SMM10 15: three major stock index opened lower in early trading, the market hot digital currency and other plates fell one after another, blue chip technology and other topics in the concept of stock market correction, the market index is also gradually lower. On the whole, the mood of wait-and-see for city funds rose again, and stocks in the two cities fell more and less. Near the end of the morning, the performance of the three major stock indexes are still weak, Shenzhen Composite Index, gem index fell by more than 1%, Prev index fell. On the disk, Guangdong-Hong Kong-Macau Greater Bay Area plate is still strong, liquor and other plates in the plate pull up, of which it is worth noting that Guizhou Maotai (1202.080, 22.08, 1.87%) stock prices break through the 1200 yuan mark. Overall, market sentiment is worse than yesterday, individual stocks fell, making money effect is poor. By midday, the Shanghai index was down 2991.90 points, down 0.53 per cent, the Shenzhen Composite Index was down 9688.51 points, down 1.00 per cent, and the Chuang Index was at 1665.84 points, down 0.81 per cent.
Abnormal review
The digital currency plate fell sharply at the beginning of the day, Golden Crown shares fell 5%, UnionPay Jinhui, Feitian Integrity and so on.
Pork plate pulled up, Kangdahl rose 5%, Tianbang shares, Germany and the United States Chemical, Tang Renshen and so on.
Domestic software plate fell, four-dimensional chart fell by the new limit, Dongfang Tong, Oriental Network Power, Vertex Software, Silver Jie weakened
Port shipping plate rose, Zhuhai port rose more than 5%, investment ships, Guangzhou port, Yantian port, Cosco Haite rose
Animal vaccine plate strengthened, Rip biological seal board, Chinese animal husbandry shares rose 4%, Plaike, Pulo Pharmaceutical, Tianbang shares strengthened one after another.
The concept of liquor continued to rise, Shanxi Fenjiu rose nearly 4%, willing to drive tribute wine, alcoholic wine and other collective higher
The banking sector rebounded slightly, with Jiangsu Bank, Suzhou Bank, Bank of Shanghai, Bank of Chengdu and so on all pulling up the protective plate.
Message surface
[national Bureau of Statistics: consumer Price (CPI) rose 3% in September compared with the same period last year]
In September 2019, consumer prices rose 3.0 per cent year-on-year. Of this total, cities rose 2.8 per cent and rural areas 3.6 per cent; food prices rose 11.2 per cent and non-food prices rose 1.0 per cent; consumer prices rose 4.0 per cent and service prices rose 1.3 per cent. On average, consumer prices rose 2.5 percent from January to September over the same period last year. Consumer prices rose 0.9 per cent in September from a month earlier. Of this total, cities rose 0.7 per cent and rural areas 1.3 per cent; food prices rose 3.5 per cent and non-food prices rose 0.2 per cent; consumer prices rose 1.5 per cent and service prices fell 0.1 per cent.
[the directional reduction in the central bank portfolio reduction was implemented for the first time today] Today, the directional reduction in the central bank portfolio reduction was implemented for the first time. In September, the central bank announced an across-the-board cut in the reserve requirement ratio for financial institutions by 0.5 percentage points on September 16 (excluding finance companies, financial leasing companies and auto finance companies). In addition, the reserve requirement ratio of city commercial banks operating only in provincial administrative areas will be reduced by 1 percentage point, which will be implemented twice on October 15 and November 15, each by 0.5 percentage point. (Securities Daily)
[Li Keqiang: put steady growth and maintaining economic operation in a more prominent position within a reasonable range] to do a good job in the next step of economic work, we must persist in taking Xi Jinping's thought of socialism with Chinese characteristics in the new era as a guide, enhance our sense of urgency and sense of responsibility, concentrate our energy on handling our own affairs, do a good job in the first important task of development, and put stable growth and maintaining economic operation in a more prominent position in a reasonable range. We should further explore the driving force for reform and opening up, tap the potential for demand in the domestic market, cultivate new effective investment and consumer demand under the guidance of improving people's livelihood, enhance the resilience of economic development, withstand the downward pressure of the economy, promote stable employment growth, maintain basic stability in prices, do a solid job in ensuring people's livelihood, ensure the completion of the main objectives and tasks for the whole year, and lay the foundation for steady economic growth next year. (China Securities News)
Institutional point of view
The recommendation logic of China Merchants Securities for Guizhou Maotai is, "Guizhou Maotai multiple measures to ensure the stability of approval prices." Recently, Maotai policy has frequently allowed dealers to implement fourth-quarter quotas ahead of schedule, and at the same time cooperate with e-commerce directly to land. In the short term, it will help calm the rapid rise in wholesale prices and facilitate real consumption. It is expected that the near-term wholesale prices will fall slightly, and at the same time, it will be good for the third quarter report, and stable growth is guaranteed. In view of the tight pattern of supply and demand, as well as e-commerce to open up more new consumers, it is expected that the approval price space will remain stable by the end of the year, and the scenery of high-end liquor will continue. "
Zhongyuan Securities: after the A-share market jumped short and opened high on Monday, the A-share market rose step by step, the two cities reappeared the general rising pattern, and the mainstream sectors, such as big finance, software technology and pharmaceutical manufacturing, rose one after another, driving the Shanghai index to break through the 3000-point integer barrier again. The trading volume of the two cities also showed a trend of simultaneous amplification, indicating a significant increase in the enthusiasm of the over-the-counter incremental funds coming into the market. It is worth noting that in the afternoon, the stock indexes of the two cities rose and fell, and the Prev index basically fluctuated strongly around 3000 points throughout the day. Whether the Prev index can continue to fluctuate and rise in the future, it still needs the effective coordination of policy and macroeconomic data. We recommend that investors continue to pay close attention to changes in the policy side, the capital side and the outer disk.
The Prev is expected to continue to test the effectiveness of 3000 breakthroughs in the short term, and the gem is likely to continue to rush higher in the short term. We recommend that investors pay close attention to investment opportunities in sectors such as banking, software technology and pharmaceutical manufacturing in the short term, while the middle line suggests that we continue to pay attention to investment opportunities in some undervalued blue chips.
Hualong Securities: yesterday's trade data did not meet expectations, indicating that there is still room for downside. And the current impact on the market factors also include the speed of IPO issuance and the scale of lifting the ban, this week's new issue speed, lifting the ban scale is also the largest in the near future, so the overall operation of investors to maintain 50% of the overall position, part of the layout before and after the National Day can choose to stop the profit operation in the short term. Future shock market opportunities focus on several aspects: the three-quarter earnings determined plate; the first half of the strong performance of finance, consumption, technology will continue to perform in the future; in addition, under the influence of fourth-quarter policies, there are supplementary opportunities for cars and infrastructure.
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