Sino-Singapore Jingwei, October 11th. On the morning of the 11th, the A-share index trended differently. The Shanghai Stock Exchange Index maintained its red run.
As of midday's close, the Shanghai Composite Index rose 0.38% to 3,605.76 points; the Shenzhen Component Index rose 0.02% to 14,417.18 points; the ChiNext Index fell 0.68% to 3,21.05 points.
Source of the Shanghai Index in early trading: Wind
On the disk, coal stocks led the gains in the two cities, with Hengyuan Coal and Power and Shanghai Energy's daily limit; military industry, plantation, airport shipping, banking, home textiles and other sectors led the rise.
The gas, environmental protection, power, steel, hotel and catering sectors were among the top decliners.
Up to now, the ratio of all trading stocks in Shanghai and Shenzhen stocks is 2223:2050, with 64 stocks trading at a daily limit and 14 stocks trading at a daily limit.
In terms of individual stocks, the current daily limit shares are as follows: Langzi (10.01%), North Navigation (10.00%), Hengtong Optoelectronics (10.00%), Xinzhonggang (10.00%), Hangzhou Thermal Power (10.01%).
The lower limit shares are as follows: Anjing Food (-10.00%), Xu Ji Electric (-10.01%), Shandong Haihua (-10.00%), Igor (-9.97%), Sifang (-10.02%).
The top five stocks with turnover rate are: New China Hong Kong, Hualv Bio, Hengsheng Energy, Xiaoming, and Wanchen Bio, which are 47.626%, 42.782%, 36.243%, 35.497%, and 35.334%, respectively.
In terms of northbound funds, the net inflow of northbound funds in the morning exceeded 1.9 billion yuan, of which the inflow of Shanghai Stock Connect exceeded 2.9 billion, and the outflow of Shenzhen Stock Connect exceeded 900 million.
According to the analysis of Yuekai Securities, the current market is in a game between policy and fundamentals. The switching of funds has brought about a rapid rotation of the market style this year, and market sentiment has been restored after the holiday.
From a fundamental point of view, the macro-economy is characterized by stagflation, and the growth rate of corporate profits in the third and fourth quarters has declined marginally.
The policy side may show signs of marginal relaxation, which will help boost market risk appetite.
The expectation of marginal easing of monetary policy is expected to continue, and liquidity is relatively abundant.
A-shares in the fourth quarter usually have a calendar effect. Funds will be deployed in traditional industries and will advance the direction of next year's prosperity.
(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.)