Guosheng Securities: Food and beverage sector finally welcomes a daily level increase. This round of daily level increase is likely to be coming to an end soon. In the medium term, investors can still counter-trend layout.

Guosheng Securities report states that the food and beverage sector has finally seen an increase at the daily level. This week, the market saw a significant increase, with the Shanghai Composite Index closing the week up 3.49%. Against this backdrop, the food and beverage industry, as the last sector, has finally seen a daily level increase, and the petroleum and petrochemical industry has also reversed its previous bear market and seen a weekly level increase. Since April 7th, the current round of increase in the market has been ongoing for more than 4 months, with a rebound of about 20% or more. The major indexes and sectors have all seen increases, with sectors like the Shanghai Composite Index, Shanghai 50, non-banking, non-ferrous metals, agriculture, forestry, animal husbandry, and fisheries, consumer services, retail, textiles, computers, and construction all showing a complex increase structure. Banks have already started to see a daily level decline, leading us to believe that the current round of daily level increase is nearing its end. In the short term, the market's volume and price structure remains healthy, and investors should closely watch for signs of increased turnover or large volume declines in the future. In the medium term, the Shanghai Composite Index, Shanghai 50, CSI 300, CSI 500, Shenzhen Component Index, ChiNext, and Kechuang 50 have all confirmed a weekly level increase, with only a 3-wave structure seen at the daily level - indicating that the medium-term bull market is just beginning. In addition, 25 industries are currently in a weekly level increase, with 17 of them showing a 1-3 wave structure increase, suggesting that this bull market is a general upward trend. In the medium term, investors can still position themselves against the trend.