Every reporter: Xiao Ruidong Every editor: Zhao Yun
html On August 16, the market fluctuated within a narrow range throughout the day, with the three major indexes rising and falling. As of the close, the Shanghai Composite Index rose 0.07%, the Shenzhen Composite Index fell 0.24%, and the Shanghai Composite Index fell 0.08%.GEM
sectors, Huawei HiSilicon, Monkeypox, AI glasses, copper cable high-speed connection and other sectors were the top gainers, while pork, film and television, construction decoration, precious metals and other sectors were the top losers.
Generally speaking, individual stocks fell more than they rose, with more than 3,500 stocks falling in the market. The turnover of Shanghai and Shenzhen stock markets today was 591.1 billion, a decrease of 400 million from the previous trading day.
surged higher and fell back in the morning, then fluctuated and turned green in the afternoon. Funds protecting the market were repeatedly active during the session.
- After bottoming out and rebounding yesterday, the trend of A-shares today is similar to Monday's on the surface, but actually shows greater vitality.
On the one hand, the "land volume" below 500 billion has temporarily disappeared, and today's market transaction volume is the same as yesterday;
On the other hand, funds have gradually found new directions for grouping, which has restored the money-making effect, such as:
1) As of the close , a rare scene appeared on the price increase list - as many as 16 stocks with 20cm daily limit;
2) The stocks with the top turnover in the entire market, as well as the top stocks with the top total market value, all experienced widespread reds.
Judging from the daily K chart of the Wind Quan A Index, although the market closed down today, it did not give back too many gains, so it did not indicate a change in trend.
Logically, after the general rise, those sectors and individual stocks that "passively" rose with the market trend also have strong demand for redemption; market funds are also flocking in different directions with more opportunities. For example, many highly popular stocks today There was a sharp drop, and King Long Automobile fell by the limit.
"Changes" of big funds
For investors who pay more attention to the index, there is a very important detail on the market in the past two days, that is, the style of protecting the market of the big funds that are generally regarded as the "national team" has changed. .
In the past two months, when the market fell, we have repeatedly encountered situations where broad bases etf representing the core assets of A-shares (such as SSE 50, CSI 300 etf) increased intraday volume, thereby supporting or pulling up the index.
Obviously, using the heavyweight stock market will not help much with the liquidity of individual stocks that are not constituent stocks.
From last Friday to this Wednesday, when the market continued to increase in volume, the above-mentioned broad-based ETFs also shrank in volume, but this does not mean that big funds turned a blind eye to the market.
Looking back, starting from the sudden change yesterday (August 15th), the style of big funds has been different. In addition to the significant increase in trading volume, it is also reflected in two aspects:
1) The timing of the launch is ahead of schedule. On Thursday, many broad-based ETFs significantly increased their volume during the opening period, and when the market fell back in late trading, they added another wave of volume. Below is the five-day chart of 510300.
2) The scope of efforts has been expanded. In addition to the most common CSI 300ETF, in fact, the CSI 500ETF has also obviously received liquidity support in the past two days (the CSI 1000ETF also increased its volume on Thursday). Below is the five-day chart of 510500.
The direct impact of this on the market is that the number of rising stocks has increased significantly, which in turn has led to a recovery in sentiment.
Observing the time-sharing trend of the largest CSI 300ETF and CSI 500ETF in the market, we can find that after they pull up in heavy volume today, they are often followed by a longer single negative column - regardless of whether these sell orders are " "Do t within the day" or "take profits". In short, the selling pressure on the market has become heavier. The overall volume of
can remain flat, but the number of sell orders increases, and it is reasonable for the index to turn green.
Consumer electronics and monkeypox concepts led the gains, and large state-owned banks have reached new highs.
In our push on Wednesday, we mentioned that the consumer electronics sector is still sustainable in the "land volume" market and has the potential to become a new main line. Now that volume is picking up, the sector is further favored by funds.
As of Friday's close, the consumer electronics sector has had four consecutive positive days, and trading volume has also increased day by day. Looking at the breakdown of
, in addition to the continuously active AI glasses concept, today the Huawei HiSilicon concept has also become a new focus. According to the news, Huawei Connect Conference 2024 will be held from September 19th to 21st, 2024.
Huafu Securities said that short-term consumer electronics terminal demand is picking up. In the medium to long term, AI-enabled smart terminals will drive faster replacement of mobile phones/PCs. At the same time, AI load requires changes in the chip's underlying architecture, memory, and overall machine design, driving the improvement of stand-alone ASP and accelerating the exploration of new hardware forms. The accelerated pace of consumer electronics innovation is expected to bring the industry into a boom cycle, and at the same time, there will be intensive news such as the Apple autumn conference and Windows system updates.
On the other hand, this morning, the General Administration of Customs website issued an announcement to prevent the monkeypox epidemic from being introduced into our country, which led to the continued strength of monkeypox concept stocks under the direction of pharmaceutical stocks.
Of the 16 20cm daily limit stocks today, 4 come from this concept.
Specifically, according to CCTV News, on the 15th local time, the Acting Director of the Swedish Public Health Agency announced that Sweden reported its first confirmed case of monkeypox. It is reported that this is the first confirmed case outside the African continent since the current outbreak of monkeypox.
The World Health Organization announced on August 14 that the monkeypox epidemic constitutes a "public health emergency of international concern." According to data from the Africa Centers for Disease Control and Prevention on August 9, since the beginning of this year, 13 countries in Africa have reported 17,541 cases of monkeypox and 517 deaths. Among them, the Democratic Republic of the Congo alone has reported 16,789 cases of monkeypox and 511 deaths. .
Finally, it is worth noting that the banking sector, which represents the direction of heavyweight stocks today, also ushered in two consecutive positives.
Although the overall sector is still far away from the previous high, the sub-sector of large state-owned banks recorded a new high. This is due to the fact that Industrial and Commercial Bank of China , China Construction Bank , Bank of Communications , Bank of China all hit new highs in stock price today.
Wanlian Securities believes that the decline in long-term interest rates is an important factor driving the price performance of high-dividend assets. The high dividend yield and extremely low valuation of bank stocks have become the first choice for funds. This, combined with the rising demand for market defense, has boosted the market performance of the entire banking sector. Looking forward, in high dividend strategies, the supporting factors on the denominator side may have been more reflected, and the stability of the numerator side has become the key logic of high dividend stock selection. In addition, from the perspective of dividends, an increase in dividend rates will help increase the valuation of bank stocks.
Daily Economic News
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