Sino-Singapore Jingwei client July 7th, the A-shares that soared in the previous trading day opened again, the Shanghai index reported 3308.95 points, up 1.44%; the Shenzhen Component Index reported 13084.65 points, up 1.10%; the GEM index reported 2548.41 Points, up 0.75%.

  Shanghai and Shenzhen stock market opening performance source: Wind

  On the disk, financial stocks continued to strengthen, with bank stocks leading the rise in both markets. Yunong Commercial Bank and Qingnong Commercial Bank had daily limits; brokerage stocks Zhongtai Securities and Zheshang Securities had daily limits. Coal, port shipping, semiconductors, nonferrous metals, computers, real estate and other sectors rose the most.

  In terms of concept stocks, the concepts of duty-free shops, EDA design software, and the concept of BDI index were among the top gainers; medical beauty, ophthalmology, blood products, biological vaccines, and super fungi were among the top decliners.

  In terms of individual stocks, 2913 stocks rose, of which 106 stocks such as AVIC Shenfei, Gao Weida, Jiangfeng Electronics and others rose more than 5%; 643 stocks fell, including 5 stocks such as Red Sun, Jiayu and ST Baling. 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 funds was 9.99 billion yuan, of which the net inflow of Shanghai Stock Connect was 685 million yuan, the balance of funds on the day was 51.315 billion yuan, and the net inflow of Shenzhen Stock Connect was 314 million yuan. The balance is 51.686 billion yuan; the net inflow of southbound funds is 6.93 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 6.758 billion yuan, the balance of funds on the day is 35.242 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 172 million yuan, and the balance of funds on the day is 41.828 billion yuan.

  On the previous trading day (6th), A-shares performed well and the financial sector broke out. Both the bank ETF and the broker-dealer ETF both reached daily limit. The Shanghai index closed up 5.71% and recovered strongly 3300 points. The GEM index stood at 2500 points since 2016. new highs. The total market value of A shares exceeded 71 trillion yuan, the first time since June 2015. The turnover of the two cities exceeded 1.5 trillion yuan, also a 5-year high.

  On the evening of the 6th, "Newscast" reported A shares in 1 minute and 12 seconds, saying that the Shanghai stock index rose nearly 6% to hit a two-and-a-half-year high, and the turnover of the two cities exceeded 1.5 trillion. And cited experts believe that China's excellent epidemic prevention and control capabilities and prevention and control achievements are China's biggest economic recovery and stock market rising momentum.

  Zhang Yulong, chief strategy analyst of CITIC Construction Investment, said on the 6th that there have been three major reasons for the recent surge in the A-share market. First, it comes from economic recovery and credit easing; second, the current A-share valuation is particularly low, especially financial And real estate; third, the conversion of capital style is also a very important factor. "We think this is a wave of bull market driven by economic recovery, the target should be above 3600 points."

  Chen Guo, chief strategy analyst of Anxin Securities, said in the latest research report that the collective daily limit of bank stocks reflects the market's strong recognition of the "recovery bull". Under the prospect of a moderate economic recovery, banks and other procyclical sectors still have room to repair from the perspective of PB. Although there is still room for repair from a valuation perspective, it also needs to be noted that from the historical experience, the market for the week after the collective rise of bank stocks has entered a phased consolidation period, and growth is dominant in the medium term.

  Galaxy Securities pointed out that the current round of brokerages was mainly affected by four factors: the rebound in market transactions and the expected increase in commercial bank brokerage license pilots, which catalyzed the upward valuation of the sector; the continued inflow of foreign capital to provide support for the valuation of the sector; brokerages in the first half of the year The sector's gains are relatively backward, and there is more room to make up for the increase; the reform of the capital market system has been deepened, and the release of policy dividends has improved the fundamentals of the industry. (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.)