Sino-Singapore Jingwei Client, October 20. On Tuesday, the A-share market rose collectively in the afternoon, and the three major indexes all turned red. The Shanghai Stock Exchange Index lost 3,300 points and the GEM Index rose nearly 2%.

On the disk, liquor, automobiles and other sectors ranked among the top gainers, while banking, agriculture, and coal sectors ranked among the top decliners.

　　Source: Wind

　　As of the close, the Shanghai Index reported 3328.10 points, an increase of 0.47%, with a turnover of 227.823 billion yuan; the Shenzhen Component Index reported 13,603.88 points, an increase of 1.36%, with a turnover of 439.564 billion yuan; the ChiNext Index reported 2740.58 points, an increase of 1.89%.

　　Most industry sectors rose, with winemaking, mineral products, electrical appliances, food and beverages, and automobiles leading the rise; banking, shipping, coal, insurance, and gas and heating fell among the largest declines.

　　The brewing sector led the gains, rising by more than 3%. Among them, Huiquan Beer, Jinhui Wine and ST were willing to daily limit, Kouzijiao rose by more than 6%, Yanjing Beer and Jinshiyuan rose by more than 5%, and Kweichow Moutai rose by 2.06%.

　　The banking sector weakened, down 0.77%, Industrial Bank, Bank of Hangzhou, Bank of Qingdao, and Ping An Bank bucked the trend and went red. Bank of Chengdu fell by 3.17%, China Construction Bank fell by more than 2%, and China CITIC Bank, Qingnong Bank and Bank of Xi’an fell.

　　The concept sector also rose more and fell less, with the fluorine concept, byte beat, smart home, RCS concept, and autonomous driving leading the rise; seed industry, GDR-containing, disperse dyes, special steel, and gold concepts fell more.

　　The concept of Byte Beat rose 2.45%, and individual stocks set a daily limit wave, with more than ten daily limits such as Insai Group, Lianchuang shares, and Yinxin Technology.

　　On the whole, a total of 2805 stocks in the two cities rose, of which Jinshiyuan, Lanhai Huateng, Pengling shares and other stocks rose by more than 5%.

1020 stocks fell, of which several stocks such as Dawei, Chinese Academy of Sciences and Blum Oriental fell by more than 5%.

　　In terms of turnover rate, a total of 75 stocks have a turnover rate of more than 20%. Among them, C Panda has the highest turnover rate of 86.64%.

　　The research report of Yuekai Securities believes that the economy continued to recover in the third quarter, the continued release of subsequent consumption potential and the marginal improvement of the service industry are expected to become an important support for the further recovery of the economy.

In terms of configuration, on the one hand, it pays attention to the balanced configuration of cycle and growth; on the other hand, it can pay attention to the window opportunities of the three quarterly reports and the hot topics of "Double Eleven".

　　According to the analysis of China Merchants Securities, as the logic of economic recovery continues to strengthen, recent discussions on market style have once again become the focus of market attention.

From a historical point of view, the style differentiation in the fourth quarter was significantly stronger than that of the first three quarters. The low-valuation sectors related to the economic cycle, such as finance, cycle, and optional consumption, may be relatively dominant.

In the medium term, the market will gradually interpret the logic of "from liquidity driven to economic fundamentals driven". Looking back to the first quarter of next year, valuation and cost performance will once again become an important factor in market considerations.

(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.)