"Seven turn over"? The Shanghai stock index is strong and stands firm at 3100 points. The turnover of the two cities broke trillions!
Sino-Singapore Jingwei client, July 3, today (3rd), the Shanghai and Shenzhen stock markets opened higher, the Shanghai index opened directly above the 3100 point integer mark, and then continued to rise. Brokerage firms set a boom and fall, followed by insurance and banks. Market sentiment continues to heat up, and low-value stocks such as big finances and cycles are ushering in a rising pattern.
As of the close, the Shanghai index reported 3152.81 points, an increase of 2.01%, and the turnover was 535.489 billion yuan; the Shenzhen Component Index reported 12433.26 points, an increase of 1.33%, and the turnover was 636.052 billion yuan; the GEM index reported 2462.56 points, an increase of 1.57%. The turnover of Shanghai and Shenzhen has exceeded 1 trillion yuan, and has exceeded 1 trillion yuan for two consecutive days, the first time in four months.
Wind shows that on the disk, the catering and tourism index, brokerage index, automobile index, and coal index rose at the top; office supplies index, airport index, daily chemical index, and food index fell at the top. More than 10 stocks such as Shanxi Securities, Zhongtai Securities, CITIC Securities and Guojin Securities blocked the daily limit.
Wind screenshot
"Seven turn over"? Institutions are optimistic about the market trend in the second half of the year
The market continues to actively rise recently. After surging 3,000 points on the first trading day in July, A-shares rose sharply again on the 3rd, the Shanghai Index stood at 3100 points, and the GEM index exceeded 2400 points, showing that investors have continued confidence in the market outlook. Enhanced. A-shares have always been said to be "five-poor, six-out, seven-over", how will the market style switch in July? How should investors choose?
Several institutions have analyzed that the rise of the A-share market is mainly driven by liquidity, and the current abundant liquidity in the market also provides support for the capital market. From a mid- to long-term perspective, the market will still gradually rebound, and sectors such as consumption, brokerage and technology have long-term investment value.
New latitude and longitude in the data map
Ping An Securities believes that the current A-share market as a whole has bottom support, and corporate profits are expected to be repaired slowly in the second half of the year. The acceleration of capital market reforms will help increase market activity and the overall market liquidity will be guaranteed. At the current valuation level, the power of funds to further catch up in the food and beverage, pharmaceutical and other industries may be weakened. The market style in the third quarter is expected to become more balanced, and traditional industry leaders have valuation repair opportunities; The long-term configuration logic of industries such as consumption, medicine, and TMT remains unchanged.
Wanhe Securities said that the current loose policy environment and ample liquidity provided support for the capital market, superimposed on the continued recovery of the economy, which greatly enhanced the market's expectations for future growth, while loose liquidity and fundamentals continued Rehabilitation is an important pillar to ensure that the capital market will continue to rebound in the future.
"From the perspective of investment risk, the investment risk of A shares is relatively low, and the overall valuation of the market is relatively reasonable. The A share market may go out of a better trend in the second half of the year." Yang Delong, chief economist of Qianhai United Fund It seems that the first half of the year is a partial bull market, and the second half of the year is expected to turn to a full bull market.
Yang Delong believes that the current rise in the A-share market is still mainly driven by liquidity, but when the overseas epidemic shows an inflection point, the A-share will go out of a stronger bull market trend, and the slow bull market will open, which will be a good news.
Shanghai index month K line chart Wind screenshot
Li Daxiao, chief economist of Yingda Securities, pointed out that under low interest rate environment, without relevant fundamental risk factors, the phenomenon of high valuation of growth stocks will still exist, but as the domestic economy resumes growth, low-value blue chip stocks will also be affected. The favor of incremental funds is expected to gradually increase the center of gravity of the A-share market.
Xingzheng's strategic recommendations are to grasp the direction of low-value blue-chip leading blue chip stocks, especially the real estate boom chain (home appliances and home building materials). The second is a leading brokerage that has benefited from this round of capital market reform and is an important carrier. In addition, we are in a new round of technological innovation cycle, and there are still opportunities for singing after technological growth. (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.)