Market Overview
A shares
On July 15, the Shanghai and Shenzhen stock markets continued to fall in the afternoon. As of the close, the Shanghai Composite Index fell 1.64% to 3228.06, and the Shenzhen Stock Exchange Component Index fell 1.52% to 12411.01, GEM index fell 2.08% reported at 2760.50, Kechuang 50 fell 0.42% to 1072.26.
This week, the four major A-share indexes are all in adjustment. Among them, the Shanghai Composite Index html has a 2-week decline of 3.81%, the Shenzhen Component Index html has a 2-week decline of 3.47%, the GEM Index has a 2-week decline of 2.03%, and the Kechuang 50html has a 2-week decline. 2.88%.
Hong Kong stocks
On July 15, Hong Kong stock markets opened lower and moved lower. As of the close, the Hang Seng Index fell 2.19% to 20297.72, and the Hang Seng Technology Index fell 3.22% to 4440.11 , the Hang Seng China Enterprises Index fell 2.36% to 6958.02 .
this week, the Hang Seng Index html fell 6.57% in 2 weeks, the Hang Seng Technology Index html fell 7.66% in 2 weeks, the Hang Seng State-owned Enterprises Index html fell 7.86% in 2 weeks.
U.S. stocks
On July 15, , the U.S. stock market closed up across the board. As of the close, the Dow Jones index rose 2.15% to 31288.26, the S&P 500 index rose 1.92% to 3863. 16, The Nasdaq Composite Index rose 1.79% reported 11452.42, and the China Internet Index ETF (KWEB) fell 0.92%.
this week, the Dow Jones Index html fell 0.16% in 2 weeks, the S&P 500 Index html fell 0.93% in 2 weeks, the Nasdaq Composite Index html fell 1.57% in 2 weeks, and the China Internet Index ETF (KWEB) html fell 9.12% in 2 weeks. %.
Transaction overview
On July 15, 1,010 stocks in the Shanghai and Shenzhen stock markets rose, 3,779 stocks fell, and 37 stocks remained unchanged. The transaction amount was approximately 1.09 trillion yuan, an increase of approximately 60.5 billion yuan compared with the previous trading day. The total market value of is about 81.63 trillion yuan, which is a decrease of about 1.24 trillion yuan compared with the previous trading day. The circulating market value of is about 67.91 trillion yuan, which is a decrease of about 1.1331 trillion yuan compared with the previous trading day.
On that day, the turnover rate of Shanghai and Shenzhen stock markets was 1.34%, and the circulation turnover rate was 1.61%.
market valuation
A-share market valuation
July 15th
A-share market five-year median PE, median PB, equal-weighted PE, equal-weighted PB percentiles are 51%, 48%, respectively. 45%, 45%.
The ten-year median PE, median PB, equal-weighted PE, and equal-weighted PB of the A-share market are 35%, 35%, 27%, and 25% respectively.
A conservative estimate is that the current A-share market valuation percentile is 50%.
Currently, the median PE valuation of the A-share market is 41.47, the three-year average is 43.49, the five-year average is 42.13, the ten-year average is 51.33, and the historical average is 50.60.
is temporarily below all the moving averages mentioned above.
The valuation of major broad-based indexes
The current valuation percentile of the Science and Technology Innovation 50 Index is at a low level. However, due to the short time since the index was released and listed, there is insufficient historical data, so please refer to it with caution.
Major industry index valuations
As can be seen from the figure, when all index valuations are close to each other and tend to converge, the market is basically at a low level, which is the best entry point for long-term investors.
Shanghai-Shenzhen-Hong Kong Stock Connect
Top ten actively traded stocks
Net buying of northbound funds (more than 200 million yuan)
Guodian Nari .485 billion yuan, BYD .438 billion yuan, Sany Heavy Industry .346 billion yuan , CATL .307 billion, TCL Zhonghuan 339 million yuan, Tongwei Co., Ltd. .215 billion.
Net sales of northbound funds (more than 200 million yuan)
China Merchants Bank 1.098 billion, Sungrow .590 billion, Industrial Bank .507 billion, Yangtze Power .394 billion, China Ping An html has 3.289 billion yuan, China Duty Free has 239 million yuan, and Kweichow Moutai html has 3.220 billion yuan.
Net purchases of southbound funds (more than 200 million yuan)
Tencent Holdings 689 million Hong Kong dollars, BYD shares .67 billion Hong Kong dollars, Hang Seng China Enterprises 324 million Hong Kong dollars, GCL Technology 212 million Hong Kong dollars
Net sales of southbound funds ( More than 200 million yuan)
WuXi Biologics 243 million Hong Kong dollars.
Capital flow
On July 15, northbound funds had a net sale of 8.931 billion yuan. was net sold for 5 consecutive days this week, and sold a total of more than 22 billion yuan .
On July 15, southbound funds made a net purchase of 1.743 billion yuan. In the last four days of this week, they continued to make net purchases, and bought more than 2.4 billion yuan in total.
Margin financing and securities lending
As of July 14,
the financing balance of the two cities totaled 1.526426 billion yuan, an increase of approximately 1.791 billion yuan from the previous trading day.
The total amount of financing purchases in the two cities was 73.202 billion yuan, an increase of approximately 6.778 billion yuan compared with the previous trading day, and an increase of 10.20% compared with the previous trading day.
Ten-year Treasury Bond
html On July 15, the ten-year Treasury bond yield was 2.79%, the PE of the ten-year Treasury bond was 35.90, the equal-weighted PE of the entire market was 28.89, and the median PE of the entire market was 41.47.
others
On July 15, the central bank launched a 100 billion yuan 1-year MLF operation and a 3 billion yuan 7-day open market reverse repo operation. The winning interest rates were 2.85% and 2.10% respectively, which were the same as last time. In addition, 3 billion yuan of reverse repurchase and 100 billion yuan of MLF expired today, and was fully hedged with on that day.
The central parity rate of RMB against the US dollar was reported at 6.7503, with an adjusted depreciation of 238 basis points. This week, the cumulative adjusted depreciation was 405 basis points.
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• Index Investment Station Introduction
• Index Investment Station Data Description
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