A-share competition highlights ChiNext’s record high of more than three years
China Securities Network Wu Lihua’s A shares continued to remain strong.
On the 6th, the Shanghai Composite Index rose by 1.
72% reported 2866.
At 51 points, the Shenzhen Composite Index rose 2.
87% reported 10601.
At 34 points, the ChiNext Index rose 3.
74%, returned to 2000 points and hit a new high of more than three years.
The Shanghai and Shenzhen stock exchanges traded 913.4 billion yuan throughout the day, with the transaction value exceeding 800 billion yuan for three consecutive trading days.
There were 71 major transactions in 33 stocks in the two cities, with a total turnover of about 20.
As for the futures index, the three major stock index futures continued to rebound.
In the final close, the three main contracts of the Shanghai and Shenzhen 300 stock index futures, the SSE 50 stock index futures, and the CSI 500 stock index futures each increased.
72% at 3891.
8 o’clock, 2746.
8 o’clock, 5250.
Wind Statistics shows that since February, the closing of the 6th day, 765 companies have achieved gradual growth.
In terms of different industries, there are 267 companies in the healthcare sector, ranking first; more than 100 companies in the information technology and industrial sectors; optional consumer, and more than 90 companies in the materials sector.
Foreign 杭州桑拿 countries continue to maintain significant net inflows.
On the 6th, the net inflow of northbound funds under the interconnection mechanism was 105.
5.8 billion yuan.
In Yitai, Moutai, Guizhou, Yili shares received a net purchase of 15.
1.3 billion, 5.
4.4 billion, 5.
In the first four trading days of this week, there was a net inflow of 333 capital into the north.
5.9 billion yuan, of which the net inflow of Shanghai Stock Connect was 189.
2 billion yuan, Shenzhen Stock Connect net inflow of 144.
3.9 billion yuan.
Since 2020, despite the impact of the epidemic, the momentum of a full net inflow of funds to the north has remained unchanged, with a net purchase scale of 717 gradually.
5.1 billion yuan, of which the net inflow of Shanghai Stock Connect was 301.
The net inflow of Shenzhen Stock Exchange was 6.9 billion yuan.
China Merchants Securities pointed out that the A-share market on the first day after the holiday has fully reflected the distorted effect of the epidemic at this stage and there is a certain overshoot.
On February 3, suffered due to the sharp drop in A shares and due to the 10-year Treasury yield from 3 before the holiday.
0% interest rate 2.82%, leading to a debt-to-equity return ratio of 3.
The historical extreme value of 0 shows that domestic stocks are very cheap compared to bonds.
When the market shows significant overshooting, the concept of “value investment” in foreign exchange begins to play a major role, no longer chasing trends, and even believe that the mean value returns, buy because the market value is undervalued, and sell because the market value is overvalued.
In 2017, the annual stock market capital increase in 2018 was 719.3 billion and 327.8 billion U.S. dollars, respectively, and foreign institutions inflowed 319.2 billion, 335.5 billion in these two years, accounting for 44% and 102% of the total.The largest source of incremental funding.
Facing the opportunities brought by the overshoot of the A-share market, major institutions are entering the market.
Wind statistics show that from February 3rd to 4th, A-share ETFs received a net inflow of approximately 15.5 billion funds.
In terms of public offering funds, there are a large number of fund companies who have taken counter-trends to buy positions.
According to incomplete statistics, as of 8pm on February 4th, a total of 26 public fund managers have stated that they have inherent funds and employee funds20.
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