Sino-Singapore Jingwei client July 10th, early trading on the 10th, A shares opened lower, the Shanghai stock index remained adjusted, and once fell below 3,400 points; the GEM index performed strongly, and rose more than 1% in intraday trading.
Shanghai Stock Exchange early trading trend source: Wind
As of midday closing, the Shanghai index reported 3414.21 points, a decrease of 1.05%, and the transaction was 440.2 billion yuan; the Shenzhen Component Index reported 13736.42 points, a decrease of 0.13%, and the transaction was 570.1 billion yuan; the GEM index reported 2774.73 points, an increase of 0.62%. The cumulative turnover of the Shanghai and Shenzhen markets reached 1.0103 trillion yuan, which has exceeded one trillion yuan for seven consecutive trading days.
On the disk, sectors such as park development, hotel catering, medical equipment, retail, and automobiles were among the top gainers; brokerage stocks strengthened after opening lower, and BOC Securities and Industrial Securities daily limit. Duty-free shop concept stocks are active, and Pingtan Development, Bailian Co., Caesars Tourism, Zhongxin Tourism and other stocks have daily limits.
Banking stocks led the decline, all stocks floated green, Jiangyin Bank, China Everbright Bank, Zhangjiagang Bank, etc. fell more than 4%; coal, steel, aquaculture, nonferrous metals, home textiles, home appliances and other sectors fell in the forefront. E-cigarette concept stocks fell, and Chiyou shares fell to a limit.
In terms of individual stocks, 1,346 stocks rose, of which 150 stocks such as Rongtai Health, Jade Bird Fire Control and Lafangjiahua rose more than 5%. 2,427 stocks fell, of which 29 stocks such as Zijin Mining, Shaanxi Jinye, Axis Research and Technology fell more than 5%.
In terms of turnover rate, a total of 21 stocks have a turnover rate of more than 20%, of which Lei Sai has the highest turnover rate of 36.78%.
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 1.799 billion yuan, of which the net outflow of Shanghai Stock Connect was 456 million yuan, the balance of funds on the day was 52.456 billion yuan, and the net outflow of Shenzhen Stock Connect was 1.343 billion yuan. The balance is 53.343 billion yuan; the net inflow of southbound funds is 3.068 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 1.058 billion yuan, the balance of funds on the day is 40.942 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 2.01 billion yuan, and the balance of funds on the day is 39.99 billion yuan.
Looking forward to the market outlook, Soochow Securities said that the market continued to maintain a strong state of attack and became more enthusiastic. Some blue chip stocks have increased too much in the short term, and investors need to pay due attention to risks.
Galaxy Securities pointed out that the current market is still continuing to rise strongly. Market sentiment is expected to continue to bring incremental capital into the market, which can conform to the trend, but it also needs to look at the potential uncertainties. The fundamental support of the current market rise still needs to be confirmed. Regulatory policies continue to exert force and capital market reform measures are advanced, but no strong stimulus is expected. The economy has recovered steadily, but the pace of repair has slowed. (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.)