Sino-Singapore Jingwei Client, July 20th, US stocks fell overnight. On the 20th, the three major A-share indexes opened lower. The Shanghai Composite Index fell 0.68% to 3,15.07 points; Shenzhen Component Index fell 0.76% to 14,879.27 points; ChiNext Fell 0.54% to 3431.00 points.

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  On the disk, fentanyl, super fungi, biological products and other sectors led the two cities; sodium-ion batteries, salt lake lithium extraction, petrochemicals, steel, non-ferrous metals, photovoltaics, military industry, and lithium batteries led the decline. 

  The ratio of all trading stocks in Shanghai and Shenzhen stocks was 537:3343. The two stocks had a daily limit of 4 and a limit of 5. 

  As of July 19, the margin of margin trading in Shanghai and Shenzhen stocks was 1.80 trillion yuan.

The financing balance on the day was 1.65 trillion yuan, an increase of 1.649 billion yuan from the previous trading day; the securities lending balance on the day was 156 billion yuan, a decrease of 1.030 billion yuan from the previous trading day. 

  Haitong Securities said that overnight European and American stock markets gapped and opened low, leading to a rapid rise in risk aversion in the global market.

The decline in the external market will also have a negative impact on A-shares in the short-term, but the mid- to long-term fluctuations and rise of the A-shares themselves will not be changed.

From the perspective of net capital inflows and outflows, market capital is still rotating among recent hot sectors, and the market as a whole is still dominated by structural quotations.

  The Shanxi Securities Research Report believes that in the market, in the medium term, the consumer service industry will continue to recover, the technology industry will continue to maintain a high growth rate, and the overall fundamentals of A-shares will be strongly supported.

In the future, in the context of reasonably loose liquidity and strong fundamental support, the rebound of related topics will drive the market to continue to fluctuate upward.

In the first half of the year, the two-year compound growth rate of consumption and the tertiary industry grew slowly, and there is more room for recovery in the second half of the year.

(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.)