On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found
National Business Daily
2024-06-28 15:32The official account of National Business Daily
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On June 28, the last trading day of the first half of the year, the Shanghai Composite Index rose 0.73%, the Shenzhen Component Index fell 0.01%, and the ChiNext Index fell 1.16%.
02 The consumer electronics sector performed strongly throughout the day, and the top stocks strengthened their dominance in the afternoon.
03However, the brokerage stock took an unexpected dive in the afternoon, which may be related to the rumored brokerage to start self-checking the family house account and the overlap of the employee's mobile phone IP.
04 In addition, the market volume decreased significantly in the afternoon, and some sectors fell more.
05 Overall, despite the large intraday fluctuations in the market, there were still more than 3,000 shares that closed up, and the market officially ended in the first half of the year.
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Every reporter: Xiao Ruidong Every editor: Zhao Yun
On June 28, the market fluctuated widely throughout the day, and the trend diverged significantly in the afternoon, and the GEM index fell significantly due to the weight. At the close, the Shanghai Composite Index rose 0.73%, the Shenzhen Component Index fell 0.01%, and the ChiNext Index fell 1.16%.
In terms of plates, consumer electronics shined, and the Chinese word strengthened its dominance in the afternoon. On the falling side, the stock trading software sector dived and affected brokerage stocks.
There are still more than 3,000 shares in the whole market, and the turnover of all A shares today is 705.92 billion yuan, which is also the only trading day of more than 700 billion yuan this week.
After today's closing, the A-share market in the first half of the year officially ended.
"Laughing in the morning, crying in the afternoon", I don't know if it's you?
If you only look at the Shanghai Composite Index in early trading, you are likely to think that the market is stronger today than on Wednesday, after all, the volume broke through the 5-day line and rushed to around 3,000 points.
In fact, judging from the all-A index, the market rebound today is still slightly weaker than Wednesday's.
Not to mention, the main indices fell back in the afternoon, and even turned green.
We don't have to be overly entangled in the intraday market, but there are still more than 3,000 stocks that closed up. Besides, today is the first time that the three major stock indexes have tried to break through the 5-day line to suppress, and the decline shows that the selling pressure objectively exists.
In short, let's review and see how many people's "intraday wealth" is formed today.
In the morning, a hundred flowers bloomed, and consumer electronics were the strongest
Yesterday, A-shares fell across the board, but this morning, without much good news, they soared across the board - when the whole market rose the most, it exceeded 4,600.
The direct reason is that half an hour before the opening, the market formed a strong upward force.
The data shows that from 9:30~10:00, from SSE 50, CSI 300, to CSI 500, CSI 1000, and CSI 2000, many broad-based ETFs have significant volume.
When it comes to broad-based ETFs, it's easy to think of the "national team". Statistics show that in the previous 5 trading days, the investment style of funds borrowing stock ETF investment tools was "buy more and buy more when it falls, and buy big down".
With large funds to set the tone, other funds in the market also tacitly made efforts, so the index once rose unilaterally.
During the same period, the offshore renminbi exchange rate also rebounded, rising from 7.305 to 7.296.
In this period of "a hundred flowers blooming", copper high-speed connection, consumer electronics, PCB concept and military industry and other sectors are the most active, and the concept of consumer electronics has become the main force of substantial growth due to its wide coverage and large volume.
What these sectors have in common is that they have gathered a lot of sentiment in the early stage and have seen a significant pullback recently.
On the news side, recently, Apple's WWDC launched Apple Intelligence and cooperated with GPT-4o to create an AI ecosystem. In addition, the Huawei Developer Conference was held from June 21 to 23, and Hongmeng and Pangu made their joint appearance for the first time. At the conference, Huawei officially announced the developer beta program for HarmonyOS NEXT, as well as the latest technological innovations such as Pangu Model 5.0 and Ascend AI Cloud Service. Moreover, a number of major chip manufacturers have shown their AI ambitions, the speed of product updates has been significantly improved, and terminal manufacturers have deployed self-developed chips.
The agency believes that looking forward to the second half of 2024, the marginal positive trend of the company's headphones, XR and other businesses is determined, the profitability repair will continue to be released, and the company may usher in a performance + valuation double-click market.
In the afternoon, the "Chinese word" exerted force, and brokerage stocks unexpectedly dived
It would be nice if the closing time of the whole day today was 11:30 a.m., so that you don't have to face the pullback and turn green in the afternoon.
In fact, with the exception of the Shanghai Composite Index, other major indices have not risen much since 11 points.
Why? What can be seen on the board is:
1) The "national team" rested in the afternoon, and the trading volume decreased significantly;
2) Some sectors fell more.
For example, the brokerage sector, which has a greater impact on the index, dived in the afternoon.
For example, the decline of Oriental Wealth is particularly abrupt, which constitutes a strong suppression of the GEM index. The staff of Oriental Fortune responded to the media and said, "The company's operation and management are normal."
In addition, Everbright Securities and Capital Securities also dived significantly after 2 p.m.
In the intraday, a news that "the brokerage company started to self-check the account of the family house and the IP of the employee's mobile phone" circulated, but there was no empirical evidence; In addition, there is speculation that the diving of brokerages is related to the new regulations on commission rates and the salary limit (refund) in the financial industry.
But as netizens said in the picture below, these reasons are "very far-fetched".
On the other hand, the AI application side, which was already in a state of correction in the morning, fell back in the afternoon as the market sentiment turned cold, forming a general decline regardless of the size of the ticket.
However, the heavyweight stocks, which are dominated by Chinese characters, were not greatly affected in the afternoon, and "took care of themselves" to support the Shanghai Composite Index. For example, China Mobile, PetroChina, CNOOC, China Shenhua, Sinopec, China Telecom, etc., the increase is not small.
Industrial Securities said that the leading style of the large market will still be an important source of excess returns.
First of all, from the perspective of risk appetite, the world has entered an era of high-probability investment. The A-share market has undergone adjustments in the past few years, as well as the current capital market environment has reshaped the investment philosophy, and the consensus on high-win assets and high-quality leaders has been condensed.
Secondly, from the perspective of profitability, the leading advantage will continue. At present, the bottom of the economy has gradually become clear, but the path of economic recovery may be relatively modest. In this context, the large-cap leader, as a benchmark with competitive advantages in various industries, may continue to generate excess returns in the coming stage.
Finally, from the perspective of capital, the reshaping of the consensus of the market leader and core assets has just begun. In the current capital market environment, on the one hand, ETFs and insurance funds have become an important source of incremental funds in the market, and on the other hand, the speculation of small-cap stocks and "shell value" has been suppressed, jointly promoting the market to focus on the market leader, and high-probability investment is gradually becoming the consensus of all funds in the whole market.
National Business Daily
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On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found -
On the last trading day of the first half of the year, the reason for the afternoon dive of A-shares was found