20240730-国金证券-国金晨讯_6页_599kb

** summary:**

市场指数回顾与分析 (截至 2024/7/29)

• 单日涨跌幅： 上证指数微涨 0.03%，深证成指、北证50、科创50、创业板指、中小综指多数下跌，恒生指数大幅上涨 1.28%。年初至今多数指数延续下跌趋势。
• 资金流向： 北向资金当日净卖出 49.85亿元，年初至今累计净买入 481.3亿元；南向资金当日净买入 69.4亿元，年初至今累计净买入 386.611亿元。

板块表现

• 申万一级行业： 综合(+2.04%)、银行(+1.39%)、建筑装饰(+1.18%)、通信(+1.09%)、国防军工(+1.00%)等板块表现较好；电力设备(-17.20%)、食品饮料(-16.50%)、建筑材料(-14.60%)、美容护理(-13.90%)、房地产(-13.30%)等板块跌幅居前。

分析师观点更新

• 消费: 食品饮料分析师叶韬分析，白酒板块目前处于淡季，基本面变化有限。建议关注内需预期和中报业绩，各高端酒及龙头标的有较好性价比。
• 材料与金融: 李超指出，尽管近期美国经济数据超预期对金价有短期利空，但通胀降温趋势和预期降息仍将支撑金价，关注黄金股机会。
• 量化: 高智威认为降息超预期落地利好流动性，量化因子如价格区间表现优异，构建的指数增强策略表现良好。
• 传媒互联网: 陈泽敏看好万达电影的非票业务和内容合作潜力。
• 电子: 樊志远指出乐鑫科技半年报业绩超预期，新品放量和规模效应带来利润弹性。

** Total Market Review and Analysis (as of 2024/7/29)**

• Single-Day Changes: Shanghai Composite Index rose slightly by 0.03%; Shenzhen Component, Beijing Stock Exchange 50, STAR Market 50, ChiNext Index, and Small and Medium-sized Enterprise Composite Index mostly declined. The Hang Seng Index saw a significant increase of 1.28%. Year-to-date performance for most indices has remained bearish.
• Funds Flow: Northbound funds net sold 49.85 billion CNY on the day, adding up to 481.3 billion CNY since the beginning of the year; Southbound funds net bought 6.94 billion CNY, totaling 386.611 billion CNY.

Sector Performance

• SWS Industry Classification: Real Estate (+2.04%), Bank (+1.39%), Construction (+1.18%), Communication (+1.09%), Defense (+1.00%) were top performers. Power Equipment (-17.20%), Consumer Staples (-16.50%), Building Materials (-14.60%), Beauty Care (-13.90%), and Real Estate (-13.30%) were among the worst performers.

Viewpoint Updates from Analysts

• Consumer: Analyst Ye Tao suggests focusing on demand expectations and Q2 earnings in the Baijiu sector currently in its off-season, recommending high-end and leading brands with attractive valuations.
• Materials & Financial: Analyst Li Chao notes that while recent US data had a slight bearish effect on gold prices, ongoing inflation decline and expected interest rate cuts support gold. Gold stocks are expected to benefit.
• Quant: Analyst Gao Zhiwei believes the surprise rate cuts have eased liquidity constraints, favoring market stabilization. Quant factors, particularly price range, performed well.
• Media & Internet: Analyst Chen Zemen highlights growth potential for Wanda Cinema in non-ticket revenue and from its partnership.
• Electronics: Analyst Fan Zhiyuan reports better-than-expected H1 performance (Revenue +9.2 billion CNY; Net Profit +15.2 billion CNY) for Luxshare Precision Technology, citing product/market expansion and R&D gains.