Chinanews client, Beijing, July 12 (Reporter Xie Yiguan) The RRR cut was positive. On July 12, A-shares set off a strong rise. The three major stock indexes maintained a high and volatile trend after volatility. The GEM index rose for a while. Over 4%, standing firm 3,500 points.
As of the close, the Shanghai Composite Index rose 0.67% to 3,547.84 points; the Shenzhen Component Index rose 2.14% to 15161.52 points; the ChiNext Index rose 3.68% to 3,534.76 points, a 6-year high.
The GEM is around the corner.
Market investment enthusiasm continued to rise, with the total daily turnover of the two cities reaching 1.3 trillion yuan, breaking through one trillion yuan for 8 consecutive trading days.
Following the cumulative net purchase of 8.319 billion yuan last week, Northbound funds bought 1.642 billion yuan throughout the day on the 12th.
On the disk, a total of 3032 stocks in the two cities rose, 112 stocks rose by the limit; 1,348 stocks fell, and 15 stocks fell by the limit.
Most of the industry sectors were popular, with tourism, software services, chemical fiber, non-ferrous metals, communication equipment and other sectors rising at the top.
In terms of the concept sector, the phosphorus concept rose more than 7% to lead the market.
In addition, the information security, Hongmeng concept, cobalt metal and other sectors performed well. The lithium battery sector lifted the daily limit wave. More than a dozen related stocks such as Far East Co., Ltd., Shengxin Lithium Energy, Huayou Cobalt, and Ganfeng Lithium had daily limit.
Lithium battery sector rose by the top stocks.
Market analysis believes that the stock market performed so strongly on the 12th, or it may be due to the central bank's announcement of a comprehensive RRR cut.
On the 9th, the central bank issued an announcement stating that in order to support the development of the real economy and promote a steady decline in comprehensive financing costs, it decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15, 2021 (excluding the implemented 5% deposit reserve. Financial institutions).
After this reduction, the weighted average deposit reserve ratio of financial institutions was 8.9%.
"The pace and intensity of this RRR cut exceeds market expectations, reflecting the'forward-looking and guiding' of the decision-making." West China Securities analyst Li Lifeng pointed out that for the potential downward pressure on the economy in the second half of the year, the policy level has made preventive RRR cuts in advance. , Which also reduces the market’s concerns about monetary policy tightening.
In the view of Zhang Xia's investment strategy team, under the current overall stable monetary policy, performance is still the main anchor of the market. It is recommended that the layout and position adjustments be made around the idea that the semi-annual report exceeds expectations and the three-quarter report will continue to be prosperous, focusing on benefits China's industrial products sector, which is the recovery of global industrial production, some areas of less concern about price increases, and the electric smart car industry chain.
"On the whole, the pattern of dominant growth styles since 2019 will continue, but the market value dimension needs to sink." Founder Securities pointed out. (Finish)