The Shanghai Composite Index rose slightly, once again successfully standing above 3,300 points.

The three major A-share stock indexes collectively opened slightly lower on October 23. The morning opened lower and higher, and the two cities expanded slightly before noon. In the afternoon, brokerage stocks dived, resulting in a wave of sharp declines in the two cities, and the index turned green directly.

From the perspective of the disk, the photovoltaic industry chain broke out in the afternoon, and the themes of wind power, low-altitude economy, CPO, and lithium batteries were active. Artificial intelligence, lithography machines, education, and consumer electronics concept stocks weakened.

At the close, the Shanghai Composite Index rose 0.52% to 3,302.8 points, the STAR 50 Index fell 0.68% to 979.15 points, the Shenzhen Component Index rose 0.16% to 10,576.41 points, and the ChiNext Index fell 0.53% to 2,205.3 points.

Wind statistics show that a total of 2,751 stocks rose in the two cities and the Beijing Stock Exchange, 2,420 stocks declined, and 181 stocks were flat.

The total turnover of the Shanghai and Shenzhen stock exchanges was 1,926.9 billion yuan, an increase of 14.3 billion yuan from 1,912.6 billion yuan on the previous trading day. Among them, the Shanghai market turnover was 760.1 billion yuan, an increase of 61.2 billion yuan from the previous trading day's 698.9 billion yuan, and the Shenzhen market turnover was 1,166.8 billion yuan.

According to Great Wisdom VIP, a total of 165 stocks in the two cities and the Beijing Stock Exchange rose by more than 9%, and 9 stocks fell by more than 9%.

The defense industry continues to rise, and semiconductors are sluggish

In terms of plates, the national defense industry continued to attack, and Hangxin Technology (300424), Tianhai Defense (300008), China UAV (688297), Guangqi Technology (002625), and China Optics (002189) rose by more than 10%.

Power equipment continued to strengthen, and nearly 20 shares such as Haiyou New Materials (688680), Haili Wind Power (301155), Jinfu Technology (300128), Daqo Energy (688303), Nandu Power (300068), and Jinlei (300443) rose by more than 10%.

The

stall economic sector is sought after by funds, food and beverage continue to rebound, Xiangpiaopiao (603711), Ganyuan Food (002991), Rock Shares (002991) and other daily limits, Weilong shares (603779), Tianwei Food (603317), Jinshiyuan (603369) and so on rose more than 3%.

Semiconductors continued to be sluggish, Olaide (688378) fell more than 10%, Inter Technology (300077), Jinghua Micro (688130), Shanghai Belling (600171), Xinxiangwei (688593), Zhongjing Technology (003026), etc. fell more than 5%.

Brokerage stocks plunged sharply in the afternoon, and many stocks turned from rising to falling, with Jinlong shares (000712), Haitong Securities (600837), Huaxin shares (600621), Orient Securities (600958), Guolian Securities (601456), etc., falling more than 1%.

Media stocks fell first, with Wireless Media (301551), Guomai Culture (301052), Xinhua Media (600825), Huace Film and Television (300133) falling more than 8%, and Worth Buying (300785), Chinese Online (300364), and Tangde Film and Television (300426) falling more than 5%.

In the future, there is still a large opportunity for hot spot rotation

Zhongyuan Securities pointed out that the current average price-earnings ratios of the Shanghai Composite Index and the ChiNext Index are 13.67 times and 33.57 times respectively, which are at the median average level in the past three years and are suitable for medium and long-term layout. With the continuous implementation of domestic macro-control and pro-growth policies, the stock index is expected to maintain a volatile upward pattern in the future, while it is still necessary to pay close attention to the changes in policy, capital and external factors. It is recommended that investors pay attention to investment opportunities in industries such as new energy, semiconductors, software development, military industry, and automobiles in the short term.

Dongxing Securities pointed out that the market has entered the initial stage of the bull market, and the market investment thinking should be actively changed from the bear market thinking to the bull market thinking. The policy mix of credit easing and fiscal easing, coupled with a series of policies for the capital market, has produced a resonance between the expectation of economic recovery and the expectation of the capital market to improve. In the short term, we can pay attention to the central bank's loan increase in repurchase companies, and at the same time, we will continue to be optimistic about blue-chip companies with low valuations and high dividends after the implementation of swap facilities. In the context of the continuous improvement of risk appetite, the high elasticity of growth companies will become the core sector of the market, and brokers, financial IT, and technology stocks are still the main battlefields.

Founder Securities pointed out that overseas technology giants have deployed nuclear energy to solve the problem of energy supply under the demand for AI. Nuclear energy is cleaner and more efficient than traditional energy sources, helps reduce carbon emissions, and is more stable than wind power, photovoltaic and other energy sources. It is recommended to pay attention to the relevant targets of nuclear power equipment, especially those with layout in thorium-based molten salt reactors and sodium-cooled fast reactors. Pay attention to China Nuclear Power, China Nuclear Science and Technology, Hailu Heavy Industry, Jiadian Co., Ltd., Jiangsu Shentong, etc.

Galaxy Securities said that the catalytic margin weakened due to policy expectations among the two leading factors of the previous A-share surge, but it is still the main factor affecting the market at present. After the previous sharp rise, investor sentiment has entered a period of contradiction. Some investors are full of confidence in the subsequent trend of the market and continue to maintain a positive investment attitude; Another part of investors has become cautious because they are worried about a market correction. In addition, October is the disclosure period of the third quarterly report of A-shares, and performance expectations will continue to be another key factor driving market performance. As the countdown to the United States election approaches November, it is important to keep an eye on the election.

China Securities Construction Investment believes that the medium-term logic of "revaluing cattle" is still in place, and the policy clues continue to be verified. Short-term economic and policy expectations have been restored, and the market has gradually stabilized after a rapid correction, and sentiment has improved. In the short and medium term, the market characteristics are still in the second stage of the "tug of war", which can be viewed as a volatile period in a bull market. Investors need to maintain strategic patience, and it will take more conditions and time for the establishment of fundamental recovery expectations. The United States election has brought uncertainty to the Sino-US economic and trade relations, and at the same time, paying attention to the recent adjustment of the RMB exchange rate against the US dollar, it may also pose a disturbance to the expectation of short-term policy timing and strength. In general, the tug-of-war requires patience, not being impatient and not discouraged, focusing on the core company of the main line, and laying out the bargain.