A-share market opening express: A-shares fluctuate and rise! Shanghai Composite Index breaks through previous high point, storage chip concept is active.

On October 24th, A-shares shook and rose, with the Shanghai Composite Index breaking through previous highs and hitting a new high for the year. As of 9:41, the Shanghai index rose 0.41%, the Shenzhen Component Index rose 1.07%, and the ChiNext Index rose 1.41%. The communique from the Fourth Plenary Session of the Fourteenth Central Committee was released. It proposed accelerating high-level technological self-reliance, building a strong domestic market, and expanding high-level opening to the outside world. CMSB pointed out that the one to two weeks after the meeting is a period of concentrated outbreak in the market, and in the future until the proposal is issued, it is necessary to focus on commercial aerospace, deep-sea technology, the Belt and Road Initiative, and areas where policies may be strengthened in the fourth quarter. In terms of the market, the storage chip concept was active, with stocks such as Xi'An Xice Testing Technology and Winnovation Culturaltainment Development hitting limit up, and stocks like Shenzhen Techwinsemi Technology following suit. In terms of declines, the coal concept, film and television chains, and ice and snow industries all experienced corrections. Looking ahead, Orient believes that in the short term, under the influence of external trade frictions, fund sentiment tends to be cautious, coupled with the large increase in the technology sector, the overall market is in a period of adjustment. Although some funds have shifted to thematic speculation, they are unable to lead the market to strengthen, and the probability of stock index fluctuations is high in the current stage. Hot sectors: 1. Active storage chip concept The storage chip concept is active, with Xi'An Xice Testing Technology, Winnovation Culturaltainment Development, and other stocks hitting limit up, and Shenzhen Techwinsemi Technology, Puya Semiconductor (Shanghai) Co., Ltd., Biwin Storage Technology, Shenzhen Longsys Electronics, etc., following suit. Institutional Views: 1. Tianfeng: Currently, the valuation of cyclical sectors such as finance is at historically low levels, with safety margins and switching space 2. Debon Securities: Short-term value sectors represented by dividends may continue to be dominant 3. Orient: Mainstream funds lack momentum, and the market is waiting for a breakthrough opportunity. This article was reprinted from "Tencent Selected Stocks", GMTEight Editor: Chen Xiaoyi.