Sino-Singapore Jingwei, November 1st. On November 1, the three major A-share indexes closed up and down mixed, and the turnover of the two cities exceeded 1 trillion yuan for 7 consecutive trading days.
Ningde Times rose more than 6% in intraday trading to 679 yuan per share, a record high, with a total market value of more than 1.580 billion yuan. The market value exceeded ICBC and ranked second in A-shares, second only to Kweichow Moutai.
As of the close, the Shanghai Composite Index fell 0.08% to 3,544.48 points.
The Shenzhen Component Index rose 0.17% to 14,476.53 points.
The GEM index fell 0.56% to 3,331.91 points.
On the disk, the Beijing Stock Exchange Concept, Meta Universe, and GMO led the gains of the two cities; the CRO Concept, hotel and catering, and medical services sectors led the decline.
As of the close, the ratio of all trading stocks in the Shanghai and Shenzhen stock exchanges was 3111:1269, with 103 stocks trading at a daily limit and 17 stocks trading at a daily limit.
In terms of northbound funds, the net inflow of northbound funds exceeded 4.3 billion yuan throughout the day, including more than 3 billion yuan in Shanghai Stock Connect and 1.2 billion yuan in Shenzhen Stock Connect.
In terms of individual stocks, today’s daily limit shares are as follows: iKang Technology (10.06%), Zhongqingbao (19.99%), Yuntianhua (9.99%), Shanghai Electric Power (9.96%), Zhongtian Technology (9.99%).
The lower limit shares are as follows: Binhai Energy (-10.04%), Longpan Technology (-10.00%), Qingdao Food (-9.99%), China International Freedom (-10.00%), Marumi (-10.00%).
The top five stocks with turnover rate are: Hualan, Yunji Group, Tuoxin Pharmaceutical, Shenling Environment, and Jiusheng Electric, which are respectively 48.933%, 48.533%, 48.154%, 46.006%, and 44.187%.
Looking forward to the November market, Haitong Securities Research Report believes that structural opportunities will still be the main focus, mainly in the direction of carbon neutrality, that is, the new energy industry.
In the past, photovoltaics, wind power, energy storage, and lithium batteries were active and rose in rotation.
It should be noted that when individual stocks in the new energy sector continue to rise, the individual stocks in the sector have differentiated to varying degrees and are also facing valuation pressures. Therefore, in the short term, be careful not to blindly chase high relays and focus on defense, and wait patiently for opportunities. .
The consumption sector has undergone many adjustments in the third quarter, and the high valuation has been digested. From a long-term perspective, the layout value is optimistic.
Caixin Securities analysts said that last week's index trading volume and volatility are increasing, reflecting the intensification of investor divergence, the subsequent market may choose the direction in the volatility.
From a technical point of view, the CSI 300 Index has been oscillating in a triangular area since mid-to-late July this year. Currently, the CSI 300 Index has almost reached the end of the triangular area. It is expected that market volatility and trading volume will increase in the next few weeks. Unilateral quotes may appear.
Previously, the market was in a period of economic and liquidity vacuum, that is, the downward pressure on the economy has increased, but the stimulus policy has not yet been introduced, so the market index has maintained a volatile trend.
In the future, the economic fundamentals and liquidity situation need to be further clarified to provide a catalyst for the market to get out of the current turbulent consolidation pattern.
Northeast Securities believes that November is expected to continue the boom in the new energy, semiconductor, and military industries.
The current commodity prices of coal, steel, etc. have fallen significantly, and the PPI is expected to rise after a high fall.
Based on historical experience, growth sectors such as new energy, military industry, and TMT are all in a new and long-term business cycle, and their growth styles may be dominant; the cycle’s valuation quantile has reached 75% after the economic structural transformation in 2013 Quantile, PPI decline is expected to be weaker in the next cycle; the current profitability of consumption is still weak relative to the growth sector, and at the same time the valuation is not cost-effective, and finance is facing pressure from poor fundamentals. In the short-term, it will be "grouped" due to capital hedging. It is difficult to sustain, and it is difficult to have excess returns.
In November, high-prosperity industries still supported the market, and liquidity and risk appetite were neutral, and the market continued to fluctuate.
(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.)