Financial News on October 31st. A-share market opened low on Monday, the Shanghai Composite Index fell below 2900 points. The three major indexes gradually rose in the morning. The ChiNext Index turned red first, with rising exceeding 2%, and the Shanghai Composite Index also returned to 2900 points and turned red; in the afternoon, northbound funds continued to flow net outflow, the market fluctuated and fell back, and the Shanghai Composite Index and Shenzhen Component Index closed down to varying degrees.
As of the close, the Shanghai Composite Index fell 0.77% to 2893.48 points, the Shenzhen Component Index fell 0.05% to 10397.04 points, the ChiNext Index rose 0.65% to 2265.08 points, and the Science and Technology Innovation 50 Index rose 1.67% to 1010.33 points. The total transaction volume of in Shanghai and Shenzhen was 3883.12 billion yuan, and the actual net sales of northbound funds was 9.31 billion yuan. 80 stocks in the two markets hit the daily limit (including ST stock ), and 41 stocks hit the daily limit . In terms of the industry sector, software development, Internet services, aerospace, computer equipment, communication services and other sectors have seen a record high, while coal industry, aviation airports, precious metals, tourism hotels, shipping ports and other sectors have seen a record high; in terms of subject matter, concepts such as state-owned cloud, data security, smart government affairs, information creation, east-to-western calculation, domestic software, digital currency , etc. are relatively active.
smart government affairs concept welcomes good news, Nanwei Software, Ronglian Technology, Digital Source Technology , Saiyou Co., Ltd., Zhengtong Electronic , Jida Zhengyuan , Science and Technology Innovation Information, Yunsai Zhilian, Digital Zhengtong , Yihualu , Jiayuan Technology, Xindian Software, Desheng Technology , Data Port, Zhongke Jiangnan, Tongbao , etc. hit the daily limit;
Information Creation concept is still eye-catching, Jiuqi Software , Hanwang Technology , Hengjiu Technology, Zhongfu Information , Taiji Shares , Ger software , Zhizhen Technology , ShensandaA, Zhongke Soft , Yingfeituo, Sci-tech Information, Hengwei Technology , Chuanda Zhisheng , etc. hit the daily limit;
The third quarter report growth stocks are sought after, Swan shares, Guangzheng Ophthalmology, Sanwang Communications, New Coordinates, Binglun Environment, Yaxiang Integration , Sailun Tires, Hongyuan Electronics, Newway Co., Ltd., Yongyi Co., Ltd., etc. hit the daily limit;
The pharmaceutical industry is abnormal during the trading session, Shenqi Pharmaceutical, Asia Pacific Pharmaceutical , Jinling Pharmaceutical , Holy Lives Pharmaceutical , Yiming Pharmaceutical , , Longjin Pharmaceutical , , Huasen Pharmaceutical , , Jianzhijia , , , Internet Group , , Yuyue Medical , , Weihai Guangtai , etc. hit the daily limit;
grain concept rose, Jingliang Holdings hit the daily limit, Longping Hi-Tech , Quanyin Hi-Tech , Dabeinong, and Suken Agriculture ranked first in the increase;
brokerage sector rose during the session, Zhongyuan Securities led the rise, Hualin Securities , Dongwu Securities , Caitong Securities , Oriental Fortune , Dongxing Securities , Guolian Securities, etc. followed up;
precious metals sector weakened, Chifeng Gold once hit the limit, Hunan Gold and Jingui Silver Industry fell to varying degrees;
real estate sector was sluggish, Poly Development and hit the limit, Binjiang Group , Huafa Shares, Vanke A, etc. fell more than 5%;
individual stocks , net profit in the third quarter was 229 million yuan, a year-on-year decrease of 58.96%, Mingtai Aluminum hit the limit;
was filed by the China Securities Regulatory Commission for suspected illegal disclosure of information, and Conlongda hit the limit.
[Institutional Strategy]
Xiangxi Securities : A shares enters deep value, exchanging time for space. The current market has included many pessimistic expectations. Judging from the dimensions of valuation, institutional position , risk premium , etc., the probability of being in the bottom range is relatively high. The current position should not be overly pessimistic. In the future, A-shares are expected to exchange time for space for . We need to observe the catalysis of positive factors at home and abroad. Overseas, we will pay attention to the market expectation trend after the implementation of the Federal Reserve interest rate meeting in November 2; domestically, we will continue to pay attention to the local epidemic situation, the optimization of epidemic prevention policies, and the continuous effectiveness of the policy of stabilizing growth. In terms of industry allocation, the new energy sector is subdivided into high-prosperity areas, such as "energy storage, wind, light" and other fields; the related fields of "national security", such as "information, military industry, semiconductors, etc."; real estate, which benefit from the continuous relaxation of "policy based on cities".
Huaan Securities : Looking ahead to November, the market is expected to remain in a weak volatility, but it will be better than October. If there are clear signals that overseas risks are weakened or domestic confidence is boosted, the market is expected to have a rebound opportunity. On the one hand, at the level of risk preference, external risk constraints have not stabilized, internal policies are more focused on implementation and effectiveness, and overall risk preferences are expected to boost; on the other hand, exports have weakened, real estate still drags down the economy, and the momentum of automobile consumption has weakened, and economic growth is still under pressure; on the third, under economic pressure, monetary policy will not turn, but from the reality of economic operation at the end of the year, the probability of lowering the reserve requirement ratio and interest rate cuts is declining, and the trillion-dollar MLF in November is likely to be even in a slight reduction in volume.
Zheshang Securities : Although the market ushers in a strategic bottom, looking forward to 2023, the market will show obvious differentiation, and the structural choice of the bottom area is more important. The core variable that dominates style switching is industry, characterized by the fact that once the switching is going to last for several years. The current rise of hard technology represented by strong chain and supplementary chains, energy revolution, and smart economy will bring profit growth points to small and medium-sized enterprises, and then bring the trend style advantages of small-cap stock .
