Sino-Singapore Jingwei, November 17th. On Wednesday (17th), lithium battery concept stocks and power equipment sectors led the rise, individual stocks set off a daily limit wave, the photovoltaic sector rose sharply in the afternoon, wind power, energy storage, rare earths, auto parts and other new energy sector groups rise.
Industrial base machine, military industry, semiconductor and other sectors have risen one after another, and individual stocks have generally risen.
The turnover of the two cities exceeded one trillion for 19 consecutive trading days.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Flush iFinD
As of the close, the three major indexes collectively closed up.
The Shanghai Composite Index rose 0.44% to 3,537.37 points.
The Shenzhen Component Index rose 0.67% to 14,711.18 points.
The GEM index rose 0.81% to 3,421.33 points.
The ratio of all trading stocks in Shanghai and Shenzhen stocks was 3322:1134, with 113 daily limit and 5 daily limit.
On the disk, lithium mines, salt lake lithium extraction, power generation equipment, industrial mother machines, rare earth permanent magnets, UHV and other sectors were among the top gainers, while liquor, cloud games, food processing, and precious metals were among the top decliners.
In terms of northbound funds, northbound funds sold 238 million yuan throughout the day, ending 4 consecutive days of net purchases; among them, net sales of Shanghai Stock Connect were 1.033 billion yuan, and Shenzhen Stock Connect net purchases were 795 million yuan.
In terms of individual stocks, today's daily limit shares are as follows: Akcome Technology (10.04%), Great Energy (20.00%), Golden Galaxy (20.01%), Tianqi Lithium (10.00%), Shengxin Lithium (9.99%).
The limit-down stocks are as follows: World Games Circuit (-10.02%).
The top five stocks with turnover rate are: Canqin Technology, Sichuan Net Media, Shuyu People, Wanxiang Technology, and Ningbo Founder, which are 73.544%, 61.940%, 60.868%, 57.066%, and 55.665%, respectively.
Huilv Ecology returned to A shares for the first time in 16 years. It opened over 122% and stopped twice during the session. As of the close, the increase narrowed to 53.96% to 6.02 yuan per share.
Caixin Securities said that since mid-to-late July, the Shanghai and Shenzhen 300 Index has been oscillating in a triangular area.
Although the index rebounded somewhat last week, the trading volume has not been significantly enlarged, indicating that the current market is still in a turbulent consolidation market.
At present, the CSI 300 Index has reached the end of the triangle area. It is expected that in the next 1-2 weeks, market volatility and trading volume will increase, and the market may choose the direction of breakthrough and move out of the turbulent consolidation market.
In the medium-term perspective, investors are advised to lay out marginal improvement sectors from the following three main lines: sectors with prosperous production and sales, downstream consumer sectors, and sectors damaged by the epidemic.
CICC analyzed that in a typical credit cycle, two quarters after the credit pulse bottomed out, the market gradually formed a stable growth policy to underpin economic expectations, optimism began to rise, and stock indexes tended to rise.
According to historical relationships, the credit pulse bottomed out in May this year, and the corresponding stock index began to rise around November.
However, this credit cycle is affected by the policy cycle, and the operating rhythm may be different. The market may have to wait for the end of the year policy signal, and the stock index response time will be delayed accordingly.
It is expected that the degree of credit expansion this time will be relatively limited. Superimposed on the slowdown of China's economic growth, it may suppress the room for asset appreciation, and there is a greater possibility of phased market development.
It is recommended that a moderate increase in stock assets be allocated in the short term, and it will be converted to standard allocation after 6 months.
(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.)