On the 8th, the A-share market ushered in the first trading day after the National Day holiday, and in just 20 minutes after the opening, the turnover of the Shanghai and Shenzhen markets has exceeded the 1 trillion yuan mark, refreshing the record of the fastest trillion turnover in history set on September 30. After the end of the day's trading, the total turnover of the Shanghai and Shenzhen stock exchanges reached 3,451.9 billion yuan, a surge of 858.8 billion yuan from the previous trading day. Industry insiders said that with the recent continuous rise in the turnover of the A-share market, the post-85 and post-90s groups have become the main force in opening new investment accounts, and the participation of the post-00s group is also quietly rising, and young people's enthusiasm for stock market investment is rising.
More than 5,000 stocks rose on the first day of trading
Yesterday, the three major stock indexes in the A-share market opened higher, with the Shanghai Composite Index rising by more than 10%, the Shenzhen Component Index rising by more than 12%, and the Innovation Index rising by more than 18%. Although the two markets fell back in early trading, and the Shanghai Composite Index rose to about 1.2%, the two markets returned to the upward trend before noon. In the afternoon, the two markets maintained a high-level shock trend, and the late gains expanded slightly.
From the perspective of the disk, large financial stocks remained strong, brokerage stocks led the rise, and 48 brokerage stocks rose across the board; Fintech stocks continued to strengthen, with many stocks such as Fortune Trend, Straight Flush, Vertex Software, and Huijin Technology rising to the limit. The semiconductor sector opened sharply, with more than 200 shares including SMIC, VeriSilicon, Taiji, Zhuosheng Micro, and Shanghai Silicon Industry up and down. Hongmeng concept stocks fluctuated higher, and hundreds of stocks such as Farben Information, Tianyuan Dike, ArcherMind Technology, and iSoftStone rose to the limit. Computing power concept stocks fluctuated and strengthened, and many stocks such as New Yisheng, Cambrian, Anoqi, and Industrial Fortune Union rose to the limit. On the whole, stocks rose more and fell less, with more than 5,000 stocks rising. In terms of sectors, semiconductors, software development, memory chips, data security and other sectors were among the top gainers, while a few sectors such as tourism fell. At the close, the Shanghai Composite Index rose 4.59 percent to 3,489.78 points, the STAR 50 Index rose 17.38 percent to 1,023.97 points, the Shenzhen Component Index rose 9.17 percent to 11,495.1 points, and the ChiNext Index rose 17.25 percent to 2,550.28 points.
According to Wind statistics, a total of 5,024 stocks rose in the two cities and the Beijing Stock Exchange, 291 stocks fell, and 34 stocks were flat. The total turnover of the Shanghai and Shenzhen stock exchanges hit a new high of 3,451.9 billion yuan, an increase of 858.8 billion yuan from 2,593.1 billion yuan in the previous trading day. Among them, the Shanghai market turnover was 1,510.5 billion yuan, an increase of 342.7 billion yuan from the previous trading day's 1,167.8 billion yuan, and the Shenzhen market turnover was 1,941.4 billion yuan.
It is worth mentioning that only 20 minutes after the opening of the market yesterday, the turnover of the Shanghai and Shenzhen markets has exceeded one trillion yuan, and it has exceeded 2 trillion yuan in 71 minutes. Just 10 minutes after the resumption of trading in the afternoon, the turnover of the two cities exceeded 2.6 trillion yuan, refreshing the previous record of 2,593.1 billion yuan set on September 30.
National Day holiday investors "running into the market"
During the National Day holiday, although the A-share market was suspended, it ushered in a wave of investors "running to enter" the account opening boom. The staff of the wealth management and online finance department of a number of securities companies in the island city told reporters, "Although the stock market was closed on the first day of the long holiday, the number of online account openings increased compared with September 30, which undoubtedly reflects the high enthusiasm and expectation of investors for entering the stock market." ”
In the interview, the reporter learned that in order to cope with this surging wave of account opening, many securities companies have taken precautions and taken positive countermeasures. They not only increased the number of personnel, but also arranged overtime review, and strive to meet the needs of the majority of investors efficiently and accurately in the shortest possible time, and ensure the smooth progress of the pre-examination of account opening. Unlike in the past, investors who had to go to the brokerage business department to go through the cumbersome account opening procedures, now more and more investors tend to choose a more convenient and efficient way to open an account online.
"There is also a queue for online account opening, and our customer service department is working overtime to provide full service." Manager Qin, an investment consultant of a securities company in Qingdao, told reporters. The reporter saw on the online account opening platform displayed by Manager Qin that investors only need to fill in relevant information and upload ID card and other ID photos to complete the account opening application. Due to the surge in account opening applications, there have also been queues for online account opening. To this end, many brokerages have increased the staffing of customer service departments, striving to achieve all-weather coverage of online account opening services to ensure that every investor can enjoy a convenient and efficient account opening experience.
In order to cope with the large number of account opening applications, China Securities Depository and Clearing Corporation Limited ended its vacation early. "Since October 6, the company has opened the unified account platform and identity information verification system and other channel permissions in advance to fully support the online account opening review work." Manager Qin explained that these services were originally scheduled to open on October 7, but in order to meet investor demand, the formula decided to open a day earlier. However, Manager Qin reminded that the registration process for newly applied securities accounts can only be completed on October 8, and investors can officially trade stocks on October 9.
In addition, with the influx of new investors, the trading volume of the market continues to climb. Major brokerages began to launch a variety of preferential activities to attract new customers to open accounts, such as opening an account to give gifts, providing low commission discounts, etc., and even some brokerages in order to seize the market, launched a zero-commission policy, which further stimulated the account opening boom.
Post-00 account opening and entering the market shows a growth trend
At about 9 o'clock yesterday, in the business department of a securities company on Tailiu Road, Shibei District, the reporter met Ms. Yang, a citizen who came to open an account for the two financial institutions. She told reporters: "The recent market is good, and I have a lot of earnings on the stocks in hand, so I want to take advantage of this opportunity to make some more money, and my family and friends are also very optimistic about this wave of market." ”
According to reports, the two financial accounts, namely margin and securities lending accounts, are special accounts set up by investors in securities companies, allowing margin transactions and securities lending transactions. Financing means that investors borrow money from securities firms with guarantees, and repay the principal and interest when due; Securities borrowing and lending is to borrow securities and sell them to buy them back and pay the fees. The opening conditions include: at least 6 months of trading experience, and the average daily securities assets (including stocks, bonds, funds, cash, etc.) in the 20 trading days before the opening shall not be less than RMB 500,000.
"At present, the post-85s and post-90s groups have become the main force in opening new accounts in the A-share market, and the participation of the post-00s has also shown an increasing trend." Manager Qin said that from the perspective of age distribution, as of October 1, young investors under the age of 25 accounted for about 20% of the new account opening group, 25 to 35 years old young people accounted for 30%, 36 to 50 years old middle-aged investors accounted for 40%, and investors over 50 years old also accounted for 10%.
During the National Day holiday, 24-year-old He Songwen submitted an application for opening an account online, and she will be able to enter the market on October 9. He Songwen has selected her favorite stocks in advance, prepared more than 30,000 yuan of funds, and plans to enter the market on the 9th. He Songwen told reporters that before the National Day, her colleagues were all discussing the stock market, and she couldn't help but open an account. He Songwen also revealed that 10,000 yuan of the stock speculation funds she prepared were red envelopes given by her father. "I'm now gradually building my portfolio and hope to realize my dream of wealth growth in the stock market." He Songwen said.
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Although the market is "bullish", it still needs to be observed
Does the enthusiasm for investing mean that the market is overheating and adjusting for risk? China Merchants Securities Research Report pointed out that looking forward to October, with the index rising sharply in September confirming the medium-term low, the overall upward trend of the market in the future will be dominant. Since this round of market is largely related to policy force, whether the policy strength in October can exceed expectations will become the key to the subsequent market upward height.
Goldman Sachs' latest research report brings a new perspective to the market. In its latest research report released on October 7, it adjusted Hong Kong stocks to overweight and shifted its strategic preference from Hong Kong stocks to A-shares, while upgrading the insurance theme to overweight. For the outlook for the market, Goldman Sachs expects that China's stock market still has the potential for further gains, with an expected increase of 15% to 20%.
Manager Qin put forward his own views when analyzing the market situation: "From the experience of 2015, 2019 and 2020, after the market sentiment enters the euphoric zone, the stock market often has a process of continuing to rise in the short term. Since then, as the market sentiment has fallen, there may be a certain adjustment in the stock market, but the correction does not mean that the bull market is over. Manager Qin reminded investors: "Overall, the current A-share market is performing positively, and market sentiment is gradually recovering, but investors still need to pay attention to the uncertainty caused by short-term fluctuations and macroeconomic changes." ”
This edition is written by Guanhai News/Qingdao Morning Post reporter Zou Zhonghao