[Epoch Times August 12, 2021](Epoch Times reporter Liu Yi comprehensive report) On August 12, the mainland A-shares fluctuated and fell. The Shanghai Index, Shenzhen Component Index, and ChiNext Index all fell, and the ChiNext Index fell. 1.47%, the turnover of Shanghai and Shenzhen stock markets exceeded RMB 1 trillion for the 17th consecutive trading day.
Based on news from the mainland and Hong Kong media, on the 12th, the mainland A-shares collectively weakened in early trading, and the plates were clearly differentiated. With the rebound of chip and other technology stocks, the three major indexes have turned red. The Shanghai Composite Index once reached a high of 3538 points, up 5 points or 0.16%, and then turned from an increase to a low of 3513 points, down 19 points or 0.54%, and closed at 3528 points half-day, down 4 points or 0.12%; the Shenzhen Component Index rose the most. 16 points or 0.11%, reaching a high of 15,037 points, followed by selling pressure, with a maximum drop of 163 points or 1.09% and a low of 14,857 points. The half-day market closed at 14,936 points, down 84 points or 0.56%; the ChiNext Index closed at 3398 points, down 38 Points or 1.11%.
In the afternoon, the two cities continued to oscillate at a low level. As of the close, the Shanghai Composite Index fell 0.22% to 3,524.74 points; the Shenzhen Component Index fell 0.79% to 14,901.97 points; the ChiNext Index fell 1.47% to 3,386.43 points.
Statistics from data service provider Wind show that 2056 stocks in the two cities rose, 2201 fell, and there were 177 flat stocks.
On the disk, the military industry, salt lake lithium extraction, and real estate sectors ranked among the top decliners; steel, chemical, non-ferrous, and photoresist sectors ranked among the top gainers.
The total turnover of the Shanghai and Shenzhen stock exchanges was 1,304.9 billion yuan (RMB, the same below), an increase of 22.3 billion yuan from the 1,282.6 billion yuan on the previous trading day, and it was the 17th consecutive trading day that exceeded one trillion yuan. Among them, the Shanghai stock market turnover was 538.2 billion yuan, a decrease of 3.7 billion yuan from the 541.9 billion yuan on the previous trading day, and the Shenzhen stock market turnover was 766.7 billion yuan.
The total net outflow of northbound funds on August 12 was 178 million yuan. Among them, the net outflow of Shanghai Stock Connect was 69.67 million yuan, and the net outflow of Shenzhen Stock Connect was 109 million yuan.
Regarding today’s stock market performance, Hebei Yuanda said that the central bank’s July financial data released on the evening of the 11th fell across the board, which had a certain impact on the market and aggravated early market volatility. At the same time, the lag of the 60-minute structure of the Shanghai Stock Exchange Index cannot be resolved, and it is not conducive to the Shanghai Index’s continued upward expansion. Therefore, there is a high probability that the Shanghai and Shenzhen stock markets will continue to fluctuate. Among them, the shock range of the Shanghai Stock Exchange Index will remain in the 3500-3550 range for the time being; short-term corrections will continue to be made before the high pressure on the ChiNext Index is blocked.
Dongxing Securities believes that the industry is leading the rapid rotation recently. Since the end of July, the volatility (weekly) of the new energy vehicle, photovoltaic, and semiconductor industries has increased significantly, reaching about 50%, which is much higher than the overall level of 20% of all A-shares. At the same time, the turnover rate of the above-mentioned industries touched at the beginning of August. top. However, with the adjustment of the popular track, the trading enthusiasm has been significantly weakened. At present, while the market is disagreeing on the popular track, it has not formed the optimal option that can replace the popular track. Instead, there is a rapid rotation of the hot spot, and the frequency of rotation is extremely high. On the whole, the current sector rotation is just to make up for the increase, and the market style can hardly be switched. The final choice of the market will still be to focus on the high-prosperity track.
For investors, Hebei Yuanda recommends that while controlling the overall position in operation, adhere to the balanced allocation of value + growth. In the value sector, the leading varieties of core assets that are at low prices and low valuations can be sold in batches.
Guotai Junan Securities recommends that investors avoid chasing ups and downs. From the perspective of valuation, the blue-chip white horse represented by the Shanghai Stock Index 50 has very limited room and probability for further decline, and it has a certain configuration value from the medium and long-term perspective.
Editor in charge: Lin Congwen#
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