Jumping up and down around 3200 points, it is not easy to consolidate the value center for 3 years
Today's news:
[The three major U.S. stock indexes collectively closed higher, and the Dow hit a new all-time closing high] The three major U.S. stock indexes collectively closed up overnight, with the Dow rising 0.79%, hitting a new all-time closing high; The S&P 500 rose 0.47% and the Nasdaq rose 0.28%. Most of the large technology stocks fell, Intel and Meta fell more than 1%, and Amazon, Google, Microsoft, Netflix and Apple fell slightly; Nvidia rose more than 3%, and Tesla rose slightly.
[The share of 10 CSI A500ETF surged by 50% on the 2nd day of listing, and Cathay Pacific led by 6 billion] Net inflow against the market, the overall share of 10 CSI A500ETF reached 29.9 billion on the second day of listing, an increase of 49.5% compared with 20 billion at the beginning of the listing, and the net value of the market pullback fell slightly, and the overall scale also reached 28.18 billion. The share and scale of the 10 CSI A500ETF have increased, and specifically, Cathay CSI A500ETF continued to lead the way, with a share of 5.995 billion shares, an increase of 2 times compared with the beginning of the listing. JPMorgan CSI A500ETF made efforts, with the latest share of 3.131 billion shares, an increase of 56.6% over the pre-listing period, chasing the second place; Invesco Great Wall CSI A500ETF followed with 2.981 billion shares. It is worth noting that in terms of shares, it took only 2 days for the Cathay CSI A500ETF to surpass the largest Ping An CSI A50 ETF, and there are still 43 funds tracking the CSI A500 Index pending approval in the market, which has become the most "volume" broad-based index this year. (Finance Associated Press)
Ni Hong, Minister of Housing and Urban-Rural Development, said at a press conference of the State Council Information Office on October 17 that China's real estate market has begun to bottom out after three years of continuous adjustment under the effect of a series of policies, and the relevant data in October will be positive and optimistic.
[A number of banks are actively reserving intended customers, and the implementation of special reloans for stock repurchase and increase is approaching] to help boost market confidence with "real money", and the repurchase and increase plan of A-share listed companies and related progress are continuing to be intensively disclosed. According to the data, as of press time, nearly 2,000 repurchase plans have been implemented since the beginning of this year, involving more than 1,400 companies, of which more than 340 companies have completed the repurchase amount of more than 100 million yuan. At the same time, while supporting the stable development of the capital market with practical actions and waiting for the issuance of business rules, many banks are also actively reserving intended customers and steadily promoting various preparations for the business of increasing the number of shares and increasing their loans.
As of October 16, the financing balance of the Shanghai Stock Exchange was 826.913 billion yuan, a decrease of 930 million yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 753.315 billion yuan, an increase of 2.622 billion yuan from the previous trading day, and the total of the two cities was 1580.228 billion yuan, an increase of 1.692 billion yuan from the previous trading day.
This morning, the market opened 18 points 3220 points higher, rushed up 3241 points, bottomed out 3193 points, and closed at 3205 points before noon. The Shanghai Composite 50 fell 0.27%, and the Shanghai Composite Index, CSI 300, Shenzhen Component Index, ChiNext, Science and Technology Innovation Board, CSI 500, and CSI 1000 rose 0.08%, 0.09%, 0.50%, 0.91%, 1.77%, 0.43%, and 0.94%. The ratio of individual stocks is 3181:1988, and the ratio of price limit is 127:4. The half-day turnover of the two cities was 902.2 billion, a decrease of 1.28 billion from the previous trading day.
Yesterday, in the case of a sharp drop in U.S. stocks overnight, A-shares withstood the pressure, and the market stubbornly turned red, closing on a new platform of 3,200 points for four consecutive days.
This morning, it opened 18 points 3220 points, and under the good expectations of the press conference in the morning, the market rushed up quickly, and rushed up 3241 points at 10.08 points. When it was found that the content of the press conference was not as expected, it dived to 3193 points, and it was still above 3200 points by noon.
People must have found that in the past week, the market has jumped up and down around the 3,200-point integer close, which has become the new normal. On the one hand, in the 15 months after the important meeting on July 24 last year, the market was at 3164-2635 points, rebounded to 3174 points, and then to 3200 points, and all the hedging disks were liberated, not to mention the high cash-outs at 3336-3674 points from 9.30 to 10.9. On the other hand, 3200 points is the value center position in the six years from 2018 to 2024, and a large number of hedge disks have accumulated in the 3200-3500 point shock box. Therefore, the pressure on the new platform of 3200 points to take profits and unhedge is enormous.
And from 3087 points on 9.27 to 3336 points on 9.30, there was a gap in the middle, and it went straight to 3674 points without fully changing hands at the 3200 point position. This is even heavier, and the 3,200-point new platform has repeatedly shaken and shuffled, fully changing hands, making the average holding cost of the entire market too high.
For investors, they should be prepared to be "patient capital" on the new platform of 3200 points. Only by laying a solid foundation on this platform can we expect to climb the two mountains of 3,458 points in 2020 and 3,578 points in 2018 in the future, but it will take time.
In the recent 3200-point platform consolidation wash, the main institutions use the four major ETFs to regulate the signs are very obvious, such as the leader Huatai Berry CSI 300 ETF, in the first half of the morning from 3.906 yuan to 3.960 yuan, the market index rose to 3241 points, and then when it fell from 3.960 yuan to 3.894 yuan, the market fell to 3193 points, and rose to 3.912 yuan before noon, the market immediately turned red. Since July last year, I have repeatedly reminded that the ETF is an excellent variety for people to invest in the medium term and make price differences, and the increase alone is from 3.20-4.66 yuan, with a maximum increase of 45.6%, and the income is very considerable.
At present, 10 CSI A500ETF fell sharply for 2 consecutive days after listing, falling below the face value and net value of 1 yuan, and this morning has stopped falling and stabilized. As long as people choose the two CSI A500ETF with the largest trading volume in the past three days, Cathay and Huatai Barry, and buy on dips, the future income will not be worse than that of the CSI 300 ETF, because its 50% weight covers new industrial growth stocks, and it has more stamina.
Although the real estate sector, which rose sharply yesterday, saw a pullback in the news today, the Minister of Housing and Urban-Rural Development still disclosed a lot of important information in the morning. If real estate has bottomed out, the October data will allow people to see positive results, and for example, bank loans to real estate companies on the white list will increase to 4 trillion. As long as the real estate companies with huge weights (accounting for 20%) stop falling and stabilize, then the economic stabilization will be guaranteed, and the stabilization and rebound of A-shares will be more stable.
The best gains in the past week are the new quality productivity sectors, especially semiconductors, chips, digital economy, computers, software, artificial intelligence, domestic substitution, Huawei concept, etc. For example, Yihualu, which reported a loss of 0.51 yuan in the third quarter, rose from 13.86 yuan to 33 yuan, an increase of more than 138%; Taiji shares from 13.85 yuan to 24.82 yuan, also nearly doubled. If there is a second wave, then tech growth stocks will not be absent and can take 3,674 points ahead of schedule. Although the index is dormant at 3,200 points, as long as the market value of the fund card can grow every day.
Afternoon attention: Can the market hold 3173 points? Can the close be above 3200 points, or 5 antennas above 3222 points? 3181:Can the situation of 1988 stocks rising more and falling less can be maintained and expanded? Can the trading volume exceed yesterday's 1.4 trillion?