China News Service, Beijing, September 9 (Reporter Chen Kangliang) On the last trading day before the traditional Chinese festival Mid-Autumn Festival, China's A-shares performed brightly, and all major stock indexes rose.
The representative Shanghai Composite Index opened higher and moved higher on the 9th, rising all the way, and finally ended in red, standing at the 3,200-point mark.
As of the close of the day, the Shanghai Composite Index reported 3,262 points, an increase of 0.82%, with a turnover of 338.6 billion yuan (RMB, the same below); the Shenzhen Component Index reported 11,877 points, an increase of 1.11%, and a turnover of 441 billion yuan; the ChiNext Index reported 2,548 points, an increase of 441 billion yuan. 1%.
Caixin Securities analyst Huang Hongwei said that under the background of the game of stock funds, the recent A-share market has changed significantly, blue-chip stocks such as real estate have performed better, and the high-tech sector and resource sector have seen a large pullback.
The driving force for the market style switch is: high-tech sector valuations are high and transactions are obviously overheated; the Federal Reserve has recently expressed a “hawkish” stance; The performance and valuation of the relevant blue-chip sectors are expected to recover; the Mid-Autumn Festival, National Day and other festivals are approaching, the real estate sector is expected to usher in the traditional peak sales season of “Golden Nine and Silver Ten”, and there is a marginal improvement in the short-term performance of real estate companies. The above factors jointly promote the switching of market styles. Expect the style switch to continue for months.
In terms of specific sectors, most sectors of A-shares rose that day.
Among them, the blue-chip sectors such as real estate and finance led the increase, while the real estate services and real estate development sectors rose by 3.31% and 2.26% respectively.
Yin Yanji, an analyst at Huaan Securities, said that under the background of "one city, one policy" for local real estate regulation, there is a certain policy space in different cities to meet consumers' rigid and improved housing needs, including cancelling purchase restrictions, adjusting down payments, adjusting Mortgage rates, etc.
Considering that the policy relaxation is expected to superimpose the lagging demand for house purchases in the early stage, and that real estate companies may take advantage of the Mid-Autumn Festival "mini-long holiday" and the National Day "Golden Week" to push the market strongly, it is expected that the real estate industry is expected to usher in the "Golden Nine Silver Ten" market.
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