the shanghai composite index rose for four consecutive days! the csi a500 index was released today. institutions said that the main a-share index may rebound after the national day.
2024-09-23
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china business news (reporter ma wenbo)on september 23, the three major a-share indices rose and fell differently.as of the closing, the shanghai composite index rose 0.44%, recording four consecutive positive days, the shenzhen component index rose 0.10%, and the chinext index fell 0.40%.the total market turnover was 552.9 billion yuan, down 23.9 billion yuan from the previous trading day. more than 2,500 stocks in the two markets rose.
specifically, in terms of sector themes, huawei's industrial chain, edr concept, precious metals, network security and other sectors had the highest gains, while diversified finance and photovoltaic equipment concepts had the highest declines.
△picture source: tonghuashun.
the ict sector rose
from the market perspective, the ict sector continued to rise, continuing its recent strong performance. network security concepts led the gains, and huawei's industrial chain collectively strengthened.
on september 20, the general office of the ministry of industry and information technology issued the "guidelines for equipment renewal and technological transformation in key industrial sectors", which set specific update targets for industrial software and industrial network equipment in key areas. in the field of industrial software, the equipment update target requires that by 2027, about 2 million sets of industrial software and 800,000 sets of industrial operating systems will be updated.
in terms of local policies, the shenzhen local financial management bureau recently solicited public opinions on the "implementation opinions of shenzhen on supporting the high-quality development of digital finance (draft for comments)". it proposed to promote the construction of shenzhen's financial ict research base and complete the ict research projects of financial institutions such as banks, securities, and insurance and their partners.
zheshang securities said that benefiting from policy advancement and technological deepening, the information technology industry is expected to benefit from the dual catalysis of policies and orders, and is expected to become the first direction for the computer sector to realize its performance in the next 5 to 10 years.
csi a500 index released
on september 23, china securities index co., ltd. officially released the csi a500 index. as of the close, the csi a500 closed at 3725.78 points, up 0.23%.
△screenshot of csi index company’s official website.
it is understood that the index selects 500 securities with large market capitalization and good liquidity from various industries as index samples, and keeps the market capitalization distribution of the index sample industry and the sample space as consistent as possible, reflecting the overall performance of the most representative listed securities in various industries. among them, priority is given to the selection of leading companies in the third-level industries, and more leading companies in emerging industries such as information technology and biomedicine are included. in addition, the index compilation combines screening conditions such as interconnection and esg (environment, society and corporate governance) to facilitate the allocation of a-share assets by domestic and foreign medium- and long-term funds.
the shanghai stock exchange said that the csi a500 index is more sensitive to industry trends and has more vitality for continuous iteration. the index selects 500 stocks with strong market value representation and industry leaders in various industries, while taking into account large market value and evenly covering the core leading assets of various industries in the a-share market.
what do you think about the market outlook?
last week, the federal reserve cut interest rates and other important information came out. next week will be the national day holiday. what do brokerages think about the stock market trend this week?
china caitong securities believes that the federal reserve's unexpected 50 basis point rate cut on september 18 will push the global market from the macro uncertainty window to the macro friendly window: the downward path of the global risk-free interest rate is clear, and the global economy is expected to recover faster driven by unconventional interest rate cuts.back to the domestic situation, the policy of stabilizing growth through domestic demand will continue, the space for monetary policy will be opened up, and real estate will be further relaxed. market sentiment is expected to recover from its low point.
citic securities said that the federal reserve cut interest rates by 50 basis points in september, slightly exceeding market expectations, and the risk of a hard landing of the us economy has decreased, and china's policy space has further improved. it is not appropriate to be bearish at present, and we should always be prepared. in addition, we need to pay attention to the historical rules of a-shares. the market style in the fourth quarter has more obvious differentiation characteristics than the first three quarters, and we will focus on potential high-elasticity varieties in the future.
china merchants securities believes that the market trading was relatively light before the national day, and some funds flowed out due to risk aversion, resulting in poor market performance.after the national day, market risk appetite improves and major indexes tend to rebound.judging from the performance of a-shares in the week after the national day in the past 10 years, the probability of the shanghai composite index, csi 300 and csi 1000 index rising is more than 50%. according to data statistics since 2007, the probability of wind all a rising in the five trading days after the national day is 82%. judging from the performance of industries after the national day in the past 10 years, the probability of the first-level industry rising in the five trading days after the national day is generally above 50%.
today, the second china-portuguese-speaking countries central banks and financiers conference was held in the macao special administrative region. pan gongsheng, governor of the people's bank of china, attended the meeting and delivered a speech. pan gongsheng said that china's economy is growing steadily, and the people's bank of china will continue to adhere to a supportive monetary policy stance, increase the intensity of monetary policy regulation, and improve the precision of monetary policy regulation to create a good monetary and financial environment for china's stable economic growth and high-quality development.
(note: this article does not constitute any investment advice)
