[Epoch Times November 10, 2021](Epoch Times reporter Liu Yi comprehensive report) On November 10, the mainland A-share Shanghai Index, Shenzhen Component Index, and ChiNext Index all fell. Among them, the Shanghai Index once again fell below the 3,500 point mark. The net outflow of northbound funds exceeded RMB 10 billion. The Shanghai and Shenzhen stock markets exceeded RMB 1 trillion for the 14th consecutive trading day.
Based on the mainland China Paper and Hong Kong’s “Hong Kong Economic Journal” news, the A-share market opened lower on November 10, and it opened lower in early trading. The Shanghai Composite Index opened lower and its decline widened, falling by up to 58 points or 1.67% to as low as 3448 points, and closed at 3464 points in the half-day, down 42 points or 1.2%; the Shenzhen Component Index also opened lower and moved lower, down by up to 269 points or 1.85%. It was as low as 14,302 points, and the half-day closed at 14,393 points, down 178 points or 1.23%; the ChiNext Index closed at 3363 points, down 46 points or 1.35%; the Shanghai and Shenzhen 300 Index closed at 4778 points, down 67 points or 1.4%.
In the afternoon, pharmaceutical stocks rose, leading the two markets to further narrow the decline.
As of the close, the Shanghai Composite Index fell 14 points and closed at 3492 points, down 14 points or 0.41%, and fell below the 3,500-point mark, terminating its two consecutive rises; Shenzhen Component Index closed at 14,515 points for the entire day, down 56 points or 0.38%; ChiNext Index reported 3399 points, down 10 points or 0.3%; Shanghai and Shenzhen 300 index reported 4821 points, down 25 points or 0.53%.
In terms of layout, all sectors generally weakened. Coal and non-ferrous metal stocks fell by more than 1%; power, chemical, and financial stocks were weak; real estate and steel stocks were stable; Metaverse, biomedicine, cultivating diamonds, property management and other sectors saw the forefront of gains .
Statistics from data service provider Wind show that 2,716 stocks in the two cities rose, 1,586 fell, and 214 were flat.
On the 10th, the total turnover of the Shanghai and Shenzhen stock exchanges was 1.08 trillion yuan (RMB, the same below), an increase of 69.3 billion yuan from 1.0109 billion yuan on the previous trading day, and it exceeded one trillion yuan for the 14th consecutive trading day. Among them, the Shanghai stock market turnover was 443.1 billion yuan, an increase of 21.9 billion yuan over the previous trading day’s 421.2 billion yuan, and the Shenzhen stock market turnover was 637.1 billion yuan.
The total net outflow of northbound funds on November 10 was 11.81 billion yuan. Among them, the net outflow of Shanghai Stock Connect was 5.062 billion yuan, and the net outflow of Shenzhen Stock Connect was 6.748 billion yuan.
Regarding the performance of the stock market on the 10th, The Paper quoted Guotai Junan’s analysis as saying that in the short term, the market as a whole is currently in a range-bound pattern. In addition, when it is difficult to attract incremental capital entry in the downturn, there are mutual exchanges of stock funds. Game, it is expected that it will be difficult to form an upward and effective breakthrough pattern in the short term. But in the long run, the market’s upward trend remains unchanged. At present, the market has fully reflected the negative factors, and the valuation of A-shares is at a relatively low level. At present, there is limited room for further decline in the current point.
Aijian Securities believes that the characteristics of the stock funds in the market have not changed. Funds flow between sectors, high and low levels switch, and the market fluctuates. However, after the preliminary adjustments, the risk was released to a certain extent. After the uncertainty was reduced, the market became gradually active, the risk appetite began to increase, and the topic activity increased. To continue to pay attention to the spread of consumption and technology hotspots, related sectors are still at a low level.
Phoenix Finance quoted the analysis of Zhongyuan Securities as saying that due to the frequent switching of current market hot spots, over-the-counter funds have a strong willingness to wait and see, and the characteristics of the stock game between the two markets remain the same, and all parties in the market are waiting for the change of the market. Whether the stock index can break through the market in the future still needs external boost. It is recommended to pay close attention to changes in policy and capital.
Everbright Securities said that the current market lacks significant leading hot spots, and the characteristics of the stock game are obvious. In the future, whether the stock index can break through the market still needs external boost. It is recommended to pay close attention to changes in policy and capital. It is expected that the Shanghai stock index is likely to fluctuate slightly in the short-term, and the ChiNext market is likely to rise slightly in the short-term.
Editor in charge: Fang Ming
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