Sino-Singapore Jingwei Client, September 3rd. On the 3rd, the three major A-share indexes continued to fluctuate. The Shanghai Index continued to fall after turning down near midday; the Shenzhen Component Index and the ChiNext Index expanded to more than 1% in the late trading.
As of the close, the Shanghai Index reported 3384.98 points, a decrease of 0.58%, with a turnover of 350.07 billion yuan; the Shenzhen Component Index reported 13,772.37 points, a decrease of 0.83%, with a turnover of 591.494 billion yuan; the ChiNext Index reported 2746.95 points, a decrease of 0.90%; the Shanghai 50 Index reported 3334.41 points, a decrease of 0.39%.
GEM refers to all-day trends Source: Wind
On the disk, liquor stocks bucked the market and rose, Jinhui liquor daily limit, Yanghe shares, Kouzijiao, Shede Liquor, Yilite and others followed up.
According to Tianfeng Securities’ analysis, the semi-annual report concentrates on releasing risks, and the mid-term report of Baijiu’s focus on the expected difference is in line with performance expectations, and the improvement trend is gradually verified. Kaiyuan Securities said that it is optimistic about the investment opportunities in Baijiu in the second half of the year. Probability of sales is high. Second, the internal enthusiasm of the winery is high. Consumption driving and demand expansion have increased compared with the first half of the year. Third, the channel inventory is low, and the channel order management of famous wine companies has been further improved.
Airport shipping, coal, biological products, and medical equipment rose in a few sectors.
The agricultural sector led the decline, with Quanyin Hi-Tech, Shennong Technology, and Denghai Seed Industry leading the decline; logistics, new materials, environmental protection, military industry, automotive, non-ferrous metals, real estate, aquaculture, home appliances and other sectors fell more than 1% overall.
In terms of individual stocks, 1101 stocks rose, of which 108 stocks such as ST Kangmei, Shanghai Machinery CNC, Huicheng Environmental Protection, etc. rose by more than 5%; 2743 stocks fell, of which 150 stocks such as Jinghua New Materials, Xinqianglian, and Jinmo Technology The decline was more than 5%.
"Demon stocks" Tianshan Biology once again reached its daily limit in late trading, quoting 20.73 yuan to hit a record high. Prior to this, the stock had continued its daily limit for 8 consecutive trading days.
On the evening of the 2nd, Tianshan Biological issued an announcement to remind risks, saying that the company's current price-earnings ratio is significantly higher than the average level of the same industry, the fundamentals have not changed significantly, and the current stock price lacks performance support.
In terms of turnover rate, there are 79 stocks with a turnover rate of more than 20%. Among them, the turnover rate of N Allied is the highest, reaching 72.99%.
From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds is 883 million yuan, of which the net inflow of Shanghai Stock Connect is 1.795 billion yuan, the balance of funds on the day is 50.205 billion yuan, and the net outflow of Shenzhen Stock Connect is 912 million yuan. The balance was 52.912 billion yuan; the net inflow of southbound funds was 3.02 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 962 million yuan, the day’s fund balance was 41.038 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 2.04 billion yuan, and the day’s fund balance was 39.96 billion yuan.
Industrial Securities said that the A-share market has entered a sideways consolidation phase from the unilateral rapid rise in the previous period.
In the medium and long term, the gradual upward trend of the stock index center will continue. Investors can choose the “core assets” of various industries that can continue to grow steadily based on the semi-annual report.
Qin Bo, a strategist at Everbright Securities, believes that although the market is volatile and consolidating in the short term, it still has the upward conditions supported by the recovery of earnings.
The economy is still in the path of recovery, and the cumulative effect of the loose policy in the first half of the year will continue to be reflected; the monetary policy does not have the conditions for excessive tightening; external risk factors have not had a real impact on economic growth and overall corporate profits, and the long-term impact is limited.
Bank of China Securities pointed out that the trend of fundamental restoration continues, liquidity has not yet faced an inflection point, and the market will still be in an environment dominated by performance factors.
The fundamental improvement trend continued in the second quarter, and domestic and external demand is expected to continue to improve; the market liquidity environment remains reasonable and abundant, and the market risk appetite fluctuates. However, the trend of rising market profits and incremental capital entering the market is still expected. The structural market in September is expected.
(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.)