China News Service Client Beijing, July 14th (Reporter Xie Yiguan) On the 13th, the performance of A shares made some investors a bit ignorant!
"In just two weeks, the hot market for A shares has already exceeded expectations," some investors said, "After many cooling signals appeared on the weekend, I thought that this wave of market will be closed. I did not expect that Monday (July 13) is a "struggle." 'Script'."
Shanghai index K chart.
On the 13th, the three major stock indexes of the A-share market opened mixed, and some investors thought that the A-shares may have a callback. As a result, the market began to oscillate upwards, and it is getting stronger.
How active the market is, we look at the following set of data:
——The Growth Enterprise Market Index rose 3.99%, the Shenzhen Component Index hit a 5-year high
As of the close on the 13th, the Shanghai index rose 1.77% to 3443.29 points, returning to 3400 points, a new high since February 2018; the Shenzhen Component Index rose 3.50% to 14149.14 points, breaking 14000 points, a new high since June 2015; GEM The index rose 3.99% to 2889.43 points, surpassing 2800 points, a new high since November 2015.
——Agricultural stocks are "in the limelight", and the daily limit of over 200 shares is reproduced
On the 13th, a total of 3468 stocks in the Shanghai and Shenzhen stock markets rose, and 255 stocks had a daily limit; only 240 stocks fell, and 7 stocks fell. The last time that this round of the market saw a daily limit of more than 200 shares was on July 6, and then A shares rose for several consecutive days.
On the disk, agricultural stocks were "out of the limelight" on the 13th. The agriculture, forestry, animal husbandry and fishing sectors led the gains, and 27 related stocks had daily limits; nonferrous metals, semiconductors, winemaking, construction machinery and other sectors rose ahead. The concept Plate, the seed industry rose more than 9%, artificial meat, ecological agriculture, water conservancy construction sector also brisk performance.
——The turnover exceeds 1.5 trillion for the sixth consecutive day
With continued active trading sentiment, the value of the A stock market rose by nearly 2 trillion yuan a day. On the 13th, the trading volume of Shanghai and Shenzhen reached 1.67 trillion yuan a day, exceeding 1.5 trillion yuan for six consecutive days.
"The average daily turnover continues to increase, which shows that the sentiment of funds is active, and the entry and exit of large funds require a process." Shanxi Securities believes that "the huge turnover indicates that the market will not end in the short term."
——209 stocks hit a record high, 125 stock market value exceeded 100 billion
According to the statistics of brokerage China, excluding the new shares listed in the past six months, a total of 209 stocks in the two cities reached a record high on the 13th, of which a total of 28 with a market value of more than 100 billion yuan, including Guizhou Moutai, Wuliangye, Hengrui Medicine and other large blue chip white horses share.
In addition, a total of 125 stocks in the two cities broke through the market value of 100 billion yuan, while only 94 stocks a month ago, that is, 31 stocks completed a breakthrough journey of 100 billion market value in a month.
Information figure: Securities company staff guides stockholders in online transaction process. China News Agency reporter Yin Liqin
The stock market is hot, just look at the stock market
Some of the QQ groups where the reporters are trading have soared in activity within a week, and the number of group members has risen sharply to a large group of 1,000 people.
According to the Shanghai Securities News, the street stock market salon reproduced the hot scene. Recently, despite the high temperature of 35 degrees Celsius, the investor salon of Guangdong Road in Shanghai is still full of people. Uncles and aunts are not afraid of the hot weather, and the enthusiasm for taking stocks to exchange stock market quotes is very high.
Some investors said that their earnings have reached 30% in the last week. However, he reminded those around him that they should never chase the high. The stocks that have risen in the previous period will not be touched by heavy stocks. At least it will take some time to adjust to consider. If it is a stock with poor fundamentals, it is even more important. Consider take profit.
In the stock market, investors also have different views on the stock market. Some people are optimistic about the trend and choose to hold their shares "to stay still" and now enjoy the gains; others shout that the bears are coming over the weekend and think that the stock market will pull back; others throw out their stocks on Friday, and on the 13th they all called selling losses a.
After the A-share continued to rise on the 13th, many people also started to analyze and discuss in the group. Next, should the stock be sold or bought?
There are frequent cooling signals, why do A shares continue to soar?
After the CSRC's centralized exposure of the list of 258 platforms and their operating agencies illegally engaged in off-site funding on July 8, the China Banking and Insurance Regulatory Commission said on July 11 that it is strictly forbidden for bank insurance institutions to participate in off-site funding in violation of regulations, and strictly investigate chaos and leverage And speculation.
This is interpreted by some market participants and stockholders as the regulators are cooling the market and preventing asset bubbles.
Data Map: China Securities Regulatory Commission. China News Agency reporter Zhang Hao
In addition to the supervisory layer, the main market funds have also released a "fire down" signal. Social security funds intend to reduce the holding of China Life Insurance A shares not exceeding 884 million shares. According to media statistics, in the past 7 trading days, a total of 407 listed companies in the two cities have been reduced by important shareholders.
Under the interweaving of negative factors, why did the A-shares only briefly pull back last Friday (July 10) and then returned to the strong market again? Guotai Junan Securities believes that the admission of incremental funds is the core reason for the current market.
The carding shows that as of July 10, the balance of the two financings in Shanghai and Shenzhen reached 13422.89 billion yuan, a total of 139.421 billion yuan was added last week, exceeding the total net inflow in June. On July 10, there was a net outflow of northbound funds, and on the 13th, it turned around again and net purchases reached 6.85 billion yuan throughout the day.
"There are 20 active equity funds entering the issuance period this week. From the perspective of market incremental funds, public offerings and foreign investment are still relatively certain marginal variables." Founder Securities pointed out.
According to Liu Feng, the chief economist of Galaxy Securities, an important reason for the continuous rise of A shares is the expansion of the capital market due to loose liquidity.
The central bank released financial statistics for the first half of the year on July 10. According to preliminary statistics, the cumulative increase in the scale of social financing in the first half of the year was 20.83 trillion yuan, 6.22 trillion yuan more than the same period last year.
"Monetary policy in the second half of the year will also maintain a reasonable and sufficient liquidity. It is expected to drive an increase of nearly 20 trillion yuan in loans throughout the year, and the scale of social financing will increase by more than 30 trillion yuan." Ruan Jianhong, director and survey spokesman of the Central Bank's Investigation and Statistics Department Said.
On the 13th, in order to maintain the reasonable and sufficient liquidity of the banking system, the central bank carried out a 50 billion yuan 7-day reverse repurchase operation through interest rate tendering.
"The above two news surfaces of the central bank superimposed greatly eliminated people's concerns about the liquidity level." Some market participants analyzed.
Data chart: Stockholders of a securities business department in Haikou are concerned about the market trend. China News Agency reporter Luo Yunfei
Will the A-share market continue to rise?
"In the general loosening trend of domestic monetary policy, a considerable portion of liquidity will enter the A-share market. At the same time, in the context of continuing to maintain loose currencies and extremely low interest rates in the world, the core assets of A-shares are still the direction of medium- and long-term foreign capital allocation." AVIC Securities said.
However, CITIC Securities pointed out that short-term incremental funds still have an inertial inflow, but the pressure on the outflow of stock funds will also increase suddenly. In mid-to-late July, multiple disturbance factors are reappearing, and it is necessary to closely grasp the market rhythm.
"The current round of stock market rises still comes from the entry of social financing and idle funds of enterprises." Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, told China News that this wave of rebounds mainly depends on the trend of the four major banks of workers, peasants and construction. , The big four bank stocks callback, the rebound may be over, and brokerage stocks are also callback.
"Temporarily speaking, this round of rebound has basically been in place from 2800 points to 3400 points. There are still many uncertainties in the second half of the year, so the market wide fluctuation adjustment in the second half of the year is still a high probability event." Dong Dengxin said.
"Looking forward, the short-term market is rapidly moving towards "hot", and after continuous upswing, market volatility may increase, but the overall trend of the market remains positive." CICC pointed out that based on historical experience, short-term rapid capital entry The continuity of the market that is rising too fast may not be strong. The market tends to "fall" after a rapid surge, and a stable market is more sustainable.
"At this stage of A-share operation, it is precisely a turning point from liquidity-driven to fundamental-driven. The peak signal has not yet appeared; the industry with improved performance is increasing, and the performance-driven characteristics will become more and more obvious. The slope of the short-term market rise It may slow down and local volatility will increase, but in the long run, there is a high probability that different industries will go up and down." The investment strategy Zhang Xia team believes.
"The disturbance of A shares by overseas epidemics and other factors will become weaker and weaker." AVIC Securities believes that the domestic economy is gradually recovering under the policy force, and various reforms in the capital market are accelerating, which will benefit future market performance. (Finish)