Sino-Singapore Jingwei, October 8th. Today (8th) is the first trading day of A-shares in October. The Shanghai Stock Exchange Index and Shenzhen Component Index opened higher and maintained red trading throughout the day; the ChiNext stock index rose more than 1% in early trading, and then dropped. Turns down several times.

　　As of the close, the Shanghai Composite Index rose 0.67% to 3,592.17 points; the Shenzhen Component Index rose 0.73% to 14414.16 points; the ChiNext Index fell 0.04% to 3,243.20 points.

The turnover of the two cities exceeded one trillion yuan.

　　The Shanghai Index's all-day trend source: Wind

　　On the disk, the planting sector is strong, Hualv Biotech’s 20% daily limit, Hainan Rubber, Nongfa Seed Industry, Yasheng Group, Longping Hi-Tech, Xinnong Development, Xinsai Shares, Dunhuang Seed, and many other stocks have their daily limits; aquaculture sector Active, Xiaoming shares rose nearly 14%, China Water Fisheries rose nearly 9%, Zhengbang Technology, Fucheng shares, Greenhouse shares, Muyuan shares, Guolian Aquatic Products, etc. followed the rise.

The airport shipping, textile, beverage manufacturing, insurance, gas, and automobile sectors all rose more than 2%.

　　The power sector led the decline, with Huaneng International, Shanghai Electric Power, Xinneng Technology, Funeng, and Huaneng Hydropower going down limit; coal stocks weakened, Jizhong Energy, Lanhua Science and Technology Co., Ltd. dropped limit, Pingmei Co., Ltd., Shanxi Coking Coal dropped limit.

　　The ratio of all trading stocks in Shanghai and Shenzhen stocks was 3433:1007, with a daily limit of 100 and a limit of 20.

　　In terms of individual stocks, today’s daily limit shares are as follows: Guodian Nanzi (10.05%), Longping Hi-Tech (9.99%), Xinyard (9.99%), Changchun Gas (9.95%), and Longzi (10.00%).

The limit-down stocks are as follows: Core Energy Technology (-10.00%), Dongfang Electric (-10.00%), China Power Construction (-10.04%), Shanghai Electric Power (-10.02%), Erdos (-10.01%).

The top five stocks with turnover rate are: Sovereign Hotel, Xiaoming, Xinchai, Xinzhonggang, Jin Hyundai, which are respectively 65.510%, 52.908%, 44.932%, 42.941%, and 42.409%.

　　In terms of northbound funds, the net inflow of northbound funds exceeded 1 billion yuan throughout the day, of which the inflow of Shanghai Stock Connect exceeded 1.4 billion, and the outflow of Shenzhen Stock Connect exceeded 300 million.

　　In the pre-holiday A-share market, the Shanghai Stock Exchange Index showed a trend of volatility and adjustment, and market risks were released in a concentrated manner.

In addition, during the National Day holiday of the A-share market, the external stock markets fluctuated significantly; international bulk commodities continued to rise in general.

　　Regarding the market outlook, CITIC's strategy believes that it is expected that in October, fundamental expectations and relative valuations are both at a low level of value rise, and the market launch in the fourth quarter.

After the effect of policy coordination appears, the market’s pessimistic expectations for the economy will improve significantly. The economic margin in the fourth quarter will be better than that in the third quarter. This is the cornerstone of the A-share market at the end of the year. The domestic macro liquidity will continue to remain reasonable and abundant, and institutions will adjust their positions at the beginning of the quarter. The effect drives the transfer of funds to low value, and the allocation value of sectors with low fundamental expectations and relative valuations is higher.

　　Guojin Securities believes that the A-share market in the fourth quarter may decline first and then rise, and it is more optimistic about the market at the end of the year.

The market will face the test of two uncertain factors in the next 1-2 months. First, the October third quarter report may gradually reflect the slowdown in performance under the downward pressure of the economy, and it is not ruled out that corporate profits are lower than expected; second, the current market is facing 9- The expectation for the second RRR cut by the central bank in October is relatively high. Judging from the statements made at the central bank briefing, there is a short-term disturbance of the expected RRR cut, which is also one of the important reasons for the recent obvious adjustment in the bond market.

(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.)