On the last day before the China-Singapore Jingwei client on February 10, the Shanghai and Shenzhen stock markets opened higher and continued to rise. The Shanghai stock index rose to 3,640.69 points.
Liquor stocks opened strong, Kweichow Moutai once rose more than 5%, with the highest share price of 2589.99 yuan per share, a record high.
As of midday's close, the Shanghai Index reported 3,640.65 points, an increase of 1.03%, with a turnover of 235.717 billion yuan; the Shenzhen Component Index reported 15926.08 points, an increase of 1.89%, with a turnover of 289.183 billion yuan; the GEM index reported 3,406.21 points, an increase of 2.16%.
Wind screenshot
On the disk, the tourism integration, logistics, electronics manufacturing, livestock and poultry breeding, and beverage manufacturing sectors led the gains; the ground military equipment, aerospace equipment, banking II, shipping, and professional retail sectors led the decline.
In terms of individual stocks, 2470 individual stocks rose, among which many stocks such as Tianzhihang-U, Bethel, and Shuoshi Biotech gained more than 5%.
1444 stocks fell, among which Yibin Paper, ST Tiancheng, Sanquan Foods and other stocks fell more than 5%.
In terms of turnover rate, a total of 19 stocks had a turnover rate of more than 20%. Among them, the turnover rate of N aspect was the highest, reaching 61.0%.
In terms of capital flow, the top five major flows of industry sectors are beverage manufacturing, bank II, chemical products, rare metals, and electronics manufacturing. The top five major sources of capital flow are bank II, beverage manufacturing, chemicals, logistics, and rare metals.
The top five stocks with major inflows are Kweichow Moutai, Shanxi Fenjiu, GoerTek, Xiamen Tungsten, and China Southern Power, while the top five stocks that are outflows are SF Holdings, Guizhou Moutai, Southern China Energy, Shunxin Agriculture, Xiamen Tungsten Industry.
The top five conceptual themes for the main inflows are margin financing and securities lending, refinancing securities, MSCI concepts, Shanghai Stock Connect, and Shenzhen Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shanghai Stock Connect, Shenzhen Stock Connect.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 796.972 billion yuan, an increase of 617 million yuan from the previous trading day, and the securities lending balance was at 88.627 billion yuan, an increase of 909 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was at 719.786 billion yuan. , An increase of 1.619 billion yuan from the previous trading day, and the securities lending balance reported 55.164 billion yuan, an increase of 300 million yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,660.55 billion yuan, an increase of 3.445 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 333 million yuan, of which the net outflow of Shanghai Stock Connect is 256 million yuan, the balance of funds on the day is 52.256 billion yuan, and the net inflow of Shenzhen Stock Connect is 589 million yuan. The balance was 51.411 billion yuan; the net inflow of southbound funds was 12.069 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 5.061 billion yuan, the fund balance on the day was 36.939 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 7.008 billion yuan, and the day’s fund balance was 34.992 billion yuan.
Guosen Securities has calculated the average trend of market prices around the Spring Festival in the past 21 years, and the probability of the A-share market rising after the Spring Festival is relatively high and has a certain degree of sustainability.
In the past 21 Spring Festivals, there have been 16 and 14 increases in the Shanghai Composite Index in one week (5 normal trading days) and January (22 normal trading days) after the opening of the Spring Festival, with the probability of increase respectively being 76% And 66%, the probability of the stock market rising after the holiday is higher.
In the last week of the previous week, the market index rose significantly. This is not uncommon in history. The "Spring Festival turmoil" market has objective catalytic factors.
Regarding the market outlook, Bank of China Securities believes that with the normalization of the liquidity environment, the return and the opening of the annual report market, the market downside risk is controllable, and it is recommended to hold stocks for the holidays.
Under the macro environment where liquidity returns to normal and fundamentals’ resilience continues, the market will still pay more attention to valuation, cost-effectiveness and performance certainty, such as "high growth and high valuation", "steady growth" and "low valuation" In contrast to the three types of tracks, "steady growth" and "low valuation" will continue to be the main direction of capital increase.
The low-valuation sector represented by banks and the procyclical price increase sector represented by the chemical industry will continue to be the most significant offensive direction for excess market returns in the future.
(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.)