The material in this article comes from the Internet, if it is inconsistent with the actual situation or there is infringement, please contact to delete.
Is the market style changing again? Phoenix Optics set a new limit record, sealing orders in the collective auction stage as high as 3.96 million lots, while its outstanding market was less than 240 million shares. This large closure is indicative of the market's pursuit of funds for the stock. Why is Phoenix Optics so sought after? The fundamental reason is that the company may transform into a semiconductor material company.
Phoenix Optics announced a major asset restructuring plan on the evening of September 29, the company will sell the existing optical products, intelligent controllers and lithium battery products-related businesses, and acquire two semiconductor epitaxial materials companies at the same time, while raising supporting funds. This ambitious plan sparked strong interest in the market.
However, in this market, the power and coal sectors have experienced sharp fluctuations. On the news, the Inner Mongolia Energy Bureau issued an urgent notice requiring some coal mines included in the national nuclear increase potential list to release capacity. This news caused coal power stocks to fall sharply, and many cattle stocks such as Huaneng International and Jizhong Energy fell to the limit. This sudden policy change has thrown markets into chaos.
Considering that some cyclical industries have risen more under the influence of supply shortages, and the pressure of policy regulation on commodity prices is also increasing, investors need to be wary of the intensification of cyclical sector volatility.
In terms of market style, the A-share market has experienced a lot of rotation this year. Value stocks performed strongly at the beginning of the year, with growth stocks such as lithium batteries and semiconductors being sought after in the second quarter, while strong cyclical sectors such as chemicals, nonferrous metals, coal and steel performed well in the third quarter. However, as the third quarter drew to a close, the market began to shift towards low-value stocks.
In early trading today, the low-value sector rose significantly, with insurance and agriculture, forestry, animal husbandry and fishery all rising more than 5%, and hotels and catering, brewing and other sectors also rising more than 3%. In terms of individual stocks, some low-value leading stocks rose significantly, with East China Pharmaceutical up to the limit, Air China, Ping An of China, BTG Hotels and Yanghe shares all rising by more than 5%.
Market analysis believes that after the effect of policy coordination gradually appears, the market's pessimism about the economic outlook will weaken, and the economy is expected to perform better in the fourth quarter than in the third quarter. This has laid the foundation for the A-share market at the end of the year, domestic macro liquidity will remain reasonably abundant, and the institutional position adjustment effect will continue to drive capital flow to low-value stocks, especially those sectors with low fundamental expectations and relative valuations.
According to the statistics of Securities Times Databao, there are currently many low-value leading stocks worth paying attention to. These stocks have more than 10 agency ratings, the latest market capitalization exceeds 100 billion yuan, and the latest share price is down more than 30% from the year's high. Among them, the dynamic P/E ratio of individual stocks such as Industrial Bank, COSCO Shipping Holdings, Vanke A, Ping An of China, Gree Electric Appliances, and China Pacific Insurance is less than 10 times. In terms of decline, Arowana, Lens Technology, Sany Heavy Industry, Hengrui Pharmaceutical and other stocks fell by more than 45% from the year's high.
In summary, the market style may change again, and behind Phoenix Optical's pursuit of funds is its hope of transforming into a semiconductor materials company. At the same time, the power and coal sectors are in volatility due to policy changes, and investors need to be vigilant. The market is also gradually tilting from growth stocks to low-value stocks, and investors need to make reasonable asset allocation according to changes in market style. My view is that market uncertainty will continue and investors should be cautious and make sound investment decisions based on their own risk tolerance.
The above content and materials are derived from the Internet, and the author of this article does not intend to target or allude to any real country, political system, organization, race, individual. The above does not mean that the author of this article endorses the laws, rules, opinions, behaviors in the article and is responsible for the authenticity of the relevant information. The author of this article is not responsible for any problems arising above or related to the above and does not assume any direct or indirect legal liability.
Due to the rules of the platform, you will only be recognized as a fan if you have more interaction with me. If you like my article, you can click "Follow", and you can receive the article push as soon as you become an iron fan. This article is only published in today's headlines, please do not move.