Sino-Singapore Jingwei Client, September 16th. In the early trading of the 16th, the Shanghai Stock Index opened lower and then oscillated, and it rose slightly during the session; the GEM index opened higher and fell more than 1%.

　　GEM refers to the early trading trend Source: Wind

　　As of the noon close, the Shanghai Index reported 3287.93 points, a decrease of 0.24%, with a turnover of 149.734 billion yuan; the Shenzhen Component Index reported 13029.33 points, a decrease of 0.87%, with a turnover of 275.917 billion yuan; the Growth Enterprise Market Index reported 255.94 points, a decrease of 1.47%; the Shanghai 50 Index It reported 3307.05 points, a decrease of 0.32%.

　　On the disk, a few sectors such as airport shipping, automobiles, steel, paper, and coal rose; banks and brokerages rose during the session, led by Guolian Securities' gains of nearly 4%.

The third-generation semiconductor concept stocks bucked the market and rose, with Roshow Technology's daily limit, Yishite, Jucan Optoelectronics, etc. following the rise; the registration system for new stocks was active, and Eurofins and Sidley Xintai's 20% daily limit.

　　The bio-vaccine sector had the largest decline. Changchun Hi-tech fell more than 7%. Kanghua Bio, Tobao Bio, Fosun Pharma, and Saisheng Pharmaceuticals all weakened; military, computer, medical equipment, communication services, environmental protection, home appliances and other sectors All fell more than 1%.

　　In terms of individual stocks, 988 stocks rose, of which ST Zhongan, Xinri, Weikang Pharmaceutical and other stocks rose by more than 5%; 2811 stocks fell, of which ST Kangmei, Qianyuan Pharmaceutical, Xinyan shares and other stocks The decline was more than 5%.

　　In terms of turnover rate, a total of 38 stocks have a turnover rate of more than 20%. Among them, N Huaye has the highest turnover rate, reaching 66.87%.

　　In terms of capital flow, the top five industries that have flowed into the top five are real estate development, power equipment, brokerage, bank II, and optical optoelectronics. The top five outflows are securities firms, real estate development, power equipment, optical optoelectronics, and chemical raw materials.

The top five stocks with major inflows are Junzheng Group, HNA Foundation, First Venture, BOE A, HNA Holdings, and the top five stocks with outflows are Junzheng Group, BOE A, BYD, HNA Foundation, and ST Kangmei.

The top five conceptual themes in 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. , Shenzhen Stock Connect, Shanghai Stock Connect.

　　From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound funds is 752 million yuan, of which the net inflow of Shanghai Stock Connect is 1.639 billion yuan, the balance of funds on the day is 50.361 billion yuan, and the net outflow of Shenzhen Stock Connect is 2.391 billion yuan. The balance was 54.391 billion yuan; the net inflow of southbound funds was 1.821 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 757 million yuan, the fund balance on the day was 41.243 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.064 billion yuan, and the fund balance on the day was 40.936 billion yuan.

　　CITIC Securities stated that short-term risks have been fully released, and capital behavior will gradually return to normal from disorder and focus on cohesion, driving incremental capital to enter the market; domestic macroeconomic fundamentals are expected to be repaired, and A-shares will start a cycle that lasts for several months. Slow rise in the medium term.

　　Operationally, Yuekai Securities said that short-term investors can pay attention to low valuations and procyclical sectors, such as cyclical industries and financial sectors that replenish inventory.

On the one hand, banks, insurance companies, and brokerage companies have low valuations and have opportunities to make up for them. On the other hand, they have performance support.

In the long run, the two main lines of technology and finance are optimistic.

　　CITIC Securities proposes to continue to focus on pro-cyclical and highly resilient products, including three main lines: cyclical sectors benefiting from weak U.S. dollar, commodity/energy prices and expected recovery of the global economy; optional consumer products benefiting from economic recovery and consumption recovery; absolute Financial sectors that have low valuations and have relatively fully digested negative factors, as well as leading technology stocks that have been basically adjusted in place.

(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.)