The four major ETFs have become smashing tools, only 83 points from the 2635 low
Today's news:
[U.S. stocks opened higher and the three major indexes closed up more than 1%] U.S. stocks opened higher overnight, with the three major indexes closing up more than 1%, the Dow up 1.2%, the S&P 500 up 1.16%, and the Nasdaq up 1.16%. Most of the large technology stocks rose, Nvidia rose more than 3%, Amazon, Tesla rose more than 2%, Netflix, Microsoft rose more than 1%, Apple, Intel, Meta rose slightly; Google fell more than 1%.
[General Administration of Customs: In the first eight months of this year, the mainland's trade in goods exports were 16.45 trillion yuan, a year-on-year increase of 6.9%] According to data released by the General Administration of Customs, in the first eight months of 2024, the total import and export value of mainland trade in goods (the same below) was 28.58 trillion yuan, an increase of 6% year-on-year. Among them, exports were 16.45 trillion yuan, an increase of 6.9%; imports were 12.13 trillion yuan, an increase of 4.7 percent; The trade surplus was 4.32 trillion yuan, an increase of 13.6 percent.
[Shanghai SASAC: Coordinate the allocation of state-owned capital in a larger scope, deeper and wider fields to promote cross-group and cross-level strategic reorganization] He Qing, Secretary of the Party Committee and Director of Shanghai SASAC, published an article in Jiefang Daily "Focus on Core Competitiveness and Deepen the Reform of State-owned Assets and State-owned Enterprises". It is mentioned that we will coordinate the promotion of digital empowerment, equipment renewal, process upgrading, and management innovation, introduce green and low-carbon transformation action plans, accelerate the application of new technologies such as artificial intelligence and blockchain, and release application scenarios to the whole society on a regular basis to enhance the competitive advantage of traditional industries. Strengthen the "three measures", namely strategic reorganization, professional integration, and collaborative development. Coordinate the allocation of state-owned capital in a wider range, at a deeper level and in a wider range of fields, promote cross-group and cross-level strategic reorganization, implement "slimming and fitness" for some enterprises, and create a number of leading enterprises and chain owners to enhance their competitive advantages. Accelerate the professional integration of similar internal and external businesses of enterprises, optimize the allocation of resources in the producer service industry in key areas, give full play to the market value management and stock operation functions of platform companies, promote the revitalization of stock equity and assets and the disposal of inefficient and ineffective assets, continue to compress the enterprise hierarchy, and improve the efficiency of resource use. Promote the coordinated development of key areas such as culture, sports, tourism and exhibitions, and unleash new momentum and new advantages.
On Monday, the market fluctuated and diverged throughout the day, with the Shanghai Composite Index opening low and continuing to hit a new low, and the ChiNext Index bottoming out. On the disk, many high-level stocks dived, Shenzhen Huaqiang, and public transportation fell to the limit; Banks, coal and other heavyweight stocks have been adjusted; State-owned enterprise reform concept stocks and pharmaceutical stocks broke out against the trend; The concept of folding screen is active, and Tatfook Technology has a 20% daily limit. Recently, the A-share market has continued to be weak, the adjustment of major broad-based indices has increased, the market as a whole lacks a main line, and the strong sectors in the early stage have made up for the decline. Looking ahead, the agency believes that the market has shown more characteristics of the bottom, and confidence repair still needs more positive factors to support. (SSE News)
[Adjustment of Hong Kong Stock Connect Target: 33 stocks such as Alibaba will be transferred effective from September 10] The adjustment information shows that the transfer of Alibaba (09988. HK), Zhixing Automotive Technology (01274. HK), SF City (09699.HK) HK), Tea Baidao (02555. HK), Laopu Gold (06181. HK) and other 33 stocks, and transferred out Xiabu Xiabu (00520. HK), Powerlong Real Estate (01238.HK) HK), Shimao Group (00813. HK), Sino-Ocean Group (03377. HK) and 33 other stocks.
[High-level stocks continue to ebb and flow, Kesen Technology and other multi-share bidding limit] High-level stocks continued to fall at the opening, and Kesen Technology, Volkswagen Transportation, King Long Automobile, Weishi Electronics, Haoshanghao, Xinya Process and other multi-share bidding fell to the limit.
As of September 9, the financing balance of the Shanghai Stock Exchange was 725.751 billion yuan, an increase of 359 million yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 649.129 billion yuan, an increase of 127 million yuan from the previous trading day, and the total of the two cities was 1,374.88 billion yuan, an increase of 486 million yuan from the previous trading day.
This morning, the market opened 1:2737 points higher, rushed up 2,742 points, bottomed out 2,718 points, and closed at 2,722 points before noon. SSE 50, CSI 300, SSE Index, Shenzhen Component Index, ChiNext, STAR Market, CSI 500 and CSI 1000 fell 0.16%, 0.52%, 0.53%, 0.96%, 0.88%, 0.80%, 1.49% and 1.54%. The ratio of individual stocks is 706:4485, and the ratio of price limit is 33:18. The half-day turnover of the two cities was 304 billion, a decrease of 34.8 billion from the previous trading day.
Yesterday, most of the time, the four major ETFs smashed the market, falling below 2730 points in the intraday to 2726 points, and narrowly held 2730 points at the end of the session. This morning, the four major ETFs opened sharply higher and then smashed again, causing the market to hit a new low of 2,718 points, only 83 points from the low of 2,635 points on February 5.
It can be seen that since the market fell below the starting point of 2,829 points for the new village chief, when people were counting on the national team to protect the disk again, the national team ignored the 570 billion quilt and adopted the strategy of going down, smashing the CSI 300 ETF and the SSE 50 ETF with a backhand, making the market hit a new low, which is a bit unbreakable.
Although the big four bank stocks have rebounded by more than 2% this morning when they fell to half of the rebound this year. However, stocks that have risen significantly in recent years, such as Kesen Technology, Shenzhen Huaqiang, Volkswagen Transportation, King Long Automobile, Weishi Electronics, Haoshanghao, Xinya Process, etc., have fallen to the limit, driving the decline of theme stocks. At the same time, at the end of last week, the China Securities Regulatory Commission filed an investigation into 5 illegal companies, and it also fell for 2 consecutive days, so that there was no resistance to many parties on the market, and only 700 shares rose. The half-day trading volume has shrunk to about 300 billion, and according to this, the full-day trading volume will be below 500 billion today.
The market is very severe, if the afternoon close can not regain 2730 points, the 2700 integer is more likely to fall below, the market will retry the 2635 double bottom, to see if the new village chief claims that "when the market value fails, the government should act decisively" will be repeated.
For investors, it is necessary to be cautious in the current position, there are many stocks that have been stubbornly resisting and going against the trend, and choosing to lie flat is the best strategy, and you can pay close attention to the changes in the policy and market, and then move with the camera. Today, the director of the Shanghai State-owned Assets Supervision and Administration Commission issued a document saying that "focus on core competitiveness and deepen the reform of state-owned assets and state-owned enterprises", and it is expected that there will be substantial actions in the reform of Shanghai's state-owned assets, which is worth paying attention to.
Afternoon attention: Can the market close above 2730 points? Can the big four ETFs fight back? 706:4485 The disparity between individual stocks falling more and rising less can the situation be improved? Can the trading volume be more than 500 billion?