Chinanews.com client, Beijing, July 23 (Reporter Xie Yiguan) On July 23, A-shares were on the hot search again. The three major stock indexes fell by more than 2%, then bottomed out and rebounded. They fluctuated violently throughout the day. "The military industry stocks have risen sharply after the trend, what happened?
Shanghai index daily chart.
Stock index recovered 3300 points, the defense industry lift limit tide
As of the close of trading on the 23rd, the Shanghai Composite Index fell 0.24% to 3,325.11 points, regaining 3,300 points; Shenzhen Component Index rose tenaciously in late trading, rising 0.03% to 13,661.50 points; ChiNext Index rose 1.11% to 2,79.67 points, close to recovering 2,800 points .
Market trading sentiment continued to be active. The trading volume of Shanghai and Shenzhen stocks exceeded 1.2 trillion yuan throughout the day, breaking through one trillion yuan for 16 consecutive trading days. Northbound funds flowed in and out frequently. After a net inflow of 4.17 billion yuan on the 22nd, a net outflow of 3.654 billion yuan on the 23rd, including a net outflow of 3.096 billion yuan for Shanghai Stock Connect. The total net outflow of northbound funds this week was 8.394 billion yuan.
On the disk, a total of 1226 stocks in the two cities rose, 97 stocks daily limit; 2449 stocks fell. The sectors of tourism, shipbuilding, aviation, medicine, household appliances and other industries saw the highest gains. In terms of the concept sector, the pharmaceutical and military-related sectors performed strongly. National defense and military-industrial stocks set their daily limit, and 18 related stocks such as Bright, Recco Defense, and Taiwan Strait Nuclear Power had their daily limit.
In addition, the 50 component index of the Shanghai Stock Exchange Sci-Tech Innovation Board officially released on July 22 underperformed on the 23rd, fluctuating widely throughout the day, closing down 0.21% to 1,494.14 points. However, institutions generally believe that the release of the Science and Technology 50 Index will not only bring incremental capital, but also promote the healthy operation of the market.
Why is the stock market volatile and the northbound capital flows out again?
Some research institutions believe that it may be related to changes in the external environment.
"Recently, individual countries' provocative behaviors against China have increased significantly, which has become an important risk point for the market, which has inhibited the inflow of funds from the north to a certain extent, and thus dragged down the performance of the A-share market." AVIC Securities said.
Fan Lei, chief macro analyst at China Sea Securities, said that the incident was more of an impact on market sentiment. In terms of fundamentals, we continue to maintain cautious optimism about the economic recovery in the second half of the year, and the market has a judgment on the possibility of style switching.
Regarding the launch of online issuance of the Shenzhen Stock Exchange's ChiNext registration system, Yue Kai Securities chief market analyst Yin Yue pointed out that this may increase the short-term ChiNext volatility. However, referring to the substantial increase in the scale of investment banking business brought about by the establishment of the Science and Technology Innovation Board in 2019, it is expected that the income of securities firms and investment banks will continue to increase in 2020, which will benefit the overall opportunities of the securities firms and technology stocks.
Data map: Two old stockholders communicate in a stock exchange in Chengdu.
Does the agency expect the A-share market outlook to be volatile?
"Technology stocks are not so good anymore." "It seems that'drink and take medicine' are reliable." "The market has slowed down and made up for it at the end." "It can't be made up now, will it be made up halfway up the mountain?"
Under the turmoil of the market, stockists in the stock market are discussing various news while arguing about how the stock market will go. What should they buy? Should I cover the position?
In Guosheng Securities' view, the Shanghai Stock Index has greater upward pressure near 3350 points, while short-term blue chip stocks have increased rapidly, and technically there are requirements for rest and adjustment. "The tight balance of funds, superimposed on the fast-paced issuance of giants such as SMIC, the sci-tech innovation board has been lifted for a year, and the external environment is surging. After the market, it is still expected to fluctuate and climb."
"The current structural market is not over yet, but the growth sector is facing certain valuation adjustment pressures in the short term. The high P/E ratio sector has higher risks. It is recommended to find low-value high-quality sectors to inhale. The current stock market investment should focus on medium and long-term opportunities." Securities analyst Yang Zhenyu said.
"From the perspective of volume-price relationship, the market is more likely to shift to a new platform than to continue to advance. That is, the Shanghai Stock Index 3350-3450 points constitute the upper-end area, and the 3100-3200 points constitute the lower-end area." Northeast Securities believes, The Shanghai stock index will close below 3450 points in July, and the probability of seeking support near the 20-day moving average at 3200 points is increasing.
"The market as a whole is in a turbulent pattern, and it is not appropriate to change hands frequently." Shanxi Securities believes that in the future, trading volume will continue to remain high, on-market funds will maintain a rapid flow pattern, and return volatility will remain at a high level. Will continue. (Finish)