Chinanews client, Beijing, August 3 (Reporter Xie Yiguan) After experiencing ups and downs in July, A-shares welcomed a "good start" in August. On August 3, the three major stock indexes fluctuated upward, and the ChiNext index returned to 2,800 points. The single-day market was very good, and the "stock market" and "funds" rushed into hot searches.
As of the close, the Shanghai Composite Index closed up 1.75% to 3,367.97 points; the Shenzhen Component Index closed up 2.40% to 13,964.56 points; the ChiNext Index closed up 2.63% to 2,688.88 points. The Science and Technology Innovation Board 50 Index rose by 7.26%.
Shanghai index daily chart.
Market trading sentiment continued to rise, with turnover in the two cities exceeding 1.3 trillion yuan, breaking through one trillion yuan for 4 consecutive days. Under the strong market, a total of 3443 stocks in the two cities rose, 254 stocks rose by the limit; 278 stocks fell, none of which fell by the limit.
On the disk, the satellite navigation and national defense and military concept sectors have joined forces to set the daily limit tide. 46 related stocks such as Jianghang Equipment, Ruichuang Micronano, and Fuguang have become the main force to push the market. In the industry sector, the aviation sector rose by more than 8%, while the shipbuilding, mineral products, industrial machinery, electrical appliances and instrument sectors also rose at the top, while the tourism and wine-making sectors closed down against the market.
It should be noted that the main funds had a net outflow of 1.5 billion yuan on the 3rd; the northbound funds were a net buying trend in the early trading, but there was a change in the afternoon, with a net sale of 195 million yuan throughout the day, which was a net sale for 3 consecutive days.
A-shares have a good start in August due to frequent good news over the weekend. On the one hand, the central bank announced on July 31 that the transition period for new asset management regulations was extended to the end of 2021.
"The new asset management regulations are to control leverage, emphasize penetration and non-standard conversion. The extension of the transition period does not change the management's regulatory requirements, but it also highlights the management's prevention of impacts on the financial system due to adverse effects such as the epidemic Intent." Shen Zhengyang, a senior investment consultant of Northeast Securities, said that this is conducive to the performance of financial stocks and, in a sense, is an endorsement for reducing risks in the financial system.
On the other hand, this week (August 3rd-August 9th) is the super new week of the year, and there will be 19 new shares available for purchase. 6 are the first batch of new stocks under the GEM registration system, 7 are new stocks on the Sci-tech Innovation Board, 5 are new stocks on the main board of the Shanghai Stock Exchange, and 1 are new stocks on the small and medium board of the Shenzhen Stock Exchange.
The first two new shares under the GEM registration system-Fengshang Culture and Meichang shares subscription day is August 4. According to regulations, under the GEM registration system, there will be no rise or fall in the first 5 trading days of newly listed stocks, and then the rise or fall limit will be adjusted from the current 10% to 20%. At the same time, on the day when the first GEM registered stock was listed, all existing GEM stocks were automatically upgraded, with the increase or decrease from 10% to 20%.
Another point to note is that August will still usher in a small peak in lifting the ban. According to media calculations based on the closing price on July 31, the market value of the lifted ban reached 382.13 billion yuan, and the number of lifted shares reached 25.476 billion.
Data Map: Investors in a securities business department in Haikou are concerned about the market trend. Photo by China News Agency reporter Luo Yunfei
In July, the Shanghai Composite Index hit a year high of 3458 points. In the view of Guotai Junan, it will take time for the Shanghai Stock Exchange Index to break through 3,500 points in areas where historical chips are intensive, with external uncertainties, a slowdown in macro liquidity slopes, and uncertain regulatory attitudes.
CITIC Securities predicts that in August, A-shares will still be in an equilibrium state with upward constraints from overseas disturbances and downward support from fundamentals and macro liquidity. "After experiencing the peak of performance verification and lifting of the ban, as well as the gradual clarification of overseas epidemics and Sino-US differences, it is expected that the next round of A-share rises at the end of the third quarter will be more stable and sustained."
"The policy is expected to return to normal in the second half of the year, and the margin of easing policies may be tightened." Zhongyuan Securities analyst Yang Zhenyu believes that under the background of the impact of the epidemic, the tightening of policy expectations, and the more serious differentiation of previous valuations, the August interim report period Performance drivers are expected to continue to increase.
Bohai Securities also recommends to pay attention to the sectors where the performance of the interim report has improved significantly. "At present, the domestic economy has taken the lead in improving from the impact of the epidemic. Under the background of improved fundamentals and loose liquidity structures, the core logic of the market may switch from loose liquidity at the denominator to improved performance at the molecular end." (End)