Market Observation|With keywords, the price limit? The Shanghai Composite Index fluctuated and closed down, and the "dragon flying and phoenix dancing" market became the focus
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Financial Investment News reporter Liu Qinghua
On November 8, the A-share market had twists and turns, and it rebounded in a V-shape after a dive in the afternoon. Media stocks performed strongly throughout the day, and stocks on the Beijing Stock Exchange were concerned by funds.
From the perspective of the disk, the index rebounded after opening low in the morning, with the entrepreneurship and entrepreneurship sector leading the rise, and the film and television, games, and publishing sectors in the media sector all performed better. In the afternoon, the index became more volatile, diving for a while during the session, and then rebounded in a V-shape. The "dragon flying phoenix dance" market continued, and the "dragon head" Tianlong shares, which had just harvested ten boards, staged the sky floor.
Tianlong shares trend on November 8 According to Wind
The hype of the "dragon flying and phoenix dancing" market continues
At the close, the Shanghai Composite Index fell 0.16% to 3,052.37 points, the Shenzhen Component Index fell 0.04%, the ChiNext Index rose 0.02%, and Wind All A and Wind Shuangchuang rose 0.04% and 0.6% respectively.
In terms of individual stocks, a total of more than 2,370 stocks rose and more than 2,700 stocks fell. The trading volume of A-shares throughout the day was 1.04 trillion yuan, a slight increase from the previous month, and the net selling of northbound funds was 3.709 billion yuan, of which 1.939 billion yuan was net sold through Shanghai-Hong Kong Stock Connect and 1.97 billion yuan was net sold through Shenzhen-Hong Kong Stock Connect.
Shanghai Composite Daily K-line Chart According to Wind
In terms of sectors, individual stocks on the Beijing Stock Exchange received financial attention, with Anhui Phoenix and Liujin Technology rising 29.85% and 26.05% respectively, with a turnover of 47.58 million yuan and 84.02 million yuan respectively. Awit rose more than 18%. The rest of the stocks on the Beijing Stock Exchange generally rose, and only 7 of the more than 220 stocks on the Beijing Stock Exchange closed down.
The media sector performed strongly, the Shenwan media industry rose by more than 3.3%, the concept of short dramas was eye-catching, game stocks also performed well, and Chinese Online and Tangde Film and Television rose by 20%. Among them, the share price of Chinese Online has nearly doubled in the past 5 days, Haikan shares and Palmfun Technology rose by more than 14%, Tianlong Group rose by 12.9%, and Palm Reading Technology rose and stopped.
The pharmaceutical and biological sector was active, with Hotjing Biotech rising by 20%, Weikang Pharmaceutical rising by more than 13%, and Kemei Diagnostics and Tailong Pharmaceutical also rising by more than 10%.
The hype of the "dragon flying and phoenix dancing" market continues. Fenglong shares 4 boards, Longzhu Technology, Tailong Pharmaceutical, Longxi shares, Tenglong shares, etc. rose more than 10% or the limit, but Tianlong shares staged a "sky floor" at the beginning of the day, almost closing at the limit price. Anhui Phoenix rose 30%, Phoenix Media, Phoenix Shares, Phoenix Shipping, Shanghai Phoenix, Phoenix Optics and other daily limits.
In terms of decline, non-bank financial institutions led the decline. Brokerage stocks fell significantly, led by Founder Securities, down more than 4%; Capital Securities and Pacific fell more than 3%. Among the insurance stocks, China Pacific Insurance fell 2.5%, and Ping An of China fell nearly 2% in late trading due to rumors, and then recovered, and finally closed down 1.48%.
Cyclical sectors such as steel, basic chemicals, petroleum and petrochemicals, non-ferrous metals, and coal fell.
Jinkong Coal Industry, etc
A number of stocks have become the new favorites of social security funds
Wanlian Securities believes that the Central Financial Work Conference has released a positive signal, continued to emphasize the active capital market, boosted investor confidence, the average daily turnover of A-shares has rebounded, and the enthusiasm for market trading has increased significantly.
From the policy side, the financial work conference proposed to accelerate the construction of a financial power, boost market confidence with obvious intentions, superimposed on the follow-up China Securities Regulatory Commission's "capital market investment reform action plan" is expected to be introduced, increase the introduction of medium and long-term funds, positive factors are continuing to accumulate. Against the backdrop of falling U.S. bond yields, foreign capital is expected to accelerate its return to the A-share market, and liquidity is expected to improve significantly.
Looking ahead, Wanlian Securities believes that the A-share market can be expected to repair at the end of the year under the boost of multiple favorable factors.
Huaan Securities said that with the accumulation of positive factors catalyzed by economic fundamentals and policies, the A-share rebound pattern is expected to be further opened.
First, the domestic macro policy is expected to improve, the additional issuance of treasury bonds has been superimposed on the positive tone of the Central Financial Work Conference, investors' expectations for the policy have improved, and the expectations of the Central Economic Work Conference to determine next year's economic goals and macro policy strength have continued to improve, which has effectively boosted the internal risk appetite. Second, external risks are mitigated. The Federal Reserve interest rate meeting in November kept the interest rate level unchanged, and the U.S. unemployment rate was higher than expected, driving the U.S. bond interest rate to fall rapidly, and northbound funds turned into inflows in the short term.
On the whole, the policy is expected to improve, external risks are eased, and the fundamental recovery is improving, and Huaan Securities expects that the rebound of A-shares will continue to be interpreted in the future.
Editor|Chen Yuhe Proofreading|Yuan Gang Review|Liao Xiaotao
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