Sino-Singapore Jingwei Client, July 31. On the last trading day of July, the A-share red market ended, the Shanghai Index rose 10.90% monthly; the Shenzhen Component Index rose 13.72% monthly; the Chuang Index rose 14.65%.
Source: Wind
On the 31st, A-shares remained volatile throughout the day. The index rose and fell in the morning, and then gradually climbed in the afternoon. Near the end of the trading session, ByteDance concept stocks set off a daily limit wave, and the semiconductor sector rose sharply.
As of the close, the Shanghai Index reported 3310.01 points, an increase of 0.71%, with a turnover of 495.778 billion yuan; the Shenzhen Component Index reported 13637.88 points, an increase of 1.27%, with a turnover of 642.616 billion yuan; the ChiNext Index reported 2795.40 points, an increase of 1.89%. The turnover of the two cities exceeded one trillion for 3 consecutive days.
Source: Wind
Most of the industry sectors went red, only shipping and coal fell 1.52% and 0.03% respectively; aviation, securities, components, medical care, and semiconductors were the top gainers.
The aviation sector surged 10.67% on the 31st, leading the industry sector. The stocks in the securities sector set their daily limit, and five stocks including N Guolian, Hualin Securities, Harbin Hi-Tech, and Caitong Securities have daily limit.
The concept sector also rose more and fell less, with aquatic products, biological vaccines, ByteDance, consumer electronics, and Apple leading the rise in concepts; seed industry, satellite navigation, wind and sand management, ecological agriculture, and pork fell in the top.
Bytedance concept was strong, rising 3.76%. Among individual stocks, 12 stocks such as Tianchuang Fashion, Gravitation Media, Global Printing, and Shengguang Group had their daily limit. On the news, there are reports that Bytedance considers listing Chinese business in Hong Kong or Shanghai, and prefers Hong Kong.
Overall, a total of 2,688 stocks in the two cities rose, of which 147 stocks such as Funeng, New Industries, and Hengtong Technology rose more than 5%. 1018 stocks fell, of which 11 stocks including Beijing Urban and Rural, Qiming Information, and Delisted Yinge fell more than 5%.
In terms of turnover rate, a total of 37 stocks have turnover rates of more than 20%, of which Aopu has the highest turnover rate, reaching 55.28%.
According to the analysis of the Northeast Securities Research Report, the biggest feature of the July market is the high volatility, which brings the possibility of switching short-term styles to low-valued finance, real estate, and traditional cycles. In mid-to-late August, the interim report will enter a period of centralized disclosure, and the improvement of the domestic demand system and the mid-term report market-oriented high-performance consumer and technology stocks are still worthy of attention. Judging from the performance forecast in the mid-year report, technology and consumer profit growth are dominant.
Looking ahead, Everbright Securities believes that with the gradual improvement of the domestic economic situation, it will be a high probability event that corporate profits will recover in the second half of this year. Therefore, if short-term factors induce market adjustments, investors need not worry too much, waiting for corporate profits. After the recovery is generally recognized by the market, the recovery of corporate earnings will become a new driving force for the market to rise.
At the same time, Everbright Securities stated that the Fed’s loose monetary policy has provided the market with sufficient US dollar assets, and the uncertainty of the US economic recovery has affected the market’s demand for US dollars. Affected by this, the US dollar index has continued to decline recently. The previous high has fallen by nearly 10%. From a long-term perspective, the weakening of the U.S. dollar index is conducive to the continued inflow of foreign capital into A shares. Historically, when the U.S. dollar index has weakened, A shares have often performed well. (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.)