Jimu News Reporter Xu Wei
bid farewell to the National Day holiday, A shares ushered in the first trading day of October today, the expected "good start" did not come, and the index further fluctuated and sorted out. From the market perspective, the three major indexes continued to consolidate, among which the Shanghai Composite Index closed at 2974 points, down 1.66%, the Shenzhen Component Index fell 2.38%, and the ChiNext Index fell 2.3%. Market transaction volume continues to shrink, and most industry sectors continue to adjust. Looking back at the third quarter, the three major A-share indexes, html , all had three consecutive negative lines, and the Shanghai Composite Index fell 11.01%. With the bottom not yet discovered, investors are inevitably a little anxious. Looking ahead to the fourth quarter, how should investors grasp the market rhythm? Jimu News reporters conducted multiple visits for investors' reference.
"Soy sauce Mao" market value evaporated by more than 30 billion
Today's focus stock is Haitian Flavor Industry. Affected by the "double standard" storm of food additives, Haitian Flavor Industry's "No. 1 soy sauce" fell sharply at the opening , and fell by more than 9% to the close, with a market value evaporating about 35.867 billion yuan in a single day. It is worth mentioning that the stock price of Qianhe Flavor Industry in the same industry hit the daily limit, reaching 16.59 yuan, an increase of 10.01%.
In the secondary market, Haitian Flavor Industry was once a big bull stock. Since its listing, the cumulative increase in the stock price once reached nearly 20 times, and its market value was close to 700 billion yuan at its highest. However, since mid-January 2021, the company's stock price has begun a long adjustment, with a cumulative decline of 44%.
During the long holiday, Haitian Flavor Industry, with a market value of more than 380 billion yuan, fell into the "double standard" storm of additives. Several short video accounts revealed that Haitian soy sauce ingredients sold by Haitian Flavor Industry abroad do not have additives on the ingredients list, only natural raw materials such as water, soybeans, wheat, salt, etc., and in addition to natural raw materials, there are also many additives sold in China.
On the evening of October 9, Haitian Flavor Industry responded to the "double standard" storm of food additives for the third time. The announcement stated that Haitian Flavor Industry products are sold to more than 80 countries and regions around the world. Whether in the domestic market or international market, the company has high, medium and low grade products, and sells products containing food additives and products without food additives.
Before the announcement was released, Haitian Flavor Industry publicly responded to questions on the Internet twice. However, after the above response was released, the public popularity of Haitian Flavor Industry has remained unabated.
While Haitian Flavor Industry's stock price fell sharply, Qianhe Flavor Industry became the beneficiary of this storm. The daily limit was hit at the opening today. As of the closing of the day, Qianhe Flavor Industry still maintained its daily limit, with a daily limit of 16.59 yuan per share, with a total market value of 15.9 billion yuan. It is understood that Qianhe Flavor Industry specializes in the research, development, production and sales of high-quality soy sauce, vinegar, cooking wine and other condiments. Among them, the Zero Additive series products have always been the products mainly promoted by Qianhewei Industry.
The three major indexes closed down collectively
A shares continued to adjust after the holiday
Today's Shanghai Composite Index closed at 2974 points. Wind statistics show that 833 companies in the two markets rose and 3977 companies fell. In terms of the
sector, semiconductors led the decline in the two markets, with nearly 10 stocks including Huahai Qingke, Tuojing Technology, China Micro Company , Lanqi Technology, Xinyuan Micro, and nearly 10 stocks, , , fell by more than 10%. The price of pork increased, coupled with the raging epidemic of avian influenza in Europe and the United States, the breeding sector exploded, the agriculture, forestry, animal husbandry and fishery sector led the rise in the two markets, Yisheng shares , Huatong shares and other markets hit the daily limit, Lihua shares , and superstar agriculture and animal husbandry rose by more than 8%.
Looking back at the market performance of A-shares around the National Day in the past 10 years, it can be found that the market often shrinks in trading volume before the holiday, and the probability of a good start after the golden week is as high as 80%, but the performance of A-shares today is somewhat surprising. Wen Jing, senior product manager of Noah Wealth , analyzed in an interview with Jimu News that the continued adjustment trend of the market is related to the complex international situation on the one hand, and on the other hand, it is also related to the emotions of investors.
Huaan Securities also stated that overseas stock markets basically closed slightly during the National Day holiday, but at the same time, they also saw severe market fluctuations, with big ups and downs in the first and second half of the week, all due to economic data disturbing the changes in the market's expectations of the Federal Reserve's interest rate hike. Therefore, the boosting effect of on the risk preference of A-shares is relatively limited. More importantly, you must wait until the situation is clear before you have a clearer chance.
Haitian Flavor Industry fell by more than 9%
The adjustment range is limited. There is no need to be overly pessimistic
07 Since July, the market has continued to adjust. Many analysts said that this adjustment is regarded as a "second bottoming", and how will be interpreted in the fourth quarter of A-share market?
Wenjing believes that "the adjustment is only temporary, and A-shares will likely start a repair market in the fourth quarter." But she emphasized that the exploration of the market bottom cannot be achieved overnight and requires further observation.
reporter also sorted out the fourth quarter strategy research reports of nearly ten securities firms. Securities companies generally believe that the market adjustment in the third quarter is relatively large. With the further release of market sentiment, the bottom characteristics of A-shares are highlighted, and the cost-effectiveness of allocation is increasing. Investors can maintain strategic optimism and wait for an opportunity to make arrangements.
CICC believes that in the short term, although there is still some uncertainty in the adjustment, as long as the policy is put into effect in a timely and moderate manner, the market opportunities will still outweigh the risks, and it is not advisable to be overly pessimistic. CICC analysis pointed out that from the comparison of the current market environment with the end of April, the current negative factors that plague the market have not reached or exceeded the end of April. There are not many new negative factors at present, and the degree is weaker than at the end of April. Judging from the drawdown ratio and adjustment days, it has approached or exceeded the levels of the previous rounds, and the drawdown is sufficient.
For the allocation of the A-share market in the fourth quarter, high prosperity growth, consumption and traditional energy are the three major tracks favored by securities companies. CITIC Securities pointed out that specifically, we should focus on the main line of localization and pay attention to the changes in future science and technology industry policies. Among them, the reform of the military pricing mechanism is expected to benefit OEM manufacturers and leading enterprises with core R&D capabilities. At the same time, the core of the market is still policy expectations. It is relatively optimistic about non-banks that have greater elasticity and benefit from favorable policies in the capital market, as well as directions such as real estate and building materials.
(Picture source: screenshot of Tonghuashun APP)
(Source: Jimu News)
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