I. Review of early trading
The three major indexes opened low, the Prev fell more than 2.3% at one point, the market risk aversion increased, gold stocks strengthened against the market, aquaculture stocks rose near midday, the concept theme was stalled across the board, and nearly 3900 stocks fell, with a half-day turnover of about 700 billion in the two markets. Coal, ultra-high pressure, energy storage plate rise and fall, yesterday's strong oil and gas, power plate plummeted, chemical industry, salt lake lithium plate continued to decline. From the disk, precious metals, chicken, pork, soybeans and other plates rose in the forefront, PVDF, oil and gas exploration, phosphorus chemical industry, fluorine chemical industry and other plates led the decline. By the close of midday, the Prev index was down 1.79%, the Shenzhen index was down 1.41%, and the gem index was down 0.68%. Shanghai Stock Exchange had a net outflow of 2.172 billion in early trading, while Shenzhen Stock Exchange had a net inflow of 989 million in morning trading.
A total of 15 shares in the two markets rose to the limit (excluding ST and unopened new shares), 4 shares failed to seal the board, with a closure rate of 79%. There are only 2 board stocks in the two cities, of which Mindong Electric Power of Electric Power is promoted to 4 and photovoltaic Junda shares are 2.
On the plate, gold stocks collectively strengthened, Shandong gold, Zhongrun resources rose more than 4%, Chifeng gold, Zhongjin gold and so on rose. In overseas markets, European and American stock markets tumbled overnight, and technology stocks were hit by a surge in US bond yields, with the Nasdaq down nearly 3 per cent, the biggest one-day drop since March, and the S & P 500 fell more than 2 per cent. Federal Reserve Chairman Colin Powell and US Treasury Secretary Yellen have warned that if the United States defaults because it does not raise the debt ceiling, it will have disastrous consequences.
Yesterday, the strong plate staged a "one-day tour" market again, the concept of oil and gas fell sharply, new natural gas, Blue Flame Holdings, Zhongman Oil and other stocks fell by the daily limit, PetroChina fell more than 8%, Sinopec fell more than 6%. On Tuesday, us natural gas futures rose more than 10% before falling. International oil prices rose and fell back, with US oil closing at US $75.29 per barrel, down 0.21%, and cloth oil closing at US $79.09 per barrel, down 0.55%. Citic Securities Research News pointed out that the hurricane impact caused more damage to the supply side and lasted longer than expected, superimposed demand recovery, the global crude oil continued to depot to push up oil prices in the near future, the supply side is less likely to increase production in the short term. Oil prices are more likely to fluctuate in the near future, but oil prices are likely to rise further in the next 3-6 months.
Yesterday's rising tide of power stocks weakened sharply today, Zhejiang Xinneng, Qianyuan Electric Power, Jiangsu Xinneng, Star Electric Power, Guangzhou Development, etc., fell by the limit, but Mindong Electric Power advanced to four consecutive boards. Coal concept fell sharply after rising, Yanzhou Coal Industry fell to the limit. On the news, the National Development and Reform Commission and the China National Railway Group issued a notice on doing a good job in ensuring medium-and long-term contracts for direct coal protection for power generation and heating enterprises, requiring linkage to improve the performance rate of medium-and long-term contracts for power coal. In addition, Hunan Province requires that on the basis of determining the transaction benchmark price in the electricity market, introduce the coal purchase price of coal-fired power enterprises as a parameter, adjust the transaction price ceiling according to a certain cycle, and establish a coal-fired power market transaction price ceiling floating mechanism linked with coal price, so as to reasonably reflect the cost of power generation and electricity consumption, and reduce market risk.
Chemical sector fell sharply in succession, Hubei Yihua, Anada, Yuntianhua, Sichuan Meifeng, Sirte and other stocks fell by the limit in early trading. Recently, the prices of some chemical varieties have still increased significantly. A company in Zibo, Shandong Province adjusted the price of ethylene-tetrafluoroethylene copolymer (ETFE). On September 15th, the price of ETFE powder was increased by 10000 yuan per ton, and the price of ETFE granule was increased by 5000 yuan per ton. However, on the one hand, the chemical sector is greatly affected by the double control of energy consumption and power restriction, which may affect the performance level. On the other hand, the trading of Qingyuan, the leading water source in the early stage, has fallen by more than 17% today. The State Electroweb Corporation held an emergency meeting yesterday, calling for all efforts to maintain the bottom line of electricity consumption for people's livelihood, to ensure that all kinds of power sources can be used as much as possible, to guide users to reasonably avoid off-peak peaks, and to strictly control power consumption in industries with high energy consumption and high pollution.
In short, the National Day holiday is approaching, the market wait-and-see mood increases, and the overnight stock market slump in Europe and the United States makes the A-share market mood lower today, the persistence of the concept plate is relatively poor, showing the overall characteristics of rapid rotation, it is easy to turn to a sharp decline after a big rise.
II. Focus on market news
1. On September 29, Yu Weiwen, chief executive of the Hong Kong Monetary Authority, said at the financial market summit organized by the Hong Kong Monetary Authority that Hong Kong is studying with the mainland to expand the use of RMB in Hong Kong stock trading. Further research is needed on how to boost demand from issuers and investors, as well as how to reduce market differentiation, and he hopes to work out a practical solution "soon".
2. On September 29, the 14th five-year Plan for Shanghai to build a science and technology innovation center with global influence was released today. By 2025, the proportion of the R & D expenditure of the whole society equivalent to the city's gross domestic product ((GDP)) will reach 4.5%, of which the basic research expenditure will account for about 12% of the R & D expenditure of the whole society. The number of high-tech enterprises in the city has exceeded 26000, the added value of strategic emerging industries accounts for about 20 per cent of GDP, and the turnover of technology contracts accounts for about 6 per cent of GDP. The total number of foreign R & D centers has reached about 560, and the scientific literacy level of citizens has remained in the lead of the country.
