Sino-Singapore Jingwei Client, September 22nd, on the 22nd, the three major A-share stock indexes collectively opened lower.

The Shanghai Composite Index opened lower by 3,290.67 points, a decrease of 0.79%; the Shenzhen Component Index reported 1,052.08 points, a decrease of 0.74%; the ChiNext Index reported 2,565.46 points, a decrease of 0.5%; the Shanghai Stock Exchange 50 Index 3,285.77 points, a decrease of 0.78%; the CSI 300 reported 4,654.22 points, a decrease 0.79%.

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  On the disk, tourism comprehensive, medical equipment and other sectors led the gains; gold, agribusiness, marketing communications, aviation equipment, forestry and other sectors led the decline.

In terms of concept stocks, yesterday's daily limit, smart speakers, and ventilators were among the top gainers, and capital leaders, diamonds, nickel, gold, and iQiyi concepts were among the top decliners.

  In terms of individual stocks, 292 stocks rose, among which Bohui Innovation, Haoyue Care, ST Jiajia and other stocks rose more than 5%.

3495 stocks fell, of which Cologne, Jingchen, Xilin Power and other stocks fell by more than 5%.

  As of the previous trading day, the Shanghai Stock Exchange’s financing balance was reported at 730.727 billion yuan, an increase of 697 million from the previous trading day, and the securities lending balance was reported at 53.933 billion yuan, an increase of 2.964 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 687.29 billion yuan. , An increase of 1.76 billion yuan from the previous trading day, and the securities lending balance reported 28.663 billion yuan, an increase of 314 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 1500.612 billion yuan, an increase of 5.734 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 530 million yuan, of which the net inflow of Shanghai Stock Connect is 238 million yuan, the balance of funds on the day is 51.762 billion yuan, and the net inflow of Shenzhen Stock Connect is 292 million yuan. The balance was 51.708 billion yuan; the net inflow of southbound funds was 1.558 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.334 billion yuan, the day’s fund balance was 40.666 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 224 million yuan, and the day’s fund balance was 41.776 billion yuan.

  Tianfeng Securities pointed out that in September, the global stock market was adjusted simultaneously. The domestic adjustment was mainly due to the high valuation of core assets + three quarterly reports exceeded expectations. The sector decreased, the economy and expectations gradually improved, the liquidity margin was not looser, and the M1M2 scissors gap Narrowing, the marginal liquidity in the equity market tends to flow back into the real economy, and the high valuation sector is under overall pressure. Secondly, overseas, due to the second recurrence of the epidemic and the approaching U.S. election, risk aversion has increased rapidly. This reduces the downside risks of major global assets including equity assets.

Superimposed on domestic and foreign uncertainties, as well as the trend of gradual recovery of the domestic economy, the procyclical sector with low valuation and month-on-month improvement is expected to run out of relative gains.

(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.)