2024-09-26
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after four months, the trading volume of a-shares returned to the trillion mark, with a significant increase from the previous month.
a-shares surge again, with trading volume returning to 1 trillion yuan
on september 25, a shares surged again.the shanghai composite index once broke through 2,900 points during the sessionin the afternoon, the gains of major stock indexes narrowed significantly. the shanghai composite index closed up 1.16% at 2896.31 points; the shenzhen component index rose 1.21% to 8537.73 points; and the chinext index rose 1.62% to 1641.54 points.
it is worth noting thata-share transactionsthe amount exceeded one trillion yuan, reaching a new high in more than four months. in the short term, both market volume and price increased, and investor confidence was quickly restored.
from the distribution of individual stock gains,more than 4,100 companies rose, and 66 companies hit the daily limit., more than 1,000 companies fell in value, and 5 companies hit the daily limit. the market showed an overall upward trend and popularity remained high.
all industry sectors rose
on september 25, a-shares surged in volume, with all industry sectors rising, including:the diversified financial sector rose 2.55%, ranking first; retail, media, food and staples retail, banking, real estate, insurance and other sectors also saw the largest increases.
judging from the performance of individual stocks in the diversified financial sector, which had the largest increase, minmetals capital, nanhua futures, petrochina capital, avic group, sealand securities, tianfeng securities, hyde holdings, cofco capital, ruida futures, xinli finance, and avic industrial finance all hit their daily limit.
the transaction volume of major broad-based funds exceeded 37 billion yuan
on september 25, the trading volume of many csi 300 etfs, csi 500 etfs and csi 1000 etfs increased significantly. in terms of trading volume, the total trading volume of related index funds exceeded 37 billion yuan, maintaining a high level.
institution: clear policy signals boost market confidence
citic securities said that on september 24, the central bank, the financial regulatory bureau and the china securities regulatory commission announced a number of support policies. in terms of monetary policy, the central bank announced a 20bps interest rate cut for reverse repurchases, which exceeded market expectations in terms of timing and magnitude. the 50bps reserve requirement cut was basically in line with expectations. the policy combination fully reflects the central bank's supportive monetary policy stance and orientation. in terms of capital market policies, wu qing, chairman of the china securities regulatory commission, clearly stated at the press conference that the china securities regulatory commission will release three key policies: medium- and long-term funds entering the market, measures to promote mergers and acquisitions, and guidelines for market value management of listed companies. the central bank will provide liquidity support for non-bank institutions, listed companies and major shareholders to participate in the stock market.in terms of stock strategy, clear policy signals boost market confidence。
cicc released a research report saying that the conference on financial support for high-quality economic development proposed supporting long-term capital entry into the market, developing equity investment, and stimulating the vitality of the m&a and restructuring market, which is beneficial to securities firms' asset management and institutional business, and will help restore demand for securities firms' investment banking business.insurance companies' assets are expected to fully benefit from favorable policies related to the stock market and real estate, and are optimistic about further recovery in investment returns. the current valuation is still low, so it is recommended to focus on。
furong fund believes thatthe policy signal is clear and effectively boosts the confidence of the capital market. subsequent incremental policies may be expected.. first, market liquidity expectations have been improved and market risk appetite has been enhanced. this policy supports the development of the equity market with innovative monetary policies, creates securities, funds, and insurance companies to swap facilities, and creates special re-loans for stock repurchases and holdings. since the cost of the new central bank tools is relatively low, it is expected to be conducive to industrial capital holdings. secondly, the policy signal is clearer, and subsequent active fiscal policies may be expected.