Today's market
Today's three major indexes continue to be weak, stocks rise more and fall less, and trading volume continues to weaken. Northbound funds had a small net outflow throughout the day. A more important external event today is the speech of Putin . On September 21 local time, Russian President Putin delivered a video speech, and began nationwide recruitment with stern words. The Russian-Ukrainian war has not ended for so long. It seems that Putin is going to clench his fists harder this time. This news caused the Russian stock market to collapse. After all, the global economy of is already on the decline, and it is not good for anyone to force Russia to become too anxious, let alone the current fragile capital market. Let’s look back at A shares . From the market, the industry has mixed up and down. Affected by the sharp rise of Baltic dry bulk freight index , shipping stocks led the rise throughout the day. Russia's crude oil sea transportation exports moved eastward due to sanctions, and oil transportation demand in the Far East increased, while threatened by the United States, oil tankers supply in the Far East plummeted. The widening supply and demand gap has led to an increase in sea freight rates. Oil prices, gold prices, and gold and oil stocks rose due to Russia's announcement of mobilization. Real estate, steel and other sectors are still following the logic of a reversal of difficulties, with rising to . Among the declining industries, the consumption sectors such as hotels, catering, medicine, tourism, and winemaking fell sharply; Mindray Medical fell 7% today based on the weakening of the pharmaceutical sector. At present, the global market is generally falling, and A-shares, whose economic fundamentals have not yet stabilized, naturally cannot get out of the independent market. Tonight, the Federal Reserve's will announce the resolution to raise interest rates. The biggest voice in the market at present is the 75bp hike. If the final amplitude is too high or not, the market will usher in the next change.
As of the close of , today Shanghai Composite Index closed at 3117.18 points, down 0.17%, with the turnover of at 269.5 billion yuan; the Shenzhen Component Index fell 0.67%, with the turnover of 366.4 billion yuan; the ChiNext Index fell 1.50%. Today, the number of stocks rising in the two markets was 2,975, and the number of stocks falling was 1,769.
From the style index, all styles performed differently today, among which the stability and financial styles performed the best, and the growth and consumption styles fell the most. The style change has been more obvious recently.
On the market, 15 of the 431 Shenwan first-level industries rose, among which the real estate, petroleum and petrochemicals, and public utilities industries led the rise, with the increase of 1.41%, 1.40%, and 1.38% respectively. Beauty care, , pharmaceutical and biological , the agriculture, forestry, animal husbandry and fishery industry led the decline, with the declines of 2.14%, 1.64%, and 1.58%, respectively.
on the capital side , and today the net outflow of northbound funds was 3.06 billion yuan; of which Shanghai Stock Connect was 2.473 billion yuan, and Shenzhen Stock Connect was 587 million yuan. Net inflows of northbound funds in the past three months were 2.728 billion yuan. The marginal impact of the situation in Russia, Ukraine and China and the United States on northbound funds has gradually narrowed, and the U.S. inflation trend and domestic economic conditions have recently had a significant impact on northbound funds.
From the risk premium index , when the risk premium rate is above the mean + 1 times standard deviation in history, A-shares are often in the bottom area. The current risk premium rate is 3.29%, which is less than double the standard deviation. The Wand All A Index is likely to be in the bottom area climbing stage. The risk premium index has risen recently, and market sentiment is weak. There are still disturbances in the later stage, but the downward space is relatively controllable. Investors are advised to arrange in batches at the right time.
(Note: The data is updated to the previous trading day. The greater the risk premium rate, the higher the cost-effectiveness of allocating stocks; otherwise, the higher the cost-effectiveness of allocating bonds)
Hot news
News 1: What speech Putin made? This caused oil and gas stocks to rise sharply, and the Russian stock market fell sharply!
On September 21 local time, Russian President Putin delivered a video speech, announcing part of the mobilization.
According to the law previously issued, part of the mobilization is for citizens currently in the reserve service, and those who have served in the armed forces and have certain military professions and related experience will be given priority to military service. They must receive additional military training before being deployed to the troops. Part of the mobilization order also includes additional measures on defense procurement.
Putin said that the purpose of the West is to weaken Russia, isolate it from the world and destroy Russia. Putin pointed out that after the special military operation began, Ukraine had made positive feedback on the suggestions put forward by Russia, but "it was under the instructions of the West that Ukraine interrupted the process of reaching an agreement with Russia." According to Russian reports, Putin delivered a national speech on the Donbass issue on the 21st. He said the West has crossed all boundaries, and irresponsible politicians are saying to provide offensive weapons to Ukraine and Russia is under attack. Putin said that the West has begun nuclear intimidation, threatening the use of weapons of mass destruction against Russia. It also said that "Russia will use all available means when its territorial integrity is threatened, and this is not intimidation."
On the evening of September 20, Beijing time, the Russian stock market plummeted , and the Russian MOEX index once fell by more than 10%, the largest drop since February 24. The Russian RTS index fell by more than 10% intraday.
Huafu Securities believes that crude oil has both commodity and financial attributes, and the current global supply and demand pattern is still relatively tight, and oil and gas prices are expected to maintain a high fluctuation range. Currently, Russia, Ukraine and the world are facing supply chain lengthening and reshaping. Supply chain uncertainty and increased transportation costs will increase the additional cost of energy supply, further increasing the price range.
News 2: Ministry of Industry and Information Technology: 4 major measures to promote the development of the photovoltaic industry!
On September 20, the Ministry of Industry and Information Technology held the ninth press conference on the "New Era Industry and Information Technology Development" series of the theme of "Vigorously Developing the New Generation Information Technology Industry".
Over the past decade, the annual growth rate of added value of my country's electronic information manufacturing industry has reached 11.6%; the business revenue of software and information technology services has increased from 2.5 trillion yuan to 9.5 trillion yuan, with an average annual growth rate of 16%. my country has formed the world's largest production and sales scale, relatively complete categories and basically complete industrial chain. The overall scale of the electronic components industry has exceeded 2 trillion yuan. In 2021, the global output of polysilicon , silicon wafer , battery and modules in the main links of the photovoltaic industry chain accounted for more than 70% of the global output; photovoltaic installed capacity was 54.88 GW, ranking first in the world for nine consecutive years.
In terms of promoting the innovative development of the photovoltaic industry, in the next step, the Ministry of Industry and Information Technology will strengthen industry overall planning and accelerate the high-quality development of the photovoltaic industry: First, continue to guide the healthy development of the industry. Implement policies such as the "14th Five-Year Plan" related industrial plans, standardized conditions for the photovoltaic manufacturing industry, intelligent photovoltaic innovation action plan, coordinated development of the photovoltaic industry chain and supply chain, and guide the continuous transformation and upgrading of the industry. The second is to accelerate the promotion of industrial integration and innovation. The "Guiding Opinions on Promoting the Development of the Energy Electronics Industry" was issued to promote innovative breakthroughs such as solar photovoltaics, new energy storage batteries, key terminal applications, key information technologies and products. The third is to strengthen public service guarantees. Continue to optimize the industrial development environment, support the construction of industry associations, etc., and strengthen industrial and financial cooperation to support the development of the photovoltaic industry. Accelerate the revision and improvement of the photovoltaic standard system, and promote the construction of public service platforms such as photovoltaic module recycling and utilization, carbon footprint verification, etc. Fourth, comprehensively deepen international cooperation. Encourage the domestic photovoltaic industry to strengthen international exchanges, carry out cooperation in various aspects such as production capacity, technology, standards, and talents, jointly promote the development and application of the photovoltaic industry, and help the global response to climate change.
Recently, National Energy Administration held a video conference on the analysis of the situation of renewable energy development and construction in August, and accelerated the preparation of the third batch of large-scale scenic bases. The meeting required further to further promote the completion and connection of the first batch of large-scale wind power photovoltaic bases, accelerate the construction of supporting energy storage peak-shaving facilities, and ensure the simultaneous completion and production; the second batch of base projects will complete the selection of owners as soon as possible and start construction as soon as possible; the third batch of base projects will speed up the organization and carry out relevant work.
Guotai Junan believes that , as the policy end accelerates the construction of large-scale scenery bases, ensures that the energy storage peak-shaving facilities are completed and put into production simultaneously; the time-sharing electricity price mechanism is implemented, and the price difference between peak and valley has widened into a trend. In the future, energy storage demand is expected to grow rapidly, and the profitability of energy storage power stations will gradually increase. New energy storage formats are taking shape, and the trillion-dollar market is beginning to take shape.
The market is risky, so you need to be cautious when investing. The statements of this content are for reference only and do not constitute investment advice to anyone.
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