Sino-Singapore Jingwei Client, August 20th. On the 20th, the three major A-share indexes all opened lower, liquor stocks opened sharply lower, Kweichow Moutai fell 4%; cyclical stocks continued to pull back.

  Screenshot source: Flush iFinD

  The Shanghai Composite Index fell 0.66% to 3,442.51 points, the Shenzhen Component Index fell 0.76% to 14,376.90 points, and the ChiNext Index fell 0.67% to 3,256.49 points. Propylene oxide, public transport, and football concepts led the gains of the two cities. Liquor concept , Beverage manufacturing, organic silicon and other sectors were among the top decliners.

According to news that the order of the liquor market may usher in strong supervision, liquor stocks opened sharply lower.

  The ratio of all trading stocks in Shanghai and Shenzhen stocks was 1025:2578. The two stocks had a daily limit of 4 and a limit of 4.

  As of August 19, the margin of margin trading in Shanghai and Shenzhen stocks was 1.85 trillion yuan.

The financing balance on the day was 1.68 trillion yuan, a decrease of 1.841 billion yuan from the previous trading day; the securities lending balance on the day was 163.666 billion yuan, an increase of 282 million yuan from the previous trading day.

  In terms of individual stocks, the daily limit shares during the call auction period are as follows: Kehua Data (9.99%), and the lower limit shares are as follows: Hangzhou Thermal Power (-9.99%), Shanghai Agricultural Commercial Bank (-10.00%), Guanshi Technology (-10.00%).

  Guotai Junan pointed out that in the future, with the decline in risk-free interest rates and risk evaluation and the rebound in risk appetite, the upward trend of the A-share market is still worth looking forward to.

Due to the decline in risk evaluation and the rebound in risk appetite, the focus of the next stage of investment style is not on the large-cap blue-chips, but in the mid-cap blue-chips, the focus is on technological growth, including new energy, electronics, and defense technology.

The increase in market risk appetite is limited, and investment should still focus on blue-chip stocks with performance.

(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.)

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