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華泰證券:上證指數接近支撐位的信號增多
華泰證券研報指出,節前上證指數達階段性新低,但接近支撐位的信號增多:①8月社融、通脹數據顯示實體部門內生需求仍待修復,但投資者對該利空信息反應鈍化表明市場或已處於底部區間;②強勢資產(紅利行業)補跌程度或也是市場底部的觀察指標之一,目前浮籌出清或接近尾聲,股債性價比回落至去年底部水平或指示紅利資產投資性價比有所回升;③除此之外,融資平倉壓力或接近尾聲,估值分化係數也回落至2018年水平。配置上建議關注非金融A50、供需雙向改善行業、降息強受益的醫藥/港股等。
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