Sino-Singapore Jingwei Client, September 7th. On the 7th, the three major A-share stock indexes rose together, and the Shanghai Composite Index rose unilaterally to a new high in more than half a year.
As of the close, the Shanghai Composite Index rose 1.51%, the Shenzhen Component Index rose 1.07%, and the ChiNext Index rose 0.72%.
On the disk, the steel, coal, chemical, gas and heating, non-ferrous, and securities sectors led the way, while the hotel, catering, warehousing and logistics sectors weakened.
The turnover of the two cities exceeded RMB 1 trillion for the 35th consecutive trading day.
From the perspective of individual stocks, there is a general upswing pattern. Nearly 3,000 individual stocks have risen. The profitability of the market has recovered. Cycles such as coal, chemical and steel continue to be sought after by funds. Anshan Iron and Steel, Benxi Steel Plate, Shanxi Coking, Yunmei Energy, Jinniu Nearly 50 stocks such as Chemical, Shandong Haihua, and China Salt Chemical have their daily limit.
In the futures market, the coal futures "three brothers" coking coal, thermal coal, and coke futures all set new highs.
Coke 2201 contract closed at 3655.5 yuan/ton, up 7.28%; coking coal 2201 contract closed at 2907.5 yuan/ton, up 7.37%; thermal coal 2201 contract closed at 985.6 yuan/ton, up 6.23%.
Industrial Securities believes that in terms of thermal coal, the current peak of summer power consumption has gradually subsided, but the terminal coal inventory is still at an absolute low level.
Therefore, it is expected that coal will meet the off-season again.
With the beginning of October, the heating season is approaching, and the demand for winter storage and replenishment is gradually opened, and strong demand is expected to drive coal prices to rise further.
With regard to coking coal, the lack of imports of Australian coal has been more severely affected. my country has fewer high-quality coking coal resources, and the lack of supply will support continued price increases.
Shanxi Securities pointed out that at the index level, the market will still be dominated by shocks and fluctuations, lacking triggers and motivation for sharp rises or sharp declines; the industry will continue to diverge, and the market will still be dominated by structural opportunities, focusing on short- and medium-term estimates. Excellent value-for-money ratio, strong mid- and long-term policies, and high-growth direction.
(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.)