China-Singapore Jingwei, July 14th: On July 14, the three major A-share indexes closed with mixed gains and losses. Shanghai Composite Index fell 0.08% to 3281.74 points; Shenzhen Component Index rose 0.75% to 12602.78 points; GEM Index rose 2.63% to 2819.13 points.
screenshot source: Wind
On the market, two-wheeled vehicles, new metal materials, shared bicycles and other sectors led the gains in the two cities. Sectors such as road and rail transportation, leasing and selling rights, and Fujian Free Trade Zone were among the top decliners.
As of the close, the rise and fall ratio of all stocks traded in the Shanghai and Shenzhen stock markets was 2601:2087, with 78 stocks trading at the daily limit in the two cities and 215 stocks trading at the trading limit.
In terms of northbound funds, the net inflow of northbound funds exceeded 1.3 billion yuan throughout the day, of which the outflow of Shanghai Stock Connect exceeded 3.2 billion yuan, and the inflow of Shenzhen Stock Connect exceeded 3.2 billion yuan. In terms of
stocks, today’s daily limit stocks are as follows: Zhongtong Bus (10.00%), Shanxi Luqiao (9.97%), Sifang Shares (9.98%), Baichuan Shares (10.03%), and Sichuan Power (9.99%).
The stocks with the lowest limit are as follows: Hunan Development (-10.01%), Tianxin Pharmaceutical (-10.00%), Shengshi Technology (-10.00%), Fucheng Shares (-9.96%), Yuanwang Valley (- 10.00%). The top five stocks with
turnover rates are: Zhongke Environmental Protection, Jiusheng Electric, Ruide Intelligent, Jiangsu Huachen, and Wuzhou Medical, with rates of 54.776%, 48.801%, 46.496%, 46.058%, and 44.204% respectively.
Wanlian Securities pointed out that the news of the suspension of construction and the suspension of loans for unfinished properties has partially affected the performance of banks. Subsequent policies may be continuously introduced to stabilize market sentiment and promote the guarantee of housing delivery. The shortage of stocks will not bring systemic financial risks.
AVIC Securities said that amid the global economic downturn and China's economic fundamentals continuing to improve, the A-share market has long-term appeal. However, in the short term, aggressive overseas interest rate hikes do not support the continued easing of domestic monetary policy. In addition, the current domestic economy is still in a weak recovery stage, and the macro fundamentals are not enough to support the continued sharp rebound of A shares. Considering that the expectation of domestic fundamental recovery has been reflected in this round of rebound, the short-term A-share market may be dominated by shocks. (China-Singapore Jingwei APP)
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