SMM8 month 2 news: affected by the external news, the two cities opened low, followed by a slight rise in the index, the index in the morning continued to concussion, agricultural planting, rare earth plate to become the main force of the rise, the two cities rose only more than 300 stocks. Near the close of the morning, the decline of the two markets widened again, the Shenzhen Composite Index fell more than 2%, stocks generally fell. In the afternoon, the three major stock indexes recovered, the overall decline narrowed. On the market, rare earths, Science and Technology Innovation Board plate rose, the second new shares collectively rose, Science and Technology Innovation Board more than 20 stocks rose more than 10 per cent. Near the end of trading, the decline of the two markets narrowed significantly, property stocks moved differently at the end of the day, Science and Technology Innovation Board stocks fell back collectively.

By the end of the day, the Prev index closed down 1.41% at 2867.84 points, the Shenzhen Composite Index closed at 9136.46 points, down 1.42%, and the Creative Index closed at 1556.74 points, down 1.09%. As of the close of A shares, the total net outflow of northbound funds was 6.812 billion yuan. Among them, the net outflow of Shanghai stocks was 4.656 billion yuan, the net outflow of deep stocks was 2.156 billion yuan, and the northward capital outflow was 3 days in a row.

Plates and individual stocks

In the first half of 2019, China's agricultural imports and exports totaled US $108.65 billion, an increase of 1.4 percent over the same period last year. Of this total, exports were US $36.81 billion, down 2.5 per cent; imports were US $71.84 billion, up 3.5 per cent; and the trade deficit was US $35.03 billion, an increase of 10.6 per cent. Wanxiang Denong, agricultural seed industry, Shennong science and technology, Dunhuang seed industry, Su Keng agricultural and other stocks have risen one after another.

According to the Ministry of Industry and Information Technology, the production of rare earth catalytic materials in the first half of 2019 showed that in the first half of 2019, the output of motor vehicle exhaust purification catalysts was 7.6 million liters (independent brand), down 13 per cent from the same period last year. The output of petroleum cracking catalyst was 105000 tons, an increase of 2 per cent over the same period last year. Galaxy magnet, gold permanent magnet limit, Minmetals rare earth, Ningbo Yunsheng, Zhenghai magnetic materials, Yingluohua and other multi-strands pull up.

Plate capital flow

The main net inflow into the industry plate top five: non-automotive delivery, new materials, non-ferrous smelting processing, planting and forestry, agricultural services

Main net inflow concept plate top five: rare earth permanent magnet, small metal concept, new material concept, corn, high iron

The main net inflow into the top 10 stocks: China Tong number, Central shares, Northern rare Earth, Ziguang Guowei, Minmetals rare Earth, Jinli permanent Magnet, China Software, Baogang shares, FiberHome Communications, Yanghe shares

Review of abnormal movement

Rare earth plate opened high, galactic magnet, gold permanent magnet rose by 9%, Yingluohua rose 9%.

The gold plate opened higher, with Yintai Resources, Shandong Gold, Hengbang shares up more than 4%.

Science and Technology Innovation Board Ruichuang micro open 7.6%, Wolde up 3%, traffic control technology up 2.5%

Fluorine chemical industry rose slightly, Zhongxin fluorine material rose nearly 4%, polyfluoride was close to turning red, Juhua shares, Binhua shares followed by agricultural stocks opened actively, Wanxiang Denong rose 7%, Fengle seed industry rose 6%, Dunhuang seed industry rose 5%.

Olympian Electronics dived in a straight line, from rising limit to 9%, after the company rose 78% in the previous nine days.

Science and Technology Innovation Board shares strengthened collectively again, Wolde and Ruichuang Weizhong rose more than 10 per cent, and Hanchuan Smart and Fangbang shares rose more than 7 per cent.

Many stocks in the animal vaccine and health care sector rose, Rip Biology rose 7 percent, Jinxinnong rose 5 percent, and Plaiko and Zhongmu shares rose 4 percent.

The domestic chip plate is moving differently, Beijing Jun is rising the limit, Ashi is up 5%, Science and Technology Innovation Board Ruichuang Weiner is up 12%, and the technology is up 4%.

Science and Technology Innovation Board chip shares rose by 20 per cent, while Hanchuan Smart and Wolde rose 10 per cent.

Fluorine chemical industry continued to pull up, Zhongxin fluorine material rose 8%, polyfluoride rose 4%, Sanmei shares, Jacques technology, Binhua shares, etc., rose more than 1%, after Japan removed South Korea from the trusted export "whitelist"

Rare earth plate rose again, Milky way magnet, gold permanent magnet rose limit, Minmetals rare earth rose 9%, Ningbo Yunsheng, north mine science and technology, Yingluohua and other shares rose more than 7%

Science and Technology Innovation Board broke out again, Ruichuang micro rose the limit, Wolde, China Tong, Tianyi Technology, Tianyi Superior, Huaxing Yuanchang, Hanchuan Intelligence and other collective rose by more than 10%.

The concept of free trade in Shanghai changed in the afternoon, Changlian shares, Shanghai property Trade, Shanghai Yashi, Shanghai Port and other collective rise against the trend.

Near-end new stocks collectively rose, Fu Rong science and technology rose by the limit, Songyang resources, China Weitong, friend food, etc., followed by the rise.

Science and Technology Innovation Board shares rose more than 15 percent in the afternoon, Wolde and China rose more than 15 percent, Tianzi Technology and Hanchuan Intelligence rose 12 percent, and Ruichuang rose by 12 percent in early trading.

Science and Technology Innovation Board Wolde rose 170% in the afternoon, rising 170% in 9 days, China Tonghao and Fuguang shares rose more than 15%, and 10 stocks such as Hanchuan Intelligence and Tianzi Technology rose more than 10%.

The decline in the late trading of the two markets was significantly narrowed, with the gem falling less than 1%, with rare earths, agriculture and other sectors leading the way.

Science and Technology Innovation Board shares dived in late trading, and Wolde opened the board, after more than 20 stocks rose 10 per cent.

Today's message

[Wang Yi responds to Trump's threat of imposing tariffs: definitely not the right way]

State Councilor and Foreign Minister Wang Yi, who attended the ASEAN Foreign Ministers' meeting, said this morning in response to a question raised by a reporter from Shenzhen Satellite TV on Trump's claim to impose tariffs on Chinese goods: I have just seen the news. Levying tariffs is definitely not the right way to solve economic and trade frictions! Earlier, US President Donald Trump announced that he would impose a 10 per cent tariff on $300 billion of Chinese imports from September 1.

[foreign investment is expected to continue to increase the size of the A-share market in the second half of the year.]

Since the beginning of this year, the continued inflow of foreign capital into the A-share market has continued unabated, and in the second half of the year, there will be a queue of multiple foreign investors to enter the market. Influenced by the fact that foreign capital generally has the characteristics of long-term funds, the continuous inflow of foreign capital helps to improve the investor structure of A shares, thus changing the investment style of A shares; at the same time, it also reflects the trend of opening up of China's capital market to the outside world. this is fundamentally conducive to the development of the A-share market.

[whether or not the central bank responds to interest rate cuts: it will be adjusted and fine-tuned in a timely manner in the light of the situation]

So far this year, 22 countries around the world, including the United States, have announced interest rate cuts. As to whether China will follow up on interest rate cuts, Sun Guofeng, director of the Monetary Policy Department of the people's Bank of China, said that in the next stage, the people's Bank of China will implement a prudent monetary policy, closely monitor changes in the economic and financial situation at home and abroad, adjust policies in a timely manner according to China's economic situation and price changes, maintain reasonable and abundant market liquidity, and maintain reasonable and stable interest rates.

[venture capital entering the market will welcome the policy warm wind 300 billion yuan to 500 billion yuan is expected to enter the market]

As an important institutional investor in the capital market, the long-term capital attribute of insurance funds determines the positioning of long-term value investors of insurance funds. At the same time, insurance funds are also important incremental funds for A-shares. In early July this year, Liang Tao, vice chairman of the CBRC, said: next, we are considering giving insurance companies more investment autonomy and further increasing the proportion of securities investment under the principle of prudential supervision. at present, the CBRC is actively studying increasing the proportion of supervision over the rights and interests of insurance companies.

[Japan decides to remove South Korea from the "white list" of trade preferences]

According to foreign media reports, at a cabinet meeting on the 2nd, the Japanese government decided to amend the decree to remove South Korea from the "whitelist countries" that have set up preferential treatment in the management of safe and secure exports.

Today's institutional point of view

Citic Securities believes that compared with US stocks, the valuation of the domestic market is not high. Recently, the A-share market has not rebounded significantly, that is to say, there is not much reaction to the optimistic expectations of the outside world. In addition, after the Fed cut interest rates, China will have more room for monetary policy, which will lead to some new expectations.

Hualong Securities: on the technical side, the trading volume of the two markets has been slightly magnified, the wait-and-see mood of the market has not changed, and short positions dominate; the market index has fallen continuously below the 60-day moving average, and the upper average has re-oppressed the index; the weekly level index has fallen below the 5-week moving average. In operation, radical investors suggest that we should grasp the market trend, look for positive and excellent stocks in the industry, control the position, and operate in the timely band. According to the news surface can pay attention to agriculture, forestry, animal husbandry and fishing, hydrogen energy and other concepts and related industries. Robust investors suggest waiting for the emergence of market trend opportunities, select clear signals, indicators of low-level stocks to obtain market returns.

China Merchants Securities: in July, the net inflow of capital to the north declined, the proportion of shareholding increased slightly, and the concentration of shareholding fell for the third month in a row. The market value of the main board fell, and the proportion of small and medium-sized enterprises increased. Northbound funds mainly reduced positions in food and beverage and non-bank finance, increased positions in banks, home appliances and communications, especially in the last week of technology stocks increased the size and intensity of the increase. The second expansion of MSCI, which is expected to bring about 24.5 billion yuan in passive increments, will close on Aug. 27. If the exchange rate does not fluctuate significantly, the probability of active funds will also be arranged ahead of schedule in August.

Everbright Securities: small and medium-sized Enterprises have a better chance of winning

Looking back, the logic of "weak data, loose policy" is still going on, and Everbright Securities maintains a bigger judgment on the winning prospects of small and medium-sized enterprises. Science and Technology Innovation Board's impact on the market will gradually weaken, but if the valuation premium continues, it is expected to continue to boost the overall valuation of small and medium-sized technology enterprises.

Industry configuration recommendations focus on automotive, TMT, military and finance. Science and Technology Innovation Board's performance exceeded expectations because the three main logic of the valuation premium of new shares remained unchanged (restrictions on the lock-up period of major shareholders, low proportion of outstanding shares and high fundamentals are difficult to prove false), and this valuation premium of new shares has existed for a long time in the history of A shares. It is expected that the valuation premium of new shares may narrow in the future, but it will not disappear.

Xingye Securities: the Market is dominated by structural opportunities

Looking forward to August, investors play each other on fundamentals and risk preference expectations, and the market is dominated by structural opportunities. Specifically, 1) Science and Technology Innovation Board has opened the board, continued trading, the emerging growth direction of risk preference, valuation of the anchor promotion possibility. 2) the progress of the resumption of economic and trade dialogue between China and the United States has an impact on market risk preference. 3) judging from the leading indicators, the downward pressure on the economy in the third quarter is greater, superimposed on the monthly report in mid-August, and the change in fundamental expectations is the key factor in determining the duration of structural opportunities.

Specific to the industry allocation level, Societe Generale Securities believes that it mainly focuses on two aspects. 1) the core assets pay attention to the financial real estate and manufacturing direction of "few people" and "cool" (high value-to-price ratio). 2) with regard to the emerging growth direction, pay attention to 5G, Huawei's domestic alternative industrial chain and so on.

Relevant information

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