The Shanghai stock index bottomed out and closed down 0.24%, military stocks were hot
China-Singapore Jingwei Client, July 23rd, Thursday (23rd), the three major A-share indexes all opened lower, rose briefly and then fluctuated lower. The Shanghai stock index sank to near 3258 points. In the afternoon, the three main lines of big finance, technology, and tax exemption, which were weak in the morning, rebounded. Securities stocks rose. The concept of tax exemption continued to strengthen. The decline of the three major indexes narrowed. The ChiNext index took the lead in turning red and closed up more than 1%.
Time-sharing chart of the Shanghai Stock Exchange Index. Source: Wind
As of the close, the Shanghai Composite Index fell 0.24% to 3,325.11 points, with a turnover of 546.9 billion yuan; the Shenzhen Component Index rose 0.03% to 13,661.50 points, with a turnover of 699.1 billion yuan; the ChiNext Index rose 1.11% to 279.967 points, with a turnover of 238.2 billion yuan.
On the board, the ship sector led the gains, with China Shipbuilding Defense, China Shipbuilding Technology, and Jianglong Marine's daily limit. The sectors of aviation, medicine, daily-use chemicals, healthcare, nonferrous metals, household appliances, and securities saw the highest gains.
In addition, the insurance sector led the decline, all stocks in the sector were green, Xishui shares plunged nearly 8%, and China Life, PICC, and China Pacific Insurance all closed green. The media and entertainment, petroleum, banking, and environmental protection sectors are in a downturn.
In terms of concept stocks, the bio-vaccine sector led the rise. Fosun Pharma, Kanghua Biotech, etc. rose by the daily limit, Liaoning Chengda, Watson Biotech, etc. followed up. Anti-influenza, generic drugs, anti-cancer, genetic concepts, national defense industry, unmanned aerial vehicles, satellite navigation, military-civilian integration and other concept stocks are active, and more than ten stocks in the defense and military industry have their daily limit.
RCS concept, digital currency, electronic payment, cloud computing, data center sectors are sluggish.
On the other hand, on the first anniversary of the opening of the Science and Technology Board (July 22), the Science and Technology 50 Index was released, and it closed up 0.47% on that day to 1497.23 points. Today (23rd), the Kechuang 50 Index fell slightly by 0.21%, more than half of the stocks in the index closed green, and Platinum rose 14.58%. Haier Biotech, Transsion Holdings, Ruichuang Micronano and other stocks followed the rise; Rainbowsoft Technology fell nearly At 10%, Tianna Technology, Lanqi Technology, and Tianzhun Technology all closed down.
In terms of individual stocks, 1270 stocks rose, of which 149 stocks such as Yibai Pharmaceutical, Guizhou Tire, and Yinbang shares rose more than 5%. 2544 stocks fell, including ST Yedao, Huihong Group, Zhuhai Zhongfu and other 37 stocks fell more than 5%.
In terms of turnover rate, there are a total of 24 stocks with a turnover rate of more than 20%, of which Crane shares have the highest turnover rate, reaching 41.21%.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 70.026 billion yuan, an increase of 2.608 billion yuan from the previous trading day. The securities lending balance was reported at 30.585 billion yuan, an increase of 935 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 646.37 billion yuan. , An increase of 2.859 billion yuan from the previous trading day, and the securities lending balance reported 16.677 billion yuan, an increase of 817 million yuan from the previous trading day. The balance of margin trading and securities lending in the two cities totaled 1.397658 billion yuan, an increase of 7.219 billion yuan from the previous trading day.
From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound funds is 1.347 billion yuan, of which the net outflow of Shanghai Stock Connect is 2.045 billion yuan, the balance of funds on the day is 54.45 billion yuan, and the net inflow of Shenzhen Stock Connect is 698 million yuan. The balance was 51.302 billion yuan; the net inflow of southbound funds was 4.755 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 2.283 billion yuan, the fund balance on the day was 39.717 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 2.472 billion yuan, and the fund balance on the day was 39.528 billion yuan.
Centaline Securities said that the valuation differentiation of A-shares has not yet ended, and the current valuation differentiation pattern of seizing medium and long-term investment opportunities has not yet ended. Especially in terms of comprehensive mid- and long-term relative valuation indicators, although the relative valuation of growth stocks has been deduced to the extreme, there is still room for upside in the relative valuation of large-cap high-performance stocks. Structural markets such as consumption and medicine are still continuing. Since the bottom of 2018-2019 has just risen, so the current structural market is not over yet, but the growth sector is facing certain valuation adjustment pressure in the short term. The high PE sector has a higher risk. It is recommended to find low-value high-quality sectors to inhale. Current stock market investment Should focus on medium and long-term opportunities.
Shanxi Securities believes that from the current market sentiment, it is not yet ready to start a new round of upward market conditions. In the future, all sectors may be subject to shocks. It is recommended to remain cautious in the short term. In the medium term, market turbulence will continue for a period of time, and it is recommended to pay proper attention to low-value, high-quality targets supported by fundamentals. In the long run, supported by macroeconomic fundamentals, the overall upward trend remains unchanged.
(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)