机构策略：A股指数震荡收涨市场情绪有所转暖

证券时报网2023-09-28

招商证券指出，当前股票市场微观资金供需继续修复，资金需求端，政策约束下IPO、再融资、减持等规模明显放缓；资金供给端，ETF整体持续净申购，融资持续净流入。当前正处于微观资金面触底改善的初期，盈利拐点流动性拐点和外部环境变化或有望推动成长风格出现上行拐点，大盘蓝筹四季度占优的概率大。渤海证券认为，对于长线投资者，可以持有备兑策略，结合目前的市场趋势和隐含波动率水平，可以选择卖出虚值期权，长期来看，...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2370571942?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2023-09-28 07:08","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2370571942","market":"sh","top_or_hot":-1,"title":"机构策略：A股指数震荡收涨 市场情绪有所转暖","media":"证券时报网","content":"<div>\n<p>招商证券指出，当前股票市场微观资金供需继续修复，资金需求端，政策约束下IPO、再融资、减持等规模明显放缓；资金供给端，ETF整体持续净申购，融资持续净流入。当前正处于微观资金面触底改善的初期，盈利拐点流动性拐点和外部环境变化或有望推动成长风格出现上行拐点，大盘蓝筹四季度占优的概率大。渤海证券认为，对于长线投资者，可以持有备兑策略，结合目前的市场趋势和隐含波动率水平，可以选择卖出虚值期权，长期来看，...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230928070835826ff797&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>机构策略：A股指数震荡收涨 市场情绪有所转暖</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n机构策略：A股指数震荡收涨 市场情绪有所转暖\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-28 07:08 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230928070835826ff797&s=b><strong>证券时报网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>招商证券指出，当前股票市场微观资金供需继续修复，资金需求端，政策约束下IPO、再融资、减持等规模明显放缓；资金供给端，ETF整体持续净申购，融资持续净流入。当前正处于微观资金面触底改善的初期，盈利拐点流动性拐点和外部环境变化或有望推动成长风格出现上行拐点，大盘蓝筹四季度占优的概率大。渤海证券认为，对于长线投资者，可以持有备兑策略，结合目前的市场趋势和隐含波动率水平，可以选择卖出虚值期权，长期来看，...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230928070835826ff797&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0180","symbol_name":"装配式建筑","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230928070835826ff797&s=b","article_id":"2370571942","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230928070835826ff797&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2370571942","pubTimestamp":1695856110,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"渤海证券认为，对于长线投资者，可以持有备兑策略，结合目前的市场趋势和隐含波动率水平，可以选择卖出虚值期权，长期来看，备兑策略相对于标的指数可以取得更好的收益风险比。对于中短线投资者，可以继续持有做多波动率的策略。从日历效应上来看，波动率层面四季度各标的指数均呈低位波动的走势，因此可以逢高卖空远月波动率进行对冲。市场情绪有所转暖，但节前大概率还是震荡为主，毕竟成交量没有持续放大来助攻。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK0180":"装配式建筑","BK0174":"增持","BK0178":"特色小镇","BK0196":"行业龙头","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","BK0187":"一线龙头","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","000002":"万科A","BK0028":"国家队","BK0157":"深圳前海新区","BK0086":"举牌","BK0188":"融资融券","BK0273":"房地产"},"translate_title":"Institutional strategy: The A-share index fluctuated and closed, and the market sentiment warmed up","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000002":0.9},"content_text":"招商证券指出，当前股票市场微观资金供需继续修复，资金需求端，政策约束下IPO、再融资、减持等规模明显放缓；资金供给端，ETF整体持续净申购，融资持续净流入。当前正处于微观资金面触底改善的初期，盈利拐点流动性拐点和外部环境变化或有望推动成长风格出现上行拐点，大盘蓝筹四季度占优的概率大。渤海证券认为，对于长线投资者，可以持有备兑策略，结合目前的市场趋势和隐含波动率水平，可以选择卖出虚值期权，长期来看，备兑策略相对于标的指数可以取得更好的收益风险比。也可以利用牛市价差组合、比率价差组合以及对角价差组合等策略来做多指数。对于中短线投资者，可以继续持有做多波动率的策略。目前各标的波动率指数已升至年度中枢以上，不过仍略低于历史均值，50ETF期权波动率指数近五年波动中枢稳定在20-23的区间内，考虑到各波动率指数仍处于上升趋势中，相对而言，做多波动率仍具备一定的性价比。从日历效应上来看，波动率层面四季度各标的指数均呈低位波动的走势，因此可以逢高卖空远月波动率进行对冲。源达指出，周三指数情绪较昨日明显转变，一方面受益于八月工业企业利润向好的刺激，另一方面央行三季度例会也强调做好逆周期和跨周期调节，资金情绪有所带动。只不过时间节点确实比较尴尬，十一假期的不确定性也对于资金上攻来讲有所冲击，所以走出冲高回落状态。好在重回5日线上方，止跌意义明显。创业板指相对强势，向13日线发起攻击，后续重视能否进一步走好。本身创业板也是跌幅较深的指数，如果在这个位置能够止跌企稳，那对于市场底部的走出还是能发挥正面影响的。市场情绪有所转暖，但节前大概率还是震荡为主，毕竟成交量没有持续放大来助攻。另外盘面接近普涨下预计后续分化概率加大，有些品种如风电、光伏、储能等更多也是超跌反弹的状态，板块共振性能否延续还有待追踪。所以情绪上建议切忌盲目抄底，看不清楚时多看少动仍为上策，保持客观策略灵活应变。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2370571942","isCrawlerRequest":true}

机构策略：A股指数震荡收涨 市场情绪有所转暖

精彩评论

机构策略：A股指数震荡收涨市场情绪有所转暖