Sino-Singapore Jingwei Client, January 4th. On Monday, the first trading day of A-shares in the New Year started off, and the three major indexes collectively opened higher.
The Shanghai stock index rose after a short dip, reaching 3,500 points at midday, the first time in nearly three years; the Shenzhen Component Index and the ChiNext Index rose volatically, and the ChiNext Index rose more than 3%.
Agricultural stocks lifted their daily limit, and Tesla Concept and military stocks soared.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Wind
As of midday's close, the Shanghai Index rose 0.91% to 3504.57 points, with a turnover of 325.5 billion yuan; the Shenzhen Component Index rose 2.30% to 14,804.01 points, with a turnover of 391.8 billion yuan; the ChiNext Index rose 3.67% to 3,075.21 points, with a turnover 137 billion yuan.
On the disk, the agricultural sector led the gains, Lihua shares rose nearly 13%, Jinxinnong, Xiangjia shares, Muyuan shares, and Tianbang shares.
Many stocks such as Zhengbang Technology, Tangrenshen, Xinwufeng and other stocks rose by the limit, and stocks such as Dahu and Hefeng Animal Husbandry followed the rise.
The electric power grid, precious metals, aerospace and military industry, and shipping sectors were active.
In addition, the telecommunications sector led the decline, China Unicom fell by more than 3%, and Dr. Peng and Huichang Communications fell slightly.
The real estate, banking, insurance, petrochemical and other sectors are generally in a downturn, and real estate stocks are trending differently. Banking and insurance stocks generally fell.
In terms of individual stocks, CATL surged nearly 13% to close at 395.99 yuan per share, a record high; Kweichow Moutai hit a historical high in intraday trading, breaking through the 2,000 yuan mark at one time, and closed slightly at midday to 1996.91 yuan per share.
In addition, ST King Kong’s one-word limit dropped at 4.38 yuan per share, and the company was suspected of major financial fraud, and there was a risk of forced delisting; Beijing Culture’s one-character limit dropped at 5.28 yuan per share, and the company was filed for investigation on suspicion of letter-disclosure violations.
New Era Securities stated that since mid-July 2020, the long and short forces in the stock market have been very balanced. The main buying force is newly issued public and private equity funds, and the main selling force is the reduction of holdings by major shareholders, IPO and refinancing, and some unaffordable forces. Trading investors who live in shocks.
Regarding the market outlook, New Era Securities believes that after the shock, the market will soon usher in new incremental funds, and the probability of the index breaking upward will increase greatly.
During the shock period, the main force to maintain the market's heat is the economy exceeding expectations. This force may have to wait for the annual report to be disclosed nearby.
The main driving force of the short-term market will gradually become incremental funds, and the market may have a general rise.
CITIC Securities pointed out that the first phase of the “trilogy” of slow growth, the “rotational slow growth period”, will enter the second half in January. Local speculative grouping will collapse, and the performance forecast will drive the differentiation of grouping varieties. The A-share market will remain in January. There is room for upside.
In terms of configuration, it is recommended to switch to cost-effective products, including the following two main lines: On the one hand, the "pro-cyclical" main line is booming, and relatively stagnant varieties are worth paying attention to, including non-ferrous metals, home appliances, home appliances, tourism, hotels, etc.; On the one hand, we will continue to focus on the "five security" strategies of science and technology, national defense, food, energy, and resources, with a clear long-term logic and cost-effective varieties with long-term strategic space, including military industry, semiconductors, consumer electronics, planting chains and seeds.
(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.)