China News Service, November 1st (Xie Yiguan, a reporter from China-Singapore Finance and Economics) On the 1st, the three major A-share stock indexes fluctuated upwards, the Shanghai index returned to above 2900 points, and the ChiNext index rose to 2300 points.
As of the close, the Shanghai Composite Index rose 2.62% to 2969.20 points; the Shenzhen Component Index rose 3.24% to 10734.25 points; the ChiNext Index rose 3.20% to 2337.65 points.
A-share closing performance.
Over 4,500 stocks in Shanghai and Shenzhen rose, with a daily turnover of 977.5 billion yuan; northbound funds bought a net 6.155 billion yuan throughout the day, including 3.493 billion yuan in Shanghai Stock Connect and 2.662 billion yuan in Shenzhen Stock Connect.
On the disk, industry sectors such as hotel and catering, tourism, winemaking, construction machinery, food and beverage are among the top gainers.
In terms of concept sectors, the concept of supply and marketing cooperatives has strengthened, and Swan shares, Zhongnong United, Tianhe shares, Huilong shares, and Zhenong shares have daily limit.
The previously sluggish liquor concept also performed strongly today. Shunxin Agriculture and Jiugui Liquor rose by the daily limit, Huzhou Laojiao, Kweichow Moutai, Shuijingfang, etc. rose by more than 8%, and Shanxi Fenjiu, Wuliangye, Jinshiyuan, and Gujing Gongjiu also rose.
Hong Kong stocks also swept away the previous downturn on the 1st. As of press time, the Hang Seng Index rose more than 5%, and the Hang Seng Technology Index rose more than 7%.
Zhang Qiyao, an analyst at Industrial Securities, believes that the current market is already in the bottom range of high cost performance. When overseas risk factors gradually ease and the main line of the domestic market becomes clearer under the guidance of policies, the market is expected to gradually usher in repairs.
The research report of CICC pointed out that in the medium term, China's domestic demand has great potential, the current policy constraints are relatively small, and there is ample room for reform and potential exploration. With timely and appropriate policy efforts, from the perspective of 6-12 months, market opportunities outweigh risks.
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