Sino-Singapore Jingwei client July 6th (Monday), A shares continued to open strongly last week, the Shanghai index reported 3187.84 points, up 1.11%; the Shenzhen Component Index at 12519.50 points, up 0.69%; GEM index 2462.24 Points, up 0.27%.
Shanghai and Shenzhen stock market opening performance source: Wind
On the disk, brokerage stocks continued to be active, Zhongtai Securities, Zheshang Securities, BOC Securities, Everbright Securities and other daily limit; Bank stocks were active, Qingnong Commercial Bank touched the daily limit; coal stocks strengthened again, Shanmei International International daily limit; semiconductor, real estate, power, The logistics and other sectors rose the top.
In terms of individual stocks, 2641 stocks rose, among which 73 stocks such as Adir, First Ventures, HTC Electronics and others rose more than 5%. 818 stocks fell, of which 9 stocks such as Tianlong Group, ST Cody, ST Baling and others 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 capital was 472 million yuan, of which the net inflow of Shanghai Stock Connect was 237 million yuan, the balance of funds on the day was 51.76 billion yuan, and the net inflow of Shenzhen Stock Connect was 235 million yuan. The balance is 51.765 billion yuan; the net inflow of southbound funds is 3.11 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 2.936 billion yuan, the balance of funds on the day is 39.06 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 174 million yuan, and the balance of funds on the day is 41.826 billion yuan.
Last week, the A-shares were "bullish". The Shanghai stock index rose by about 6% weekly and successfully stabilized 3,100 points. Brokerage, real estate, nonferrous metals and other periodic stocks collectively strengthened. The brokerage stock market leader Everbright Securities recorded three daily limits, a week The increase was as high as 42.19%.
CITIC Securities analysis pointed out that in the first week of July 2020, driven by the brokerage and real estate sectors, A shares showed a clear style switch. This style switch is not over, but will continue for a long time. The securities sector took the lead in rising by 20%, and the valuation has been improved to a certain extent. However, in the context of financial reform and the capital market becoming bigger and stronger, there is still room for growth. In the insurance sector, against the backdrop of loose credit and rising currency interest rates, investment opportunities remain prominent. The valuation level of the real estate industry is still low, but the performance will increase with the economic recovery. Insurance, brokerages, real estate and banks are still worthy of continued allocation.
Guotai Junan Securities said that the current low valuation of A-shares is characterized by the downside of risk-free interest rates. The driving force is the reduction in the expected yield of bank wealth management, which further strengthens the phenomenon of funds chasing assets. Therefore, the market outlook is optimistic, breaking through 3300 points, waiting for 3500 points, striking into brokerages and leading stocks with low valuation and performance, followed by consumption and technology. (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.)