Economic Daily - China Economic Net Beijing November 5th In the morning of today, the two markets opened low, and the three major stock indexes gradually rebounded at the beginning of the session. The ChiNext Index turned red first and once rose by more than 1.5%. During the session, the weight sectors such as finance and liquor were sluggish. As the afternoon session, the two markets fell, the Shanghai Composite Index fell widened, and the ChiNext Index turned green. In the afternoon, the three major stock indexes fell again, and the new stocks in html fell for 1 time. As the end of the trading session, the securities and insurance sectors continued to rise, the declines of the two markets narrowed, and the ChiNext Index rebounded and turned red.
As of today's closing, the Shanghai Composite Index was 2665.43 points, down 0.41%; the Shenzhen Component Index was 7839.08 points, down 0.36%; the ChiNext Index was 1348.88 points, up 0.04%.
On the market, oil, venture capital, natural gas and other sectors ranked among the top in the declines, while liquor, super brands, banks, airport shipping and other sectors ranked among the top in the declines.
[Message]
1. The Shanghai Stock Exchange stated that under the guidance of the China Securities Regulatory Commission, it actively researched and formulated the Science and Technology Innovation Board and the registration system pilot plan, solicited opinions from the market and implemented the approval procedures. The Science and Technology Innovation Board is a new sector independent of the existing main board market, and a registration system pilot is carried out within this sector.
2. CNPC Group disclosed on its official website on the 5th that the recent exchange seminar on improving quality, speeding up and improving production and efficiency of CNPC Oil Services was revealed at the exchange seminar on improving, improving, improving, and improving production. In order to further fight the offensive of exploration and development and ensure the realization of the goal of increasing reserves and production, China Petroleum has launched a new round of factory-based drilling and fracturing, and comprehensively accelerated the factory development of unconventional resources such as shale gas and tight oil and gas.
3. According to China Radio International, the Information Technology Innovation Center of Binhai New District of Tianjin has released my country's first independently developed RapidIO second-generation switching chip - NRS1800 and SDI (software-defined interconnection) ecological vision. This chip has leading advantages in data computing, data acquisition, data storage, and external communications. It can be widely used in image analysis, medical imaging, data centers and other fields, making up for the gap in my country's switching chip field. At present, the chip has been used in more than ten user units across the country.
[Institutional hot discussion]
Huaxin Securities: There are still two major concerns in the market. First, the peripheral market is still short, and the downward pressure on US stock is gradually emerging. Many European stock indexes may hit new lows in this round of adjustment, which has a negative transmission effect on A shares . Judging from the historical market, if the US stock market falls sharply, it will be difficult for A-shares to survive. Second, what the economic data in September feedback to the market is that there is no marginal improvement at the economic level, so the sharp rise in the A-share market last Friday and this Monday was basically driven by investors' risk preferences; so after two days of concentrated emotional venting, investors have slowly returned to rationality. Under the non-society-dominated market, the logic of continuous sharp rises is obviously far-fetched. Finally, from a technical perspective, the Shanghai Composite Index closed at 2603 points on Wednesday, not only failed to reverse the negative line on Tuesday, but instead closed a K-line that encountered a resistance line. This may mean confirmation of the upper resistance level, and the short-term index operation may be in a deadlock again.
Yintai Securities : Judging from the operation of A-shares, the momentum of long-term markets is gradually gathering, and the opportunity for rebounding between the two markets still exists. Based on optimistic expectations for the market after the holiday, funds actively entered the market before the long holiday to promote the continuous upward rebound of the Shanghai and Shenzhen stock markets. The Shanghai Composite Index once stood above the 2800-point integer mark. Although the sell-off after the holiday blocked the market's rebound process, the rise before the holiday still clearly reflects that the momentum of funds going long is gradually gathering. At the same time, judging from the performance of the market on Friday last Friday, against the backdrop of continued sharp decline in US stocks overnight, Shanghai and Shenzhen stock markets were the first to stabilize and rebound, which also indicated that A-shares have been resilient. With the continuous decline of the index, the willingness of capital participation has gradually increased. From this perspective, the market rebound opportunity that began before the holiday still exists, and investors should not be blindly pessimistic about the future market.
Huatai Strategy: Judging from the disclosed third-quarter report, the downward pressure on the economy has been transmitted to the profit side of enterprises since the second half of this year, and the performance growth rate of all sectors has declined. The Political Bureau of the Central Committee and the private enterprise symposium made it clear that the direction of future policies is to make up for shortcomings in infrastructure and reduce taxes and fees. We believe that this move is expected to correct the market's excessive pessimistic expectations of the economy.Judging from overseas factors, China-US negotiations have made positive progress, and peripheral risk factors have all eased. Therefore, we continue to remain cautiously optimistic about the general trend and actively compete for rebound. Industry allocation maintenance is the "bank + real estate" allocation suggestions, and thematic investment focuses on independent and controllable series.
A-share market sector and individual stocks ranking
Operipheral market
As of press time
Index name Latest price hike amount hike
Hang Seng Index 25906.38 -579.97 -2.19%
Nikkei 225 Index 21898.99 -344.67 -1.55%
Korea Index 2076.92 -19.08 -0.91%
Australia Index 5915.90 -19.90 -0.34%
Dow Jones average 25270.83 -109.91 -0.43%
S&P 500 2723.06 -17.31 -0.63%
Nasdaq Comprehensive 7356.99 -77.07 -1.04%
Germany DAX Index 11518.99 50.45 0.44%
Tags: Stock Market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-