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a-shares surged in late trading amid heavy news

2024-09-20

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cro concept soared in the late trading, wuxi apptec and wuxi biologics both rose by more than 10%. on the news front, the u.s. senate official website showed that on september 19, the "biosafety act" targeting some chinese biotechnology companies was not included in the u.s. "national defense authorization act for fiscal year 2025". the "national defense authorization act" (ndaa) is a u.s. federal law passed once a year that stipulates the budget, expenditures, and policies of the u.s. department of defense. this law is an important basis for determining how defense funds are allocated, and it also determines the priorities of military projects and the u.s. defense strategy.

a-shares stopped falling and rebounded in the afternoon, the shanghai composite index turned positive, funds actively entered the market in the afternoon, and the trading volume of many csi 300 etfs increased significantly; hong kong stocks continued to climb, and both major stock indexes rose by more than 1%.

specifically, the three major stock indexes fluctuated downward in the morning, and the chinext index fell by more than 1% at one point, and gradually stopped falling in the afternoon. as of the close, the shanghai composite index rose slightly by 0.03% to 2736.81 points, the shenzhen component index fell by 0.15% to 8075.14 points, the chinext index fell by 0.64% to 1536.6 points, and the shanghai 50 index rose by 0.15%. the total turnover of the two markets was 574.7 billion yuan, a decrease of 52.3 billion yuan from yesterday.

nearly 3,500 stocks in the market were in the red. the pharmaceutical sector was weak. hainan haiyao hit the daily limit for three consecutive days. the agriculture, chemical, steel, petroleum, electricity and other sectors fell collectively. the real estate sector rose strongly. electronic city hit the daily limit for four consecutive days. haitai development, dalong real estate and others hit the daily limit. the brewing, banking and other sectors rose. the concept of information creation exploded. guohua network security hit the daily limit for three consecutive days. nantian information has won four boards in the past five days. changshan beiming has accumulated a total increase of more than 50% in the past seven days. huawei concepts are active. zhuoyi technology, dingxin communications and others hit the daily limit. it is worth noting that baobian electric hit the daily limit again, with a cumulative increase of more than 150% in the past 13 days. in addition, zhongxin shares, which landed on the shanghai stock exchange main board today, rose 58% to 41.87 yuan, and reached a high of 47.2 yuan during the session, an increase of about 78%.

it is worth noting that many csi 300 etfs had a significant increase in volume in the afternoon. among them, huatai-pinebridge csi 300 etf had a full-day turnover of 7.514 billion yuan, e fund csi 300 etf, huaxia csi 300 etf, and harvest csi 300 etf had turnover of 5.783 billion yuan, 3.801 billion yuan, and 3.723 billion yuan respectively. in addition, huaxia sse 50 etf had a turnover of 4.382 billion yuan; the above five etfs had a total turnover of about 25.2 billion yuan.

hong kong stocks rose strongly, with both major indexes rising by more than 1%. as of the close, the hang seng index rose 1.36% to 18,258.57 points, and the hang seng technology index rose 1.43% to 3,703.84 points. in addition, xpeng motors, geely automobile, shenzhou international, and new world development rose nearly 7%.

the concept of xinchuang has exploded

xinchuang concept stocks rose strongly during the trading session. as of the close, tongdahai, yitong century, and yinzhijie all hit their daily limit of 20%, huiwei intelligence rose by more than 17%, changshan beiming, nantian information, xinju network, and guohua network security all hit their daily limit. it is worth noting that changshan beiming has accumulated a total increase of more than 50% in the past seven trading days, nantian information has hit four daily limits in the past five days, and guohua network security has hit its daily limit for three consecutive days.

since the beginning of this year, the information and innovation industry has been intensively catalyzed. on august 6, the state-owned assets supervision and administration commission of the state council and the national development and reform commission issued the "guiding opinions on standardizing the procurement management of central enterprises". it proposed to make every effort to create a legal, compliant, open, transparent, intensive and efficient supply chain, establish and improve the procurement management system of central enterprises, enhance the procurement value creation ability, and comprehensively promote the standardized, lean, collaborative and intelligent development of procurement management of central enterprises. on march 11, the central government procurement network issued the "notice on updating the bulk centralized procurement configuration standards for desktop computers and portable computers in central state organs", which clearly stated that when purchasing desktop computers and portable computers, party and government organs at or above the township level, as well as institutions directly under the party committees and governments at or above the township level and institutions under the departments that provide support and guarantee for the organs, the cpu and operating system should be included in the procurement requirements for safety and reliability evaluation. on may 20, the china information security evaluation center and the national confidentiality technology evaluation center once again issued the announcement on the results of the safety and reliability evaluation (no. 1 of 2024), announcing the test units for cpus, desktop operating systems and server operating systems.

banks and securities companies believe that the intensive catalysis of the ict industry policies this year, on the one hand, symbolizes the official start of a new era of unified recruitment and procurement for ict, guiding the optimization and upgrading of ict products and even the standardization and standardization of the ict industry; on the other hand, the continued efforts of industrial policies are expected to drive the continued acceleration of the localization of ict, and the localization rate is expected to further increase. in the second half of the year, it is expected that ict will further recover marginally.

real estate sector continues to be active

the real estate sector strengthened again today. as of the closing, haitai development, chongqing development, electronics city, and dalong real estate hit their daily limit, while xinhualian and zhangjiang hi-tech rose by more than 6%.

it is worth noting that electronic city has been trading at the daily limit for four consecutive trading days. the company reminded last night that the company's stock price has risen significantly in the short term, and reminded investors to invest rationally, make prudent decisions, and pay attention to preventing investment risks. the company currently operates dozens of technology spaces and technology innovation service projects. faced with a complex and severe market environment, the company's operations face many challenges. the demand for space in industrial parks has shrunk significantly, the market has not met expectations, and there is great pressure on industrial investment promotion. at the same time, the company's business is still in the stage of transformation to technology city renewal services, technology industry services, information and digital services, and the new business has not yet made a large contribution to the company's revenue and profits.

in terms of industry, since august, the purchase restriction policies in cities such as chengdu and changsha have continued to be optimized, and the cost of buying houses in various places has continued to fall. the average commercial loan interest rate for the first set of 30 key cities tracked by cric is 3.21%, down 0.6-0.7 percentage points from the beginning of the year. under the low base effect, the cumulative decline in sales data from the national bureau of statistics has continued to narrow since june.

kaiyuan securities pointed out that entering the traditional sales peak season in september, the market heat may continue to pick up, but the contraction of land acquisition by mainstream real estate companies in the first half of the year may affect the supply scale of new projects and the progress of sales recovery. it is expected that under the low base effect, the decline in real estate sales will continue to narrow, and a number of destocking policies are expected to help the housing market bottom out and stabilize. we continue to be optimistic about strong credit real estate companies with high investment intensity, excellent regional layout, and market-oriented mechanisms.

cro concept soared in late trading

hong kong stocks with cro concepts collectively rose in the late trading. as of the close, corning life sciences rose nearly 13%, wuxi apptec rose nearly 12%, wuxi biologics rose more than 10%, zhaoyan pharmaceutical rose nearly 8%, and cstone pharmaceuticals rose about 6%.

today, market news said that the u.s. senate released the final draft of the ndaa (national defense authorization act). this ndaa actually included 93 amendments, but did not include s.amdt.2166 (biosafety proposal).

earlier, the u.s. house of representatives announced on september 9 that it had passed hr8333, the biosecurity act, by 306 votes to 81. the bill restricts u.s. federal agencies from doing business with foreign biotechnology companies on the grounds of "national security." according to the relevant u.s. legislative process, before the bill officially becomes law, it needs to be voted on and passed by the senate and the house of representatives in plenary sessions, and the versions passed by the two houses must be reconciled and finally submitted to the president of the united states for signature.