A-shares opened higher: the Shanghai stock index rose 0.48%, and the semiconductor sector was active

　　Sino-Singapore Jingwei Client, September 14 (Monday), A-shares opened higher, Shanghai Index rose 0.48%, Science and Technology 50 Index rose 1.71%, Shenzhen Component Index rose 0.63%, and ChiNext Index rose 1.24%.

　　Shanghai and Shenzhen stock market opening performance source: Wind

　　On the disk, the papermaking, medical equipment, semiconductors, optical and optoelectronics, and automotive sectors led the rise; concept stocks such as HIT batteries, genetic modification, third-generation semiconductors, and cloud gaming were active.

A few sectors such as aquaculture, trade, banking, etc. are green.

　　In terms of individual stocks, 2632 individual stocks rose, among which ST Xinhai, ST Kangmei, Golden Sun and other stocks rose more than 5%.

689 stocks fell, of which C Long Lide, C Haichang, Huafeng Aluminum and other stocks fell more than 5%.

　　In terms of capital flow, the top five industries that flowed into the top five were other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding. The top five that flowed out were other transport equipment, cultural media, Internet media, marketing communications, Shipbuilding.

The top five stocks with major inflows are China General Nuclear Power, Xindazheng, Rima Industrial, Bojie, and Overseas Bank Environmental Protection. The top five stocks with outflows are China General Nuclear Power, Xindazheng, Rima Industrial, and Bojie. , Overseas Bank of China Environmental Protection.

The top five conceptual themes of the main inflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform. The top five conceptual themes that are outflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform.

　　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 capital is 45 million yuan, of which the net inflow of Shanghai Stock Connect is 13 million yuan, the balance of funds on the day is 51.987 billion yuan, and the net inflow of Shenzhen Stock Connect is 32 million yuan. The balance was 51.968 billion yuan; the net inflow of southbound funds was 1.238 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.133 billion yuan, the day's fund balance was 40.867 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 105 million yuan, and the day's fund balance was 41.895 billion yuan.

　　Last week (September 7-September 11), the A-share market continued its adjustment trend, and all major indexes fell. The ChiNext was affected by the fluctuation of low-priced stocks.

The Shanghai Composite Index fell 2.83%, the Shenzhen Component Index fell 5.23%, and the ChiNext Index fell 7.16%.

　　Looking ahead to the market, the analysis of China Securities Securities believes that under the current circumstances, A shares are still in a process of turbulence. After mid-to-late October, the traditional infrastructure and the new infrastructure of fiscal power will become the new main line of the market.

It is recommended that investors balance the allocation to cope with the current market turbulence and moderately over-distribute procyclical sectors such as building materials and construction.

　　Essence Securities pointed out that the A-share bull market has not ended, and the current stage is a period of shock consolidation in the bull market.

First of all, in the long run, with the support of the long-term logic of economic transformation and asset allocation, leading companies in various fields of A-shares are in the upward channel of the valuation center.

In the medium term, the three core logics of the "recovery bull" are: global liquidity is loose, China's recovery trend is dominant, and the attractiveness of A-share allocation is still not destroyed.

The domestic liquidity margin is fine-tuned but there is limited room for future tightening. The valuations of some industry leaders whose fundamentals have not changed recently have also undergone a certain degree of adjustment. There is no basis for sustained and substantial contraction in future valuations, and the core market logic will return to profit growth.

　　According to Yuekai Securities, the current market style has changed. From the initial consumption white horse blue chip stocks, the valuation has risen rapidly, and the impact of the decline in US stock technology stocks is superimposed. A-share consumer stocks began to adjust, and then technology stocks fell.

At present, the ChiNext index has fallen sharply, and the new regulations on the ChiNext registration system have enlarged the limit on the rise and fall, and increased the fluctuation space.

In the short term, there is a demand for stabilizing the index. At this stage, it is not advisable to blindly look at more. It is more likely to seek bottom support after the market is volatile.

　　Jufeng Investment Consulting believes that the market’s upward trend has not changed; institutions remain bullish in the adjustment process; the new direction may return to the fundamentals and growth track.

Therefore, the adjustment of the short-term market is an interval shock after the continuous rise. With the good logic unchanged, the market still has the basis for a shock upward movement.

In this process, mid-line investors can take advantage of the index band adjustment to buy low and increase their positions, while short-term investors adjust their positions appropriately to keep up with market trends.

(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.)