The Shanghai stock index rose by 2% in heavy volume
Sino-Singapore Jingwei Client, September 18th. On Friday (18th), the three major A-share indexes maintained their volatility in the early trading, and made an upside in the afternoon. The Shanghai Composite Index rose by 2% at 3,300 points in one fell swoop, and the Shenzhen Component Index rose nearly 1.8%, the ChiNext index rose more than 1.5%.
The Shenzhen and Xinjiang sectors were strong throughout the day, with topics such as military industry, fuel cell, tax exemption, and digital currency rising at midday.
Funds poured into the main board in the afternoon, major financial sectors such as brokerages and insurance broke out across the board, and cyclical sectors such as coal and non-ferrous metals also strengthened sharply.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Wind
As of the close, the Shanghai Index rose 2.07% to 3338.09 points, with a turnover of 337 billion yuan, a cumulative increase of 2.38% this week; the Shenzhen Component Index rose 1.77% to 13245.09 points, with a turnover of 498.7 billion yuan, a cumulative increase of 2.33% this week; The board index rose 1.52% to 2596.08 points, with a turnover of 244.9 billion yuan, a cumulative increase of 2.34% this week.
In addition, the Science and Technology 50 Index rose 1.47% to 1403.90 points, with a turnover of 30.2 billion yuan, a cumulative increase of 6.96% this week.
On the disk, the industry sector generally rose, the big financial sector performed strongly, and the insurance sector led the gains. Xishui, China Life, Xinhua Insurance's daily limit, China Pacific Insurance, China People's Insurance, etc. have followed the rise; securities and banking stocks went red across the board.
The tourism, coal, aviation, real estate, building materials, food and beverage, hotel and catering sectors have the largest gains, while the electrical and instrumentation, semiconductor, environmental protection, automotive, and petroleum sectors have seen smaller gains.
In terms of concept stocks, the scarce resources, Guangdong, Hong Kong and Macao, Internet finance, digital currency, gaming concepts, superconducting concepts, biological vaccines, Ali concepts, satellite navigation and other sectors were active.
In terms of individual stocks, 3134 individual stocks rose, of which Jiangsu Xinneng, Open Coal Industry, Industrial Securities and other stocks rose more than 5%.
768 stocks fell, among which many stocks such as Hymson, Zhangzidao, Yinbang shares fell more than 5%.
In terms of turnover rate, there are a total of 70 stocks with a turnover rate of more than 20%, of which N Yirui has the highest turnover rate, reaching 74.06%.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 730.029 billion yuan, an increase of 1.59 billion yuan from the previous trading day. The securities lending balance was reported at 50.97 billion yuan, an increase of 760 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 685.53 billion yuan. , An increase of 701 million yuan from the previous trading day, and the securities lending balance reported 28.349 billion yuan, an increase of 609 million yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,494.878 billion yuan, an increase of 3.66 billion yuan from the previous trading day.
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 12.2 billion yuan, of which the net inflow of Shanghai Stock Connect is 7.379 billion yuan, the balance of funds on the day is 44.621 billion yuan, and the net inflow of Shenzhen Stock Connect is 4.821 billion yuan. The balance was 47.179 billion yuan; the net inflow of southbound funds was 2.951 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.255 billion yuan, the day’s fund balance was 40.745 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.696 billion yuan, and the day’s fund balance was 40.304 billion yuan.
Shanxi Securities pointed out that the impact of the early rapid decline on the sentiment of the A-share market will be repaired over a period of time.
During the year, the economy will be based on the economic recovery driven by the three major demands, and with the steady and loose monetary policy, there is a high probability of achieving positive growth throughout the year.
Under the dual positive effects of a strong economic recovery and relatively abundant liquidity, the index has limited further downward space.
Wanlian Securities believes that under the recent loosening of public funds and other institutions, high valuation sectors such as food and beverages, which have historically high valuations, have undergone shock adjustments, and low valuation procyclical sectors have gained favor.
With the overall recovery of the economy, the PPI has continued to improve from the previous month, and the core CPI has turned positive growth. Under the demand for replenishment, the probability of stocks with low valuation cycles rising is higher.
The optional consumer sector that has been hit by the epidemic in the early stage may benefit from the rebound in consumption reflected by the positive growth of the society. Some sectors with low valuations may usher in a rebound.
(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.)