Sino-Singapore Jingwei Client, September 10th, on the 10th, the Shanghai and Shenzhen stock markets both opened higher, and the consumer sector rebounded collectively. The Shanghai stock index rose by nearly 1% at one time, and the gains subsequently narrowed significantly.
The two markets remained weak and volatile in the afternoon. The ChiNext index was dragged down by the plunge of low-priced stocks, and individual stocks fell more and rose less.
As of the close, the Shanghai Index reported 3234.82 points, a decrease of 0.61%, with a turnover of 309.677 billion yuan; the Shenzhen Component Index reported 12742.85 points, a decrease of 0.92%, with a turnover of 563.505 billion yuan; the Growth Enterprise Market Index reported 2483.03 points, a decrease of 1.6%.
Wind screenshot
On the board, tourism integration, beverage manufacturing, gold, other transportation equipment, plantation and other sectors led the gains; garden engineering, agricultural integration, instrumentation, aerospace equipment, environmental protection engineering and services sectors led the decline.
In terms of concept stocks, cosmetics, liquor, insurance, duty-free shop concepts, tourism, etc. top the gains, and capital leaders, diamonds, GEM restructuring and loosening, iQiyi concept, and GEM resources are among the top decliners.
In terms of individual stocks, 499 stocks rose, among which 50 stocks such as World Union Bank, ST Kangmei and ST Changjiu rose more than 5%.
3436 stocks fell, of which 150 stocks such as Anjubao, Diweixun, and Smart Power fell more than 5%.
In terms of turnover rate, a total of 68 stocks have a turnover rate of more than 20%. Among them, N Dragon has the highest turnover rate, reaching 73.08%.
In terms of capital flow, the top five major flows of industry sectors are brokers, real estate development, optical optoelectronics, bank II, power equipment, and the top five outflows are brokers, real estate development, optical optoelectronics, bank II, and power equipment.
The top five stocks with major inflows are BOE A, TCL Technology, Roshow Technology, Zijin Mining, and Ingenic Group, and the top five stocks that outflow are BOE A, Roshow Technology, TCL Technology, Ingenic Group, Baotou Steel Shares.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 733.691 billion yuan, a decrease of 2.406 billion yuan from the previous trading day. The securities lending balance was reported at 46.125 billion yuan, a decrease of 932 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 691.747 billion yuan. , A decrease of 1.808 billion yuan from the previous trading day, and the securities lending balance reported 25.646 billion yuan, a decrease of 448 million yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,497.209 billion yuan, a decrease of 5.594 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 2.881 billion yuan, of which the net outflow of Shanghai Stock Connect is 44 million yuan, the balance of funds on the day is 52.04 billion yuan, and the net inflow of Shenzhen Stock Connect is 2.925 billion yuan. The balance was 49.075 billion yuan; the net inflow of southbound funds was 2.24 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.054 billion yuan, the day’s fund balance was 40.946 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.186 billion yuan, and the day’s fund balance was 40.814 billion yuan.
Guosen Securities analyzed that from the recent market performance, the consumer, medical, technology and other industries whose stock prices have been rising before are also the three sectors that have adjusted the most during this round of decline, while the strong cyclical properties of the previous stagflation are relatively resistant. The valuation difference between the sectors is beginning to converge.
Guosen Securities believes that in the future, after the liquidity marginal inflection point appears, if the market will continue to rise, the main line of the market may be cut from the perspective of profit recovery. It is recommended to avoid varieties that have no fundamental changes but whose stock prices have risen sharply. , We can focus on the early stagflation and the current fundamentals are recovering some low-value varieties.
Kaiyuan Securities pointed out that in the current market adjustments, “core assets” with higher foreign returns in the real interest rate down cycle are appropriately avoided, and the focus is on low valuation + procyclical: real estate, banks, coal, and construction; the follow-up market does not need to be pessimistic, but Be prepared for the counterattack, and lay out the synergies for the economic recovery of internal and external transactions: building materials, chemicals and construction machinery.
(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.)