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bull stocks are shaking! first the ceiling and floor, then the floor and ceiling

2024-09-13

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a-shares accelerated their dive in late trading, with the shanghai composite index continuing to hit a new low for the period; hong kong stocks rose strongly, with the hang seng index being relatively strong, rising by nearly 2% at one point during the session.

specifically, the three major stock indexes fluctuated and fell in the late trading, accelerating downward in the late trading, with the shanghai composite index approaching 2,700 points and the chinext index falling by more than 1%. as of the close, the shanghai composite index fell 0.48% to 2,704.09 points, the shenzhen component index fell 0.88% to 7,983.55 points, the chinext index fell 1.07% to 1,535.17 points, and the beijing stock exchange 50 index rose 0.59% against the market trend; the total turnover of the two markets was 524.7 billion yuan, an increase of about 9 billion yuan from yesterday.

more than 4,000 stocks in the market were in the red, and liquor stocks fell again. rock shares hit the daily limit for two consecutive days; wuliangye fell more than 3% to a minimum of 109.2 yuan, a new low in more than 4 years; kweichow moutai once lost the integer mark of 1,300 yuan, hitting a new low since november 2022; gujing gongjiu, luzhou laojiao and others continued to hit new lows; the concept of state-owned enterprise reform was active, baobian electric won 7 daily limits on the 10th, zhongda an, qingdao doublestar and others hit the daily limit; the concept of pension moved in the late trading, phoenix shares and yuexin health hit the daily limit in the late trading; the real estate sector rose, electronic city, airport shares, china communications real estate and others hit the daily limit, and shahe shares rose by more than 5%; it is worth noting that huaying technology, which has been on the daily limit recently, has made significant changes during the day, and has successively walked out of the "sky-to-floor" and "ground-to-sky" trends. in addition, zhongcao spices, which landed on the beijing stock exchange today, closed up more than 240% at 25.6 yuan, and reached a high of 45 yuan during the day, a surge of 500%.

hong kong stocks rose strongly in the morning, with the hang seng index rising by nearly 2% at one point, but the gains narrowed in the afternoon. as of the close, the hang seng index rose 0.75% to 17,369.09 points, and the hang seng technology index rose 0.13% to 3,479.8 points. in terms of individual stocks, kangfang biopharma rose more than 9%, kanglong chemical and shandong gold rose more than 5%, zijin mining and haier smart home rose more than 3%; budweiser asia pacific and nio fell more than 3%.

end-of-day changes in pension concept

pension concept stocks rose sharply in the afternoon. as of the close, phoenix holdings and joyful health both hit their daily limit, rongjie health and zhisheng information rose by more than 6%, and aoyao health rose by nearly 4%.

on the news front, on september 13, the standing committee of the national people's congress voted to pass a decision on the implementation of a gradual delay in the statutory retirement age and announced it to the public, clearly stating that the statutory retirement age for male and female employees will be delayed simultaneously. over a period of 15 years, the statutory retirement age for male employees will be gradually delayed from 60 to 63, and the statutory retirement age for female employees will be delayed from 50 and 55 to 55 and 58 respectively.

the state council's measures on gradually delaying the legal retirement age stipulate that, from january 1, 2025, the legal retirement age of male employees and female employees whose original legal retirement age was 55 years old will be delayed by one month every four months, gradually delayed to 63 years old and 58 years old respectively; the legal retirement age of female employees whose original legal retirement age was 50 years old will be delayed by one month every two months, gradually delayed to 55 years old. if the state has other provisions, they shall prevail.

from january 1, 2030, the minimum payment period for employees to receive basic pension on a monthly basis will be gradually increased from 15 years to 20 years, with an increase of six months each year. employees who have reached the statutory retirement age but have not reached the minimum payment period can reach the minimum payment period by extending the payment period or making a lump sum payment in accordance with regulations and receive basic pension on a monthly basis.

the concept of soe reform is active

the concept of state-owned enterprise reform was active again today. as of the closing, zhongda'an, qingdao doublestar, ningxia building materials, baobian electric and others hit the daily limit, china textile standard rose nearly 7%, and sugon digital and harbin welding huatong rose more than 5%.

on the news front, wu qing, chairman of the china securities regulatory commission, said yesterday that the china securities regulatory commission will further comprehensively deepen capital market reform, continuously improve the quality of listed companies and investment value, give full play to the functions of the multi-level capital market system, support enterprises to grow and develop through equity and debt financing, futures risk management and other channels, and take multiple measures to activate the m&a and restructuring market.

in addition, the general department of system reform of the national development and reform commission issued a document on the 13th, proposing to promote the optimization of the layout and structural adjustment of the state-owned economy, formulate a guidance catalog for the optimization of the layout and structural adjustment of the state-owned economy, guide state-owned enterprises to further strengthen their strategic security, industrial leadership, national economy and people's livelihood, public services and other functions, improve the institutional arrangements for state-owned enterprises to promote original innovation, and deepen the reform of state-owned capital investment and operation companies.

it is worth noting that baobian electric has achieved 7 daily limit ups in the past 10 trading days. the company issued another risk warning after the market today, saying that after self-examination, the company's current operating conditions are normal; the company has no major events that affect the abnormal fluctuations in the company's stock trading price. no media reports or market rumors that may have a significant impact on the company's stock trading price were found; nor did they involve market hot concepts. on september 2, the company disclosed a suggestive announcement on the planning of major events by the controlling shareholder. the company's controlling shareholder, china north industries group corporation, is carrying out the integration of power transmission and transformation equipment business with china electric equipment group corporation. this integration may lead to a change in the company's controlling shareholder. the relevant plan still needs to go through the internal decision-making procedures and obtain approval from the relevant competent authorities. the relevant matters are uncertain.

liquor stocks fall again

liquor stocks fell again during the session. as of the close, wuliangye fell nearly 4%, hitting an intraday low of 109.2 yuan, a new low in more than four years; kweichow moutai fell more than 2%, and once lost the 1,300 yuan integer mark during the session, hitting a new low since november 2022; in addition, gujing gongjiu, shanxi fenjiu, luzhou laojiao and others all hit new lows for the period.

in terms of industry, the sales volume of the liquor industry rebounded slightly month-on-month from august to september, but the total demand in most regions still declined year-on-year. the pressure on the price side was significantly greater than the pressure on the sales side (the price pressure was represented by feitian). product sales mainly focused on the core traffic items in the price range of 100 yuan to 200 yuan and above 200 yuan.

china merchants securities pointed out that the industry and capital markets are generally pessimistic about the mid-autumn festival. from a fundamental perspective, the effect of the mid-autumn festival peak season has become less and less obvious in recent years. under this trend, it is more difficult for demand to exceed expectations, but this year the supply side has been differentiated. high-end and mid-high-end investment is more cautious than last year, and the policy investment in local wine is relatively positive. judging from the recent continuous adjustments in the capital market, sufficiently pessimistic expectations have been formed. if the two festivals can withstand the stress test (the price system is smoothly implemented), it is expected to form a stock price reversal. in terms of investment targets, the channel leverage itself is low, and the channel cycle of individual stocks driven by their own brand power is not strong, and it is very likely to transition smoothly. regional wine leaders with consolidated regional markets, enhanced brand potential, and relatively reasonable inventory can also maintain steady growth.

the consecutive "bull stock" huaying technology suffered a huge shock

today, huaying technology experienced a huge shock, with a trend of "ceiling and floor" and then "ceiling and floor", and the transaction volume increased significantly. the total daily transaction amount exceeded 2.2 billion yuan, and the turnover rate was 24.1%.

as of today's close, huaying technology has closed at the daily limit for five consecutive trading days. the company released a report on abnormal stock price fluctuations last night, saying that the company's net profit attributable to shareholders of listed companies in the first half of 2024 was -564 million yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was -572 million yuan. recently, the company's operating conditions and internal and external operating environment have not changed significantly. the company reminds that stock prices may be affected by multiple factors such as the macro-economy, market environment, industry development, company operating conditions and investor preferences. investors are advised to pay attention to trading risks, make prudent decisions, and invest rationally.