SMM10 16: three major stock indexes opened slightly higher in morning trading, Prev shock rose back to 3000 points above, financial, real estate stocks have issued force one after another. Subsequently, banks and other weight plates fell back one after another, and the three major indexes generally weakened. Money is willing to do long general, near the morning close, three big finger market after a sudden decline, the Shanghai Stock Exchange 50 small dive. Plate rotation accelerated, the performance of the index is better than the Prev index, stocks mixed, the weight of the plate fell back again, the concept of the subject matter has a strong trend. The market was in a strong wait-and-see mood. By the end of the morning, the Prev index closed at 2982.74 points, down 0.28 per cent, the Shenzhen Composite Index closed at 9675.48 points, up 0.04 per cent, and the index closed at 1664.98 points, up 0.25 per cent.
Abnormal review
The concept of liquor fell, Guizhou Maotai fell more than 3%, the third quarter revenue growth rate declined, alcoholic wine, Wuliangye, Shanxi Fenjiu and so on have weakened
The network security plate pulled up, Ren Zi pulled up the seal board, national technology, mountain stone net, north information source and so on.
Banking sector strengthened, Bank of Nanjing rose nearly 3%, Industrial Bank, Changshu Bank, China Merchants Bank and other collective pull up
Insurance and other sectors strengthened, Xishui shares rose in a straight line, Huajin Capital opened and closed, Ruida Futures, Tianmao Group, China PICC, China Life Insurance and so on.
Securities plate pulled up, Huachuang Yangan rose 5%, Huaxin shares, Zhejiang Securities, Caitong Securities and so on.
The environmental protection engineering plate rose rapidly, the Botian environment rose by the limit, the first environmental protection rose by more than 3%, Dechuang environmental protection, Ba'an water affairs, China re-capital ring, Guotong shares, and so on.
Digital China plate strengthened, Rongji software rose by the limit, iFLYTEK, Jiuqi software, Shenzhou Digital, Yi Hualu, Blue Shield shares rose.
Banking sector fell, Ping an Bank fell nearly 3%, Changshu Bank, Green Agricultural Bank, Suzhou Bank fell more than 2%
Message surface
[heavyweight! Opening up the financial industry to speed up the entry conditions for foreign insurance and relax the scope of business of foreign banks]
On October 15, the State Council promulgated a decision on amending the regulations of the people's Republic of China on the Administration of Foreign Insurance companies and the regulations of the people's Republic of China on the Administration of Foreign Banks Liu Fushu, chief lawyer of the Banking and Insurance Regulatory Commission, introduced at a routine policy briefing of the State Council on the 15th that in the next step, the Banking and Insurance Regulatory Commission will leave Taiwan as soon as possible, such as the "detailed rules for the implementation of the regulations on the Administration of Foreign Banks" and the "detailed rules for the implementation of the regulations on the Administration of Foreign Insurance companies," and form a more perfect system of opening (China Securities News)
[Ministry of Ecological Environment issues "Action Plan for Comprehensive Control of Air pollution in Autumn and Winter 2019-2020 in Beijing, Tianjin, Hebei and surrounding areas"]
The Ministry of Ecological Environment issued the "Action Plan for Comprehensive Control of Air pollution in Autumn and Winter 2019-2020 in Beijing, Tianjin, Hebei and surrounding areas", requiring that the average concentration of PM2.5 in Beijing, Tianjin, Hebei and surrounding areas during autumn and winter decreased by 4% compared with the same period last year, and the number of days of severe and more pollution decreased by 6% compared with the same period last year
["domestic spin-off listing" consultation feedback hot market look forward to landing as soon as possible]
It has been nearly two months since the "domestic spin-off and listing" policy solicited public advice. A reporter from the China Business News learned that the CSRC has received some information feedback one after another, including eagerly expecting the spin-off listing policy to land as soon as possible. It also includes the hope that some of the existing doubts will be explained, and some of the feedback will put forward suggestions on whether the spin-off standards can be appropriately lowered. The CSRC is conducting in-depth argumentation and research on the relevant opinions and suggestions. (China Business News)
Institutional point of view
Tianfeng Securities: yesterday's market contraction lost 3000 points, the overall adjustment of science and technology stocks, the performance is lower than expected or the main reason. However, driven by the superimposed factors such as 5G construction, scientific and technological innovation and domestic substitution, the investment opportunities of science and technology stocks are far from over. Technology stocks may also have to absorb the negative performance in the short term, but the performance-backed quality technology stocks are still full of opportunities after the adjustment. In addition, the market will continue to shock-based, recent attention to undervalued up the plate, key industries: banking, home appliances, food, wind power and so on.
Northeast Securities: on the whole, the backtracking of the market is mainly attributed to: on the one hand, CPI exceeded expectations to rise to 3.0%, while PPI fell 1.2%, pork prices led prices upward, CPI remained high, and may enter the range of 3-4% in the later stage, which restricts the space of monetary policy. On the other hand, a large number of listed companies early warning data disclosure, gem performance differentiation, the decline in the proportion of pre-increase led to a significant decline in the homeopathy of many stocks with poor performance. Of course, the short-term market trend is too strong, technical oversold factors dispelled; therefore, the short-term market may be in October N trend of the second, moderate step back, waiting for the policy of important meetings to be good. Moderately step back so that the market maintains shock isolation and completes the right shoulder of the M head; in general, it is possible to step back between the half-year line and the 20-day moving average. In operation, moderately high cash income, in order to wait for the market to step back after the appropriate compensation, band operation; in the direction, the financial season takes into account the low valuation and performance growth, configuration is relatively focused, taking into account the size of non-reduction and IPO privacy, so relatively play down the pure garbage stock speculation.
Soochow Securities: since September, the market has continued to maintain the trend of concussion and consolidation, in the absence of the expected positive performance of the market and the fact that public offering funds have achieved the fourth best return in history this year, from a game point of view, we put forward a cautious attitude towards the neutrality of the market. It is for this reason that we recommend shifting the position allocation to 1/3 consumption, 1/3 technology white horse and 1/3 high dividend portfolio represented by banks, real estate, cars and household appliances.
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