Sino-Singapore Jingwei Client, July 28. On Tuesday, the three major A-share stock indexes fluctuated sideways throughout the day. The trading volume in the two cities continued to shrink, with daily limit of less than 60 stocks. The big consumer sector led the gains, and the concepts of digital currency and rare earth permanent magnets were active; gold stocks had a significant correction.
Source: Wind
As of the close, the Shanghai Index reported 3227.96 points, an increase of 0.71%, with a turnover of 389.874 billion yuan; the Shenzhen Component Index reported 13147.35 points, an increase of 1.31%, with a turnover of 502.046 billion yuan; the GEM index reported 2666.52 points, an increase of 1.32%.
Most of the industry sectors went red, only transportation services and ships fell slightly by 0.15% and 0.05% respectively; the food and beverage, mineral products, culture, education and leisure, advertising and packaging, and winemaking sectors saw higher gains.
Food and beverages soared 3.86%. Among them, 9 stocks such as Jilin Forest Industry, New Dairy, Manor Farm, Jindawei, etc. rose by their daily limit, and Microcolumn and Tianrun Dairy rose more than 9%.
In terms of the concept sector, aquatic products, digital currency, pork, scarce resources, and rare earth permanent magnets ranked the top; gold concepts, seed industries, GDR-containing, biological vaccines, and polysilicon fell top.
Aquatic products rose nearly 4% to lead the rise in the conceptual sector, and Zhangzidao once again reached its limit. The stock price rose by 33.33% from July 23 to 28. The concept of digital currency is active, with 5 stocks such as Hongda, Digital Certification, and Feitian Credit having their daily limit.
In addition, the concept of gold fell sharply, closing down 1.57% on the 28th. On individual stocks, *ST Jinyu bucked the market's daily limit, and several stocks such as Intime Gold, Cuihua Jewelry, and Yuancheng Gold fell more than 5%.
Overall, a total of 2,808 stocks in the two cities rose, of which 149 stocks such as Shuangfei, Sunward, and Yongding rose by more than 5%. 952 stocks fell, of which 25 stocks such as Tianjian Technology, ST Shenglai, ST Busen fell more than 5%.
In terms of turnover rate, a total of 14 stocks had a turnover rate of more than 20%, of which CSSC Hanguang had the highest turnover rate, reaching 62.25%.
Pacific Securities believes that short-term market volatility has not converged and will still be in the process of accumulating shocks. The lifting of restricted stocks will aggravate capital disturbances. Repeated external markets will further extend the market turbulence stage, but the callback space is controllable and the market focus will remain after the capital game. Will return to fundamentals. In the medium and long term, the economy has stabilized and recovered, corporate profits have improved, and the inflow of foreign capital has not changed. The medium and long term can still be relatively optimistic. After the loosening of funds for the early "group", the recent style rotation expectation has further strengthened, and the style tends to be balanced.
According to analysis by Great Wall Securities, under the condition that the long-term logic remains unchanged, the recent market adjustment is still a correction to the rapid rise in the previous period. The subsequent market will attribute a high probability to rationality and focus on turbulence. The view on the market outlook is biased to be optimistic. Bringing car opportunities for some industries and individual stocks, which can be deployed during the adjustment period. There is a high probability that the market will still be dominated by structural prices in the future. The valuations of technology and consumer products that have increased in the previous period will return to the equilibrium level. Technology and consumption will not be absent in the second half. (Zhongxin Jingwei APP)
(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.)