Sino-Singapore Jingwei Client, August 17th, in early trading on the 17th, the Shanghai Stock Exchange Index continued to rise after opening higher, recovering 3400 points; the ChiNext Index was weak, and it turned down several times during the session.
As of midday's close, the Shanghai Stock Index reported 3436.30 points, an increase of 2.27%, with a turnover of 320.407 billion yuan; the Shenzhen Component Index reported 13732.39 points, an increase of 1.8%, with a turnover of 367.20 billion yuan; the Growth Enterprise Market Index reported 262.99 points, an increase of 0.91%.
Source of the Shanghai Index in early trading: Wind
On the disk, the large financial sector showed strong strength. The brokerage sector led the two markets, with an overall increase of more than 5%. All stocks went red across the board, Guolian Securities, China Merchants Securities, and Guosen Securities had daily limits; bank stocks also rose across the board, Chengdu Bank and Changsha Bank daily limit; insurance Shares of China Life are approaching the midday closure, and Xinhua Insurance rose nearly 9%.
In terms of concept stocks, yesterday's daily limit, capital leader, and Ant Financial Concept were among the top gainers, and genetically modified products were among the top decliners.
In terms of individual stocks, 3348 stocks rose, among which 144 stocks such as Honglu Steel Structure, Hainan Expressway, and Guotai Junan rose more than 5%. 480 stocks fell, of which 24 stocks including Foton Motor, Yulong and ST Shanshui fell more than 5%.
In terms of turnover rate, a total of 14 stocks had a turnover rate of more than 20%, and China United Securities had the highest turnover rate, reaching 62.29%.
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 6.113 billion yuan; the net inflow of southbound capital is 2.159 billion yuan.
According to the analysis of Industrial Securities, the short-term economic fundamental recovery will have some twists and turns, but the overseas epidemic has fallen, the European recovery fund is launched, and domestic and foreign demand are still in a resonant and upward recovery period; the mid-term reporting season is approaching, and after the previous market rises and valuations, performance has entered Critical verification period. On the whole, multiple periods have been superimposed, and market volatility has increased compared with the previous period. The market has experienced rapid unilateral gains since then, and has entered a stage of sideways consolidation and shock adjustment, and seize the opportunity for core assets of various industries to get on board.
New Era Securities pointed out that the supervision and investigation of bank funds flowing into the stock market in violation of regulations, the low expectations of social financial data, major short-term negatives have once again been realized, and strong stocks (pharmaceuticals) have also made up for losses. The monthly technical adjustments that began in mid-July may have been completed, and the market may get rid of the turbulence at any time and start to rise again. From September to October, both the stock market funds and the economy may exceed expectations. (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.)