the Shanghai 50 Index It reported 3544.65 points, an increase of 1.19%.

　　On the disk, sectors such as health care, medicine, and semiconductor led the gains; sectors such as tourism, diversified finance, and insurance were among the top decliners.

　　In terms of concept stocks, sub-new stocks, genetic concepts, and the Pan-Pearl River Delta were among the top gainers, and the ST sector, digital currency, and IP realization were among the top decliners.

　　In terms of individual stocks, 1554 individual stocks rose, among which multiple stocks such as Mindray Medical, Zhifei Biological, and Oupai Home Furnishing increased by more than 5%.

2618 individual stocks fell, of which Sinosteel International, Royal Bank, ST Yihua and other stocks fell more than 5%.

　　In terms of turnover rate, a total of 23 stocks had a turnover rate of more than 20%, of which N Ruiang had the highest turnover rate, reaching 57.93%.

　　According to the analysis of AVIC Securities, in terms of investment strategy, the current quarterly report has been settled, demand has driven profits upward, monetary policy has remained stable, and the policy environment has been moderate. It is believed that the factors that suppress the rise of A-shares have begun to ease.

It is recommended to maintain a neutral position. In terms of allocation, it is recommended to pay attention to the low price-earnings ratio and high dividend factor of small and medium market capitalization.

　　Bank of China Securities believes that in this cycle, in addition to the expansion of aggregate demand, global carbon neutral supply restrictions and cyclical leaders attach importance to shareholder returns. The significant increase in dividends and repurchases will provide an important boost to the continuity and magnitude of commodity rises. The valuation of cyclical stocks will expand. So it opens.

Historically, moderate inflation and rising interest rates are necessary prerequisites for the valuation of cyclical stocks.

By comparing global resource leaders, the cyclical leaders of A-shares are reasonably priced. With the industry's booming boom and the increase in pricing power, there is room for further expansion in future valuations.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)