Today (November 7), the three major A-share indexes opened low and closed high. As of the close, the Shanghai Composite Index rose by 2.57%, the Shenzhen Component Index rose by 2.44%, the ChiNext Price Index rose by 3.75%, and the CSI 500 Index rose by 3.39%. The total trading volume of the entire market exceeded 2.5 trillion yuan, with over 4,500 stocks rising.

On the market side, sectors generally rose, with significant gains in major financial stocks. Insurance and brokerage sectors led the gains, with multiple stocks such as CITIC Securities, China Securities, China Life Insurance, and New China Life Insurance hitting the limit up. Consumer concept stocks surged, leading to a surge in the liquor sector with Luzhou Laojiao and Anhui Yingjia Distillery hitting the limit up. The real estate sector strengthened, with China Fortune Land Development, Greenland Holdings Corporation, etc., hitting the limit up. In addition, tourism, gas heating, food and beverage, hotel dining, and other sectors led the gains.

In terms of trading volume, the total trading volume of the Shanghai and Shenzhen stock markets throughout the day amounted to 2505.077 billion yuan, a decrease of 57.766 billion yuan from the previous day. Specifically, the trading volume in Shanghai was 1048.841 billion yuan (compared to 1026.808 billion yuan the previous trading day), with a volume of 0.96 billion shares (compared to 0.896 billion shares the previous trading day); the trading volume in Shenzhen was 1456.236 billion yuan (compared to 1536.035 billion yuan the previous trading day), with a volume of 1.223 billion shares (compared to 1.215 billion shares the previous trading day). East Money Information led in trading volume at 57.876 billion yuan, followed by Shanghai Electric Group, China Greatwall Technology Group, CITIC Securities, and Sichuan Changhong Electric with trading volumes of 24.892 billion yuan, 16.179 billion yuan, 15.538 billion yuan, and 13.295 billion yuan respectively.

In terms of capital flow, the net outflow of main funds in the Shanghai and Shenzhen stock markets today was 10.011 billion yuan, accounting for 0.4%; the net outflow of large funds was 13.32 billion yuan, accounting for 0.53%; the net inflow of small funds was 21.317 billion yuan, accounting for 0.85%.

Brokerage Views Sharing

HTSC's report points out that against the backdrop of 'stabilization' by the end of September, the real estate industry has shown bullish signals, and it is expected that the industry fundamentals will improve by 2025. Future attention can be paid to the implementation of local policies, adjustments in mortgage rates, and progress in land acquisition and storage policies, which will impact the real estate market recovery. With the enhancement of policy 'combinations' boosting market confidence, the valuation of the real estate sector is expected to further recover.

CSC Securities points out that China's real estate policies are gradually being implemented, and the market is expected to stabilize gradually from first-tier cities. It is expected that by 2025, the decreases in various indicators such as sales of commercial housing, new construction, completion area, and investment in the real estate development industry will narrow, but the decline in completion area remains significant. With the launch of high-quality land plots, profits and sales in the real estate development industry may further differentiate, and regional market trends may become more diverse.

csc pointed out that in the 924 market, a-shares showed a general upward trend, mainly driven by three main themes: increased activity in the capital markets (such as brokerageMergerusa election results may affect short-term momentum, but will not change the overall upward space and direction.

htsc believes that the post-holiday adjustment has not changed the upward space. Positive policies since the end of September have boosted market sentiment and significantly improved market liquidity. The technology growth sectors such as electronics and computers are at low valuation levels and have industry buyback support, with the potential for upward movement.

dongxing securities believe that the market style may shift from small-cap stocks to mid-to-large-cap stocks. After the rise of small-cap stocks, large-cap blue-chip stocks are expected to catch up, as they have low valuations and high earnings growth certainty, especially in the context of economic recovery, becoming the favored direction of institutions.