China-Singapore Jingwei client July 2nd, A-shares opened lower and moved higher, while the Shanghai stock index increased its volume throughout the day, rising more than 2%. In the afternoon, the big financial sector broke out. The turnover of the two cities exceeded one trillion, and the daily limit of more than 80 shares was exceeded.
Source: Wind
As of the close, the Shanghai index reported 3090.57 points, an increase of 2.13%, and the turnover was 478.216 billion yuan; the Shenzhen Component Index reported 12269.49 points, an increase of 1.29%, and the turnover was 601.698 billion yuan; the GEM index reported 2424.39 points, an increase of 0.20%. According to Wind data, the unilateral net purchase of northbound funds for the whole day was 17.115 billion yuan, a new high since June 19. Among them, the net purchase of Shanghai Stock Connect was 11.161 billion yuan, a new high since February 3.
The industry sector rose more and fell less, with only medical care falling slightly by 0.64%; securities, insurance, diversified finance, banks, and coal rose more ahead.
The big financial sector broke out strongly, with the brokerage sector rising 7.55%, stocks set a daily limit, and 12 stocks such as Zhongtai Securities, China Everbright Securities, and Pacific Pacific had a daily limit. Insurance stocks rose 6.69%, while Xishui shares and PICC rose more than 9%. The banking sector also performed strongly. Qingnong Bank's daily limit, Bank of Xi'an, Bank of Changshu, Bank of Suzhou, etc. have followed suit.
In addition, the real estate sector continued to rise, with 8 stocks such as Tahoe Group, World Union Bank, Gree Real Estate up and down, and Gemdale Corporation and China Communications Real Estate rose more than 7%.
The concept sector also experienced more ups and downs, with only the genetic concept and biological vaccines falling slightly; including GDR, H shares, hire purchase rights, internet finance, and the Yangtze River Delta, the top gains.
The concept of hire purchase equal rights rose by 2.67%, the World Bank and Shibei Hi-tech daily limit, Huaxin shares rose by more than 7%, Zhangjiang Hi-tech, I love my family and so on.
Overall, 2964 stocks in the two cities rose, of which 149 stocks such as Great Wall Securities, Hejia Medical and Tongcheng New Materials rose more than 5%. 816 stocks fell, including 21 stocks such as Hengli Hydraulics, Zhengchuan Co., and T Cody, which fell more than 5%.
In terms of turnover rate, a total of 25 stocks have a turnover rate of over 20%, of which Perry shares have the highest turnover rate of 47.2%.
Everbright Securities issued an analysis. The Shanghai Composite Index returned to 3000 points under the stagflation of real estate and other previous sectors. However, this is just an ordinary number and has no more meaning. It may stimulate market sentiment in the short term. In the long run, the market will rise. The decline is still determined by corporate profits. Entering the mid-quarter report season in July, the consumer sector's mid-term report performance is more certain, and may still have some support for this style. In the later period, the financial sector with low valuation began to have obvious allocation value.
According to the Northeast Securities Research Report, in general, "six infinity" often means that the market in the later period is unsurprising, and it can still maintain stability and expand. There is a little more turbulence, that is, the market has a bottom. If there is a decline, you can intervene moderately. The upside depends on the opportunity of style rotation, especially the performance of heavyweights such as big finance. As far as the future market is concerned, the conditions of the overall bull market in the market are still far from the uncertainty of the external environment, but the structural market is still expected to continue. (China-Singapore Jingwei APP)
(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)