Sino-Singapore Jingwei client, 29th, 29th, Shanghai and Shenzhen markets maintained low after opening low. As of midday closing, the Shanghai index reported 2958.46 points, down 0.71%, and the turnover was 185.07 billion yuan; the Shenzhen Component Index reported 11734.66 points, down 0.59%, and the turnover was 268.993 billion yuan; the GEM index reported 2376.49 points, a decrease of 0.63%.
Shanghai Stock Exchange early trading trend source: Wind
On the disk, agricultural stocks were active, Xuerong biological daily limit, Beidahuang rose more than 8%; park development, tourism comprehensive, medical equipment and other sectors rose the top. Brokerage stocks suffered heavy losses, Zhongtai Securities plunged nearly 7%; retail, hotel, computer equipment, commercial property management and other sectors fell the top.
In terms of concept stocks, REITs, artificial meat, blood products, virus detection and other gains were among the top gainers, while blind boxes, electronic invoices, Shanghai-London Connect, and futures concepts were among the top losers.
In terms of individual stocks, 1,235 stocks rose, among which 112 stocks such as ST Bio, NavInfo, and Hailianxun rose more than 5%. 2,484 stocks fell, including Jitai shares, Lanying equipment, Tianmao retreat and other 70 stocks fell more than 5%.
In terms of turnover rate, a total of 7 stocks have a turnover rate of over 20%, among which Yingjie Electric has the highest turnover rate of 26.47%.
In terms of capital flow, the top five inflows in the industry sector are securities firms, computer applications, power equipment, semiconductors, and internet media, and the top five outflows are securities firms, computer applications, internet media, semiconductors, and banks. The top five influx stocks are Longji, Watson Bio, Everbright Securities, China Merchants Securities, NavInfo, and the top five outflows are Everbright Securities, Inspur Information, Shandong Pharmaceutical Glass, Oriental Fortune, and Longji.
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 804 million yuan, of which the net outflow of Shanghai Stock Connect was 1.233 billion yuan, the balance of funds on the day was 53.233 billion yuan, and the net inflow of Shenzhen Stock Connect was 429 million yuan. The balance is 51.571 billion yuan; the net inflow of southbound funds is 1.876 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 672 million yuan, the balance of funds on the day is 41.328 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 1.204 billion yuan, and the balance of funds on the day is 40.796 billion yuan.
CITIC Securities analysis believes that in the case of continuous concentration of risks, the market will fluctuate in July. The economic recovery has short-term twists and turns. Finance and the cycle have certain defensive attributes due to the low valuation. Technology and consumer valuations are relatively high, and they are not dominant in the macro direction. If the overall recovery of economic twists and turns is the main line in the second half of 2020, the driving force of the financial sector and the cyclical sector is more obvious. It belongs to the industry driven by domestic demand and has the advantage of low valuation. It is recommended that investors reverse the market layout.
Shen Wanhongyuan Securities said that the logic of the strength of A shares relative to US stocks still exists, and the strong adjustment of A shares after the holiday is a high probability. Subsequently, some US states may adjust their epidemic prevention strategies, which may trigger further adjustments in US stocks. Global risk assets are abstractly connected, and the US adjustment has a certain impact on A-share risk appetite.
In operation, Shen Wanhongyuan believes that focus on the third quarter demand replenishment, the “14th Five-Year” industrial policy catalyzes the resonance of external demand technology (consumer electronics, new energy vehicles, photovoltaics); the increase in household savings rate and the opening of the consumer space to benefit from non-aggregation Optional consumption (household appliances, automobiles); new infrastructure that is expected to continue to be verified (5G, semiconductor equipment and consumables, UHV, charging piles, Xinchuang). (China-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.)