Today, the three major indexes closed in green trading, with a trading volume of 920 billion. Fortunately, as long as the volume does not shrink, the rise of stock is basically the same as the fallen stock, with 52 stocks hitting the daily limit and 21 stocks hitting the daily limit. It is acceptable to pull back today after the general rise yesterday, which also shows that the market is still not strong enough and should not be blindly optimistic.
In the morning, the Shanghai Composite Index and Shenzhen Component Index opened higher, and the ChiNext Index opened low due to the poor performance of Aier Eye Hospital in the third quarter. The market gradually declined after a brief upward trend. In the afternoon, under the pressure of heavy stocks such as Moutai and Ningde , they all closed in green.
RMB exchange rate After yesterday's surge, today's bears counterattacked today, and now depreciated more than 600 basis points, breaking through the 7.2 mark. Yesterday, I said that it is impossible to blow up all the bears in one breath, and there will be a counterattack. Let's see how to go next. Before the exchange rate is completely stable, it always makes people feel uneasy.
northbound funds flowed in 959 million. Judging from the top ten transactions in the Shanghai-Shenzhen Stock Connect, the main force that suppressed the market today was not northbound funds.
Kweichow Moutai fell below 1,400 yuan during the trading session today, which had a significant impact on market sentiment. The outflow of funds reached 1.1 billion, of which 300 million were outflowed from northbound funds. Who sold the remaining 800 million? Since the recent continuous decline in stock prices, Moutai financing balance has been rising, so it is impossible that the financing market is smashing the stock price. Retail investors do not have this ability, so they can only be teammates like pigs.
From the Kweichow Moutai weekly K-line and html January K-line , the platform of 1,400 yuan cannot fall below, otherwise it is likely to be around 1,000 yuan-1,100 yuan to support it.
However, from the other side, Moutai has its benefits to falling. After all, without incremental funds entering the market, funds from the blue-chip stock such as Moutai will enter other sectors, and the value will likely enter the growth direction. Combined with the recent market conditions of medical, information innovation and other sectors, industries with small policy support and market value and turning points in performance are worth paying attention to.
Today, the National Bureau of Statistics announced that the total profits of industrial enterprises above designated size in the country fell by 2.3% year-on-year from January to September, which is also one of the main factors for the decline of market today. Among them, the mining industry increased by 76.0% year-on-year, and the manufacturing industry decreased by 13.2% year-on-year, but the profits of equipment manufacturing industry turned from decline to increase, up by 0.6% year-on-year.
The high growth of the mining industry has been reflected in the stock price. After nearly two years of adjustment, the equipment manufacturing industry is currently in the bottom just starting stage and can participate in every pullback.
, the just-concluded National Convention and Administration meeting, pointed out that it is necessary to promote the expansion of investment and promote consumption policies to accelerate the effectiveness. First, fiscal and financial policy tools support the construction of major projects and equipment updates and transformation, and more physical workloads should be formed in the fourth quarter. Promote the acceleration of construction of projects and ensure the quality of the project. Support private investment in major projects. Accelerate the issuance of loans for equipment renewal and transformation, equally support the procurement of domestic and foreign equipment, expand manufacturing demand and guide expectations. The second is to promote consumption recovery to become the main driving force for the economy. Expand the work-for-relief to promote employment, increase income and bring consumption, and include the update and transformation of consumer equipment in the scope of special re-lending and financial interest subsidies support. Adopt measures to support rigid and improved housing needs in accordance with the city.
ECB announced that rate hike 75 basis points, in line with market expectations and is the second consecutive sharp rate hike 75 basis points. The ECB raised deposit rates to 1.5%, raised major refinancing rates to 2%, and raised marginal loan rates to 2.25%. The RMB exchange rate continues to be under pressure, and further narrows our room for interest rate cuts, with the dollar index rising.
northbound funds will flow out tomorrow after three consecutive days, depending on the performance of the exchange rate market. Under the conditions of continuous interest rate hikes in the United States, Europe and other countries, the exchange rate pressure is indeed relatively high. In the past 20 days, the capital inflows has mainly been Wall Street capital, and the capital outflows is mainly European capital.
