A shares opening express | The index fluctuated narrowly! AI applications rebound, large financial sector weak

On November 20th, the A-share market opened with narrow fluctuations, with all three major indexes turning red. As of 9:49, the Shanghai Composite Index fell by 0.05%, the Shenzhen Component Index rose by 0.19%, and the ChiNext Index fell by 0.06%. In terms of the market, Siasun Robot & Automation concept stocks continued to be active, with AI applications such as games rebounding, solid-state battery concepts repeatedly strengthening, and the chemical and paper sectors leading in terms of gains. On the downside, large financial sectors such as insurance, banks, and securities were weak, while sectors like photovoltaics, liquor, and real estate led in terms of gains. In terms of main funds, funds favored specialized equipment, professional engineering, and gaming industries, while funds fled from computer equipment, securities, and IT services industries. Institutional Views: EB SECURITIES: The market is likely to be dominated by structural trends EB SECURITIES pointed out that after consecutive adjustments, the Shanghai Composite Index temporarily fell below 3300 points on Tuesday, attracting bottom-fishing funds to enter the market again, leading to a comprehensive rebound. Looking ahead, after the market rebounded, market sentiment significantly recovered, and the market is expected to gradually stabilize and recover; considering the shrinkage in trading volume, it is expected that the market will mostly be dominated by structural trends. Guorong Securities: The market continues to have significant upside potential, with small-cap stocks and dividend styles dominating in the short term Guorong Securities stated that on Tuesday, the market rebounded on reduced volume, with the index returning above the 30-day moving average, continuing its upward trend. The growth sector rebounded rapidly at the end of the trading day, effectively restoring investor confidence. Ending the continuous decline of the market kept investors bullish. In the short term, the index may continue to fluctuate, focusing on structural opportunities in line with hot topics. In the long term, the market has significant upside potential, with small-cap stocks and dividend styles dominating in the short term, focusing on structural opportunities in the growth direction. Hot Sectors: 1. Strong performance in the solid-state battery sector The solid-state battery concept repeatedly strengthened, with Grinm Advanced Materials hitting the daily limit for the seventh time in 10 days. Wuxi Lihu Corporation, Anhui Zhongyuan New Materials, and Shanghai Pret Composites also hit the daily limit, while Jiangsu Hongdou Industrial, LWGF, NAKNOR, and others rose by over 5%. Comment: On November 19th, the world's first GWh-level new type of solid-state battery production line was officially established in Anhui Wanva New Energy Technology Co., Ltd. Huaxi believes that in the near future, the performance improvement and production progress of (semi) solid-state batteries by multiple companies may accelerate the industrialization process of (semi) solid-state batteries. 2. Upsurge in the paper sector The paper sector fluctuated upwards, with Shandong Bohui Paper Industry hitting the daily limit, and Mcc Meili Cloud Computing Industry Investment, Yueyang Forest & Paper, Shandong Huatai Paper Industry Shareholding, and Shandong Sun Paper all rising by over 5%. Comment: Shandong Chenming Paper announced that due to the downturn in the paper industry, the company is currently facing a debt overdue of up to 2.394 billion yuan. As a result, about 71.7% of the company's capacity has been forced to shut down or reduce production. This article was reproduced from "Tencent Stock" and edited by GMTEight: Jiang Yuanhua.