Compared with small and medium-sized stocks, large-cap stocks have always been known for their stable operating performance and higher dividends. According to the analysis and research report of Guotai Junan's third quarterly report, the performance of all A-shares declined in the first three quarters. In the third quarter, the net profit growth rate of all A-share non-financial and non-petroleum and petrochemical listed companies (hereinafter referred to as "all A-shares and two non-shares") was -10.8% year-on-year, which was further enlarged compared with the second quarter of 2024, with a cumulative year-on-year growth rate of -8.0%, and negative growth for seven consecutive quarters. In terms of revenue, the cumulative growth rate of all A companies in the third quarter of 2024 was -1.6%, and it was -0.7% in the second quarter of 2024, with an enlarged decline.According to the statistics of the First Financial Reporter, the 100 stocks with the smallest closing market value on September 23 have almost doubled up to now. In the same period, the average increase of 66 stocks in the market value component was 19.2%, and the average increase of the fund's heavy stocks was 27.5%, which was far worse than that of small-cap stocks."The market of technology stocks is supported by policies, and the policies frequently mention the self-reliance and self-improvement of science and technology, such as artificial intelligence industry, self-controllable, new energy technology, etc. This kind of concept plate is mainly the participation of hot money and new retail investors, focusing on themes and tracks. Long-term expectations are hard to be falsified in the short term. Industries such as artificial intelligence are indeed in a stage of rapid development. Once hot money has a money-making effect, retail investors are easy to chase after it and push the stock price up. " Zhao Xi told reporters.
In this context, blue-chip stocks maintained their performance resilience. In the third quarter, the single-quarter growth rate of large-cap net profit represented by Shanghai and Shenzhen 300 increased significantly, with an increase of 8.75%. The performance of small and medium-sized stocks represented by CSI 500 and CSI 1000 dropped significantly, with growth rates of -14.7% and -9.4% in the third quarter respectively. In terms of industrial chain style, finance has been greatly restored, consumption has remained resilient, growth has continued to be under pressure, and the cycle growth rate has turned negative.From 2024 to the end of the year, with the gradual development of the New Year's market, how will the market style be interpreted? Will there be a switch between large and small disks?Small-cap style clearly outperforms.
How to lay out the market when it comes? ETF can directly invest in the sector > >Micro-disk stocks hit a new high. When will the market style return to the fundamentals after the significant differentiation of large and small disks?For the reason of the market style deduction, Zhao Xi, the investment director of Tuopai Fund, told the First Financial Reporter that since the macroeconomic data has not improved significantly, it is difficult for the macro economy to support the core assets, and most investors' sense of the whole economy is not high enough. Although the weighted blue chips and fund heavyweight stocks have valuation advantages, they lack rising logic. In this context, hot money and new retail investors have repeatedly speculated on the emerging science and technology around the policy.
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13