the stock index surged across the board, with the shanghai composite index breaking through 3,300 points to hit a one-year high! do you want to hold shares for the holidays? ｜hot finance
2024-09-30
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on the last trading day before the holiday, the a-share market once again experienced general gains. on the morning of september 30, the shanghai stock exchange index strongly broke through the 3,200-point mark, setting a new high in the past year. in the afternoon, it broke through the 3,300-point mark in one fell swoop.
market sentiment is high, trading volume is soaring, and investors are faced with a decision: should they hold positions for the holidays to gain dividends, or should they reduce their positions to avoid holiday risks?
in 35 minutes, the transaction exceeded one trillion!
at 10:05 on september 30, less than 35 minutes after the market opened, a-share trading volume exceeded one trillion yuan, setting a new record for the fastest one trillion yuan in history.
wind data showed that as of midday, the shanghai composite index rose 5.7% to 3263.59 points, the shenzhen composite index rose 8.28%, and the chinext index rose 11.41%. the half-day turnover of a-shares reached 1.67 trillion yuan, 717.1 billion yuan higher than the previous day's volume.
more than 5,300 stocks rose in the two cities. sectors across the board were in the red, with big finance and big consumer sectors performing strongly, and software development and semiconductor sectors rising.
the market continued to gain momentum in the afternoon, with the shanghai stock exchange index rising nearly 7% and standing above 3,300 points. as of 13:07, the shanghai composite index was at 3301.16 points, up 213.63 points, or 6.92%, with a turnover of 789.052 billion yuan; the shenzhen component index was at 10423.74 points, up 908.88 points, or 9.55%, with a turnover of 980.961 billion yuan. the city's total turnover was 1,770.013 billion yuan; the gem index reported 2,138.14 points, up 252.65 points, or 13.4%, with a turnover of 462.87 billion yuan.
does this round of rising prices mean the start of a bull market? related terms such as “a shares are back to 3,200 points”, “a shares are about to break out”, “a shares don’t want to take a holiday” have been hot searches on weibo, triggering widespread discussions.
the stock market is known as the "economic barometer", and its strong performance in recent days has made the entire capital market cheer. many individual investors rushed to enter the market, while securities institutions were busy responding to customer inquiries. the popularity of trading has even caused some brokers and trading service platforms to experience technical problems such as system lags.
looking at macroeconomic data, market performance is also driven by improved economic expectations. on september 30, economic data released by the national bureau of statistics showed that the domestic manufacturing market exceeded expectations in september: china's manufacturing purchasing managers' index (pmi) in september was 49.8%, an increase of 0.7 percentage points from the previous month. the manufacturing boom level rebounded, exceeding market expectations.
at the same time, various favorable policies continue to be released, further boosting market confidence. among them, the real estate sector performed outstandingly, and the stock prices of many real estate companies continued to rise. last week, the central bank launched a new policy for the property market 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. immediately afterwards, first-tier cities introduced support policies one after another. guangzhou completely canceled purchase restrictions, and shanghai and shenzhen also successively relaxed purchase restrictions. this series of measures has led to a strong rebound in the real estate sector and has become one of the important driving forces for this round of stock market rise.
hold shares or reduce positions before the holidays?
as the national day holiday approaches, investors are increasingly discussing whether to hold shares for the holiday. some investors believe that the current market has risen too fast, too many profits have been accumulated, and the uncertainty and risk during the holidays make it unwise to hold shares for the holidays; however, many investors believe that policies continue to release positive signals and the market is on an upward trend. it is still continuing, and holding shares for the holidays is expected to usher in further gains after the holidays.
cicc pointed out in the research report that after the recent rapid market rise, it is expected that with the rapid restoration of valuations and short-term profit-making funds, historical experience cannot rule out that the short-term upward slope will slow down or have twists and turns, but combined with policy signals still in the process of emerging, the current market upward trend is still expected to continue. and from the perspective of some types of funds, such as private equity funds, whose transactions are relatively flexible, the historically low position levels may be a reflection of the position levels of most institutional investors. it is expected that there may still be some funds to be added during this rapid rise. this part funds may become potential long positions in the market.
citic securities research report believes that stopping the decline and stabilizing has become the goal of real estate policy for the first time, and the signal of adjusting the housing purchase restriction policy is of significant significance. the policy pays more attention to the phased supply and demand issues in the real estate market, and the attitude towards growth has changed from optimization to strict control. at the same time, the policy encourages the release of improved demand, but the policy does not follow the old path of history. the construction of a new model of the real estate market and the recovery of demand in the real estate market will coexist.
industry insiders said that the current a-share market is experiencing a strong rebound driven by multiple favorable policies, but market volatility has also increased accordingly. before the holidays, investors should comprehensively consider their own risk tolerance and market expectations, and make prudent decisions whether to hold shares for the holidays. the continuation of policy signals and the entry of potential funds are still the focus of the market outlook.
text | reporter zhan shuzhen
