There is no need to be pessimistic about the subsequent performance of A-shares High dividend sector is still the main line of allocation

On June 17, the Associated Press reported that last week, the A-share market continued its shock adjustment trend, and the trading sentiment was relatively low. The trading volume of the two cities once fell below 700 billion yuan. According to institutional analysis, the weak performance of A-shares in the near future is mainly affected by internal and external comprehensive factors: external factors, the global economy is facing industrial chain restructuring, which has an impact on investors' risk appetite; The repeated expectations of the Federal Reserve to cut interest rates have led to increased exchange rate volatility. In terms of internal factors, some recently released economic and financial data show that the continuous improvement of economic fundamentals still needs further support from the stable growth policy. Looking ahead, with the further clarification of macro policy signals in the third quarter, market risk appetite is expected to be supported at that time. Although the repair market since February has experienced twists and turns, it is still expected to continue. The current A-share market valuation is attractive, and investors need not be pessimistic about the subsequent market performance. Shenwan Hongyuan Securities continued to reiterate the view that "high dividend assets are the main line throughout 2024". It suggests investors to allocate power, grid equipment and coal and other sectors in the bottom warehouse; The callback of non-ferrous metals, banks and leading liquor companies is a better allocation opportunity; High profile assets in scientific and technological growth and export chain, such as the concept of "Computational Power Leader", artificial intelligence, automotive electronics, etc., deserve attention, but the overall opportunity of the sector may wait until the fourth quarter of 2024. (Shanghai Securities News)