The Shanghai Composite Index fell below 3,000 points again, and water conservancy stocks bucked the trend and strengthened

Southern Metropolis Daily

2024-06-21 13:14Published on the official account of Guangdong Southern Metropolis Daily

On June 21, the Shanghai Composite Index and the Shenzhen Component Index both opened lower and went lower. By midday break, the Shanghai Composite Index closed down 0.39% at 2,993.57 points, losing 3,000 points again, the Shenzhen Component Index fell 0.40% to 9,032.37 points, and the Beijing 50 Index rose 1.13% to 728.05 points. More than 2,700 stocks fell, with a total half-day turnover of 380.2 billion.

Source: Straight Flush iFinD

On the disk, concepts such as brain-computer interface, underground pipe network, water conservancy, and new urbanization are strong, while concepts such as new stocks of science and technology, lithography machines, and advanced packaging are lower.

Source: Straight Flush iFinD

In terms of the concept of brain-computer interface, innovative medical treatment and Lihe science and technology innovation both have a daily limit; In terms of water conservancy, Shunyu shares, new cities, and Hualan Group have daily limits.

The semiconductor industry chain led the decline, Aisen shares, good on good fell more than 9%, Kexiang shares, Anlu technology, and Concord Electronics were among the top decliners.

On the news side, the Ministry of Water Resources recently revised and released the "Water Conservancy Technical Standard System Table", giving full play to the guiding, leading, promoting and basic role of water conservancy technical standards, and providing technical support for comprehensively improving the national water security guarantee capacity.

Liu Kuijun, an investment consultant at Qifu, believes that the Shanghai Composite Index once again tested the 3,000-point mark, and the market sentiment was low, but below 3,000 points was the small box technical support point after the market sentiment reversed in the first half of the year, and the index adjustment space was extremely limited, and the short-term index was expected to form a short trap and usher in a bottoming rebound opportunity. In the medium term, the policy side still supports the market to continue to improve.

Guosheng Securities said that a number of new regulations in the capital market have been released intensively recently, including eight measures to promote the high-quality development of venture capital and deepen the reform of the science and technology innovation board, and the policy level is boosting confidence and giving full play to the function of the capital market, but the overall reaction of the market is not obvious or the short-term impact caused by the disappointment of some expectations is relatively large, and the good for the industry and the subject matter is in a state of passivation. The reform of the Science and Technology Innovation Board mentions that it will make greater efforts to support mergers and acquisitions, and some small and medium-sized market capitalizations of science and technology innovation, especially some varieties that have been wrongly killed in the early stage, can be focused on with the implementation of relevant systems. In terms of allocation, the semiconductor sector has experienced a long downward cycle, and the current layout may have high odds; New energy sectors such as photovoltaics have been catalyzed by news in the short term, and pay attention to trading opportunities.

In early trading today, the pulling effect of brokerage stocks is still obvious. Western Securities opened 6.81% higher, and as of midday, the stock rose more than 8% to 6.98 yuan.

Western Securities announced in the morning that it is planning to acquire a controlling stake in Guorong Securities Co., Ltd. by paying cash, and the specific proportion of shares to be acquired is subject to the final signed share transfer agreement. The above matters do not constitute related party transactions and major asset restructuring of the Company, nor will they have an impact on the Company's normal production and business activities.

Hualong Securities said that the recent capital market has been adjusted, the turnover continues to decline, the brokerage sector by the decline in market trading activity and the marginal weakening of the catalyst for mergers and acquisitions and restructuring has been adjusted, the performance of the sector is still more obvious than the fundamentals, last week the stock price of the brokerage sector was driven by Haitong Securities and Guotai Junan upward drive the overall rise, but it is still driven by mergers and acquisitions, and the price of listed brokerages has not been affected by the performance and other fundamental performance. It is expected that in 2024, the M&A and restructuring of the brokerage industry will still be the main line of investment, and the catalytic superposition of the market will return to the focus on fundamental repair, which will help the valuation of listed securities companies to increase.

Written by: Liu Changyuan, reporter of Nandu Bay Finance Society

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