Home / Metal News / [stock market close] A-share size index fluctuated and closed higher and Prev stood firm at 3700 points.

[stock market close] A-share size index fluctuated and closed higher and Prev stood firm at 3700 points.

iconSep 10, 2021 16:41

Today, the size index fluctuated in a narrow range in the afternoon, banks and other heavyweights were strong, and the Prev stood firm at 3700 points, but individual stocks fell generally, and the market earning effect was poor. The turnover between the two cities exceeded 1.5 trillion yuan, breaking the trillion yuan for the 38th trading day in a row. Semiconductor chip stocks continued to pull up, Lion rose slightly; Lithium mining stocks continued to strengthen, Yongtai science and technology sealed the board; silicone concept pulled up, Hesheng silicon industry once rose by the limit. From the disk, semiconductor chips, UHV, fluorine chemicals, cobalt, gold and other plates rose in the forefront, mining services, coal, medium ship system, electricity, iron and steel and other sectors led the decline. By the close, the Prev index was up 0.27%, the Shenzhen Composite Index was up 0.5%, and the gem index was up 0.31%. Northbound funds bought 3.619 billion yuan net throughout the day, with a cumulative net purchase of more than 14 billion yuan this week.

For the future market trend, institutions have expressed their views.

Founder Securities research believes that due to the volume-price relationship of price decline and increase in volume, there is also pullback pressure in the short-term market, and it is arranged horizontally in the way of intraday shocks, as we expected, it will build up momentum below the high of 3731 points during the year, and only with full potential, the market will effectively break through 3731 points, and the short-term momentum will not change the rising trend of medium-and long-term shocks. Operationally, we pay attention to finance, the prefix of "medium", the concept of "carbon neutralization", electric power, military industry, high-end manufacturing, environmental protection and stock prices at the bottom of the second line of blue chips, avoiding excessively high stocks and overvalued stocks in the recent period of time, and continue to wait and see for traditional consumer stocks such as liquor and medicine.

Shanxi Securities said that combined with earnings expectations, the overall valuation of A-shares is still low, the technology industry continues to maintain high growth, the consumer theme still has room to pick up, the overall fundamentals of A-shares are strong, and the long-term upward trend of the index continues. Plate, yesterday's cycle plate continued a strong trend, new energy plate callback. The sharp rise in the prices of commodities such as coking coal, steel and non-ferrous metals once again pushed up the stock prices of related sectors. Commodity prices are at an all-time high, although due to production restrictions, surrounding epidemics, accidents and other events, their prices will remain high for some time in the future, but the downside risks of high prices gather, and the degree of chip congestion is already high. Investors are not recommended to chase high. In addition, at present, the pharmaceutical plate is in the bottom-building stage, and the long-term logic of the plate remains unchanged. In addition to the market funds, the decline in consumption is the main fundamental inducement. In the future, with domestic consumption gradually picking up, shock and recuperation will usher in the next round of rise, focusing on the innovative drugs sector and the consumer health care sector, or will usher in a medium-term rebound.

China International Capital Corporation wrote that with the continuous transfer of advanced global application scenarios to China and certain constraints on the large-scale capital expenditure of the chemical industry under the "double carbon" policy, China's chemical industry will enter a new stage of innovation and development. Companies leading in R & D and innovation are expected to usher in new growth opportunities. In the fields of synthetic biology, gene breeding and new energy materials, China is at the same starting line with foreign countries in cutting-edge research and industrialization, and it is a large number of new tracks suitable for the layout of domestic chemical enterprises.

Stock market
ups and downs
capital flows

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All