Sino-Singapore Jingwei Client, March 2nd. On March 2, the three major A-share stock indexes opened slightly higher and then fluctuated downward. The Shanghai stock index fell nearly 1% in half a day.
Liquor, precious metals, and shipping sectors led the decline, while rare earth, UHV, coal, and environmental protection sectors were active against the market.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Wind
As of midday's close, the Shanghai Index fell 0.99% to 3516.29 points, with a turnover of 265.3 billion yuan; the Shenzhen Component Index fell 0.56% to 14774.68 points, with a turnover of 307.9 billion yuan; the ChiNext Index fell 0.78% to 2971.52 points, with a turnover 1024 billion yuan.
On the disk, sectors such as scenic spots, forestry, hotels, environmental protection engineering and services, and high and low voltage equipment led the gains; sectors such as shipping, chemical raw materials, petrochemicals, gold, and industrial metals led the decline.
In terms of concept stocks, carbon trading, power Internet of Things, yesterday's connecting board, UHV, yesterday's daily limit and other gains were the top gainers, and the BDI index, viscose staple fiber, shipping, copper, and molybdenum were among the top losers.
In terms of individual stocks, 1199 individual stocks rose, among which many individual stocks such as Wangneng Environment, Weilan Biological, Pingtan Development, etc. rose by more than 5%.
2850 stocks fell, of which Saiteng, Shenhuo, Xinguang Optoelectronics and other stocks fell by more than 5%.
In terms of turnover rate, a total of 16 stocks have a turnover rate of more than 20%. Among them, N Medikai has the highest turnover rate, reaching 59.54%.
In terms of capital flow, the top five major flows of industry sectors are electric power, steel II, chemicals, metal and non-metal new materials, and coal mining, while the top five flows of chemicals, rare metals, industrial metals, steel II, and electricity.
The top five stocks with major inflows are Baotou Steel, GEM, Northern China, Yanzhou Coal, Fangda Carbon, and the top five stocks with outflows are Baotou Steel, GEM, Yanzhou Coal, Northern Rare Earth, and BYD.
The top five conceptual themes of the main inflows are margin financing and securities lending, refinancing securities, MSCI concepts, Shanghai Stock Connect, and Shenzhen Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shanghai Stock Connect, Shenzhen Stock Connect.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 810.118 billion yuan, an increase of 3.811 billion yuan from the previous trading day, and the securities lending balance was at 88.68 billion yuan, an increase of 1.857 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 72.016 billion yuan. , A decrease of 57 million yuan from the previous trading day, and the securities lending balance reported 54.971 billion yuan, an increase of 2.114 billion yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,677.785 billion yuan, an increase of 7.725 billion yuan from the previous trading day.
From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound capital is 4.354 billion yuan, of which the net outflow of Shanghai Stock Connect is 1.726 billion yuan, the balance of funds on the day is 53.726 billion yuan, and the net outflow of Shenzhen Stock Connect is 2.628 billion yuan. The balance was 54.628 billion yuan; the net inflow of southbound funds was 3.949 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 2.01 billion yuan, the day's fund balance was 39.99 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.948 billion yuan, and the day's fund balance was 40.052 billion yuan.
Chuancai Securities pointed out that the US$1.9 trillion economic stimulus plan to deal with the epidemic has strengthened market expectations for inflation to a certain extent. Commodity prices have also been at historical highs recently. The high commodity prices have an impact on the stock prices of cyclical stocks. It constitutes a support.
In the short term, pay attention to the reasonable growth of the valuation, and the recent decline in the stocks caused by the capital grouping has led to the opportunity of wrongly killed individual stocks.
Galaxy Securities believes that, on the whole, the upward trend of A shares has not changed, but risks need to be paid attention to.
Under the expected impact of the tightening of the liquidity margin, the focus of the market has shifted from the original liquidity drive to the profit drive. The matching degree of profitability and valuation will be one of the key criteria for future capital pursuits.
In the short term, the previous hot sector is at the valuation ceiling and there is pressure for correction.
The market as a whole shifts to pro-cyclical sectors and small and medium stocks with reasonable valuations.
In the medium and long term, for high-quality core assets, with strong competitiveness, high growth ceilings, and deep moats, the fundamental logic has not changed, and we will continue to focus on core assets with good performance and appropriate valuation.
(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.)