China News Service Client Beijing, July 16 (Reporter Xie Yiguan) On the 16th, the three major stock indexes of A shares fell sharply. The Shanghai index and the GEM index both created the largest single-day decline in more than 5 months.
As of the close, more than 3,000 stocks in the two cities fell, and more than 200 stocks fell. "It's time for the stock market to be calm!" Some netizens said.
Shanghai index K chart.
A shares fell sharply, Guizhou Moutai fell nearly 8%
On July 16, the three major stock indexes of A shares went down unilaterally, out of the "three consecutive yin" market. The Shanghai index fell 150 points, approaching 3200 points, closing at 3210.10 points, down 4.50%; the GEM index fell below the two barriers of 2800 points and 2700 points, closing at 2646.26 points, down 5.93%; the Shenzhen Component Index closed at 12996.34 points, down 5.37%.
Despite the sluggish market performance, short-term sentiment is still high. As of the close on the 16th, the daily turnover of the Shanghai and Shenzhen cities has exceeded 1.5 trillion yuan for the 9th consecutive day, and it has exceeded the trillion yuan for the 11th consecutive day, continuing to remain at a high level.
On the 16th, a total of 3,495 stocks in the two cities closed down, and 251 stocks closed down; 217 stocks closed up, and 39 stocks closed up. The industry sector is green, and the tourism sector, which performed strongly yesterday, led the decline. The wine, diversified finance, and daily-use chemical sectors declined.
It is worth noting that the "drinking and taking medicine" market no longer, the wine sector fell more than 8% on the 16th, 13 related stocks such as alcoholic liquor, Luzhou Laojiao, Wuliangye fell, and the share price of Maotai in Guizhou fell 7.9%, directly boarding the hot Search.
On the same day, SMIC, a "chip leader" company, officially landed on the Science and Technology Innovation Board. Under its leadership, the overall decline of the semiconductor sector was relatively small. SMIC rose more than 200% on the first day of listing, closing at 82.92 yuan, with a total market value of 613.557 billion yuan, becoming the largest company in the market value of science and technology board.
Zhang Qiyao, the chief strategy of Guosheng Securities, believes that SMIC's landing on the science and technology board, on the one hand, the configuration value of the A-share semiconductor field will increase again, and it is expected to attract more capital to increase allocation; on the other hand, the joining of SMIC continues to strengthen the science and technology board. The hard core attribute attracts the accelerating nuggets of stock funds and the massive increase of incremental funds.
Funds continued to flow out, with net outflow of main funds of 111 billion
Behind the "Three Lianyin" market, recent market cooling messages continue to appear. In addition to the strict supervision of the off-site allocation of funds to the market to cool down, the intensive reduction of social security funds and industrial capital, and the northward funds have released a "calm" signal. .
On the 16th, the net outflow of main funds exceeded 100 billion yuan for the third consecutive trading day, with a total outflow of 111.10465 billion yuan. On July 15, the balance of margin financing and securities lending increased by 1.072 billion yuan compared with the previous trading day. Compared with the previous single-day increase of tens of billions of dollars, the increase was significantly reduced.
In addition, the northward capital outflow on the 16th was 6.920 billion yuan for the whole day, which was the net outflow for three consecutive days. Everyday, northbound funds, social security funds, public funds and insurance funds are the "wind vane" for many investors to observe the direction of the stock market.
In the past 30 days, northward capital flows.
"Although foreign capital is affected by rising hedging sentiment out of the A-share market in the short term, the pattern of China's economic recovery leading the world has not changed", Chen Guo, chief strategy analyst of Anxin Securities, said that the further reduction of the correlation between Chinese assets and global assets is Once again, the allocation value of A shares has been improved, and it will continue to attract foreign investment in the future.
"Although the economy is recovering now, the prospects are very bright, but as the overseas epidemic continues to spread, once the price of risky assets rises too fast, it will lead to a short-term recovery from reality and affect its economic recovery." Global Chief Economics of BOC Securities Jia Guantao said on the 16th that "The Country is a Forum-Mid-2020 Economic Situation Analysis Meeting", this round of A-share gains is largely driven by domestic capital and needs to be highly concerned about capital flows.
Data graph: Two investors are fiercely discussing the trend of the stock index. China News Agency reporter Wei Liangshe
Institutions: Investors should remain rational and avoid chasing ups and downs
In the face of the continued decline in the stock market, some stockholders have expressed that they want to liquidate and retreat, and some stockholders believe that it is only a short-term decline. How will this round of market change, and how should investors choose?
"The current A stock market value/M2 has been located in the historical quintile of 76.6% since 2003. The market valuation has entered an overestimated range. At the same time, the recent rapid market rise has also made it possible for the profit market to cash in, which will cause market adjustments. Pressure." Everbright Securities believes.
"There will be a profit-driven rising stage in the follow-up market." Therefore, Everbright Securities believes that in the third quarter, from the currency-driven to profit-driven transition, even if the market adjusts due to the realization of potential risks, investors need not Excessive worry, the market will eventually take the profit recovery to a higher position.
"With the introduction of a series of cooling measures recently, the momentum of the continuous sharp rise in the weighted stocks and growth stocks of the two cities has been effectively curbed. The Shanghai stock index is fully accumulating, which is conducive to the long-term development of the current market." Zhongyuan Securities pointed out that "recommended investment People continue to pay attention to changes in policy and funding."
Guan Tao said that as investors, they should remain rational, abandon the idea of making quick and easy money in the past, pay more attention to making long and smart money, and look for structural opportunities through the institutional dividends released during the reform and opening up process. Do mid- and long-term investment and layout to avoid chasing ups and downs and speculation. (Finish)