(Original title: The differentiated turnover of Shanghai and Shenzhen stock markets has exceeded one trillion yuan for 7 consecutive days, and the investment perspective of A-shares has switched to the interim report and the second half of the year)
On June 20, the Shanghai and Shenzhen stock markets diverged throughout the day. The Shanghai index was affected by the decline of resource stocks and fluctuated sideways, while the ChiNext index rose by 1.99%, standing at the 2,700-point integer mark. The wind, light and lithium of the new energy industry chain are still the main long-selling forces in the market. In the second half of the year, the bidding for wind power exceeded expectations and Dalian Heavy Industry’s mid-term report exceeded expectations. The turnover of A-shares has exceeded one trillion yuan for seven consecutive days, but the foreign investors who have continuously increased their positions recently stopped their progress, and the net sales of northbound funds reached 9.7 billion yuan.
Industry analysts believe that this week, the market has temporarily entered a vacuum period of data verification and policy, and the perspective is switched to the mid-year report and the second half of the year. It is more necessary to pay attention to the repair space and cost performance.
“Wind, Light, Lithium” Soared Foreign Capital But Lighten Up
From the perspective of the disk, the “wind, light, and lithium” of the new energy industry chain are still the main long-selling forces in the market on June 20. In the second half of the year, the bidding for wind power exceeded expectations and Dalian Heavy Industry exceeded expectations in the mid-term report.
Stagflation sub-sectors such as photovoltaic inverters, energy storage, and negative electrodes were among the top gainers on the day. Photovoltaic inverter index rose by more than 7%, photovoltaic roof index rose by more than 3%, GCL Integration, Ancai Hi-Tech, Jinlang Technology daily limit, lithium battery index rose by 1.6%, CATL rose by 4.2%, energy storage index rose by more than 4% %, Deye shares were closed for a time, and Xiantao shares reached the daily limit.
Resource stocks fell across the board under the sharp correction of international oil prices. The oil and natural gas index fell by more than 5%. China National Offshore Oil once approached the limit, and PetroChina fell by more than 6%. The coal mining index fell by nearly 6%, Shanxi Coking Coal fell by the limit, Yankuang Energy and China Coal Energy fell by more than 8%, China Shenhua fell by more than 4%, and Shaanxi Coal Industry fell by more than 6%.
Overall, on June 20, the number of A-share rising companies exceeded 3,200, while the number of companies with a daily limit reached 96, and the number of falling companies was only more than 1,400. The market profit-making effect is still significant. The Shanghai Composite Index closed down 0.04%, the ChiNext Index rose 1.99%, the Shenzhen Component Index rose 1.27%, and the Science and Technology Innovation 50 rose 0.3%. The full-day turnover of the two cities was 1.16 trillion yuan, and the turnover exceeded one trillion yuan for seven consecutive days.
Although the market has a good profit-making effect, the foreign capital that has continuously increased its positions recently has suspended the pace of progress. Wind data shows that the net sales of northbound funds were 9.703 billion yuan throughout the day, after 4 consecutive days of net purchases. Among them, the net sales of Shanghai Stock Connect was 4.632 billion yuan, and the net sales of Shenzhen Stock Connect was 5.071 billion yuan.
Perspective switching focuses on repair space and cost performance
From a technical point of view, Yuanda Investment Consultant Wang Yuqian analyzed after the market on June 20 that the Shanghai Composite Index fluctuated within a narrow range around the flat line in the afternoon. Fortunately, it is still running above the 5-day line, and the trend of the long arrangement of the moving averages has not changed. In addition, the macd indicator also has signs of high passivation. If this position wants to continue to attack, it is necessary to observe the recovery of the indicator.
The ChiNext Index rose 1.99% on June 20, standing at the 2,700-point integer mark. “The ChiNext refers to a high-level and volatile pattern in the afternoon, with seven consecutive yangs on the daily line and an upward gap. However, the long shadow also shows that there are differences in the competition between long and short, and although the trading volume is active in the short term, it is still not enough. Follow-up energy still needs to be tracked.” Wang Yuqian said.
“The current A-share market is more resilient, and individual stocks are relatively active, but it should be noted that short-term funding differences have not been effectively resolved. And the direction of the track has also accumulated a certain increase, so pay attention.” The trend remains, Wang Yuqian suggested that you can continue to maintain long-term thinking, but you must abandon emotionality in timing operations. In addition, the time is approaching the mid-term report window. Therefore, it is recommended to pay attention to the performance of industries or individual stocks and make a distinction.
Huatai Securities released a research report on June 20, saying that this week the market has temporarily entered a vacuum period of data verification and policy, and the perspective is switched to the mid-year report and the second half of the year, and more attention needs to be paid to the repair space and cost performance. There are two main types of corresponding sectors: one is Relative valuations still have room for repair compared to before the epidemic, and the prosperity is at a high level and has a certain degree of continuity, earning money for predictable performance in the interim report, such as some midstream manufacturing represented by national defense and military industries, Dianxin, and digital infrastructure; the second is The bottom of the economy is expected to rebound strongly or the ROE will be suppressed by the net interest rate for a long time before the interim report. When the outlook is marginally improved, it will earn money for the reversal of the difficulties in the second half of the year, such as industrial control (industrial robots, integrated die-casting), mandatory consumption (food) , consumer electronics, general equipment.Reporter Chen Hui