Brothers and sisters, today's market is full of twists and turns, the whole market almost opened high in the morning, and then fell back, fortunately, the end of the market rose again! I'm sure everyone has made money!
A-shares rose sharply, and the transaction volume hit a new high
On October 8, the Shanghai Composite Index opened sharply higher and then fell, and the ChiNext Index rose by more than 17%. The trading volume of A-shares exceeded 3.48 trillion yuan throughout the day, hitting a record high. At the close, the Shanghai Composite Index rose 4.59%, the Shenzhen Component Index rose 9.17%, and the ChiNext Index rose 17.25%.
Brokerage stocks rose sharply, and nearly 50 brokerage stocks such as CITIC Securities, Oriental Wealth, China Galaxy, China Securities Construction Investment, CICC, and Everbright Securities rose to the limit.
Semiconductor chip stocks broke out collectively, and more than 60 shares such as SMIC, Jiangfeng Electronics, Fuman Micro, Aiwei Electronics, and Taiji Shares rose to the limit.
A total of 5,027 stocks rose in the market, 784 stocks rose, 287 stocks fell, and 3 stocks fell to the limit.
Hong Kong stocks ushered in a correction
Unlike today's hot performance of A-shares, the Hong Kong stock market ushered in a sharp adjustment after the soaring National Day holiday, with the Hang Seng Index and the Hang Seng Technology Index both opening low and moving low!
The Hang Seng Index fell more than 9%, and the Hang Seng Tech Index fell 12.8%.
FTSE China A50 Index futures fell nearly 10%!
Why is there so much volatility in the external market? Some analysts believe that China's assets have risen sharply before, causing some short-term funds to start profit-taking, which has exacerbated the decline of the market to a certain extent. Yan Zhaojun, an international strategy analyst at China Thailand, said that because the violent rally of the extremely high slope of Hong Kong stocks is difficult to last for too long, the short-term valuation repair has been very sufficient, when the market ushers in the verification of economic data and policy landing, the volatility of the broader market may increase sharply, and it is not ruled out that there is pressure on high profit-taking, pay attention to the rhythm of trading, and take advantage of the high profit at the right time.
CITIC Securities sent a letter to new shareholders: Don't worry, be more stable
On October 8, CITIC Securities released "To Friends Who Entered the Market for the First Time" on its official account.
The text shows:
The most difficult time for A-shares has passed, confidence is reuniting, and most of the various targets are at the bottom of valuations. Choosing to open an account at this time is fortunate and happy. I say lucky because bull and bear switching is the norm, and this is true in the global market. When we say happiness, it is because when the general trend is relatively clear and good, we can take advantage of the trend and it is relatively easy to get on the bus. However, if you are opening an account for the first time, it is your first time to enter the market to trade. We still hope that you: don't rush, go steady.
For those who are new to investing, the following points will help you on your future investment path:
1. Long-term money is easier to make than short-term money. For the market, investment is not deep, the short-term is equivalent to gambling, it is better to use time for space, put long-term, and accumulate returns.
2. Trend money is easier to make than individual stocks. No matter how good the market is, specific stocks will also get out of the divergent market. By buying indices or portfolio investments instead of betting on individual stocks with a full position, the winning rate will be higher.
3. Don't take any gambles and stay present. The rotation of market ups and downs is the norm, and staying present can make a good dividend for each round of rise. What is the capital that remains present? It is to use the money you can afford to lose and keep your position. Always invest with spare money, and don't let investment eat back your life.
【Institutional Perspectives】
CICC believes that after the end of the National Day holiday, the global news was relatively stable during the A-share market break, and the performance of Chinese assets led the world. Domestic measures to stabilize growth, represented by the real estate sector, have been implemented one after another, and some travel and consumption data are better. Based on domestic and foreign economic data and market performance during the long holiday, the short-term upward trend of A-shares after the holiday is expected to continue, and the medium-term "big bottom" conditions are still in the process of improving.
Tianfeng Securities believes that the current speed of residents' funds entering the market and trading have exceeded expectations, superimposed on the reflexivity of the brokerage sector itself, the strength and speed of the market deduction may exceed market expectations, and it is recommended to pay attention to three main lines: (1) The logic of "increasing market trading activity and improving the fundamentals of brokers" has been quickly recognized by the market; (2) "Improvement in expectations leads to an increase in market risk appetite"; (3) Pay attention to the valuation repair opportunities of large financial central state-owned enterprises.
Source: China Fund News
Editor: Kobayashi