[Epoch Times August 20, 2021](Epoch Times reporter Liu Yi comprehensive report) On August 20th, the three major mainland A-share stock indexes, the Shanghai Index, the Shenzhen Component Index, and the ChiNext Index, all fell. Among them, the Shanghai Index closed down 1.1 % Has fallen for two consecutive days. To sum up this week, the Shanghai stock index has fallen by 2.53%. The net outflow of northbound funds exceeded RMB 10 billion for two consecutive days, the first time since July 2015.
Based on the news from the mainland and Hong Kong media, on the 20th, the A-share market opened lower and moved lower. Due to the dual setbacks of liquor and medicine, the Shanghai and Shenzhen stock markets experienced a deep adjustment in early trading. Almost all sectors fell, and the Shanghai Index fell by 70 points. Or 2.04%, as low as 3394 points, the ChiNext index closed down more than 3% in early trading.
In the afternoon, the two markets fell further. The Shanghai stock index fell more than 2%, and the index fell more than 3.5%. Since then, the rebound of brokerage stocks and the strengthening of steel stocks have led to a sharply narrowed decline in the two markets.
As of the close, the Shanghai Composite Index closed at 3427 points, down 38 points or 1.1%; the Shenzhen Component Index closed at 14,253 points, down 233 points or 1.61%; the ChiNext Index closed at 3192 points, down 85 points or 2.61%; the CSI 300 Index reported 4769 Points, down 92 points or 1.91%.
Statistics from data service provider Wind show that 1516 stocks in the two cities rose, 2780 fell, and 130 stocks were flat.
The total turnover of the Shanghai and Shenzhen markets was 1.2526 billion yuan (RMB, the same below), an increase of 37.6 billion yuan from the 1.215 billion yuan on the previous trading day, and the turnover exceeded one trillion yuan for 23 consecutive trading days. Among them, the Shanghai stock market turnover was 552.7 billion yuan, an increase of 14.8 billion yuan over the previous trading day’s 537.9 billion yuan, and the Shenzhen stock market turnover was 699.9 billion yuan.
Northbound funds had a total net outflow of 10.816 billion yuan on August 20, and net sales exceeded 10 billion for two consecutive days, the first time since July 2015. Among them, the net outflow of Shanghai Stock Connect was 6.236 billion yuan, and the net outflow of Shenzhen Stock Connect was 4.58 billion yuan.
As for the industry sector, the liquor sector and the pharmaceutical sector are double-killing. The index of medical biology, food and beverage, and leisure services ranked the top three in decline, down 4.80%, 4.63%, and 2.66% respectively.
This morning, the market circulated a “Notice on Convening a Symposium on Supervision of the Liquor Market Order” issued by the Price Supervision and Competition Bureau of the General Administration of Market Supervision and Administration of the Communist Party of China, stating that the supervision of the liquor market should be done well. The news dragged down brewing stocks by more than 5%.
Hengrui Pharmaceuticals, known as “Yao Mao”, opened more than 7% lower in early trading, and soon thereafter it lowered its limit. As of midday’s close, the stock was still at its lower limit. So far, its stock price has fallen by 47.70% this year, which has been nearly cut.
In addition, medical equipment stocks fell more than 6%; power, real estate, coal, and financial stocks were soft; cement stocks bucked the market and rose nearly 3%; non-ferrous metal stocks rose more than 1%.
Regarding the stock market trend on the 20th, brokerage Jufeng Investment Consulting believes that the three major indexes have formed an adjustment resonance, and the trend has been revealed. Without new changes and policy-driven short-term adjustments, short-term adjustments will not end quickly. The period may be repeated, but The overall downward trend in the center of gravity may continue.
Guotai Junan believes that the recent market decline was caused by various influences. Domestically, the recently announced financial and economic data for July were all lower than market expectations, and market risk appetite declined slightly. In terms of overseas factors, the Fed released its expectations of shrinking its balance sheet, coupled with the return of the overseas plague, the economic outlook has become bleak. The global commodity market has experienced sharp volatility, and overseas stock markets have also generally corrected.
Northeast Securities believes that the Federal Reserve continues to guide the market’s expectations of shrinking balance sheets, and investors are worried that it will have a significant negative impact on A shares. Looking ahead, the short-term market is still in the process of turbulence and bottoming.
Editor in charge: Fang Ming#
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