The Shanghai stock index soared 4.24%, and the two cities' transactions reached a trillion in half a day! Brokerage stocks rise and fall

  China-Singapore Jingwei client July 6th, early in the morning, A-shares rose sharply after opening higher, the Shanghai index stood at 3200 points, rose more than 4%, and continued to hit a new high of nearly 15 months; Shenzhen Component Index rose more than 3%.

  Shanghai Stock Exchange early trading trend source: Wind

  As of midday closing, the Shanghai index reported 3286.60 points, up 4.24%, with a turnover of 434.1 billion yuan; the Shenzhen Component Index closed at 12842.30 points, up 3.29%, with a turnover of 506.4 billion yuan. The trading volume of the two cities in early trading approached trillion yuan.

  On the disk, all major industry sectors rose across the board, and the stocks of securities companies rose and fell. The Pacific, China Galaxy, Oriental Securities, Guojin Securities, First Ventures and other more than 10 stocks collectively set a limit; CITIC Securities' second-tier board, with a turnover of more than 18 billion yuan . The semiconductor sector strengthened, the science and technology board stocks in the Shanghai silicon industry daily limit, Juchen shares rose more than 18%, Anji Technology rose more than 15%, Jiangfeng Electronics, Ziguang Guowei, Dike shares and other shares daily limit.

  In addition, coal, banking, military, real estate, computers, non-ferrous metals and other sectors rose the top. In terms of concept stocks, capital leaders, the concept of duty-free shops, brokerage firms, yesterday's daily limit, futures concepts and other gains ranked first.

  In terms of individual stocks, 3608 stocks in the two cities rose, of which 150 stocks such as Northeast Securities, Hongda Mining and Guoyuan Securities rose more than 5%; 217 stocks fell, including 6 such as Bafang shares, ST Cody and ST Baling Individual stocks fell more than 5%. Guizhou Maotai rose more than 3%, its share price was close to 1,600 yuan, and its total market value exceeded 2 trillion yuan.

  In terms of turnover rate, a total of 9 stocks have a turnover rate of over 20%, of which Zhengchuan shares have the highest turnover rate of 31.44%.

  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 14.964 billion yuan, of which the net inflow of Shanghai Stock Connect was 7.675 billion yuan, the balance of funds on the day was 44.325 billion yuan, and the net inflow of Shenzhen Stock Connect was 7.289 billion yuan. The balance is 44.711 billion yuan; the net inflow of southbound funds is 5.102 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 2.825 billion yuan, the balance of funds on the day is 39.175 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 2.277 billion yuan, and the balance of funds on the day is 39.723 billion yuan.

  Guotai Junan Securities believes 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.

  Haitong Securities said that the A-share market is very resilient under the global spread of the epidemic in the first half of this year, due to the abundant macro and micro liquidity. The bull market pattern that began in the first quarter of 2019 has not changed. In the second half of the year, corporate profits will rebound to double digits year-on-year. The bull market enters a two-wheel drive of profit valuation, and the market is expected to break through and set a new high in this round of bull market. The market will spread from partial opportunities to rising rounds, and the main line of technology + brokerages will work hard again to underestimate the staged supplementary rise of the under-distribution industry, such as bank real estate and cycles.

  China Merchants Securities said that from the perspective of incremental funds, the situation of active partial stock funds and northbound funds in the first half of the year was broken by the introduction of new amounts of capital. At present, active partial stock funds and northbound are still continuing to flow in, while financing As the balance grows, insurance may increase positions, and the incremental funds show mixed characteristics. Therefore, the extreme style transition in the second half of 2014 may be difficult to achieve, and the situation of extreme technology consumer medicine in the first half of 2020 will be broken. In the second half of 2020, there will be a round of rising, general rising, and mixed Style characteristics. (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.)