U.s.
U.S. stocks closed down across the board overnight with the Dow down 0.98%, the Nasdaq down 0.64%, and the S&P 500 down 0.46% on the U.S. GDP growth rate in the first quarter that was lower than expected.
Traders pushed back expectations for the Federal Reserve's first interest rate cut of the year to December with the preliminary annualized rate of real GDP rising 1.6% in the first quarter and expectations of a 2.4% increase, as the GDP data hit market interest rate hike expectations hard.
Another data showed that the preliminary annualized core PCE price index in the United States for the first quarter rose by 3.7% month-on-month, with an expected increase of 3.4%.
A shares
Today, the big A opened high, unilaterally rose, the volume and price rose, the trend was strong, the brokerage sector ushered in a huge amount of money to buy, nearly 10 brokerage stocks rose to the limit, the real estate sector also made great efforts in the afternoon, and the TMT sector also rebounded sharply.
Northbound funds unilaterally bought more than 20 billion yuan, boosting the steady upward trend of the market.
At the close, the Shanghai Composite Index closed at 3,088.64 points, up 1.17 percent, the Shenzhen Component Index closed at 9,463.91 points, up 2.15 percent, and the ChiNext Index closed at 1,823.74 points, up 3.34 percent.
The ratio of individual stocks in the two cities is 3:1, and more than 75% of the stocks have risen, further amplifying the market-making effect.
The total turnover of the two cities was 1,086.4 billion yuan, a significant increase of 312.1 billion yuan from the previous trading day, and the turnover of Big A returned to the trillion mark after 8 trading days.
Hong Kong stocks
Hong Kong stocks continued to rise sharply today, with the Hang Seng Index up 2.26% and the Hang Seng Tech Index up 4.78%.
Southbound funds did not reduce their positions on high prices, and continued to buy, with a small inflow of 1.116 billion yuan throughout the day.
Today, the Hang Seng Index began to hit the annual position, the Hang Seng Technology Index also successfully broke through the suppression of the half-year line, the value of Hong Kong stocks is being recognized, and with the influx of domestic and foreign capital, the future of Hong Kong stocks is worth looking forward to, and we can always keep an eye on it.
Northbound funding
Northbound funds started a crazy buying mode today, with a total of 22.449 billion yuan of net purchases throughout the day.
Among them, the Shanghai Stock Connect net purchase was 11.323 billion yuan, and the Shenzhen Stock Connect net purchase was 11.126 billion yuan.
Sector performance
Under the guidance of the State Council's efforts to build a "national team" in the financial industry, the brokerage sector took the lead, leading the market to open higher and move higher; the real estate sector rose sharply; the TMT sector rebounded sharply, with multiple sectors rising together; and many sectors such as nonferrous metals and automobiles performed well.
The banking sector led the decline against the market, and a few sectors such as coal, gas, and logistics closed down.
Reviews
For today's surge, it is indeed a little beyond expectations, northbound funds are crazy to buy, and there is also a huge influx of funds in the brokerage sector, and I see that someone has summarized several reasons:
1. At the ninth meeting of the Standing Committee of the 14th National People's Congress, the vice minister of finance pointed out in his speech that the proportion of state-owned financial capital in banking, insurance, securities and other industries should be adjusted in a timely and reasonable manner, and efforts should be concentrated on building a "national team" in the financial industry.
2. Guolian Securities announced that the company intends to issue shares to acquire 95.48% of the equity of Minsheng Securities held by 45 counterparties including Guolian Group. The transaction is still in the planning stage and is expected to constitute a major asset restructuring.
3. The yen depreciated, and funds flowed back to A-shares and Hong Kong stocks.
4. UBS began to be optimistic about China's real estate, and had previously downgraded Evergrande's rating against the trend.
No matter what the reason behind this, the influx of funds is a good thing, and it is also a signal, indicating that capital is in this position at the moment, and it is beginning to be optimistic about my big A, thinking that big A will have a certain money-making effect in the future.
Of course, we can't easily draw conclusions because of a day's big rise, but at least today's trend has given the market a reassurance, and short-term technical indicators have begun to turn from short to long.
If the amount can be sustained, and all kinds of funds slowly enter the market, the market in May may be able to retain some more expectations...
Splendid but the flowers of the world, slow cooking time a cup of tea.
Forget what day it started, and the world doesn't look like it used to be. I walked into the crowd, but I still missed those old days.
"When you read, you read, and your mind is not attached to the guest, and when you are a guest, you are the guest, and your mind is not attached to reading." Things come to conform, the future is not welcome, the time is not mixed, neither in love. ”
"A thought is quiet, and lotus flowers bloom everywhere. ”
It is not easy to create, and liking and following are the greatest encouragement and recognition for the author, thank you for your attention!