China Securities Network News (Reporter Lin Qian) On the morning of August 20th, A shares opened lower and went lower. The Shanghai Composite Index fell 1.66%, and the ChiNext Index fell 3.13%; liquor and pharmaceutical stocks fell across the board; cyclical stocks continued to weaken; wind power , Titanium dioxide stocks bucked the trend.
According to Wind data, as of the morning’s close, the Shanghai Composite Index fell 1.66% to 3,408.15 points; the Shenzhen Component Index fell 2.18% to 14171.58 points; the ChiNext Index fell 3.13% to 3175.8 points.
The 28 industry sectors of Shenwan First Class fell across the board. The pharmaceutical and biological sectors led the decline in the two cities, and the food and beverage, leisure services, automotive, and light industry sectors led the decline.
Among the concept sectors, concept sectors such as titanium dioxide, western cement, photovoltaic inverters, and rare earths had the largest gains, while concept sectors such as medical equipment, liquor, medical services, and CRO had the largest declines.
Guotai Junan said that the core of the dominant style of small and medium market capitalization lies in the expansion of the credit cycle. In the second half of the year, the margins of credit expectations have widened, the transmission of SME orders and inventories will be better than expected, and the trend of small and medium cap stocks dominating will continue.