A-shares opened lower and went higher, rising sharply.

The three major A-share stock indexes collectively opened lower on November 27. The two markets rebounded after bottoming out in early trading and successfully closed up in early trading. After a short period of narrow fluctuations in the afternoon, the two cities continued to rise and expand their gains.

From the perspective of the market, the IP economy, kitchen and bathroom appliances, and games sectors were among the top gainers, while the low-emission glass, petroleum processing trade, and fertilizer sectors were among the top losers.

At the close, the Shanghai Composite Index rose 1.53% to 3,309.78 points; the Science and Technology Innovation 50 Index rose 3.61% to 985.97 points; the Shenzhen Component Index rose 2.25% to 10,566.1 points; and the GEM Index rose 2.73% to 2,208.78 points.

Wind statistics show that a total of 4329 stocks in the two cities and the Beijing Stock Exchange rose, 911 stocks fell, and 126 stocks were flat.

The total transaction volume of the Shanghai and Shenzhen stock exchanges was 1.4587 billion yuan, an increase of 153.7 billion yuan from the previous trading day's 1.305 billion yuan. Among them, transactions in Shanghai were 571.6 billion yuan, an increase of 62.1 billion yuan from the previous trading day of 509.5 billion yuan, and transactions in Shenzhen were 887.1 billion yuan.

According to Big Wisdom VIP, a total of 166 stocks in the two cities and the Beijing Stock Exchange increased by more than 9%, and 25 stocks fell by more than 9%.

Media stocks opened lower and moved higher, leading the two markets

In terms of sectors, millet's economy continued to rise, with lower-opening media stocks rising all the way, and even rose sharply in the afternoon. Tom Cat (300459), Baina Qiancheng (300291), Fuchun Shares (300299), Palm Technology (300315), Toocle (002095), etc. rose by more than 10%.

The national defense industry reversed its withdrawal, with Huaru Technology (301302), Sikerui (688053), Zhimingda (688636), Xingtu Xinke (688081), China Satcom (601698), and Star Net Yuda (002829) trading up or up more than 10%.

Semiconductors strengthened in late trading, with Zhenlei Technology (688270) approaching the 20cm daily limit, while Deceli (688205), Canxin (688691), Cambrian (688256), Jianghuawei (603078), etc. rose more than 7%.

The papermaking sector fell against the market, with Yueyang Vocational (600963) falling to a limit, and Maliyun (000815) and Songyang Resources (603863) falling more than 2%.

Auto stocks performed poorly. Bohai Automobile (600960) fell to the limit, while Jianghuai Automobile (600418) and Guansheng Shares (605088) fell more than 4%.

Petroleum and petrochemicals weakened, Bohai Chemical (600800) fell to a limit, and Renzhi (002629), Daqing Huake (000985), Maohua Shihua (000637), Shenyang Chemical (000698) fell more than 2%.

Short-term market shocks have increased

Zhongyuan Securities Research News believes that from the perspective of the internal environment, policy effects appear, but transmission still requires a process, and the recovery of economic data needs to be closely tracked in the future. Judging from the external environment, the U.S. economic data is strong and the pace of interest rate cuts may slow down. Coupled with the large short-term gains in A-shares, some investors have been safe, and the short-term market shocks have increased. As domestic macro-control and growth-promoting policies continue to be implemented, the overall stock index is expected to maintain a volatile upward pattern in the future. At the same time, it is still necessary to pay close attention to changes in policy, funding and external factors. It is recommended to focus on investment opportunities in industries such as household light industry, logistics, food and beverage, and traditional Chinese medicine in the short term.

Hualong Securities pointed out that policies to promote incremental funds into the market will benefit the market's medium and long-term performance. After the introduction of the capital market incremental policy in September, market expectations were boosted. Various types of funds on the supply side grew significantly, and market transaction volume increased significantly, allowing the market to maintain a high level of activity. As economic fundamentals are expected to improve, policies promote long-term incremental funds into the market, which will benefit the market's medium-and long-term performance. Against the background of promising market incremental funds, combined with policy catalysis and recent capital trends, it is recommended to focus on the following directions: First, technological growth. The superimposed policy-driven effects of the sectors benefit from the growth space brought by the development of new productive forces. Focus on: media, low-altitude economy, etc. The second is green development. Policies promote the green and low-carbon transformation of the industry and optimize the scale and layout of production capacity. Focus on: steel, mergers and acquisitions, market value management topics, etc. Third, real estate has stabilized. As a pillar industry, the real estate industry has a major impact on economic development. The real estate market has stopped falling and stabilized, which will help stabilize economic growth expectations. Focus on: real estate chain, etc. Fourth, non-bank finance. Policies promote medium-and long-term funds to enter the market, and the capital market's function of promoting wealth appreciation is expected to be fully exerted in the long run. Focus on: Securities, etc.

Everbright Securities released a research report saying that the reform of state-owned enterprises has been further advanced, and the market value management target and the "one profit and five rates" assessment are expected to enhance the capital market recognition of state-owned enterprises and further enhance the capital market value of state-owned enterprises. The 24-year low interest rate environment is expected to be maintained, and high dividend targets are expected to receive continued market attention. It is recommended to pay attention to high dividend targets in sub-industries such as highways, railways, ports, and bulk supply chains.

Founder Securities Research News said that in the short term, gold prices are expected to maintain a high and volatile trend driven by the logic of safe-haven trading; in the medium and long term, considering that the United States has entered a monetary easing cycle and the economy has shown signs of downside, gold prices are driven by multiple factors. Continue upward momentum.

How to view the recent decline in turnover? Cinda Securities said that from the perspective of turnover rate (transaction volume/market value in circulation), the stock market turnover rate has rebounded significantly during all major markets since 2005. However, it should be noted that the fluctuation of turnover rates is often much larger than the index. During major market periods, the index will also adjust, but the retracement is often controllable. The fluctuations in the turnover rate tend to be more intense. Every time the turnover rate rises rapidly, it is often accompanied by a rapid decline.

China Merchants Securities said that the recent market adjustment is mainly caused by four factors: First, the large increase in the previous period and the demand for safety at the end of the year. In the past two months, the index has generally increased by more than 20%. However, in the context of poor overall market performance in previous years, investors 'confidence in the sustainability of earnings still needs time to recover. The second is performance pressure. The year-end performance disclosure period may bring performance pressure, especially small and medium-sized stocks may face greater pressure. Third, it is influenced by the geopolitical pattern. Fourth, the US dollar index and US bond yields have strengthened.