Sino-Singapore Jingwei Client, September 17th. On the 17th, the three major indexes opened lower and strengthened in the afternoon. The growth rate of the ChiNext Index expanded to 2%, and the Shanghai Stock Index rebounded from the bottom.
The medical equipment and CRO concept sectors rose, while the liquor sector continued to rise.
The turnover of the Shanghai and Shenzhen stock markets exceeded 1 trillion for 43 consecutive trading days, tying the historical record.
Source: Flush iFinD
The Shanghai Composite Index rose 0.19% to 3,13.97 points.
The Shenzhen Component Index rose 0.71% to 14,359.36 points.
The GEM index rose 2.06% to 3193.26 points.
On the disk, the medical equipment and CRO concept sectors rose, while the liquor sector continued to rise; cyclical stocks such as coal, non-ferrous metals, and steel fell collectively, and the industrial mother machine and salt lake lithium extraction sectors were in a downturn.
As of the close, the ratio of all trading stocks in Shanghai and Shenzhen stocks was 1775:2608, with 64 stocks trading at a daily limit and 18 stocks trading at a daily limit.
In terms of individual stocks, today’s daily limit shares are as follows: Chuanneng Power (9.99%), Three Gorges Energy (9.97%), energy-saving wind power (9.93%), Yuneng Holdings (9.97%), Liuguo Chemical (9.98%).
The lower limit shares are as follows: Shilong Industry (-10.01%), Yunlu (-9.98%), Huayang New Materials (-9.94%), Yuanxing Energy (-9.98%), Qinghai Huading (-9.95%) .
The top five stocks with turnover rate are: Neway CNC, Xiaoming, Zhuojin, Jiangtian Chemical, and Shanghai Ailu, which are 71.943%, 71.812%, 57.318%, 53.841%, and 51.583%, respectively.
Haitong Securities believes that, strategically, the short-term rapid upward trend of stock indexes since August has passed, and the market outlook is probably a structural market that fluctuates upwards.
In the medium term, the current overall valuation of A-shares is still at a low level, and the technology industry continues to maintain a high growth rate. Although consumer themes are affected by the epidemic, there is more room for future recovery. The overall fundamentals of A-shares are strongly supported, and the index continues to fluctuate upwards in the long-term. Will continue.
Today is the last trading day before the Mid-Autumn Festival. From historical experience, there is a greater probability that the index will bottom out before the holiday and stabilize after the holiday.
(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.)