Sino-Singapore Jingwei Client, October 22. On Thursday, A-shares rebounded from the downward trend, and individual stocks in the two cities fell more or less.
On the sector, the liquor sector continued to strengthen, while the venture capital and securities sectors exerted strength in late trading; the vaccine and military stock sectors weakened throughout the day, and the concept of quantum technology recalled.
Source: Wind
As of the close, the Shanghai Index reported 3312.50 points, a decrease of 0.38%, with a turnover of 236.428 billion yuan; the Shenzhen Component Index reported 13,396.18 points, a decrease of 0.53%, with a turnover of 427.265 billion yuan; the ChiNext Index reported 2673.59 points, a decrease of 1%.
Most of the industry sectors fell, with shipping, chemical fiber, insurance, agriculture, forestry, animal husbandry and fishery, medical care leading the decline; wine, securities, semiconductors, advertising packaging, and IT equipment leading the rise.
Ships fell 1.81% and led the decline in the industry sector. None of the stocks rose. Jianglong Shipbuilding and Tianhai Defense fell more than 4%.
The brewing sector soared by nearly 2%, Laobaiganjiu, ST were willing to daily limit, Yanjing Beer, Kouzijiao, Jinshiyuan, etc. rose, Kweichow Moutai rose 0.53%.
The concept sector fell more and less, with biological vaccines, quantum technology, seed industry, immunotherapy, and pork leading the decline; ultra-definition video, gallium nitride, Tencent concept, green lighting, and fluorine concept leading the rise.
Biological vaccines fell by more than 3%, leading the decline in the concept sector. Among them, Ingenic Group and Digital Technology bucked the market and rose by more than 2%, Kanghua Biotech fell by more than 10%, and Unnamed Pharmaceuticals dropped its limit.
In addition, the concept of Quantum Technology pulled back on the 22nd, down 2.52%, the National Shield Quantum, Philips, Blue Shield shares and others fell.
Overall, a total of 1405 stocks in the two cities rose, of which Dongyue Silicon, Hongya CNC, ST Shede and other stocks rose by more than 5%.
2434 stocks fell, of which Tanaka Seiki, Xinghui Precision, Panwei Network and other stocks fell more than 5%.
In terms of turnover rate, there are a total of 85 stocks with a turnover rate of more than 20%. Among them, N Kesi has the highest turnover rate, reaching 74.51%.
Huaxin Securities believes that although short-term indicators show that A shares are expected to rebound, the volume of transactions in the two cities has shrunk significantly before, which shows that the current market sentiment is relatively low.
On the 21st, there was a certain retreat in A shares, and we can still wait for the rebound.
According to the analysis of the research report of Yuekai Securities, there has been a structural market rotation of the sector recently, and the sentiment of the wait-and-see capital is strong. The market outlook needs to pay attention to whether the transaction volume can be increased.
In the fourth quarter, there is often a valuation switch market. Under the condition of lower risk appetite for funds, undervalued bank stocks have a relatively high margin of safety. The valuation restoration of the bank sector in the fourth quarter is worth looking forward to.
Pay attention to the direction in which the performance of the three quarterly reports can continue to improve and continue.
In the short to medium term, we can focus on procyclical sectors with low valuations, such as insurance and banking.
(Zhongxin Jingwei APP)
(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.)