Today, A shares showed a volatile and differentiated trend, with the three major indexes mixed up. Shanghai Composite Index opened high and closed low, and finally closed down 0.13%, the Shenzhen Component Index rose slightly by 0.23%, and the ChiNext Index rose by 0.49%. The rise and fall of each index were not large, and the overall market was relatively stable.
rose in the two markets and 22108 stocks, and 2511 stocks fell. The number of stocks rose significantly decreased compared with yesterday, but it was still more than the stocks fell. The bulls still dominated the market rhythm, with 75 stocks hitting the daily limit. The market still had a good money-making effect. There were only 4 stocks hitting the daily limit, which was still single-digit level, and the selling pressure of individual stocks was not large.
From the perspective of sectors, the Chinese medicine, chemical pharmaceuticals, and logistics sectors have risen by the top three. After the pharmaceutical track fluctuated yesterday, it strengthened again today, and the hot spots have continued. There are 9 industries in the two markets that have risen by more than 1%, and the oil and gas development, planting and forestry, and gas sectors have fallen by the top three. The anti-decline sectors in the early stage performed weakly, and the market style has shown rotation, but only the oil and gas sectors in the two markets have fallen by more than 1%, and the overall performance of the sector is strong.
market 3 important news, as follows:
1, News 1: Goldman Sachs said that investors should sell S&P 500 index call options, buy call options of the Hang Seng China Enterprise Index, and prepare to welcome the catch-up market of relevant Chinese assets. Strategist Christian Mueller-Glissmann and others wrote in an October 17 report that the volatility of the Hang Seng China Enterprise Index is lower than that of the S&P 500. Maintaining the over-allocation rating of Chinese stocks in Asian allocation is more optimistic about A-shares than overseas stocks.
Personal opinion: In recent times, A-shares and Hong Kong stocks have adjusted a lot! Last weekend, the international financial tycoon Rogers said that he was very optimistic about Chinese stocks. He bought a large amount of Chinese stocks himself and planned to leave them for his descendants to express his optimism with practical actions. Goldman Sachs has now made a similar view. In fact, Goldman Sachs has also expressed a similar view before, and this time it should be because of the decline of A-shares and Hong Kong stocks! Both A-shares and Hong Kong stocks are already at the bottom. Last night, domestic funds purchased their own funds and were very optimistic about A-shares. Therefore, it is not surprising that Goldman Sachs makes such a point! However, Goldman Sachs said it would sell the S&P 500 and buy Hang Seng Index . This is a bit incomprehensible. Now Hong Kong stocks are still quite affected by US stock Chinese stocks listed in . It doesn't seem objective to explain it by volatility alone. In fact, the valuation of Hong Kong stocks is already quite cheap, and the future space is larger than that of S&P , which should be correct!
2, News 2: According to data released by Shanghai Ganglian , the quotations of some lithium battery materials rose today, with battery-grade lithium carbonate rising by 2,000 yuan/ton, with an average price of 537,500 yuan/ton, and industrial-grade lithium carbonate rising by 2,500 yuan/ton, with an average price of 523,000 yuan/ton, a record high; lithium hydroxide rose by 3,000-3,500 yuan/ton; spodumene concentrate (6% CIF China) rose by 50 USD/ton, with an average price of 5,350 USD/ton.
Personal opinion: The price of lithium batteries has continued to rise recently. The price of lithium carbonate continues to hit record highs. Yesterday's lithium carbonate quotation has already broken through the historical high. Today's quotation has broken through again and the price has set a new record. Previously, the price of lithium carbonate fluctuated at the level of 500,000 yuan/ton for a period of time. It may be the arrival of the Golden September and Silver October market that further promoted the price increase. However, the recent performance of lithium batteries, especially lithium ore stocks, is relatively average. It has not risen due to the rise in the price of lithium batteries, but has been in a state of adjustment. It is estimated that the increase has been too large in recent years. However, as the market strengthens, it is still expected to rebound oversold!
3, News 3: GGII: It is expected that China's lithium battery copper foil shipments will exceed 40% from 2021 to 2025. Composite copper foil will increase in scale after 2023
Personal opinion: Just like the previous price of lithium carbonate continues to hit historical highs, the shipment of lithium battery copper foil is also growing. GGII analysis is driven by the strong demand of global new energy vehicle terminal production and sales and energy storage market, China's lithium battery copper foil shipments will exceed 1.1 million tons by 2025, with a compound growth rate of more than 40% from 2021 to 2025.This news is also very good news for new energy. In the next few years, we will still see good development prospects for new energy vehicles. Now not only are the sales of new energy vehicles in China good, but the sales of new energy vehicles around the world are also good. Moreover, China's new energy vehicle industry chain is relatively complete, and it is normal for upstream product shipments to increase significantly!
Domestic and foreign capital smashed the market slightly, with retail investors mostly doing so, and continued to fluctuate on Wednesday?
The capital market is more specific than yesterday. Both domestic and foreign capital have smashed the market, but the amount is controllable. What does it mean?
1. Chinese medicine flows in 1 billion, logistics flows in 200 million, electronic flows out of 600 million, pork, 5G and securities flows out of 400 million.
2. The main capital outflow was 8.4 billion, polarized in the early trading, and it was the first to rise in the afternoon, but it was a rapid trend outflow.
3. Foreign capital has a trend outflow of 3.757 billion, which is in line with expectations.
On the premise that both domestic and foreign capital are outflowing, what we see is index fluctuations, and even , the GEM, , has stubbornly stepped out of six consecutive positive moments. Judging from today's main funds, we believe that domestic institutions have not made obvious moves. The actions of the main funds include both stock adjustment and stock exchange, and obvious trading sentiment, that is, the trend of rising and cashing in the afternoon. Subjectively, we believe that today's institutions are adjusting positions, but mainly retail investors are doing.
This means that the trading sentiment in the market has rebounded, so the trading pattern has continued. In addition, one thing is worthy of attention. Domestic capital has significantly increased its holdings in Hong Kong stocks for four consecutive trading days, with more than 5 billion every day. Therefore, there is no need to worry about the current stability of A-shares. At present, stabilizing Hong Kong stocks is more important than stabilizing A-shares.
Wednesday may be a day with a watershed this week. Subjectively, we believe that if we can make up the volume tomorrow, there is still a possibility of continuing to rise. If not, when retail investors continue to dominate the market, it may fall. Therefore, we subjectively prefer volatility. In fact, today's money-making effect has declined, because both the configuration and trading markets are very concentrated, so the space of the entire market has also been reduced. Subjectively, we believe that the most important thing at the moment is the recovery of incremental funds, otherwise the oversold rebound will end soon...
