a super-strong positive news came in the afternoon, and a-shares surged again! at 14:56, the shanghai composite index returned to 3,000 points
2024-09-26
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on september 26, the market surged again in the afternoon, with all three major indexes rising by more than 3%. the shanghai composite index rose above 3,000 points, and the annual k-line turned positive. as of the close, the shanghai composite index rose by 3.61%, the shenzhen component index rose by 4.44%, and the chinext index rose by 4.42%.
in terms of sectors, liquor, real estate, food, securities and other sectors led the gains, with no sector seeing a decline.
more than 5,100 stocks rose in the market, and more than 100 stocks hit the daily limit. the trading volume of the shanghai and shenzhen stock markets today was 1,162.5 billion yuan, an increase of 5.1 billion yuan from the previous trading day, breaking the trillion mark for two consecutive trading days.
as the national day holiday is approaching, the market hit a high and then fell yesterday. today happens to be the "withdrawal day". originally, many people were cautious in their predictions about the market, including us.
but sometimes, stock trading is just so "counter-intuitive".
as of the closing, the major a-share indices not only failed to fill the gap, but also reversed yesterday's long upper shadow line.
the shanghai composite index broke through the six-month line and the annual line, and directly reached 3,000 points at 14:56:33.
wind all a also broke through the six-month line for the first time today.it is expected to challenge the high point of the year after stabilizing, and at the same time move towards the annual line.
since late may, some stockholders have experienced repeated declines and continued declines the next day after a sharp rise, and finally some of them have become "afraid of falling".the performance of a shares in the past two days is so strong that it is a bit strange。
judging from the intraday chart, the market clearly turned stronger in the afternoon, which was obviously related to a major positive news at the time.
some people believe that if you believe in the sincerity of policies and the warmth of funds (it has exceeded one trillion for two consecutive trading days today), then you should also believe in the quality of this rebound.
big news at noonbroad-based etfs collectively increased in volume in the afternoon
at the morning close, the market was still in a volatile and differentiated pattern, with the shanghai composite index regaining 2,900 points and the chinext index adjusting slightly.
at this time, the half-day trading volume of the shanghai and shenzhen stock markets was more than 548 billion yuan, a 30% decrease from the same period yesterday, especially near the closing time, the trading activity dropped significantly.
this shows that a lot of funds are waiting to see whether the market will choose to go up or down today.
in the early afternoon trading,big money finally takes action to set the tone - upward！
starting from 13:08, there were collective changes in the broad-based etf products on the market. products such as the csi 300 etf, csi 500 etf, and chinext etf all increased in volume.
the market has almost assumed that the unusual movement of broad-based etfs is the work of the "national team" of big funds. as a result, the rise at this time has indeed boosted market sentiment. in terms of indexes, the gains of large-cap stocks, heavyweight stocks and core assets are generally stronger than those of small-cap stocks, which is also in line with the preferences of market-supporting funds.
on the news front, according to a midday report by xinhua news agency, the political bureau of the cpc central committee held a meeting on september 26 to analyze and study the current economic situation and deploy the next steps in economic work.
although the news is only a few thousand words, consideringthe release time is unusual and the amount of information is sufficient, mentionedfiscal and monetary policies, real estate, capital markets, and public funds, etc.this is an aspect that many investors are concerned about, so it is recommended that you read more related interpretations in the next two days.
chen guo, chief strategist of citic securities, said that today's meeting sent a very strong signal of full efforts to revitalize the economy, and also specifically mentioned efforts to boost the capital market, which is inspiring and will have a double benefit on earnings and valuations for the stock market. the trends of a-shares and hong kong stocks are expected to reach a higher level.
according to media reports, wang zonghao, head of china equity strategy research at ubs, believes that (china's announcement of a series of stimulus measures to support the capital market and the real economy) should be able to bottom out market sentiment in the short term. subsequent documents and the financing costs of credit instruments may be the focus for investors to pay attention to next. "we believe that regulators' hopes for improved corporate governance will benefit all msci china index constituents. driven by a series of confidence-boosting measures, securities firms are also expected to benefit from improved capital market activities."
the liquor sector almost reached its daily limitreal estate also rose by more than 7%
in terms of sector performance, major financial sectors such as banking, insurance, real estate, and securities have continued to rise, which is actually very impressive. in particular, in the afternoon, the real estate sector set off a surge in daily limit.
guojin securities said that a series of policies to support real estate were introduced at a recent press conference, and the industry is welcoming a new round of policy opportunities. the fundamentals of the real estate sector are still bottoming out, policy expectations are strong, and coupled with low valuations and low positions, there is greater flexibility in the short term.
kaiyuan securities pointed out that this combination of policies for real estate has released positive signals and provided full support for both home buyers and enterprises. the down payment ratio of mortgage loans has dropped to a historical low. the reduction in the interest rate of existing mortgage loans can reduce the debt pressure of residents, stimulate consumption and investment, reduce the pressure of early repayment of loans, stabilize housing consumption expectations, and boost confidence in home purchases. the reduction in policy interest rates also indicates that the central mortgage interest rate will move further downward in the future.
in terms of the increase alone, the most exaggeratedit is the liquor sector.at the close of trading, the flush liquor index rose as much as 9.88%, almost reaching its overall daily limit.
affected by the disk,many liquor and real estate-related etfs hit their daily limit.
in the first hour of the afternoon, the index went northward, and kweichow moutai's contribution was also far ahead. at the close, wuliangye and luzhou laojiao even hit their daily limit.
on the news front, according to the latest wholesale reference price disclosed in today's wine prices, the price of a loose bottle of 2024 feitian moutai is reported at 2,240 yuan/bottle, an increase of 40 yuan from the previous day; the price of an original box of 2024 feitian moutai is reported at 2,350 yuan/bottle, an increase of 30 yuan from the previous day.
in addition, since the second half of last year, many companies such as yanghe shares, shede wine group, shuijingfang, and jinhui liquor have successively issued repurchase announcements and repurchase progress information.
shenwan hongyuan said that the essence of liquor demand is the relationship between quantity and price, both of which are related to macroeconomic indicators. since 2016, the industry's sales have declined and entered a squeeze competition stage, with the concentration of leading brands accelerating. the essential reason for the accelerated concentration of the pattern is the squeeze competition under the window of consumption upgrade. on the supply side, the production capacity supply of famous and high-quality liquor companies is still increasing. on the demand side, in the short term, affected by the macro economy, the liquor industry's demand is still under pressure, and it is still in a downward cycle of accumulated inventory.
guohai securities said that it believes that with the continuous introduction of economic policies in the future and the recovery of market confidence, the valuation of the liquor sector may be restored.
ping an securities believes that although the consumption of liquor during the mid-autumn festival is under pressure, it still needs to be viewed rationally, considering the obvious trend of online liquor sales and the general increase in direct group purchases of famous liquors, which has a certain diversion to traditional terminals. this year's mid-autumn festival and national day holidays are separated. last year's liquor consumption was more concentrated. if the consumption during the mid-autumn festival and national day is taken into account, the year-on-year decline in sales this year may be narrowed.
investment is risky, independent judgment is important
this article is for reference only and does not constitute a basis for buying or selling. you should bear the risks of entering the market at your own risk.
cover image source: screenshot of market software
reporter zhao yun, editor ye feng
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