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Industrial Securities: A-share companies delivered better-than-expected revenue and net profit growth in the first three quarters.
Industrial Securities released a research report stating that the overall revenue and net profit of all A-share companies achieved year-on-year growth in the first three quarters. The overall ROE (TTM) of all A-shares rebounded, while the non-financial sector saw little change.
End of consolidation for small and mid-cap stocks? CSI 2000 ETF Fund rises 2%, while CSI 2000 ETF Fuguo increases by 1.95%.
Continue to rise
Technical indicators in China significantly outperform those in the United States, particularly in small-cap stocks.
UBS Group's research has found that price and volume-based technical indicators exhibit remarkable effectiveness in the Chinese A-share market, particularly in the small-cap sector, where the generated excess returns significantly surpass those of the U.S. stock market in both 'magnitude of returns' and 'breadth of effectiveness.'
Express News | As low as 0.1 million yuan, Huatai Berry China Securities 2000 Index increased purchase limit
Founder Securities: There is still room for the valuation of small and micro-cap stocks to rise, and subsequent structural opportunities are worth watching.
After the rise in stock prices, the valuation of small and micro-cap stocks has not overheated, and securities firms advise focusing on structural opportunities.
ETF Afternoon Review | Cross-border ETFs dominate the Top Gainers, with the S&P Oil & Gas ETF rising over 4% and the S&P CSI Cons Stap ETF rising over 3%.
On December 23, according to Gelonghui, the three major A-share indices showed mixed results in the morning session. By midday, the Shanghai Index rose by 0.21%, the Shenzhen Component Index fell by 0.25%, the Chinext Price Index dropped by 0.20%, the North Certifiable 50 Index decreased by 0.39%, and the Micro Cap Index lost 5.38%. The All Market half-day trading volume reached 998.7 billion yuan, an increase of 77.9 billion yuan compared to the previous day. There was a divergence in Small Cap and Large Cap stocks, with over 4,500 stocks in the All Market declining. In terms of sectors, the cultivated diamonds, large finance, and Central Enterprises estimates sectors had the largest gains; while education, gaming, and cultural media sectors experienced the largest losses. In the ETF sector, cross-border ETFs dominated the Top Gainers list, with the Harvest Fund's S&P Oil & Gas leading.