closing: shanghai composite index rises for three consecutive days, nearly 3,500 stocks fall, huawei's industrial chain sets off a daily limit
2024-09-20
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on september 20, the three major a-share indices rose and fell, with the shanghai composite index rising for three consecutive days. as of the close, the shanghai composite index rose 0.03%, the shenzhen component index fell 0.15%, and the chinext index fell 0.64%.
in general, more stocks fell than rose. wind data showed that nearly 3,500 stocks fell in the entire market. the turnover of the shanghai and shenzhen stock markets was 574.7 billion, down more than 50 billion from the previous trading day.
looking at the market, huawei kunpeng, communication services, network security, information technology innovation, real estate and other sectors led the gains, while china shipbuilding, wind power equipment, innovative drugs, insurance, bc batteries, steel and other sectors led the losses.
specifically, huawei's industrial chain soared, and concepts such as huawei kunpeng and hongmeng triggered a surge in daily limit stocks. many stocks such as changshan beiming, nantian information, and tuowei information hit the daily limit.
informatization concept stocks strengthened, with smart government affairs, state-owned cloud and other sectors leading the gains. qiming information and zhuolang technology hit their daily limit.
state-owned enterprise reform concept stocks continued to be active, baobian electric hit the daily limit for 9 times in 13 days, datang telecom, chongqing development, highly holdings, qiming information and others hit the daily limit.
cssc led the decline, with china shipbuilding falling more than 6% and china heavy industry falling more than 7%.
【fund flow】
the main funds net inflowed into sectors such as computers, real estate, and banks, and net outflowed from sectors such as power equipment, pharmaceuticals and biology, and national defense and military industry.
【organization views】
guojin securities believes that after the fed's interest rate cut, the a-share market fluctuated, and the subsequent focus will be on the extent to which the domestic central bank will open its monetary toolbox. in the short term, the sectors will rotate, and positions will be controlled to focus on the oversold rebound of the index. in the medium term, continue to focus on the fiscal policy.
citic securities pointed out that data elements are accelerating from resourceization to assetization and capitalization. in the first half of 2024, 52 listed companies carried out data asset inclusion work, with a total amount of 1.389 billion yuan, an increase of 1248% compared with the first quarter. in the second half of 2024, data elements will usher in a stage of intensive policy implementation, accelerating into a new development period with clear rules and regulations, implementation paths and application scenarios.
kaiyuan securities believes that 2024 is a key year for native hongmeng, which is expected to bring considerable business growth to industry chain partners. in addition, kunpeng and ascend, as the foundation of comprehensive intelligence, have built a leading and reliable basic software and hardware platform with partners through open source and openness. we are optimistic about the rising trend of huawei ascend and huawei kunpeng computing industries, and suggest paying attention to investment opportunities in ecological partners.
(this article comes from china business network)
