National team: I can't buy it all but I can't buy it all! More than 4,700 A-shares fell, and foreign investors sold more than 44 billion in 13 days

Look at finance

2024-06-27 16:36Look at the official account of Finance

A-shares were only KTV yesterday for a day, and today they entered the ICU, more than 4,700 companies fell, and the volume shrank to 620 billion, and the GEM index was in danger of 1,700 points.

Since last Friday, the national team has been buying for five consecutive days, as shown in the figure below, the CSI 300 ETF has increased for five consecutive days, and from the perspective of the purchase amount, this round of buying is definitely not as strong as in January. Yesterday, the national team should have only bought slightly, and the stock market rebound was more spontaneously driven by funds, and today it was bought from near the close of the morning market, and it was bought intermittently at noon, but the index could not be pulled, and it could only be said that it could not be bought and bought.

Let's take a look at today's blockbuster news:

The yen continued to fall sharply last night, with the dollar rising to 160.87 against the yen, the highest level since 1986, the depreciation of the yen and the euro pushed the dollar stronger, the dollar index rose above 106, and the offshore yuan exchange rate once fell below the 7.3 mark.

In fact, the depreciation of the euro and the yen is much greater than that of the yuan, and the yen and the euro account for the main weight of the dollar index, and the depreciation of the yen and the euro will naturally lead to the strengthening of the dollar index. Although the central parity of the renminbi against the US dollar has also declined, it is much more stable than that of the offshore and onshore renminbi, and the gap between the central parity and the FOB parity is large. This means that the central bank's actions to stabilize the exchange rate have not been absent.

Micron Technology reported adjusted EPS of $0.62 versus $0.5 expected for the fiscal third quarter, revenue of $6.81 billion versus $6.67 billion expected, net income of $332 million versus $312 million expected, and adjusted operating margin of 28.1% versus 27.2% expected for the fiscal third quarter. Adjusted earnings per share for the fiscal fourth quarter are expected to be $1.08+/-$0.08 versus analysts' expectations of $1.02. In fact, Micron Technology's performance exceeded expectations, but the guidance was lower than market expectations, and the stock price fell nearly 8% after hours.

In addition, according to the Financial Associated Press, Samsung will raise the price of dynamic random access memory (DRAM) and NAND by 15-20% in the third quarter.

This is a negative for A-share storage, and a positive for the A-share storage sector, which opened low in the morning and then rushed higher, once rose sharply, and then fell back with the market diving.

Last night, Espressif Technology announced that the net profit attributable to the owners of the parent company from January to May 2024 was about 118.71 million yuan, an increase of about 65.6 million yuan compared with the same period last year, an increase of about 123.51% year-on-year.

In fact, some listed companies in the semiconductor sector have improved in the first quarter, and at present, the certainty of quarter-on-quarter improvement in the second quarter is high.

The Beijing Municipal Commission of Housing and Urban-Rural Development and other four departments jointly issued a new policy to stabilize the property market, which proposes to adjust the minimum down payment ratio and interest rate of housing commercial loans, the minimum down payment ratio for the first home is adjusted from 30% to 20%, and the lower limit of the interest rate for the first home loan with a term of more than 5 years is adjusted to 3.5%. But today, the A-share real estate sector has no performance, and the market is estimated to be dead, unless a bigger policy is introduced.

The Political Bureau of the Central Committee of the Communist Party of China (CPC) held a meeting on June 27 to study the issue of further deepening reform in an all-round way and promoting Chinese-style modernization. The meeting decided that the Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from 15 to 18 July.

Finally, a brief look at the market, as of the close, the Shanghai Composite Index fell by 0.90%, the ChiNext Index fell by 1.59%, the Hong Kong Hang Seng Index fell by 2.10%, and the Hang Seng Technology Index fell by 2.74%.

In terms of industries, only the banking sector rose, while basic chemicals, non-ferrous metals, commerce and retail, automobiles, pharmaceuticals and biology led the decline.

Looking at the northbound funds, only one day in the past thirteen trading days has been bought, with a net sale of more than 44.4 billion, and it is estimated that it is also sold today. It was originally a stock market, and foreign capital was still smashing the market every day, learning from the experience of January, if you want the stock market to reverse, you have to look at foreign capital.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently

View original image 34K

• 

• 

• 

• 

• 

•