Chinanews client, Beijing, September 11 (Reporter Xie Yiguan) On September 11, A shares swept away from the previous downturn. The three major stock indexes fluctuated upward, and the ChiNext index returned to 2500 points.
As of the close, the Shanghai Composite Index rose 0.79% to 3260.35 points; the Shenzhen Component Index rose 1.57% to 12,942.95 points; the ChiNext Index rose 2.16% to 2536.62 points.
A total of 2,957 shares in Shanghai and Shenzhen stock markets rose, 53 shares rose by the limit; 865 shares fell, and 11 shares fell by the limit.
The Shanghai index daily chart.
The net inflow of northbound funds continued, with a net inflow of 1.291 billion yuan throughout the day; however, the full-day turnover of the two cities was 684.54 billion yuan, which was significantly less than the previous trading day.
On the disk, the semiconductor sector, which had led the decline before, rose by more than 4%, and sectors such as electrical equipment, components, general machinery, culture, education and leisure also rose at the top. However, the performance of coal, transportation facilities, banking, real estate and other sectors was sluggish; concept sectors On the other hand, polysilicon rose more than 7% to lead the market, and agricultural-related sectors such as artificial meat, seed industry, and pork weakened.
On the 11th, the registration system of new shares rose collectively in the afternoon.
Among them, the daily limit of Kabe billion, Jinchun shares, Eurofins, etc. rose by more than 10%, and Longlide, Haichang New Materials, and Wansheng Intelligent, which were just listed on the 10th, triggered a temporary suspension of trading today due to severe fluctuations.
"Global liquidity is loose, China's recovery trend is dominant, and the attractiveness of A-share allocation is still not undermined." Anxin strategy believes that domestic liquidity margins are fine-tuned but the future tightening space is limited, and some recent fundamental trends remain unchanged. Leading valuations have also undergone a certain degree of adjustment. In the future, there is no basis for sustained substantial contraction of valuations. The core logic of the market will return to profit growth.
According to Zhang Qiyao, chief strategy analyst at Guosheng Securities, the recent continuous market adjustments are basically still the adjustment and digestion of the previous market, especially the huge rise of institutional stocks represented by technology and consumption.
Looking forward to the follow-up, the adjustment of institutional stocks is nearing completion, and there is no systemic risk in the current market. It is recommended to maintain long-term thinking and strategic determination, and use adjustment opportunities to allocate high-quality assets.
“Recent factors such as U.S. stocks and the external environment have intensified market volatility, and short-term A-shares will continue the downward revision of risk appetite and increased volatility. At present, the early-stage strong group and high-valuation sectors represented by medicines, food and beverages have shown collapse Signs. The pro-cyclical industries are becoming more allocation advantages due to the determined upward trend of the economy, low valuations, safety margins, and low institutional holdings." Huaan Securities pointed out.
(Finish)