Hexun Investment Advisor Wang Yu: Opening lower and closing higher, the market's resilience has been demonstrated.

Let’s review today’s market performance.

According to Wang Yu from Hexun Investment Advisor, today’s index opened low and rose high, recovering 60 points throughout the day, showcasing the market’s resilience; however, trading volume shrank again. If the volume continues to maintain at this level, it will be difficult for some large-cap sectors, such as storage, optical modules, and pharmaceuticals, to sustain their upward momentum. Even if they strengthen on the day, it might be better to wait for a pullback on divergences before considering further attention.

Additionally, the three stocks that achieved four consecutive limits today showed overall strong initiative, which also benefited from the recent opening of consecutive limit heights. This has activated the risk appetite of some short-term funds, allowing for bullish bets on limit-up stocks in non-electricity sectors. Regarding the current market sentiment, it’s quite simple: whether the electricity sector can strengthen again next week and whether the high-priced stocks can hold their tops without feedback at these elevated levels, with continued strong support from the back row. If Yunnan Energy continues to strengthen after its observation period, it could lead to a fund flow back into electricity for bullish trades. If there is no return flow in the electricity direction, we should observe the current four-limit stocks to see who can strengthen further and then arbitrage their divergent logic. For instance, every time a stock reaches a four-limit today, sectors like innovative drugs and lithium batteries showed strong leadership, which is actually a direction worth considering.

We should also pay attention to whether the external conflicts can be further alleviated, as this is positively correlated with our market and sectors like chemicals and oil. So, let’s keep an eye on these aspects over the weekend.

(Author: Shao Xiaohui)

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