CITIC Construction Investment: Mid-term Market Still to Be Shaped by Capital Rotation in Thriving Growth Sectors
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Author:小编   

According to a research report by CITIC Construction Investment Securities, prior to the National Day holiday, the market typically encounters a tightening of liquidity, a phenomenon predominantly influenced by market sentiment. Post-holiday, however, the market frequently kicks off with vigor, especially in bullish conditions, where the upward momentum tends to be more enduring. Furthermore, extended holidays and favorable events often act as concurrent catalysts for the market, rendering it a prudent strategy to retain stock holdings over the holiday period. Lately, the market's spotlight has shifted towards domestic policies and the burgeoning structural industries, with a diminished focus on Sino-US relations. Since September, there have been intermittent signs of improvement in Sino-US ties, a development that the market might factor into its fourth-quarter valuations. Following a period of intense trading in the computing power sector, market capital is now gradually flowing into other emerging growth sectors that are currently undervalued. The mid-term market outlook suggests a continuation of its gradual bullish trend. Considering that the macroeconomic recovery is not yet complete, the burgeoning new sectors with structural growth potential will emerge as pivotal investment avenues. Investors are advised to concentrate on thriving sectors that are experiencing a convergence of catalytic events, including semiconductors, new energy, humanoid robots, innovative pharmaceuticals, and non-ferrous metals, to name a few.