Chinanews Client Beijing, August 17th (Reporter Xie Yiguan) On the 17th, A-shares celebrated the "good start on Monday". The rise of major financial stocks led to a strong rise in the Shanghai Index. The Shanghai Index returned to 3,400 points, reaching a maximum of 3,450.90 points within the year. The high point is only one step away.
As of the close, the Shanghai Composite Index rose 2.34% to 3438.80 points; the Shenzhen Component Index rose 1.88% to 13742.23 points; the ChiNext Index rose 1.04% to 2696.39 points. A total of 3404 shares in the two cities rose, 121 shares rose by the limit; 429 shares fell, and 9 shares fell by the limit.
The Shanghai Composite Index closed performance.
On August 13th and 14th, the turnover of the two cities fell below one trillion yuan. On the 17th, the market sentiment was revived, and the turnover of the two cities reached 1.15 trillion yuan. The net inflow of northbound funds continued, with a net inflow of 5.713 billion yuan throughout the day. The cumulative net inflow in the past two trading days exceeded 12 billion yuan.
On the disk, financial sectors such as insurance, securities, diversified finance, and banking saw the highest gains, while the hotel and catering sector bucked the market and closed down; in the conceptual sector, sports concepts, gold concepts, and gaming concepts performed well. The national defense and military industry sector once again set a daily limit wave, and 18 related stocks such as Guangyang, Xiling Power, and Kehua Hengsheng have daily limit.
Market analysts believe that on the 17th, A-shares, especially the Shanghai stock market, emerged from a strong market, which may be due to the interweaving of multiple good news in recent days. For example, on the 17th, the central bank launched a 700 billion yuan medium-term loan facility (MLF) operation. This MLF operation is a one-time continuation of the two MLF expirations this month, which fully meets the needs of financial institutions and also brings a "cardio boost" to the stock market.
In addition, Guo Shuqing, Secretary of the Party Committee of the People's Bank of China and Chairman of the China Banking and Insurance Regulatory Commission, issued a document in the "Seeking Truth" a few days ago that it is necessary to continuously improve the basic system of the capital market and guide financial management, trust and insurance to increase long-term stable funds for the capital market.
Moreover, the China Securities Regulatory Commission publicly solicited opinions on the "Regulations on the Administration of Securities Companies Lease of Third-Party Network Platforms to Carry Out Securities Business Activities (for Trial Implementation)" on the 14th, guiding industry institutions to innovate in an orderly manner, clarifying the boundaries of cooperation between securities companies and third-party institutions, and establishing a Characteristic risk prevention mechanism.
In addition, the Shenzhen Stock Exchange announced on the 14th that it plans to organize the listing of the first batch of companies under the GEM registration system on August 24. At that time, on the day when the first GEM registered stock was listed, all the stock GEM stocks will change from 10% to 20%. Some investors believe that the registration system is good for the stock market in the long-term; but there are also investors who believe that the adjustment of the increase or decrease to 20% increases investment risks.
Data map: Investors in a securities business department in Haikou are concerned about the market trend. Photo by China News Agency reporter Luo Yunfei
“The stock market faced pressures such as the imminent implementation of the registration system on the ChiNext last week, and the market risk appetite has dropped significantly. ChiNext refers to the test of the key point of 2,600 points under the suppression of the callback of weighted sectors such as medicine, and it faces the choice of direction in the short term.” Bohai Securities pointed out. In the medium and long term, short-term market volatility will provide entry opportunities for industries whose investment logic remains unchanged in the medium and long term.
"The Shanghai Index is still an important resistance level facing the market at 3400 points. Under the expectation that the liquidity turning point will appear, the overall market can continue to rise depends on whether the fundamentals or risk appetites are obviously positive. As the economic data in Europe and America continue to improve , It is expected that the balanced allocation of A-share styles will be further accelerated." Minsheng Securities analyst Yang Liu said.
CICC believes that recent external uncertainties still exist; partial market valuations are not low and valuations are differentiated; monetary and credit data show that monetary policy has been adjusted at the margin; the slope of economic recovery may decline slightly, and A-shares are expected to "consolidate. The trend of "trend" may continue for some time. "Considering that the domestic economic growth recovery is still deepening, the prevention and control of the epidemic is ahead of the outside world, and there is room for policies, we have a positive attitude towards the mid-term market performance." (End)