China-Singapore Jingwei client, April 29 (Wednesday), the three major A-share indexes opened lower and moved higher. The Shenzhen Component Index and the Growth Enterprise Market Index rallied significantly after falling. Near the midday close, the three major indexes briefly rose, and the collective closed up. Intraday major financial sectors, film and television sectors, etc. have been rising, and concept stocks such as lithography machines and UHVs have opened lower and quickly moved higher, showing an active performance.

　　The rise and fall of major A-share indexes. Source: Wind

　　As of midday closing, the Shanghai Composite Index rose 0.46% to 2823.09 points with a turnover of 136.9 billion yuan; the Shenzhen Component Index rose 0.23% to 10525.30 points with a turnover of 187.4 billion yuan; the ChiNext Index rose 0.11% to 2033.03 points with a turnover 61.9 billion yuan.

　　On the board, the hotel catering sector led the gains. The Huatian Hotel soared nearly 6%, the BTG Hotel and Jinjiang Hotel followed suit, and Quanjude rose slightly. In addition, sectors such as transportation facilities, tourism, aviation, media and entertainment, and semiconductors led the gains; sectors such as agriculture, forestry, animal husbandry, fishery, advertising, packaging, warehousing, logistics, and pharmaceuticals led the decline.

　　The transportation facilities sector performed strongly, with the majority of individual stocks rising. Shandong Expressway surged more than 9%. China Merchants Port and Longjiang Transportation rose more than 4%. Sichuan Chengyu and Wuzhou Transportation all followed suit.

　　The big financial sector was active, and bank stocks and brokerage stocks rose intraday. Banks and insurance sectors were among the top gainers, and individual stocks in the sector were almost all red. The securities sector saw a narrow rise, with individual stocks mixed.

　　Consumer stocks underperformed, with the food and beverage sector falling the most. Most stocks closed down. Yili shares fell nearly 7%. Anji Foods, Shuanghui Development and other stocks fell sharply. The wine-making sector is also relatively sluggish, and the wine industry was approaching the daily limit. Jinhui liquor, Shanxi Fenjiu, and Luzhou Laojiao ranked among the top decliners; only a few stocks such as Yanghe shares and Bairun shares rose.

　　In terms of concept stocks, the glyphosate sector led the way, with Hailier, Red Sun and Evergreen shares closing up to varying degrees. Social housing, East Asia Free Trade, online loan concept, pest control, vitamins, smart wear and other sectors rose the top.

　　In addition, hot topics such as lithography machines, UHVs, etc. soon got rid of the decline and quickly rose, with an overall active performance. Themes such as pork, artificial meat, RCS concept, venture capital concept, and digital currency were lower.

　　In terms of individual stocks, 1867 stocks rose, among which 131 stocks such as Zhengchuan shares, XD Sanfu shares, Great Wall Technology and others rose more than 5%. 1,730 stocks fell, including 72 stocks such as ST Zhongxin, ST Changjiu, and ST Qunxing, which fell more than 5%.

　　In terms of turnover rate, a total of 12 stocks have a turnover rate of over 20%, of which Zhongyuan Home Furnishing has the highest turnover rate of 46.69%.

　　In terms of capital flow, the top five inflows in the industry sector are banks, food processing, semiconductors, real estate development, and chemicals, and the top five outflows are food processing, banking, semiconductors, beverage manufacturing, and computer applications. The top five inflowing stocks are Yili, Crystal Optoelectronics, China Merchants Bank, Dakang Agriculture, Huiding Technology, and the top five outflowing stocks are Yili, Huiding Technology, Hanlan, Supply and Marketing Daji, Crystal Fang Technology.

　　According to data from the China Foreign Exchange Trading Center, the central parity of RMB against the US dollar rose by 6 basis points to 7.0704.

　　The Shanghai Interbank Offered Rate (SHIBOR) reported 0.6610% overnight, down 21.3 basis points; 7-day SHIBOR reported 1.7550%, an increase of 13.5 basis points; 3-month SHIBOR reported 1.3990%, an increase of 0.1 basis points.

　　As of the previous trading day, the balance of the Shanghai Stock Exchange ’s financing was reported at 546.179 billion yuan, a decrease of 9.59 billion yuan from the previous trading day, and the margin balance at 153.93 billion yuan, an increase of 4.407 billion yuan from the previous trading day; This is an increase of 45.353 billion yuan from the previous trading day, and the margin balance was reported at 6.449 billion yuan, an increase of 3.621 billion yuan from the previous trading day. The balance of margin financing and securities lending in the two cities totaled 1,054.8486 billion yuan, an increase of 43.791 billion yuan from the previous trading day.

　　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 2.604 billion yuan, of which the net inflow of Shanghai Stock Connect was 736 million yuan, the balance of funds on the day was 51.264 billion yuan, and the net inflow of Shenzhen Stock Connect was 1.868 billion yuan. The balance is 50.132 billion yuan; the net inflow of southbound funds is 1.978 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 706 million yuan, the balance of funds on the day is 41.294 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 1.272 billion yuan, and the balance of funds on the day is 40.728 billion yuan.

　　Everbright Securities pointed out that in terms of the implied growth rate of valuation, the current implied growth rate of market valuation is about 4.6%, which is overestimated in the short term within 1 year, but still underestimated from the perspective of value investment Of the interval. In terms of stock market value / M2, the current market valuation quantile is about 40% since 2011, which means that the market is currently at a slightly underestimated level. Combining these two analyses, we suggest that long-term investors and value investors can still adopt the strategy of buying back and building positions in batches. Short-term investors still need to be patient and wait for the four variables to be fully realized.

　　Huaxin Securities believes that although it bottomed out on Tuesday, although the index has a breakthrough opportunity in combination with the previous market, it has finally rushed back down due to insufficient energy. Therefore, the daily rebound since 2646 has entered the end stage. This means that if the index brews a new round of market breakouts, there is a high probability that it will choose "squat" first. At the same time, after bottoming out on Tuesday, in the afternoon

　　The index basically keeps running sideways, showing that between 2800-2850 points has lost its attractiveness, so investors are cautious in the last few trading days of the week. (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.)