Chinanews.com client Beijing, April 14 (Xie Yiguan) On April 14, A shares opened higher, the Shanghai index returned to 2800 points, and more than 3,000 stocks in the two cities rose. The organization believes that as more public company performance announcements are disclosed, the market will gradually bottom out, and the short-term market may still be repeated. In the medium term, A-shares will show a volatile upward trend.
The Shanghai index returns to 2800 points, and the concept of new energy vehicles is now rising and falling
As of the close, the Shanghai index rose 1.59% to 2,827.28 points; the Shenzhen Component Index rose 2.47% to 10,475.71 points; the ChiNext Index rose 3.24% to 1985.43 points. The turnover of the two cities reached 589.3 billion yuan in the whole day, which was a bit larger than the previous transaction.
Shanghai Stock Exchange chart.
On the disk, a total of 3,235 shares rose in the two cities, with 85 shares in daily limit; another 398 shares fell, and 4 shares in daily limit. The industry sector is in full swing, and the Internet, electrical equipment, semiconductor, cultural and educational leisure, general machinery and other sectors have risen ahead.
The scientific and technological theme is picking up, and the RCS concept rose more than 4% to lead the broader market. Lithium battery, Tesla and other new energy vehicle-related concepts have set a daily limit, and more than a dozen stocks such as Ganfeng Lithium, Ningde Times, and Outage have blocked the daily limit.
Net inflow of northbound funds exceeded 14 billion, hit a new high in February
On the 14th, the inflow of foreign capital into A shares was strong, with a net inflow of northbound funds of 14.229 billion yuan, a new high since February 3. Among them, the net inflow of Shanghai Stock Connect was 4.722 billion; the net inflow of Shenzhen Stock Connect was 9.507 billion, a new high since November 2019.
The carding shows that since April, the total net inflow of northbound funds has reached 30.074 billion yuan. The last time there was more than 10 billion net inflows was on April 7.
"Northbound funds have basically resumed net inflows since April, with an average daily net inflow of 3.2 billion yuan, which has basically returned to the level of inflows in January 2020." CITIC Securities pointed out that the allocation of funds representing overseas long-term institutions has been present for two consecutive weeks With regard to the net inflow trend, the cumulative net inflow from year to date has recovered to 61.9 billion yuan, close to the level in early March.
Haitong Securities believes that China's epidemic situation is controllable and work resumes in an orderly manner. The valuation and securitization rate of A shares are significantly lower than those of US stocks. It is expected that the annual net inflow of foreign capital is expected to be close to 300 billion.
Information figure: Stockholders in a securities business department are concerned about the market trend. China News Agency reporter Zhang Langshe
Is the time for bottoming out?
For the performance of the A-share market outlook, CITIC Securities pointed out that with the disclosure of economic data in the first quarter and the stabilization of overseas epidemics, it is possible to relatively comprehensively and objectively assess the impact of the epidemic on the domestic economy. The policy adjustment is expected to be more clear and positive. The worries will also land, and it is expected that the inflection point at the bottom of the market will be confirmed after the economic data of this week have landed.
"Relocation of overseas funds, entry of industrial capital and the recovery of the domestic economy will all drive the market's rise in the second quarter." CITIC Securities believes.
"With the gradual disclosure of performance announcements of listed companies, the market will gradually bottom out. The evolution of the epidemic and the process of economic recovery will determine the future direction of the market." CITIC Securities Analysis, may be the best in the whole year in mid and late April Time window for opening positions.
Anxin Securities believes that from the perspective of risk appetite, as the impact of overseas markets subsides, domestic risk appetite is expected to be gradually repaired from a low level. From the market level, the overall market is showing signs of recovery, and the short-term market may still be repeated. In the medium term, A-shares will show a volatile upward trend. (Finish)