民生证券:牛市或处中继再吸筹阶段

GateNews

金十数据9月7日讯,民生证券发布研报称,牛市或处中继再吸筹阶段。从上涨驱动力来看,本轮牛市流动性为主导。今年以来的市场上涨主要由流动性宽松所驱动,A股景气度虽基本见底但仍处于较低位置。长周期维度看,在流动性没有明确收紧迹象之前,市场见顶的可能性相对较小。交易情绪来看,两融成交额占全市场成交比例持续攀升,市场交易热度高涨。市场交易存在过热现象,历史经验来看调整后短期内再大幅上涨概率较低,或进入中继再吸筹阶段,两融交易若热度骤减可能会对TMT等两融交易参与度较高的板块短期内产生一定冲击。

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