Sino-Singapore Jingwei Client, August 12th. On the 12th, the Shanghai and Shenzhen stock markets fluctuated and weakened after the opening. The Shanghai Index fell below 3,300 points, and the ChiNext Index fell nearly 4% during the session. In the context of market volatility and weakening, the banking, real estate and other weighted sectors showed a certain degree of resilience. In late trading, the index picked up faster and the decline narrowed. The turnover of the two cities exceeded one trillion yuan for eleven consecutive trading days.
As of the close, the Shanghai Index reported 3319.27 points, a decrease of 0.63%, with a turnover of 480.731 billion yuan; the Shenzhen Component Index reported 13,308.52 points, a decrease of 1.17%, with a turnover of 596.939 billion yuan; the ChiNext Index reported 2635.50 points, a decrease of 1.98%.
On the disk, sectors such as air transportation, oil exploration, airports, fisheries, and electronics manufacturing led the gains; sectors such as scenic spots, gold, aerospace equipment, aviation equipment, and biological products led the decline. In terms of concept stocks, 3D camera, voice technology, iQiyi concept, film and television media, and augmented reality were among the top gainers, while super fungi, aircraft carrier concepts, in vitro diagnostics, gold, and biological vaccines were among the top decliners.
In terms of individual stocks, 1401 stocks rose, of which 145 stocks such as Sugon, Qianzhao Optoelectronics, and Anhui Natural Gas rose more than 5%. 2384 stocks fell, of which 150 stocks such as Hengtong Technology, Shentong Metro, and Geer Software fell more than 5%.
In terms of turnover rate, a total of 47 stocks had a turnover rate of more than 20%, of which N Shijia had the highest turnover rate, reaching 76.35%.
In terms of capital flow, the top five industries that flowed into the top five were chemicals, power supply equipment, auto parts, computer applications, and real estate development, while the top five flowed out were chemicals, power supply equipment, computer applications, cement manufacturing, and special equipment. The top five stocks with major inflows are GCL Consolidation, Ingenic Group, Beidouxingtong, Guangqi Technology, and China Construction. The top five stocks for outflow are Tianshan, GCL Consolidation, Beidouxingtong, Junzheng Group, Rheinland biological. The top five conceptual themes of the main inflows are margin financing and securities lending, refinancing securities targets, MSCI concepts, Shenzhen Stock Connect, and Shanghai Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities targets, and Shenzhen stocks. Connect, MSCI concept, Shanghai Stock Connect.
As of the previous trading day, the Shanghai Stock Exchange’s financing balance was reported at 729.672 billion yuan, a decrease of 2.953 billion from the previous trading day, and the securities lending balance was reported at 38.832 billion yuan, a decrease of 654 million from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 673.192 billion yuan. , A decrease of 2.55 billion yuan from the previous trading day, and the securities lending balance reported 21.982 billion yuan, a decrease of 171 million yuan from the previous trading day. The balance of margin trading and securities lending in the two cities totaled 1.463.677 billion yuan, a decrease of 6.328 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 inflow of northbound capital is 565 million yuan, of which the net inflow of Shanghai Stock Connect is 2.01 billion yuan, the balance of funds on the day is 4.99.9 billion yuan, and the net outflow of Shenzhen Stock Connect is 1.445 billion yuan. The balance was 53.445 billion yuan; the net inflow of southbound funds was 1.552 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 918 million yuan, the fund balance on the day was 41.082 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 634 million yuan, and the fund balance on the day was 41.366 billion yuan.
From a technical point of view, Guosheng Securities pointed out that the Shanghai Stock Index is facing time window adjustment pressure, while the ChiNext Index has broken the lower track of the rising channel formed since July 17, which is not conducive to the bulls in the short term.
Guotai Junan pointed out that the Shanghai stock index is still in the box shock range, and the index level is divided. In the medium and long term, the upward revision of asset valuations brought about by the risk-free interest rate cut has not yet ended, and the trend of residents to increase the allocation of securities continues. Therefore, a short-term callback is a good time to re-adjust bargain-hunting. We can continue to focus on investment opportunities in sectors such as large consumption and independent control from the perspective of the domestic cycle.
Yang Delong, chief economist of Qianhai Open Source Fund, said that from the perspective of recent market trends, the market has turned to a turbulent process. The possibility of a sharp rise in the market is unlikely, and more likely to be a shock rebound. To maintain confidence and patience for the market outlook, the A-share market is expected to shift its center of gravity amidst the turbulence, and it is expected to hit a new rebound in the second half of the year. (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.)