Sino-Singapore Jingwei Client, January 12th. On the 12th, the three major stock indexes opened lower. The Shanghai Composite Index fell 0.38%, the Shenzhen Component Index fell 0.41%, and the ChiNext Index fell 0.42%.
On the disk, the building materials, optics and optoelectronics, decoration, glass manufacturing, shipping and other sectors led the gains; rare metals, automobiles, industrial metals, mining and other sectors led the decline.
Wind screenshot
In terms of individual stocks, 1123 stocks rose, among which several stocks such as Kehua Bio, Yongchuang Intelligent, and Oriental Yuhong rose more than 5%.
2190 stocks fell, of which ST Ruide, Jida Zhengyuan, Xinzhoubang and other stocks fell more than 5%.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 793.379 billion yuan, an increase of 608 million yuan from the previous trading day, and the securities lending balance was at 89.464 billion yuan, a decrease of 398 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 735.477 billion yuan. , An increase of 1.868 billion yuan from the previous trading day, and the securities lending balance reported 55.322 billion yuan, a decrease of 1.035 billion yuan from the previous trading day.
The balance of margin trading and securities lending in the two cities totaled 1,673.643 billion yuan, an increase of 1.043 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 273 million yuan, of which the net inflow of Shanghai Stock Connect is 92 million yuan, the balance of funds on the day is 51.908 billion yuan, and the net inflow of Shenzhen Stock Connect is 181 million yuan. The balance was 51.819 billion yuan; the net inflow of southbound funds was 10.607 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 10.268 billion yuan, the day’s fund balance was 31.732 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 339 million yuan, and the day’s fund balance was 41.661 billion yuan.
Yan Xiang, chief strategy analyst at Guosen Securities, pointed out that the current A-share market presents a certain "group" feature, that is, the investment scope of institutional investors is concentrated in a relatively small number of core companies, and the concentration of holdings has become more concentrated.
From the perspective of the distribution of industry sectors, based on the total market value of Shigekura's holdings, the current A-shares of Shigekura of public funds are mainly concentrated in the food and beverage, pharmaceutical and biological, electronics, and electrical equipment industries.
In his view, looking forward to the A-share market, "Baotuan" has always existed to some extent, and "Baotuan" itself is not a sufficient condition for future changes in stock prices.
There are two key changes in logic. First, if there is a purely PPI-level price increase, the nominal economic recovery is more important at this time, and the market does not have much systemic risk. When the PPI sees a high point in April and May , The distribution of profit growth of all A shares may undergo huge changes, and the market may spread or the sector may rotate.
The other is that if inflation at the CPI level occurs in the future, it may trigger a full-scale tightening of monetary policy. After the third quarter, if the profit cycle starts to go down again, then there will be a situation at the end of the "beautiful 50".
Minsheng Securities believes that from the perspective of recent trading days, there have been many corrections in the previous hot sectors, which have been greatly affected by the recent institutional "grouping" controversy, and the profitability of the market is affected by emotions and the profit settlement has caused the market to fluctuate.
Looking at the market outlook, I don’t think that the group will end immediately. You need to wait for performance verification and business conditions to make judgments; the future market will still have structural risks and opportunities coexisting. The overall trend is to reduce positions as the main line, layout hotspot sector leaders and low valuations. See the floor block for prosperity, such as communications, computers, etc.
(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.)