Galaxy Securities A-share strategy: It is recommended to anchor performance in fluctuations and seize structural opportunities.

The research report of Galaxy Securities stated that the A-share market continued to fluctuate widely, with significant characteristics of stock game. The market hotspots are dominated by event-driven factors, and the rotation speed is accelerating. The market is in a stage of style rebalancing under the digestion of crowding and verification of expectations. In the short term, the market is likely to continue its volatile pattern, with structural characteristics still being the main theme. July 15 is the deadline for mandatory disclosure of semi-annual reports of A-share listed companies. The core focus of market game will tilt towards fundamental verification, with a priority layout of segmented leading companies with real orders and profit expectations. At the same time, the listing of SK Hynix on Nasdaq and the progress of the Longxin Technology IPO will strengthen the prosperity logic of the storage chip industry, leading to continuous increase in attention to the storage chip, advanced packaging, semiconductor materials, and other segmented industrial chains. After the previous valuation digestion, the window for layout in related sectors is further revealed. In general strategy, it is recommended to anchor performance and grasp structural opportunities in fluctuations.