Sino-Singapore Jingwei Client, September 18th, in the early trading of the 18th, the Shanghai Stock Index opened slightly higher and then oscillated, reaching 3,300 points; the GEM index dropped during the session with the deepest drop of 0.75%.

　　As of the noon close, the Shanghai Index reported 3289.02 points, an increase of 0.57%, with a turnover of 153.246 billion yuan; the Shenzhen Component Index reported 13069.21 points, an increase of 0.42%, with a turnover of 262.951 billion yuan; the Growth Enterprise Market Index reported 256.77 points, an increase of 0.13%; the SSE 50 Index It reported 3290.19 points, an increase of 0.78%.

　　Source of the Shanghai Index in early trading: Wind

　　On the disk, the scenic spots and tourism sectors led the two cities, with Western Region Tourism and Tempus International rising by more than 8%; coal, chemical new materials, military industry, real estate, port shipping and other sectors as a whole rose by more than 1%.

　　Shenzhen's state-owned reform concept stocks strengthened, and the Academy of Construction Sciences approached the 20% daily limit. Shahe shares, Shenzhen Property A, Yantian Port daily limit, Shenzhen Zhenye A, Shenzhen SEG, Tianjian Group, Shenzhen Textile A and so on followed the rise.

Xinjiang local stocks continued to rise, Xiling Information soared more than 16%, Xuefeng Technology's daily limit, Xinjiang Communications Construction closed the board, Xinjiang Zhonghe rose more than 9%, Western Animal Husbandry, Leon Technology, etc. rose more than 8%.

　　In terms of individual stocks, 2159 stocks rose, among which many stocks such as Palmyue Technology, Caesars Tourism, Gigabit and other stocks rose by more than 5%; 1609 stocks fell, of which Tiehan Eco, Mitutoyo Smart, Cixing shares and other stocks fell The amplitude exceeds 5%.

　　In terms of turnover rate, a total of 36 stocks have a turnover rate of more than 20%, of which N Yirui has the highest turnover rate, reaching 50.01%.

In terms of capital flow, the top five major inflows of industry sectors are real estate development, banking II, insurance, optical optoelectronics, and securities firms, and the top five outflows are real estate development, optical optoelectronics, power equipment, bank II, and securities firms.

　　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 funds is 2.69 billion yuan, of which the net inflow of Shanghai Stock Connect is 2.381 billion yuan, the balance of funds on the day is 49.619 billion yuan, and the net inflow of Shenzhen Stock Connect is 310 million yuan. The balance was 51.69 billion yuan; the net inflow of southbound funds was 1.151 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 342 million yuan, the fund balance on the day was 41.658 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 809 million yuan, and the fund balance on the day was 41.191 billion yuan.

　　Guotai Junan believes that the core driving force of the bull market from June to July this year-the decline in risk-free interest rates has come to an end, and in the future, with the landing of external factors and the increase in certainty of subsequent economic growth, risk appetite will be slow (rather than rapid) Rising, the profit recovery is beyond expectations and has not appeared, so it cannot constitute the second wave of the bull market.

On the contrary, a slow rise in risk appetite will trigger a gradual increase in the subsequent market shock range.

It is expected that the sideways volatility will continue until about mid-to-late October, and it will also be the key node of the A-share market change in the second half of this year.

(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.)