2024-09-30
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in early trading today, stimulated by the intensive positive news over the weekend, a-shares opened sharply higher. the shanghai composite index stood at 3100 points at the opening and quickly exceeded 3200 points. the shenzhen composite index exceeded the 10,000-point mark, both hitting new highs in more than a year. .
the science and technology innovation 50 index soared 13.65%, the highest single-day increase in history, and the half-day turnover exceeded the highest single-day turnover in history; the gem index also surged 11.41%, and the half-day turnover was also close to the historical record just set yesterday.
with the hot market, some netizens lamented that "the market has become a monster", while others said that it really made investors "celebrate the national day".
on the market, all industry sectors rose, with software services, real estate, securities, internet finance and other sectors leading the gains and losses. over 5,100 stocks in the two cities rose, less than 30 stocks fell, and over 1,400 stocks in the two cities rose by their daily limit or rose by more than 10%. the transaction volume increased sharply again, with the transaction volume exceeding 1 trillion yuan in the first 35 minutes, setting a new record for the fastest trillion-dollar transaction volume in the history of a-shares.
amid the hot market, brokerage apps experienced partial login and slow transactions in the morning. in response, many brokerages reported that they have activated emergency backup sites for trading to ensure that the resources and performance of the backup site can meet current needs, while monitoring its stability and response time. in the early stage, securities firms have expanded and optimized the trading system to cope with the sharp increase in trading volume. some brokerages have reported that problems such as the temporary lag in the bank transfer certificate function reported by users and the inability to recharge accounts have been gradually restored.
brokerage stocks almost hit daily limit across the board
the large financial sector showed differentiation in the morning. as the four major banks rose and fell, the banking sector index once turned green during the session, while non-bank financials rose sharply. brokerage stocks led the gains, with sector indexes rising by more than 10%.
nearly 90% of the stocks in the sector have reached their daily limit. among them, citic securities, tianfeng securities, boc securities, guohai securities and other stocks opened at their daily limit. xiangcai shares, which saw the smallest increase, also rose 9.75%, missing the daily limit by 2 cents.
hong kong brokerage stocks also rose sharply across the board. shenwan hongyuan hongyuan surged by more than 72% in hong kong, and its stock price hit a new high in the past two and a half years. guotai junan international also rose by more than 52% at one time, and zhongzhou securities, china galaxy, citic securities, first shanghai, etc. also all increased in volume.
more than 10 securities-related etfs, including securities etf jianxin, securities etf, securities etf dongcai, and securities company etf, collectively hit their daily limit.
in addition to the booming stock market and surge in transaction volume, mergers and reorganizations among securities firms are also progressing steadily. last weekend, guolian securities announced that the company had received the "notice on accepting the application of guolian securities co., ltd. for issuing shares to purchase assets and raising supporting funds" issued by the shanghai stock exchange, and received a notice from the china securities regulatory commission regarding guolian securities changing its major shareholders and establishing a professional subsidiary. acceptance form for administrative license applications for the company, minsheng securities to change its controlling shareholder and actual controller, minsheng fund management co., ltd. to change its actual controller, and minsheng futures co., ltd. to change its actual controller.
avic securities believes that, on the whole, the current supervision clearly encourages integration within the industry. under the trend of policies promoting high-quality development of the securities industry, mergers and acquisitions and reorganizations are an effective means for securities companies to achieve extended development. optimizing resource allocation and promoting the healthy development of the market have a positive effect. at the same time, industry integration will help increase industry concentration and create economies of scale. it is expected that mergers, acquisitions and reorganizations in the industry will continue to accelerate.
in addition, sectors such as internet finance, cross-border payment, diversified finance, and insurance also rose sharply. yinzhijie has reached a daily limit of 20% for the fifth consecutive day, and has reached a daily limit of 7 in the past eight days, with a cumulative surge of 284%. jianyuan trust, yuexiu capital, yuexiu capital, cofco capital, etc. have also closed their stocks in batches.
real estate sector surges
real estate stocks opened higher across the board in the morning, and the sector index hit a new high for the year at the opening. it once rose by more than 8% during the session, rising for 12 consecutive days. special services opened with a daily limit of 20%, the third consecutive day of daily daily limit. oct a, sunshine holdings, financial street, greenland holdings and other stocks also opened at daily limit.
the real estate sector of hong kong stocks also surged across the board. the hang seng mainland real estate index once rose by more than 10%. the hang seng industrial management services index and the greater bay area real estate and construction industry index followed suit.
kaisa group soared by nearly 74%, fantasia holdings also soared by more than 62%, hopson development group once rose by more than 53%, sunac china, r&f properties, etc. also rose by more than 30%.
many real estate-related etfs have hit their daily limits. according to wind data statistics, real estate etfs have received continuous net inflows in the past nine days, with the highest single-day net inflow of 146 million yuan, a total of 538 million yuan in "money-attracting", and the average daily net inflow reached 59.796 million yuan. .
in terms of news, last weekend, the central bank launched its new property market policy with "four arrows": lowering existing mortgage interest rates, lowering down payment ratios, optimizing re-loans for affordable housing, and extending the duration of some real estate financial policies.
on the evening of september 29, the ministry of housing and urban-rural development issued the latest requirements of the party group meeting that day. it is necessary to strictly control the increment, optimize the stock, improve the quality of commercial housing construction, give full play to the role of the urban real estate financing coordination mechanism, and increase the approval and release of "white list" loans for projects. strengthen efforts to meet the reasonable financing needs of real estate projects and fight the tough battle to ensure the delivery of commercial housing projects.
first-tier cities have also successively re-optimized real estate policies. guangzhou has completely canceled purchase restrictions, and shanghai and shenzhen have relaxed purchase restrictions. the wuxi municipal housing and urban-rural development bureau and the chengdu housing provident fund management center also plan to optimize policies related to housing provident funds and eliminate the difference in the maximum loan amount for first homes and second homes.
citic securities pointed out that policies are expected to continue to accelerate the reform of real estate financing models and pre-sale models, accelerate the establishment of new real estate development models, and bid farewell to the three high models of high leverage, high debt, and high turnover. the policy is also expected to actively release improved demand, strictly control the increase, optimize the stock, and promote the real estate market to stop falling and stabilize. the construction of a new real estate market model and the recovery of real estate market demand will coexist.