China-Singapore Jingwei client, April 15 (Wednesday), the Shanghai Composite Index opened slightly lower by 0.02% at 2,826.66 points; the Shenzhen Component Index reported at 10468.46 points, a decrease of 0.07%; and the GEM Index reported at 1991.60 points, an increase of 0.31%.

Shanghai and Shenzhen stock market opening performance source: Wind

On the disk, animal health, marketing and communication, power supply equipment, Chinese medicine, computer equipment and other sectors led the gains; white goods, medical services, communications operations, feed, planting and other sectors fell the top. In terms of concept stocks, unmanned banks, digital currencies, electronic invoices, 3D glass and other gains were among the top gainers; RCS rich media communications, eco-agriculture, cotton, and sugar fell among the top decliners.

In terms of individual stocks, 1,527 individual stocks rose, of which 43 individual stocks, such as Melia, Murray Cloud, and Changlu, rose more than 5%. 1645 stocks fell, of which 13 stocks such as Jinjian Rice Industry, Satellite Petrochemical and Guangzhou Langqi fell more than 5%.

From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds was 407 million yuan, of which the net inflow of Shanghai Stock Connect was 202 million yuan, the balance of funds on the day was 51.798 billion yuan, and the net inflow of Shenzhen Stock Connect was 205 million yuan. The balance is 51.795 billion yuan; the net inflow of southbound funds is 1.142 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 1.062 billion yuan, the balance of funds on the day is 40.138 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 80 million yuan, and the balance of funds on the day is 41.92 billion yuan.

From the news point of view, today, the third RRR cut started in the year, which is less than a month away from the inclusive financial PR cut implemented in March.

Earlier on April 3, the central bank announced that it would lower the deposit reserve ratio by 1 percentage point for rural credit cooperatives, rural commercial banks, rural cooperative banks, rural banks and urban commercial banks operating only in provincial administrative regions. It was put into place twice on May 15 and May 15, each time down by 0.5 percentage points.

The relevant person in charge of the central bank said that the targeted reduction of the standard will release about 400 billion yuan of long-term funds. On average, each small and medium-sized bank can obtain about 100 million yuan of long-term funds, and it can also reduce the cost of bank funds by about 6 billion yuan per year.

On the previous trading day, the northbound capital had a substantial net inflow of 14.229 billion yuan throughout the day, and the net inflow amount was the second highest in the year. Among them, the net inflow of Shenzhen Stock Connect was 9.507 billion yuan, a new high since November 2019.

Chen Guo, Chief Strategy Analyst of Anxin Securities, said that from the current situation, if no accidents occur, the A-share market should come to a bottom range, because both the valuation level and the risk premium level, the A-share market is in A reasonably low position, and the currency and system are in a relatively loose expectation. Under such an environment, the market is unlikely to plummet again. (Sino-Singapore Jingwei app)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)