China-Singapore Jingwei client, July 20, the first trading day of the week, the Shanghai stock index continued to rise, the GEM index performed weakly, and once turned green, individual stocks showed a general upward trend, and more than 80 stocks daily limit.
Source: Wind
As of 11:30, the Shanghai Composite Index reported 329.85 points, an increase of 2.62%, and the turnover was 343.255 billion yuan; the Shenzhen Component Index reported 13342.68 points, an increase of 1.74%, and the turnover was 404.681 billion yuan; the GEM Index reported 2674.91 points, an increase of 0.47%.
Most of the industry sectors are red, with only wine and healthcare falling slightly by 0.97% and 0.85%, respectively; securities, aviation, shipping, insurance, and construction materials are among the top gainers.
The securities sector rose 6.28%, all stocks rose, Guohai Securities, Western Securities, Founder Securities daily limit. In addition, the aviation sector rose nearly 6%. Among them, the aviation development control, AVIC Shen Fei, AVIC Hi-Tech daily limit.
The concept sector is also mostly red, with GDR, security housing, high-end equipment, disperse dyes, and defense military industry rising at the forefront; biological vaccines and immunotherapy have fallen.
The concept of affordable housing soared 5.12%, the stocks set a daily limit, and 6 stocks such as Jidong Cement, Beijing New Building Materials, Conch Cement, and AVIC High-Tech.
As for the science and technology board, the Cambrian officially landed on the science and technology board on the 20th and became the "first stock of AI chips". As of midday closing, the Cambrian rose 234.2% to 215.22 yuan.
Overall, 3316 stocks in the two cities rose, of which 149 stocks such as Anning shares, Asia-Pacific technology and Jihong shares rose more than 5%. 523 stocks fell, of which 45 stocks such as Kangtai Biology, ST Long Investment and Weilong shares fell more than 5%.
In terms of turnover rate, a total of 5 stocks have a turnover rate of over 20%, of which Ganli Pharmaceutical has the highest turnover rate of 34.02%.
Guotai Junan research report analysis, A shares will return to shock, 3500 points as a historical chip-intensive area, there is greater resistance, breakthrough 3500 will take time. The market will shift from the previous trend stage to the shock stage, or run between 3200 and 3400 points. On the one hand, there is greater resistance at 3500 points, and there is no basis for bottom-up breakthroughs in the current styles. On the other hand, the market's profit-making effect is weakened and incremental funds are slowing down. In terms of configuration, the style will transition from the financial cycle to technological consumption.
Caitong Securities Research reported that the probability of a large market consolidation is higher. In recent trading days, A-shares have ushered in adjustments as scheduled, but the callback rate and rate of some individual stocks have exceeded expectations. In the short term, there is a higher probability that the broader market will maintain shock consolidation.
However, Everbright Securities believes that even if the market continues to adjust, investors do not need to worry too much. The current corporate profits are gradually recovering. After the corporate profit recovery is generally recognized by the market, the market will eventually take the profit recovery to a higher position. (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.)