China-Singapore Jingwei client, June 29, today (29th) is the first trading day after the A-share Dragon Boat Festival. The Shanghai index fell 0.22% to 2973.08 points; the Shenzhen Component Index fell 0.28% to 11780.65 points; the GEM index fell 0.27 %, reported at 2375.99 points.
Shanghai and Shenzhen stock market opening performance source: Wind
On the disk, a few sectors such as biological products, banks, medical equipment, military industry, and papermaking were active. Brokerage stocks led the decline in the two cities, with a decline in aquaculture, communications services, home textiles, airport shipping and other sectors.
In terms of concept stocks, capital leaders, unmanned banks, artificial meat, intellectual property protection and other gains were among the top gainers; electronic invoices, smart speakers, wireless charging, wireless headsets, and Apple Concept were among the top decliners.
In terms of individual stocks, 836 individual stocks rose, of which 28 stocks such as ST Tianye, Nanwei shares, and ST Bio rose more than 5%. 2425 stocks fell, among which 16 stocks such as Tianjin Purin, ST Cody and Tianmao Retreat fell more than 5%.
In terms of capital flow, the top five inflows in the industry sector are other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding. The top five outflows are other transportation equipment, cultural media, internet media, marketing communications, Shipbuilding. The top five inflowing stocks are Dike shares, Jiuliang shares, Aikelan, Yuhetian, and Tailin. The top five outflowing stocks are Dike shares, Jiuliang shares, Aikelan, Yuhetian. , Tailin Biology. The top five influential themes are O2O concepts, cotton, UHV, wind power, and Shenzhen state-owned asset reform, and the top five out-of-the-box concepts are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned asset reform.
From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound funds was 145 million yuan, of which the net outflow of Shanghai Stock Connect was 157 million yuan, the balance of funds on the day was 52.157 billion yuan, and the net inflow of Shenzhen Stock Connect was 12 million yuan. The balance is 51.988 billion yuan; the net inflow of southbound funds is 794 million yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 671 million yuan, the balance of funds on the day is 41.329 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 123 million yuan, and the balance of funds on the day is 41.877 billion yuan.
Regarding the follow-up A-share market trend, Guotai Junan Securities pointed out that during the A-share market closed, the external disk fell significantly. Although the Chinese stocks were relatively resistant, the short-term adjustment pressure of the A-shares, the overseas epidemic prevention and control progress was lower than expected, and the loose policy drive has reached the end of the crossbow. And the four major risks of increasing supply pressure of A shares and deteriorating trading structure deserve attention. Increased certainty of profit restoration and sufficient incremental funds will make the market adjustment space very limited. From the perspective of incremental capital attributes, market supply and demand structure, and liquidity environment, the structural characteristics of leading white horses will prevail.
CITIC Securities believes that the third quarter is the best time to allocate in the second half of the year. Baotuan stocks will gradually enter a tight balance of liquidity, and July is the verification period of the second quarter of the economy and semi-annual report. Both fundamentals and liquidity expectations will face rebalancing; the short-term recovery of the economy beyond expectations will change the current industry The relative prosperity pattern of the sector and investors' expectations of future liquidity, and the slowdown in the size of the new fund will lead to a slowdown in the early stage of the group's fund relay and insufficient upside momentum. These two internal factors will break the current pattern of structural differentiation in the domestic market.
CITIC Securities further stated that, although the delicate internal and external balances may be broken, any adjustments and structural loosening in the third quarter will be new opportunities for admission and the best time for deployment in the second half of the year. Looking forward to July, the main line configuration of the previous period (new and old infrastructure and technology white horse) will be continued, and it is recommended to focus on the consumer and pharmaceutical leaders who enjoy a high certainty premium in the forecast period of the mid-term report. (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.)