Sino-Singapore Jingwei Client, March 16th, on Monday (16th), after the A-shares opened higher, the shock turned green. As of the close of midday, the Shanghai Index fell slightly by 0.55%, the Shenzhen Component Index fell by nearly 1.8%, and the GEM Index fell by more than 2%. The opening of the afternoon, the three major stock index declines expanded, the Shanghai index fell more than 3% fell below 2,800 points. The sectors across the board floated green, with the semiconductor and securities firms sectors leading the declines. Wind and sand circulation, mask protection concept stocks were active.
Time-share chart of the Shanghai Index. Source: Wind
As of the close, the Shanghai Composite Index fell 3.40% to 2,789.25 points, with a turnover of 375.6 billion yuan; the Shenzhen Component Index fell 5.33%, to 10253.28 points, and a turnover of 578.7 billion yuan; the ChiNext Index fell 5.90% to 1910.77 points, and the turnover was 202.3 billion yuan. The net outflow of northbound funds throughout the day was 9.807 billion yuan, which has been a net outflow for 4 consecutive days, with a cumulative net outflow of more than 40 billion yuan in the past 4 days.
On the disk, the major sectors were green across the board, with telecom operations, semiconductors, and brokerage sectors falling the most. The semiconductor sector suffered a severe setback, with multiple stocks such as Qianzhao Optoelectronics, Fuman Electronics, and China Microelectronics falling. Brokerage stocks dived in the afternoon, Hualin Securities, BOC Securities, Nanjing Securities, Hongta Securities, etc. fell, and Changjiang Securities, Zheshang Securities, etc. fell sharply.
In terms of concept stocks, the land circulation sector led the increase, with Beijing Investment Development Co., Ltd., Yatong Co., Ltd., and Shanghai Development Co., Ltd. having multiple daily limit. Mask protection concept stocks were active, and Yangpu Medical, Sanxin Medical, Zhende Medical, and Sou Te had multiple daily limit.
In addition, the concept stock of the lithography machine changed in the afternoon, and the individual stocks in the sector touched the daily limit. Wireless headsets, consumer electronics, 5G concepts, satellite navigation and other stocks performed poorly.
As for individual stocks, 323 stocks rose, of which 87 stocks such as Lanfan Medical, Jielong Industrial, and ST Baxter rose more than 5%. 3,433 stocks fell, of which 150 stocks, such as Bangxun Technology, Jincai Interconnect, and Sunshine Power, fell more than 5%.
In terms of turnover rate, a total of 48 stocks have a turnover rate of more than 20%, of which the good product shop has the highest turnover rate of 60.74%.
In terms of capital flow, the top five in the industry sector are communications equipment, optical optoelectronics, securities dealers, electronics manufacturing, and banks. The top five are communications equipment, brokerage firms, optical optoelectronics, electronics manufacturing, and computer applications. The top five stocks that flowed in were ZTE, BOE A, Oriental Fortune, TCL Technology, and TEDA. The top five stocks that were outflowed were ZTE, Oriental Fortune, BOE A, TCL Technology, and CITIC Securities. The top five influential themes are financing and securities lending, convertible bonds, MSCI concept, Shenzhen Stock Connect, and Shanghai Stock Connect. The top five outflows are financing and securities lending, convertible bonds, and MSCI concepts. , Shenzhen Stock Connect and Shanghai Stock Connect.
As of the previous trading day, the financing balance of the Shanghai Stock Exchange was reported at 585.866 billion yuan, an increase of 29.557 billion yuan over the previous trading day, and the balance of margin trading was 11.355 billion yuan, an increase of 368 million yuan over the previous trading day. The financing balance of the Shenzhen Stock Exchange was 513.59 billion yuan Compared with the previous trading day, it increased by 73.018 billion yuan, and the balance of margin trading was reported at 4.374 billion yuan, an increase of 1.546 billion yuan from the previous trading day. The balance of margin financing and securities lending of the two cities totaled 11.151185 billion yuan, an increase of 104.489 billion yuan over the previous trading day.
Guoxin Securities pointed out that in the short term, fluctuations in overseas markets have caused some interference to A shares. Since mid-late February, the trend of the A-share market has been relatively volatile, with a slight decline overall. But under the turmoil, A-shares have shown more of the allocation value in the global plunge. Judging from the performance of asset prices alone, although the A-share market has also experienced a slight correction in the near future, compared with the plunge in overseas markets, the independent market of A-shares has been very significant, showing a strong allocation value.
Huaxin Securities said that the high uncertainty of the external market is not sustainable for A-shares that can form a single-day panic. Rather, it is an opportunity for layout. In March, the overall operation was dips. Regarding the configuration ideas, Huaxin Securities believes that although the pharmaceutical sector will directly benefit from the epidemic in the short term, the 5G industry chain, new energy automobile industry chain, media, and computer sectors, which are relatively prosperous and relatively limited by the epidemic situation, are still It is expected to become the main driving force for rising market prices in the future. (Zhongxin Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky and you must be cautious when entering the market.)