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广发证券:国庆后市场对政策的乐观期待依然会推高股市

gf sec: Market optimism towards policies is still expected to boost the stock market after the National Day.

Breakings ·  Oct 1 14:50

GF Securities believes that after a significant and rapid increase in the market, optimistic expectations of policies will continue to boost the stock market. With consecutive catalysis of monetary, fiscal, and capital market policies, the overall policy expectations are reversing, and economic optimism is starting to ferment. Historically speaking, the current valuation of A-shares is not considered expensive even after the rise, still having some room for upward movement. In the future, as fiscal policies continue to strengthen, it will help to boost fundamental expectations and drive the gradual development of intermediate-level market trends. 'It is expected that the post-holiday earning effect will continue, and the market may continue its upward trend.' Yang Delong, Chief Economist of Qianhai Kaiyuan Fund, also believes that although there may be fluctuations after a continuous rise for 5 trading days in the short term, the overall trend has been established. During the holiday, more off-site funds may actively enter the market, and investors who were previously in a cash position or had low positions may become new forces after the holiday.

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