surged, with the two cities closing in 636.8 billion yuan.

The three major A- share indexes opened slightly higher on December 27. In early trading, the two cities fluctuated within a narrow range, and the pull of brokerage stocks before noon led to a rapid upward attack in the two cities. Afternoon high volatility in the two markets, rising stocks increased significantly.

from the disk, semiconductor, telecommunications, oil and gas, pork industry led the rise, prefabricated vegetables, HBM, computing power, MR head show, data elements theme active, brokerage stocks rose.

By the close of trading on December 27, the Shanghai Composite Index was up 0.54 per cent at 2914.61 points, the 50 index was up 0.58 per cent at 830.06 points, the Shenzhen Composite Index was up 0.38 per cent at 9191.74 points, and the ChiNext index was up 0.07 per cent at 1809.83 points.

Wind statistics show that a total of 3755 stocks in the two cities and the Beijing Stock Exchange rose, 1394 stocks fell, and 173 stocks were flat.

On December 27, the total turnover of the Shanghai and Shenzhen stock markets was 636.8 billion yuan, an increase of 26.9 billion yuan from 609.9 billion yuan on the previous trading day. Among them, the Shanghai stock market traded 279 billion yuan, an increase of 18.8 billion yuan from 260.2 billion yuan on the previous trading day, and the Shenzhen stock market traded 357.8 billion yuan.

according to VIP of great wisdom, 44 stocks in the two cities and the north stock exchange rose by more than 9% and 31 stocks fell by more than 9%.

northbound funds returned from the holiday on December 27. in the afternoon, they increased their positions and bought 5.678 billion yuan net all day. Among them, Shanghai Stock Exchange net purchase of 3.724 billion yuan, Shenzhen Stock Exchange net purchase of 1.954 billion yuan.

brokerage stocks rose sharply before noon, with semiconductors leading the two markets up

in the sector, brokerage stocks rose rapidly before noon, driving non-bank financial performance eye-catching, Hualin Securities (002945), Huaxin shares (600621) and other once up and down, Huajin Capital (000532), Guosheng Gold Control (002670)4%.

semiconductor gains led the two cities, with jingyi equipment (688652), core sea technology (688595) up more than 10%, shengke communications (688702), core source micro (688037), xinyichang (688383) up more than 6%.

agriculture, forestry, animal husbandry and fishery rose at the top, with Boen Group (001366) up, Shennong Group (605296), Tang Renshen (002567) up more than 7%, Sobao Protein (603231) and Dongrui Stock (001201) up more than 3%.

trade and retail fell at the top, with league of nations shares (603613) and cross-border communication (002640) falling by more than 1%, while contact interaction (002280) and Antarctic e-commerce (002127) fell by more than 1%.

media stocks returned to the decline, with longyun shares (603729), huayang lianzhong (603825) and longban media (605577) falling by their limit, while tianlong group (300063) and insai group (300781) fell more than 8%.

power equipment underperformed, with wo mai shares (688032), jinlongyu (002882), solid dewei (688390) and pineenergy technology (688063) falling more than 3%.

Pay attention to whether the market volume can continue to enlarge

Guotai Junan said that the index is in the bottoming stage of shocks, focusing on whether the market volume can continue to enlarge. After the continuous shrinkage finishing, the market ushered in short-term rebound elastic repair, the early hot main line gradually active. However, after a sustained decline, market sentiment is relatively cautious, whether the follow-up turnover can continue to enlarge, and whether there can be a sustained strong leading plate is still the focus of follow-up attention. From the mid-line point of view, the market positive signals gradually increased. Overseas, the market is widely expected that the Fed will end the current cycle of interest rate hikes and turn to interest rate cuts next year, the U. S.-China interest rate differential is expected to return to widening, will drive northbound funds back to net inflows. The market is generally in a volatile bottoming stage.

thematic recommendations focus on data elements/millet ecological chain/AI smart terminal/production capacity to go to sea. 1) Data elements: "Data elements x" action plan released, data asset financing model landed. Focus on public data supply and data service providers; 2) Xiaomi ecological chain: the first model release will drive supply chain demand, high-end strategy shows results. Focus on 3C and automotive supply chain; 3)AI intelligent terminal: AI processor and end-side large model iteration acceleration, terminal equipment to welcome the new product cycle. It is recommended to pay attention to the terminal machine and components, 4) production capacity to sea: relying on the domestic industrial chain and capacity advantages to open up overseas incremental markets. You can focus on hand tools/auto zero/cross-border e-commerce.

Guosheng Securities believes that from a technical point of view, considering that the index is below the major moving averages, and the Shanghai stock index's early low of 2882 points may become an important support, short-term breakdown may not be large, and the market volatility in this position is more opportunities than risks. In the second half of the week, the Shanghai stock index may return to the rebound rhythm, while the gem index is likely to follow the rebound of the Shanghai stock index. From the time cycle, Thursday for the market change window, focus on volume and market sentiment changes, volume can or determine the height of the rebound, short-term focus on the Shanghai index above 2935 points near the resistance and below 2882 points near the support. Operationally, in the market before the effective force is still to control the overall position, suitable for low suction, oversold "institutional heavy position varieties" is expected to become the main driving force of the market rebound, focus on the central enterprises and some layout of artificial intelligence, pharmaceutical stocks repair rebound opportunities.

citic securities pointed out that since 2023, typical "growth anchor" plates such as Shuangchuang Board and some weighted growth stocks in previous years have achieved a decline in growth, resulting in changes in the ranking structure of market growth characteristics and passive improvement in the growth ranking of stable business plates, giving birth to a dumbbell configuration mode during the year. In terms of sub-sectors, the food and beverage, electric power and new energy industries are typical "profit anchor" and "growth anchor" decline sectors. At present, 2024 is expected to be acceptable, and attention should be paid to the cashing situation. The five industries of household appliances, automobiles, textiles and clothing, electric power and public utilities and banks have significant stable profit characteristics, and are expected to maintain the past profit level in 2024, it is expected that the stable and dividend strategies associated with it will maintain a better performance in 2024; the TMT sector is associated with longer-term growth in 2023, and attention should be paid to the expected changes and cashing in 2024 and longer-term growth.

Zhongyuan Securities pointed out that the current average price-earnings ratios of the Shanghai Composite Index and the ChiNext Index are 11.68 times and 31.95 times respectively, which are below the median level in the past three years. The market valuation is still in a low area, which is suitable for medium and long-term layout. In the future, the overall stock index is expected to maintain a volatile pattern, while still need to pay close attention to changes in policy, capital and external factors. Investors are advised to pay short-term attention to investment opportunities in industries such as fertilizer, oil, electricity and public utilities.