Sino-Singapore Jingwei Client, August 10th. After the opening of the Shanghai and Shenzhen stock markets on the 10th, the Shanghai and Shenzhen stock markets oscillated and differentiated. The Shanghai Index rose and turned red, and the ChiNext Index fell deeper; the index gradually rebounded in the afternoon, and the Shanghai Index rose more than 1% during the session. The performance is relatively strong. The turnover of the two cities exceeded one trillion for nine consecutive trading days.
As of the close, the Shanghai Composite Index was reported at 3379.25 points, an increase of 0.75%, with a turnover of 527.084 billion yuan; the Shenzhen Component Index reported 13657.31 points, an increase of 0.06%, with a turnover of 624.121 billion yuan; the ChiNext Index reported 2735.26 points, a decrease of 0.53%.
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On the disk, sectors such as forestry, hotels, transportation equipment, shipping, and infrastructure led the gains; sectors such as gold, rare metals, tourism, scenic spots, and aviation equipment led the decline. In terms of concept stocks, home furnishings, BDI index, Xi'an free trade zone, C2M concept, radio and television department, etc. top the rise, and gold, scarce resources, 3D glass, EDA design software, and non-ferrous metals top the decline.
In terms of individual stocks, 2598 stocks rose, among which 148 stocks such as Sino-Singapore Group, Xianhe Environmental Protection, and Zhongnan Construction rose more than 5%. 1,229 stocks fell, of which 141 stocks such as Dangsheng Technology, Intime Gold, and ST China Ding fell more than 5%.
In terms of turnover rate, a total of 44 stocks have a turnover rate of more than 20%. Among them, Nyihuatong has the highest turnover rate, reaching 80.3%.
In terms of capital flow, the top five major flows of industry sectors are brokerages, computer applications, aviation equipment, chemicals, and chemical pharmaceuticals. The top five flows are aviation equipment, computer applications, aerospace equipment, electronics manufacturing, and auto parts. The top five stocks with major inflows are Beidou Starcom, CITIC Securities, CITIC Construction Investment, Ingenic Group, and Guangqi Technology. The top five stocks with outflow are Beidou Starcom, Ingenic Group, Guangqi Technology, Hangfa Power, Accurate information. The top five conceptual themes in the main inflow are margin financing and securities lending, refinancing securities, MSCI concepts, Shenzhen Stock Connect, and Shanghai Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shenzhen Stock Connect, Shanghai Stock Connect.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 729.498 billion yuan, a decrease of 5.111 billion from the previous trading day. The securities lending balance was reported at 37.939 billion yuan, an increase of 166 million from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 674.125 billion yuan. , A decrease of 3.933 billion yuan from the previous trading day, and the securities lending balance reported 22.035 billion yuan, an increase of 436 million yuan from the previous trading day. The balance of margin trading and securities lending in the two cities totaled 1,463.596 billion yuan, a decrease of 8.442 billion yuan from the previous trading day.
From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds is 2.276 billion yuan, of which the net inflow of Shanghai Stock Connect is 2.518 billion yuan, the balance of funds on the day is 49.482 billion yuan, and the net outflow of Shenzhen Stock Connect is 242 million yuan. The balance was 52.242 billion yuan; the net inflow of southbound funds was 3.94 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 755 million yuan, the day’s fund balance was 41.245 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 3.185 billion yuan, and the day’s fund balance was 38.815 billion yuan.
In terms of market strategy, Shanxi Securities pointed out that it should also begin to pay attention to and gradually deploy the expected repair market of value stocks. There are three main reasons: First, the probability of continued economic recovery has increased, and there is a high probability that my country's epidemic will not break out on a large scale. Second, according to the statements of China, the United States and other vaccine developers, vaccines are expected to start production from November this year to January next year, and the main factors that suppress the valuation of value stocks disappear. Third, the current valuation of value stocks has reached an extremely low level in history, and there is more room for restoration.
In terms of allocation, Northeast Securities believes that consumption and technology are the main lines in the medium and long-term, and in the short-term focus is on cyclical growth, military industry, and securities firms. The Politburo meeting emphasized the construction of new infrastructure, and the cyclical growth related to new infrastructure such as 5G, intercity expressway and rail transit, big data, and industrial Internet is the focus of attention. In addition, the increasing attention to the construction of national defense informatization has made national defense military industry still a key sector worthy of attention. At the same time, the substantial growth in performance growth in July and the implementation of the ChiNext registration system have led to major financial sectors such as brokerages that are also worthy of attention.
Industrial Securities stated that by grasping the main line of "recovery" and shifting from "deflation" to "recovery" in fundamentals, some industries have officially entered the restocking cycle, especially the midstream raw materials and industrial products currently at the bottom of the inventory cycle, such as non-ferrous metals, chemicals, and machinery. Etc.; downstream consumer products, such as medicines, automobiles, etc. At the same time, PPI turned positive month-on-month, and marginal improvements were seen in the profits of midstream raw materials and industrial products. On the whole, we continue to recommend the blue-chip cycle manufacturing directions of the non-ferrous metals, chemicals, machinery, and building materials.
(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)