Sino-Singapore Jingwei Client, August 31st. Today (31st) is the last trading day of A-shares in August. The two markets opened slightly higher. The Shanghai Stock Exchange Index maintained the red market and fell slightly towards the end of the trading session and fell below 3400 points; Shenzhen Component Index afternoon Turning green, the ChiNext index fell more than 1%.

  As of the close, the Shanghai Index reported 3395.68 points, a decrease of 0.24%, with a turnover of 436.93 billion yuan; the Shenzhen Component Index reported 13758.23 points, a decrease of 0.67%, with a turnover of 597.535 billion yuan; the ChiNext Index reported 2728.31 points, a decrease of 1.07%. The total turnover of the Shanghai and Shenzhen markets exceeded one trillion yuan.

  Overall, in August, the Shanghai Composite Index rose 2.59%, the Shenzhen Component Index rose 0.88%, and the ChiNext Index fell 2.40%.

  On the disk, the port and shipping sector led the decline, and the aquaculture, biological products, tourist attractions, electricity, medical equipment, banking, home appliances, real estate and other sectors were all green. The papermaking, computers, home textiles, military industry, optics and optoelectronics, hotel and catering sectors ranked among the top gainers.

  Digital currency concept stocks strengthened, Hanwei Technology rose more than 13%, Hailian Jinhui hit the daily limit, Feitian Chengxin, Jingu shares, Lakala, China Information and so on followed the rise. Liquor stocks are active, Jiuguijiu daily limit, willing to wine, Kouzijiao rose more than 5%; Kweichow Moutai's share price broke the 1,800 yuan integer mark, the highest stand was 1,186.00 yuan, a record high, and the total market value exceeded 2.2 trillion yuan.

  In terms of individual stocks, 1664 stocks rose, of which 149 stocks such as Bafang, Yangzi New Materials, and Sande Technology rose more than 5%. 2139 stocks fell, of which 45 stocks such as Xuerong Bio, ST Antai, ST Tongpu fell more than 5%.

  In terms of turnover rate, a total of 56 stocks have a turnover rate of more than 20%, of which N-Tieke has the highest turnover rate, reaching 68.94%.

  In terms of capital flow, the top five major flows of industry sectors are brokerage firms, bank II, beverage manufacturing, optical optoelectronics, and food processing, while the top five outflows are securities firms, bank II, beverage manufacturing, optical optoelectronics, and real estate development. The top five stocks with major inflows are Yili, Zijin Mining, TCL Technology, Industrial Bank, and BOE A. The top five stocks with outflows are BOE A, Yili, Industrial Bank, TCL Technology, and Zijin Mining. The top five conceptual themes for the main inflows are margin financing and securities lending, refinancing securities, MSCI concepts, Shanghai Stock Connect, and Shenzhen Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shanghai Stock Connect, Shenzhen Stock Connect.

  From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound funds is 5.743 billion yuan, of which the net outflow of Shanghai Stock Connect is 2.344 billion yuan, the balance of funds on the day is 54.344 billion yuan, and the net outflow of Shenzhen Stock Connect is 3.399 billion yuan. The balance was 55.399 billion yuan; the net inflow of southbound funds was 5.106 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 2.485 billion yuan, the fund balance on the day was 39.515 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 2.621 billion yuan, and the day’s fund balance was 39.379 billion yuan.

  Looking ahead, CITIC Securities analysts believe that A-shares are expected to start a mid-term rise in September, driven by incremental capital entry rather than a game of stock capital. The industry level is overall and the division in the industry will intensify.

  According to CITIC Securities, first of all, overseas monetary easing expectations have been strengthened, and the dollar’s ​​easing cycle is expected to continue at least until the second quarter of next year; at the same time, the trend of increasing rights in the residential sector continues, and the attractiveness of A shares relative to other assets has increased; September A share incremental funds Inflows are expected to accelerate again. Secondly, the registration system for the Growth Enterprise Market has been implemented steadily, and the relaxation of the price range has not caused a market impact; the interim report has ended steadily, and the pressure peak of lifting the ban on holdings has passed. Finally, it is expected that the domestic economy will quickly return to a normalized level month by month and quarter by quarter, and the follow-up momentum will remain unabated under the support of policies; corporate profits exceed expectations, laying a benchmark for the follow-up performance of leading products and raising investors’ expectations of fundamental flexibility.

  China Merchants Securities said that entering September, the market is expected to continue to fluctuate upwards. Due to the accelerated improvement of corporate profits, the fundamentals-driven characteristics have become more obvious. In July, the profit growth rate of industrial enterprises rebounded to nearly 20% due to the early launch of projects. Concentrated into the construction period, coupled with the low base in the same period last year, it is expected that the profit growth rate of industrial enterprises will continue to rise, reaching the peak of the growth rate in the first quarter of next year. The accelerated recovery of performance will provide the market with stable upward momentum.

  Guosheng Securities said that the recent adjustments are more of a shock digestion after the surge. Neither external risks nor the tightening of internal macro liquidity margins, or the relaxation of price limits, do not constitute systemic risks. We continue to be optimistic about the 3,000-point GEM. At the same time, macro liquidity will not be tightened systematically. Therefore, with ample liquidity in the stock market, the current market logic has not changed. (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.)