SMM10 23: the morning shock of the two markets weakened, the performance of the three major stock indexes are more declining. Aquaculture plate led the rise, pork stocks, block chain concept stocks rushed back down, garbage classification, gold concept stocks, domestic operating system plate plate change pull up. The two cities weakened again in the afternoon, with the index falling more than 1 per cent at one point. The bank plate rushed high and fell back, consumer electronics, intellectual property plate change pull up, Science and Technology Innovation Board collective strength, stimulated by the news, OLED concept stocks pulled up strong. Funds wait-and-see mood is higher, individual stocks fall more or less.
By the end of the day, the Shanghai index closed at 2941.62 points, down 0.43%, the Shenzhen Composite Index closed at 9567.75 points, down 0.77%, and the index closed at 1650.29 points, down 0.99%. The data show a total net outflow of 1.804 billion yuan to the north. Of this total, the net outflow of Shanghai shares was 1.268 billion yuan, and that of Shenzhen shares was 536 million yuan.
Plates and individual stocks
Aquaculture plate performance strong, as of the close, a good head of the board rose, the League of Nations aquatic products, Swertia Island, probiotics shares rose one after another.
Plate capital flow
Main net inflow into the top five sectors of the industry: banking, aquaculture, hotels and catering, household light industry, transportation equipment services
Main net inflow into the top five conceptual plates: chicken farming, marine equipment, gold concept, goodwill impairment, ecological agriculture
The main net inflow into the top 10 stocks: industrial Union, Agricultural Bank, Great Wall of China, Lixun Precision, BOE A, Ping an Bank, Leo shares, China Information, Angel yeast, China Railway Construction
Abnormal review
Aquaculture plate opened high, good head of the opening limit, the League of Nations aquatic products rose 6%, Shengnong development, probiotics shares and so on.
Pork concept continued to pull up, Zhenjing shares, Guanghong holding rose by the limit one after another, probiotics shares, Zhengbang science and technology, new hope and so on have pulled up
The digital currency plate was active in early trading, Hanye shares and Sifang rose by the limit, wisdom shares rose by more than 6%, and Koda shares and Julong shares rose.
Garbage classification concept pulled up, Evergrande high-tech limit, Longma sanitation, Baiyang shares, Tianqi shares and so on.
The concept of gold rose, Jinzhou Cihang touchpad, Zhongrun resources rose more than 5%, Yuancheng gold, Ronghua industry, western gold, Hengbang shares rose
Securities plate weakened, Great Wall Securities, first Entrepreneurship, Guosheng Financial Control, Hualin Securities, Everbright Securities and other collective decline
The concept of liquor continued to decline, Shunxin agriculture fell 6%, Jinhui wine, today's fate, mouth cellar, Yingkai tribute wine and other collective weakness
Consumer electronics plate pulled up, macro and technology rose in a straight line, Jinlong electromechanical earlier seal board, Furong science and technology, star technology, Jierong technology and so on
Bank stocks rose slightly, Zhangjiagang Bank rose 4%, Wuxi Bank, Ping an Bank, Guiyang Bank, Industrial and Commercial Bank of China rose slightly.
OLED concept quickly pulled up, Xiangshan shares rose 7%, BOE A, Huaying technology, Liande equipment, deep horse A and other collective strength
Science and Technology Innovation Board strengthened after noon, microcore biology rose by the limit, and the shares of mountain and stone net, audio holding and Jingchen rose more than 5%.
Message surface
[point to introduce funds into the market through the three measures of the Social Security Fund and the Securities Regulatory Commission of Insurance Enterprises]
As an important task in the "Deep Reform 12", there is now a clearer path to guide more medium-and long-term funds into the market. According to a document issued by the CSRC on October 22, at a forum held on October 21 by Yi Huiman, chairman of the CSRC, responsible persons of social security funds and some insurance institutions, the meeting briefed on the relevant situation of comprehensively deepening the reform of the capital market, and listened to opinions and suggestions on speeding up the reform of the capital market and guiding more medium-and long-term funds to enter the market. In this meeting, the CSRC proposed that it will gradually promote the promotion of the proportion of medium-and long-term funds into the market from three aspects. (Beijing Business Daily)
[regulators have spoken four times! Promote insurance funds to increase the proportion of equity assets investment in the hundreds of billions of funds waiting for the market]
According to insurance company sources, at present, the Banking and Insurance Regulatory Commission is studying the relevant detailed rules to increase the proportion of equity assets of insurance companies. Once the details fall to the ground, the insurance capital will be "increased" the level of equity asset allocation. Analysts believe that if the upper limit of insurance equity investment is raised to 40 per cent, it will bring an incremental capital of 700 billion-800 billion yuan to the A-share market. (China Securities News)
[the first batch of annual reports soared the stock list of the highest net profit growth of more than 8 times! These have been urgently raised in target prices]
Statistics show that there are nearly 50 stocks in advance of the 2019 full-year performance forecast. The type of performance forecast shows that there are 23 additional stocks and 8 pre-surplus stocks, accounting for nearly 70% of the announced performance forecast, and 6 and 7 stocks are expected to decline and lose money, respectively. according to the type of performance forecast, there are 23 additional stocks and 8 pre-surplus stocks, accounting for nearly 70% of the announced performance forecast. From the estimated median net profit, Haikang Weiwei, Mirui Medical, Lixun Precision and other stocks are expected to make a profit of more than 1 billion yuan, and more than 10 stocks, such as Xinyangfeng, Laizhi Group, and Shenzhou Information, are expected to make a profit of more than 100 million yuan. Of these, Haikang Wei TV pre-increased by 5% to 20%, according to the median net profit is expected to exceed 12.7 billion yuan in the first place. Merrill expects full-year net profit to be between 4.5 billion yuan and 4.8 billion yuan, up 20 to 30 per cent from a year earlier. In addition, Lixun Precision, Shengnong Development, Laureate Power and other stocks are expected to exceed 3 billion yuan in annual net profit. (data treasure)
[the United States says the Chinese economy has the worst response in 57 years.]
Since the beginning of this year, China's economic operation has maintained a good momentum of steady and steady development. Gross domestic product grew 6.2% in the first three quarters from a year earlier, the fastest rate among the world's major economies. At a time when there has been a marked increase in the risks of internal and external difficulties, this achievement has not been easy for China to achieve. The economic growth rate has slowed slightly, which is in line with the development direction of China's economy from the stage of rapid growth to the stage of high-quality development. Some people question China's economic data, there is no factual basis, there is no reason, and it is untenable. (People's Daily)
[Huawei unveils its first 5G folding screen smartphone, Mate X]
Huawei has unveiled its first 5G folding screen smartphone, the Mate X, the first officially available folding screen phone in China. When closed, it is a 6.6-inch folding phone with a home screen, and when unfolded, it becomes an 8-inch "tablet" with a thinnest thickness of 5.4 mm. Huawei Mate X 5G supports both SA and NSA networking methods, and supports 5G+4G dual cards and dual standby. (Securities Times)
[Zhong Shan, Minister of Commerce: policies and measures to be taken out of Taiwan to promote the High quality Development of Trade]
Since the reform and opening up, China's foreign trade has developed rapidly, but at present, great changes are taking place in the internal and external environment for the development of foreign trade. Specific policies and measures to promote the high-quality development of trade are about to leave Taiwan. Zhong Shan, minister of commerce, revealed the news at the 14th meeting of the standing Committee of the 13th National people's Congress on October 23 when he reported on speeding up the transformation and upgrading of foreign trade and promoting the high-quality development of trade. (Caixin Network)
Institutional point of view
Dongxing Securities said the core driving force in the market would return to earnings certainty. Capital and market sentiment will not improve significantly, there is not expected to be a general rally in the first quarter.
Haitong Securities believes that the current market volume, the market upward power is insufficient, but the selling pressure has also been very light, the market short-term lack of hot spots that can drive popularity, is still lack of a clear direction. From the index point of view, it is expected that the later stage of the market is likely to continue to fluctuate repeatedly at 3000 points for a period of time before making a choice of direction. At present, the global environment is becoming more and more severe, in this context, the central government's next decision-making and deployment policy is worth looking forward to. Among them, the modernization of national governance has received widespread attention, information and data is an important basis for modern governance, information to promote the modernization of national governance system and governance capacity may become an important direction, it is suggested that investors can actively pay attention to high-quality enterprises in related fields.
Chuancai Securities said that in terms of liquidity, the short-term external environment is relatively loose, with the Federal Reserve likely to cut interest rates by a few points in October. This week, the central bank put in a net investment of 250 billion through reverse repo, but shibor interest rates continued to fluctuate upward. The central bank is still likely to maintain a reasonable abundance of liquidity in the short term. On the capital side of the stock market, the recent acceleration of IPO, especially the second batch of centralized listing of the Science and Technology Department, the short-term stock market liquidity is facing some pressure. In terms of industry configuration, under the stagflation environment, the main line of configuration in the fourth quarter turned to undervalued blue chips, such as big banks, real estate, must-choose consumption and other large financial and consumer undervalued sectors; growth is more of an adjusted layout opportunity, which is greatly affected by liquidity and performance expectations, and the sustainability of the current growth performance improvement remains to be seen.
Guojin Securities pointed out that the recent net inflow of foreign capital, the next step needs to pay attention to the third step of MSCI expansion, foreign capital increment is expected. In October, foreign capital continued to inflow, with a cumulative net inflow of 16.2 billion yuan. For the fourth quarter, the proportion of A-shares in MSCI will rise from 15 per cent to 20 per cent in November, while 20 per cent of mid-cap shares will take effect after trading on November 26, with passive incremental funding expected to be about Rmb49.3 billion. At that time, the incremental foreign capital will flow into the A-share market, which will boost the market sentiment; in the medium to long term, the inflow of foreign capital will be the trend of the times, the right to speak for foreign capital will gradually increase, and the impact on the market will also be increased.
Guoxin Securities financing strategy group pointed out that the short-term stock index may still have volatile demand, but the overall valuation advantage is more obvious, the space to explore is limited. In addition, with the improvement of the economic structure and the gradual entry of medium-and long-term funds into the market, the medium-term market is expected to continue to maintain the characteristics of structural activity. In the near term, the narrow range and low volatility of the market will help to focus on the identification of the texture of the target itself. Strategically, we can continue to carry out medium-term layout around performance potential, policy direction, digital economy and so on.
Investment strategy: merger and reorganization of new rules to promote the new science and technology cycle in the next two years is the year of information security investment.
The new restructuring rules are expected to promote industrial transformation and upgrading, and in particular allow high-tech industries and strategic emerging industry-related assets that are in line with the national strategy to be reorganized and listed on the gem, further dredging financing channels for emerging industries and benefiting the science and technology sector.
Northeast securities analysis, in operation, bargain can be moderate layout but not impatient, game October N trend of the last stroke, based on performance, style moderate balance, taking into account low valuation and scientific and technological growth, low valuation policy counter-cyclical stable growth of beneficiary stocks and blue chip gradual layout; we can also pay appropriate attention to Zhuhai, Shanghai and other regional theme stocks.
In terms of industry allocation, Guosheng Securities proposes to pay attention to three main lines: the prosperity to the upper sub-industry, the undervalued weight plate, and the long-term continuous good outlook on the core assets represented by the leader.
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