Chinanews client, Beijing, November 9th (Reporter Xie Yiguan) Hi!
Hi!
On the 9th, the momentum of the A-shares was like a rainbow. The three major stock indexes opened higher and higher. The "stock market", "funds" and "semiconductors" took turns on top of the hot search, and 170 million stockholders were excited again!
As of the close, the Shanghai Composite Index rose 1.86% to 3373.73 points; the Shenzhen Component Index rose 2.19% to 14141.15 points, regaining 14,000 points; the ChiNext Index rose 2.96% to 2814.00 points, returning to 2,800 points.
The stocks in the two cities are now generally up, with a total of 3555 shares rising, 70 shares rising limit; 430 shares falling, 3 shares falling limit.
Shanghai index daily chart.
Stimulated by the sharp rise in the market, following a net inflow of 21.416 billion yuan last week, northbound funds continued to "buy, buy, and buy", with a net inflow of 19.698 billion yuan throughout the day on the 9th, setting a new high for the year.
Among them, the net inflow of Shanghai Stock Connect was 8.083 billion yuan, and that of Shenzhen Stock Connect was 11.615 billion yuan.
The trading enthusiasm of investors was once again ignited, and the trading volume of the two cities broke through one trillion yuan again after two months, which was a substantial increase from the previous trading day.
On the disk, the semiconductor sector exploded, rising more than 7%, and 8 stocks including Jiejie Microelectronics, VeriSilicon, and Xipeng Micro had their daily limit.
In addition, sectors such as transportation services, transportation facilities, securities, and communications equipment showed higher gains; in terms of conceptual sectors, gallium nitride, photolithography, chips and other sectors performed well.
According to Huaan Securities, there are four main reasons for the A-share surge on the 9th. First, the latest news of the US general election boosted market sentiment, and the new round of US fiscal stimulus plan is expected to accelerate; second, the technology industry is sensitive to the US general election. Moreover, the semiconductor sector was the first to benefit under the stimulus of the "14th Five-Year Plan"; third, China's export data remained strong, and ports and shipping took the lead to benefit; fourth, the pressure on funds was reduced, and the A-share market was clearly picking up.
"The dust in the US election is basically settled, short-term disturbances are eliminated, and the market returns to fundamental logic." Industrial Securities said that China's economy has continued to accelerate its recovery, evolving from partial inventory replenishment to full inventory replenishment, and from investment, manufacturing, and essential products after the epidemic. The recovery of consumption has transformed into service-oriented and high-end consumption.
At the same time, although overseas countries are short-term affected by the recurrence of the epidemic, the slope of economic recovery has declined, but the general trend of recovery has not changed.
"Grasp the trading layout period, follow the main line of economic recovery, and look for the main logical chain of investment in 2021. In the medium and long term, technology and consumption are the main lines of the'double cycle', '14th Five-Year Plan' and medium and long-term planning." Industrial Securities pointed out .
"Looking forward, we believe that we should focus on profitability and take advantage of the trend." According to Chen Xianshun, chief analyst of Guotai Junan Securities' strategy, first, the domestic economic recovery is advancing in depth and the profitability of listed companies at the micro level has improved.
Second, the external risks have basically landed, and market risk appetite will rise from the bottom up.
Third, after the easing policy and liquidity expectations shift, the next stage of earnings improvement beyond expectations and the continuity of the earnings boom will become the focus of investment strategies.
However, Bohai Securities believes that after the eventual expectations are gradually clarified, the A-share market has reached an important juncture of direction selection.
Although short-term preference and issuance pressure are conducive to the development of the market, the performance is still good in the short-term and the liquidity is tightening. How to break through the non-cheap valuation of A shares is the current main test, even if there is The expected level of promotion brought by external events, the index is more likely to be a small change in the center, shocks and structural market characteristics, or difficult to change substantially.
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