China News Client, Beijing, July 17 (Reporter Xie Yiguan) Compared with last week's strong performance, this week, the three major A-share stock indexes staged a "roller coaster" market, soaring and falling, 160 million shareholders from last week's The per capita profit of 39,000 yuan has become the per capita compensation of 20,000 yuan.
"Drinking and eating meat last week, this week clear porridge side dishes." Some netizens said.
Shanghai index chart.
Quotes "Rollercoaster", stockholders lost 20,000 yuan per capita this week
On July 17, the three major A-share stock indexes showed a wide range of fluctuations throughout the day. The Shanghai stock index ended three consecutive declines and closed up 0.13% at 3214.13 points; the Shenzhen Component Index closed up 0.91% at 13114.94 points; the GEM index closed up 0.61% At 2662.40 points.
Although the three major stock indexes received dividends, after the net outflow of main funds exceeded 100 billion for three consecutive days, net outflows continued on the 17th. However, there is a sign of U-turn in the northbound funds, with a slight net inflow of 1.043 billion yuan on the 17th, and a cumulative net outflow of northbound funds of 19.116 billion yuan this week.
On the 17th, the trading volume of Shanghai and Shenzhen reached 1.1 trillion yuan a day, surpassing 1 trillion yuan for 12 consecutive days. Although it is still at a high level, compared with the turnover of more than 1.5 trillion yuan in the first four trading days of this week, it has obviously shrunk.
As the stock market staged a "roller coaster" market, the Shanghai index fell 5% weekly and stopped the weekly Lianyang; Shencheng index fell 4.07% weekly and GEM index fell 4.18% weekly. Last week, the Shanghai Composite Index rose 7.31%, the Shenzhen Component Index rose 9.96%, and the GEM Index rose 12.83%.
This week, the sector's gains have "shrinked" significantly. The building materials sector led the way, with weekly gains exceeding 3%. In addition, the office supplies, motorcycles, construction machinery and other sectors rose weekly. Computer hardware, software, and brokerage sectors fell more than 9% weekly.
In terms of market value, this week's A stock market value decreased by 3.2 trillion yuan, that is to say, the shareholders who made 39,000 yuan per capita last week lost an average of 20,000 yuan this week.
Data Map: China Securities Regulatory Commission. China News Agency reporter Zhang Hao
Regulators frequently transmit calm signals, the market is positive and negative
Market analysis believes that the reason why the capital level is so "sensitive" to the market is that the recent regulatory actions have repeatedly been a major factor.
First, the off-site allocation was strictly investigated. On the 8th, the CSRC conducted a centralized exposure of the list of 258 platforms and their operating agencies that illegally engaged in off-site allocation. On the 11th, the China Banking and Insurance Regulatory Commission stated that it is strictly forbidden for bank insurance institutions to participate in off-site capital allocation in violation of regulations, and strictly investigate the behavior of increased leverage and speculation.
The second is to prevent credit from entering the market. On the 17th, the China Banking and Insurance Regulatory Commission issued the "Interim Measures for the Administration of Internet Loans of Commercial Banks", which stipulated that the credit line for individual credit loans for single household consumption should not exceed RMB 200,000; it should not be used for real estate, stocks, bonds, futures, and financial derivatives And investment in asset management products.
Coupled with the frequent reduction of the “national team” such as social security funds and large funds, “the management’s intention to fine-tune the policy pre-adjustment to prevent asset price bubbles is obvious.” Shen Zhengyang, a senior investment consultant at Northeast Securities, pointed out.
On the other hand, some capital departures are related to the upcoming wave of lifting the ban. Among the first batch of listed companies on the Science and Technology Board, 24 companies except Huaxing Yuanchuang will usher in the lifting of the ban on July 22, with the stock market value exceeding 200 billion yuan.
However, the CICC research report believes that although the first batch of companies on the Science and Technology Board has a larger scale and a relatively higher proportion of the market value of circulation, the actual pressure to reduce holdings during the lifting of the ban may be relatively limited. It is more an influence of risk appetite than an actual fund.
In addition to these bad news, it is also good news.
On the 17th, in order to maintain the reasonable and sufficient liquidity of the banking system, the central bank carried out a 200 billion yuan reverse repurchase operation through interest rate tendering, which was also the operation of the central bank in the open market for 5 consecutive days. This week, the central bank's open market net investment of 530 billion yuan, a record high of a month and a half.
In the eyes of some market participants, the operation of the central bank has released a signal to the market that "short-term monetary policy has not been tightened."
Ruan Jianhong, director of the Central Bank's Investigation and Statistics Department and spokesperson, also said recently that monetary policy will maintain reasonable and sufficient liquidity in the second half of the year. Trillion yuan.
Information figure: Securities company staff guides stockholders in online transaction process. China News Agency reporter Yin Liqin
Institution: Short-term shock consolidation, no change in the medium to long-term
Shanxi Securities said that market sentiment has reversed, and the market may continue to dive in the future. Higher valuation stocks and industry have more room for downside. "In the medium term, after a sharp decline in trading volume and market sentiment will gradually return to normal levels. In the future, we can pay attention to the low-value, high-quality targets supported by fundamentals that are wrongly killed. In the long run, they are supported by macroeconomic fundamentals and overall upward. The trend is unchanged."
Bohai Securities believes that in the short term, the market's stock supply will increase, and the inflow of funds will be loose, which will cause the sentiment to fade quickly, and the market will have a certain rebound expectation. In the mid-to-long term, the market's high-level correction may require the contraction volume and the volatility to slow down to consolidate the bottom.
"After the sharp decline on the 16th, the uptrend that began on July 1 basically came to an end. With effective support in the future, the Shanghai stock index is expected to start a turbulent and consolidated trend and fully gain momentum for the next phase of the new market." Zhongyuan Securities It is pointed out that the interim report of listed companies has been released one after another, suggesting investors to pay attention to the investment opportunities in industries and individual stocks whose performance growth exceeds expectations. At the same time, continue to pay attention to changes in policy, capital and external disk. (Finish)