The Shanghai stock index opened slightly higher: beer stocks were active, power sector fell

　　Sino-Singapore Jingwei, October 29. On the morning of the 29th, the three major A-share indexes opened mixed. The Shanghai Composite Index rose 0.03% to 3,59.33 points; the Shenzhen Component Index fell 0.02% to 14,242.68 points; the ChiNext Index fell 0.08% , Reported 3275.83 points.

　　Shanghai and Shenzhen market opening performance source: Wind

　　On the disk, the banking, steel, and food sectors were strong, and beer stocks were active; securities firms, insurance, and power sectors adjusted significantly.

　　The ratio of all trading stocks in Shanghai and Shenzhen stocks was 1904:1698. The two stocks had a daily limit of 6 and a limit of 6 companies.

　　In terms of individual stocks, the daily limit shares during the call auction period are as follows: Wenshan Power (10.01%), Chongqing Beer (10.00%), Haicheng Bangda (10.03%).

The limit-down stocks are as follows: Dingsheng New Materials (-10.00%), Sunshine City (-10.06%), Qingdao Food (-9.98%).

　　As of October 28, the margin of margin trading in Shanghai and Shenzhen stocks was 1.85 trillion yuan.

The balance of financing on the day was 1.70 trillion yuan, a decrease of 9.083 billion yuan from the previous trading day; the balance of securities lending on the day was 151.425 billion yuan, a decrease of 7.5 billion yuan from the previous trading day.

　　Regarding the recent market decline, Guotai Junan believes that the current round of market adjustment is mainly dragged down by structure, rather than systemic adjustment.

Under the expectation of strong supervision, the 28-day cycle sector reappeared a significant adjustment. Among them, the stock price of coal stocks fell rapidly with coal prices, and the chemical, steel, and non-ferrous resources sectors were also affected and fell sharply.

　　China Securities Securities stated that the pattern of external liquidity tightening in the first quarter of the fourth quarter has eased, and more positive signals can be waited for in the middle and later quarters of the fourth quarter. There is no need to be pessimistic about the A-share market as a whole.

The driving force of the short-term market has shifted from top-down liquidity to bottom-up corporate profitability, and investors' attention to industries that are still at the bottom continues to rise.

(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.)