The market index rose by nearly 124 points this year,
A-share trading volume in the two markets hit a new high since 2015
(Reporter Liu Shenliang) The annual turnover of A-shares in the two cities yesterday hit a new high since 2015. As of press time, the annual turnover of the A-shares in the two cities has reached 254.77 trillion yuan.
On December 28, the turnover of the Shanghai and Shenzhen stock exchanges returned to more than one trillion yuan. This was the 147th time that the turnover exceeded one trillion yuan during the year, surpassing the 114 transactions in 2015.
A reporter from Beijing Youth Daily noted that as of the close of December 29, the market index has risen 3.57% this year, an increase of 123.93 points from the 3474 points at the beginning of the year. It is basically operating in the space from 3312 points to 3731 points.
The Shenzhen Component Index rose by 1.27% annually, up 183.14 points.
The annual growth rate of the ChiNext is 10.64%, an increase of 315.64 points.
According to data from Eastern Fortune Choice, since December 5, 2014, the Shanghai and Shenzhen stock exchanges exceeded one trillion yuan for the first time in history. So far, there have been only 10 A-share transactions where the turnover exceeded one trillion yuan for 10 consecutive trading days or more. Circumstances, including 3 times in 2015 and 2020, and 4 times in 2021.
Chen Li, chief economist and research director of Chuancai Securities, believes that since August 2021, a lot of quantitative funds have entered the market, and many real estate funds have begun to pay more and more attention to the allocation of equity assets. The proportion of investment in A-share funds and securities, and the investment sentiment of overseas funds in the Chinese market has continued to increase.
Under this circumstance, Chen Li believes that the overall market breaking one trillion will become the norm.
CICC Wang Hanfeng's team believes that from the perspective of liquidity, the combination of macroeconomic policies is expected to be a trend of "tight credit, loose money, and lenient fiscal", and market liquidity will gradually become looser.
Due to the continuous expansion of the market, CICC predicts that about one trillion yuan in daily turnover in 2022 may become the norm for A-share transactions.
Judging from the transactions this year, A-shares are not in a comprehensive bull market, but the daily average turnover of 1.03 trillion yuan is close to that of 2015.
Wang Hanfeng believes that this is not a reflection of overheated market sentiment, but a new equilibrium in trading volume after the market has gradually expanded.