Sino-Singapore Jingwei, November 8th. On Monday (8th), the three major A-share indexes closed up collectively. The Shanghai stock index fluctuated at an integer mark of 3,500 points, and the GEM index rose by 1.2% during the intraday session.
The lithium battery sector continued to rebound, environmental protection stocks were strong throughout the day, and many stocks rose at their daily limits; the airport shipping, scenic tourism, rare earth, and Yuan universe sectors remained active; industrial base machines, securities companies, natural gas and other sectors rose in the afternoon, and the vaccine and semiconductor sectors were in a downturn.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Flush iFinD
As of the close, the Shanghai Composite Index rose 0.20% to 3,498.63 points.
The Shenzhen Component Index rose 0.32% to 14,508.86 points.
The GEM index rose 0.82% to 3,380.29 points.
The ratio of all trading stocks in Shanghai and Shenzhen stocks was 2591:1792, with 97 daily limit and 4 daily limit.
On the disk, the salt lake lithium extraction, small metals, airport shipping, environmental protection and other sectors have the top gainers, and the food processing, MCU chips, biological vaccines, and China Shipbuilding Department have the top decliners.
In terms of northbound funds, northbound funds sold a net 1.003 billion yuan throughout the day, of which a net purchase of 770 million yuan on Shanghai Stock Connect and a net sale of 1.773 billion yuan on Shenzhen Stock Connect.
In terms of individual stocks, today's daily limit shares are as follows: Tianqi Lithium (10.00%), Baotong Technology (20.02%), Yongtai Technology (9.99%), Zhaoxin Stock (10.14%), Yishang Show (9.99%).
The lower limit shares are as follows: Guidong Electric Power (-10.07%), Shanghai Belling (-10.00%), McGrady Technology (-10.00%), Hongsheng shares (-10.01%).
The top five stocks with turnover rate are: Jiusheng Electric, Reading Culture, Jiachuang Video, Shangsheng Electronics, and Zero Point, which are respectively 60.979%, 57.412%, 52.032%, 49.506%, 49.279%.
Huaxin Securities pointed out in the research report that in the third quarter, the profit of all-A attributable to the parent increased negatively. During the same period, the all-A two non-ROE (TTM) was 9.37% in 2021Q3, a decrease of 0.15% compared with 2021Q2. After the inflection point, the two non-ROE (TTM) all-A also turned in the third quarter, which means that the all-A profitability restoration process has entered an inflection point, the profit restoration + low interest rate environment disappears, and the weak and volatile decline of A shares is a long-term market performance. In terms of A-shares, there are still repetitions, and active defense in the weak market will become a more feasible operation in the industry that ambushes the expected economic reversal in advance.
Caixin Securities stated that the current domestic PPI is at a high level and is gradually being transmitted downstream. According to historical rules, the subsequent scissors difference between PPI and CPI is expected to converge, and the profit of the industrial chain will shift from the upstream resource sector to the midstream manufacturing and downstream consumer sector distribution. Market funds will shift from offense to defense, and the financial sector and the consumer sector are expected to relay the cyclical sector market.
Historically, valuation differentiation and convergence between the A-share sectors will rotate in turn, and it is difficult for sector valuations to continue to differentiate.
Considering that the current valuation of track stocks has far surpassed that of other sectors, it is expected that the undervalued financial sector and the consumer sector with a callback in place will have certain opportunities for supplementary gains.
(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.)