Sino-Singapore Jingwei Client, September 21, 21, the three major A-share stock indexes collectively opened slightly higher.
The Shanghai Stock Exchange Index opened higher by 3,348.90 points, an increase of 0.32%; the Shenzhen Component Index reported 1,3280.01 points, an increase of 0.26%; the ChiNext Index reported 2,605.55 points, an increase of 0.36%.
WIND screenshot
On the disk, securities firms, marketing communications, papermaking, diversified finance, power equipment and other sectors led the gains; metal products, food processing, gold, airports, plantation and other sectors led the decline.
In terms of concept stocks, securities firms, iQiyi concept, futures concept, unmanned banking, digital currency, etc. rose among the top, and capital leaders, food and beverage, cotton, 3D cameras, and genetically modified products fell among the top.
In terms of individual stocks, 1987 individual stocks rose, among which the number of stocks such as First Venture, Gaoweida, and Huaan Securities rose by more than 5%.
1289 stocks fell, of which C Huiyun, Yueda Investment, Sifangda and other stocks fell more than 5%.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 731.266 billion yuan, an increase of 1.237 billion yuan from the previous trading day, and the securities lending balance was at 53.389 billion yuan, an increase of 2.419 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 685.514 billion yuan. , A decrease of 16 million yuan from the previous trading day, and the securities lending balance reported 28.484 billion yuan, an increase of 135 million yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1.498.653 billion yuan, an increase of 3.775 billion yuan from the previous trading day.
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 capital is 280 million yuan, of which the net inflow of Shanghai Stock Connect is 123 million yuan, the balance of funds on the day is 51.877 billion yuan, and the net inflow of Shenzhen Stock Connect is 157 million yuan. The balance was 51.84 billion yuan; the net inflow of southbound funds was 1.233 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.115 billion yuan, the day’s fund balance was 40.885 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 118 million yuan, and the day’s fund balance was 41.882 billion yuan.
According to an analysis by China Merchants Securities, the National Day holiday is approaching, and some investors are worried about various uncertainties and are more inclined to "hold currency for the holidays." Especially since 2015, with the increasing scale of overseas capital allocation of A shares, the festival The characteristics of lightening and avoiding risks before and after the holiday are more obvious.
In the medium term, A shares are in a two-and-a-half-year upward cycle since January 2019. The market will gradually interpret the logic of "from liquidity driven to economic fundamentals driven". Looking forward to the second half of the year to the first quarter of next year, a procyclical Field performance has improved to varying degrees.
Valuation cost performance will once again become an important factor in market considerations.
Guojin Securities Research Report believes that inflationary pressures will not be seen in the short term, and it is difficult for monetary policy to be substantially tightened.
Prospects for the market rhythm in the fourth quarter: October is a better window to go long.
Before the inflection point of the relative fundamentals of the industry appears, the current valuation differentiation of the A-share market will continue for some time.
(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.)