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Less worry about stock trading
The "cow" that ran wildly finally ushered in the "turn back".
Today is the first day for new investors to enter the market. According to ChinaClear's arrangement, new securities accounts submitted between October 1 (Tuesday) and October 8 (Tuesday) will be available for trading from October 9 (Wednesday).
However, A-shares did not perform well. The three major A-share indexes collectively opened lower in early trading, with the Shanghai Composite Index falling 1.79%, the Shenzhen Component Index falling 2.92%, and the ChiNext Index falling 4.84%.
Since then, the market has fluctuated violently, and the Shanghai Composite Index once fell below 3,300 points, closing down more than 5% in the morning; The ChiNext index fell more than 7%. The performance of the Science and Technology Innovation Board was relatively resistant, and the Science and Technology Innovation 50 Index once rose by more than 4%, hitting a new high in this round of rebound.
On the disk, all the primary industries of Shenwan fell, the beauty care index fell by more than 10%, and the media, power equipment, real estate and other sector indices fell by more than 8%.
In terms of individual stocks, nearly 1,300 shares fell by more than 10% or fell to the limit, but popular stocks continued to rise high, and Oriental Wealth, the leading brokerage stock, hit a record high; Semiconductor leader SMIC also continued to soar.
Market participants believe that there are three main reasons for the adjustment of A-shares: first, the short-term increase is large, and it is necessary to digest profits; Second, there has been a significant increase in the number of cases of recent reductions, which has had an impact on investor sentiment; Third, the Fed's rate cuts have weakened. Looking ahead, institutions generally believe that the bottom has been relatively solid, and the market is expected to rise further after the shock is digested.
Orient Fortune shares hit an all-time high
The half-day transaction exceeded 60 billion yuan
"Popular King" Oriental Fortune fluctuated sharply in early trading, the transaction volume was greatly increased, the stock price fell from more than 7%, to the morning close rose more than 7%, the stock price hit a record high, in less than half an hour, the Oriental Wealth turnover reached 35 billion yuan (note: the stock traded more than 33 billion yuan yesterday, is the highest turnover of the day), the morning turnover exceeded 60 billion yuan, reaching 60.5 billion yuan, is the only half-day transaction of more than 60 billion yuan in the history of A shares.
Historically, there have been 26 times when the turnover of a single stock in A-shares has exceeded 30 billion yuan, and the historical turnover of PetroChina and Ping An has exceeded 60 billion yuan. Another major brokerage leader, CITIC Securities, also soared, with a turnover of more than 30 billion yuan in the morning, an increase of more than 4%, and the intraday stock price hit a record high.
Real estate stocks fell to the limit
The STAR 50 Index hit a new high
On the one hand, it is driven by Hong Kong stocks, and on the other hand, the active trading of the stock market is substantially good for its fundamentals, such as the brokerage business is expected to skyrocket, and the profit of proprietary business will also rise. Yesterday, Xinhua Insurance's third quarterly report increased sharply, because the company moderately increased its investment in equity assets in the first three quarters and increased the allocation ratio of equity assets; At the same time, it strengthens the quality management of insurance liabilities and optimizes the business structure.
In addition to brokerage stocks, the second pole of this round of market is technology stocks led by semiconductors, the Science and Technology Innovation 50 Index rose more than 4% in early trading this morning, hitting a new high in this round of rebound, and the leading SMIC A shares once rose more than 18%.
Another variety of real estate sectors that led the rise in the early stage fell to the limit, with the closing sector index falling more than 8% in the morning, and the four major real estate leaders of Zhaobao Wanjin all fell to the limit.
What do institutions think?
Huaan Securities believes that the short-term market still has upward momentum, and the accompanying volatility is expected to increase. Medium-term demand for fundamental certainty will further open up time and space for the market. The essence of this round of market lies in the valuation repair brought about by the extremely suppressed economic pessimistic expectations and sluggish confidence in the past two or three years. The short-term market repair space depends on the sustainability of market confidence, and the relay of the medium-term market requires a substantial improvement in economic fundamentals, which will bring stronger confidence to the market and help stabilize and achieve long-term success.
Dongxing Securities believes that in the first stage of the short market, the general rise is the main market, the selection of 20% of the growth of the gem and the science and technology innovation board is more efficient, quickly push up the position, taking into account the fundamental attributes, because the first stage of the short market has come to an end, it is recommended to try to choose the market heat of the high level of the innovation and innovation sentiment leading stocks, or the main board fundamentals are more solid stocks, in order to prevent the index into the second stage of the shock stage of the risk of a large drawdown, for the fundamentals are more general, And the recognition strength of market funds is not high, and individual stocks can reduce their positions at high prices. Entering the second stage of the shock market, the early stage of big financial real estate has been basically completed, and the position can gradually shift to the direction of rotation of technology stocks, track stocks, and cyclical stocks. The agency is particularly optimistic about the performance of technology stocks in the second and third stages of the bull market, with greater performance elasticity and industry imagination, and the recommended direction: Huawei Hongmeng, Xinchuang, autonomous driving, robots, semiconductors, AI, track stocks have a low valuation, and the early decline is larger, the chips are relatively clean, and lithium batteries and consumer goods are recommended.
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