The October export data exceeded expectations. The main A-share index opened low and moved higher today. The three major indices all rose more than 2.4%; by the close, the Shanghai index rose 2.57% to 3,470 points, the Shenzhen Stock Exchange index rose 2.44%, and the GEM index rose 3.75%. It traded 2.51 trillion yuan throughout the day, down 57.8 billion yuan from the previous trading day. The entire market rose by more than 4,500 shares, and less than 800 shares fell.

On the market, the central bank said it is studying work related to further optimizing the business environment and promoting a high level of opening up the financial industry to the outside world; the big financial sector boosted; the rise and fall of CITIC securities reached a record high level; China Life Insurance rose and stopped at the end of the session; the big consumer sector rose overall, leading the way in food and beverage, dairy, beer concept sectors, etc.; the aquaculture sector is active, and many stocks such as the League of Nations Fisheries rose and stopped; “Opinions on using snow and ice sports to stimulate the vitality of certain ice and snow economies” Issued, the tourist hotel sector strengthened, and many stocks such as Changbaishan rose and stopped; real estate development, Sectors such as commercial department stores and prepared food registered the highest gains. In addition, the precious metals sector declined, with Chifeng Gold leading the decline; the aerospace sector pulled back, and Jialiqi fell more than 9%; photovoltaic equipment and robot concepts had the highest declines.

Let's take a look specifically:

Consumption increased across the board, with active performance in various directions such as liquor beverages and tourist hotels. Many stocks such as Rock Shares, Alcoholic Liquor, Laibai Liquor, Shede Liquor, Yingjiagongjiu, and Huangtai Liquor rose and stopped.

According to the news, according to the 2024 three-quarter report, the five leading wine companies in Kweichow Moutai, Wuliangye, Shanxi Fenjiu, Yanghe Co., Ltd. and Luzhou Laojiao had total revenue of 271.869 billion yuan in the first three quarters, up 11.07% year on year; total net profit was 117.28 billion yuan, up 10.74% year on year. Furthermore, consumer promotion policies continue to unleash new benefits. Recently, Vice Minister of Commerce Sheng Qiuping said that the Ministry of Commerce will work with relevant departments to introduce a number of new consumer policies.

The big financial sector boosted, and brokerage and insurance stocks exploded. Among insurance stocks, Tianmao Group, Xinhua Insurance, and China Life Insurance went up and down, while Ping An of China, China Insurance, and China Taibao rose more than 5%.

Among brokerage stocks, Oriental Wealth rose more than 13%, while many stocks such as CITIC Construction Investment, CITIC Securities, Capital Securities, and Hualin Securities rose and stopped.

According to the news, on November 6, the People's Bank of China held a symposium of foreign financial institutions to listen to opinions and suggestions from foreign financial institutions and study work related to further optimizing the business environment and promoting a high level of opening-up of the financial industry to the outside world.

The real estate sector set off a tidal wave. Huaxia Happiness has 9 consecutive boards, Rongsheng Development has 3 consecutive boards, and more than 15 stocks including Nanguo Real Estate, Huayuan Real Estate, Greenland Holdings, Caixin Development, and Shenzhenye A have risen and stopped.

According to the news, the Ministry of Housing, Urban-Rural Development's “National Real Estate Market Monitoring System” online data shows that the total number of newly built commercial housing and second-hand housing transactions in the country increased by 3.9% year-on-year in October, the first increase since eight consecutive months of decline in February this year.

Coal stocks showed active performance. Baotailong, Zhengzhou coal and electricity rose and stopped, Yunmei Energy, and Anyuan coal industries rose more than 6%, while Huayang shares and Northern International followed suit.

The Cathay Pacific Junan Research Report said that with the US election, Trump's successful election is expected to accelerate the release of relevant policies to boost domestic demand. In 2024, against the backdrop of increasing downward pressure on overall demand, coal showed price resilience that exceeded expectations, reflecting the stability of supply and demand.

Precious metals stocks declined, with Chifeng Gold, Hunan Gold, and Shanjin International falling more than 4%, while CICC Gold, Shandong Gold, and Sichuan Gold followed suit.

Looking ahead to the future market, Dongxing Securities believes that the index is still in a phase of strong volatility. With the introduction and implementation of the policy, market transactions are expected to remain at a high level, and the market rotation pattern will continue.

Looking at the direction of investment, in addition to the core finance and technology in the early stages, more hot spots began to rotate, and the lower sector represented by consumption and cycle began to gradually perform. After the US election was held, more attention should be paid to trends in autonomous and controlled sectors, more attention should be paid to trends in the consumer sector, and at the same time maintain a cautious and optimistic view of the export chain. From an allocation perspective, big finance is still the weather vane for the market index. Autonomy and control are gradually entering the stage of full flowering. Combined with expectations of restructuring and mergers and acquisitions, the technology stock market will continue throughout the market and is the core sector of this round of the market.