Led by the skyrocketing real estate and related products, A shares rose significantly this Thursday. As of the close, the Shanghai Composite Index rose 1.15% to 3,52.79 points, the Shenzhen Composite Index and the ChiNext Composite Index rose 1.14% and 1.00%, respectively, and the Science and Technology 50 Index rose 1.18%. Northbound funds purchased a substantial net purchase of 8.61 billion yuan throughout the day, and the pattern of net outflows for four consecutive days was reversed.
According to official sources, on November 10, China and the United States issued the “Sino-U.S. Glasgow Joint Declaration on Strengthening Climate Action in the 2020s” during the United Nations Climate Change Conference in Glasgow. For the stock market, this news should be slightly positive. However, green energy-related stocks did not perform much, perhaps because the accumulated gains were too large and real estate stocks soared to steal the limelight.
In the external market, the price index announced by the United States overnight was indeed high, which strengthened the market’s expectations of the Fed’s shift to hawks. The US dollar rose sharply on the same day and US stocks fell. However, due to the strong trend of real estate and related products in A-shares, the A-share index was not affected too much.
Real estate stocks rose the most. On the basis of a 7.57% rise on Wednesday, Poly Development surged again on Thursday and closed at a daily limit. Vanke A, which rose 4.17% on Wednesday, continued to rise 9.54%. The rise of real estate stocks on Wednesday and Thursday benefited from some obscure benefits, so real estate stocks that have been oversold for a long time have attracted a large influx of funds.
A slight warmer in the property market related data also constitutes further positive. On Wednesday evening, the financial statistics report released by the central bank showed that the balance of personal housing loans at the end of October was 37.7 trillion yuan, an increase of 348.1 billion yuan that month, an increase of 101.3 billion yuan over September.
On Thursday, the building materials, home furnishings, home appliances and other sectors also followed the rise of real estate stocks. In addition, spurred by the rise in real estate stocks, banking and insurance products also strengthened. The combined weight of all the above-mentioned individual stocks is extremely large, so the stock index has been significantly boosted.
Thursday is the so-called “Double 11” shopping festival, and there is not even a pulse of related consumer products, which is quite different from previous years. Festivals such as “Double 11” are originally good, but some merchants have launched “Double 12” or more shopping festivals. Excessive creativity and invention will actually cause aesthetic fatigue. In addition, some merchants will have too many routines to make consumers gradually Bored to be bored.
On Wednesday evening, 10 companies including Dadi Electric disclosed the “Reminder Announcement of Public Issuance of Stocks to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange.” Listed on the stock exchange. The Beijing Stock Exchange is the third stock exchange outside of Shenzhen and Shanghai. The higher ups and downs may attract some active funds. The long-term impact on the Shenzhen and Shanghai stock markets remains to be seen.
In addition, although the October PPI announced this week is extremely high, but the upstream products such as coal have plummeted recently, it is estimated that the data in the next month may turn to optimism, so investors only need to be moderately cautious about price pressures.
On the external side, if the Fed raises interest rates ahead of schedule next year, of course it will affect A shares, but the pressure will not appear for a while. In my opinion, the bigger variable next year is actually when the epidemic will end. If the epidemic is over, even if the liquidity is poorer, as long as the performance of listed companies grows better, the stock market may still perform smoothly.
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