The three major A-share stock indexes opened slightly higher, the infrastructure sector collectively rose, Chengdu Road and Bridge closed the daily limit, and shares such as Xinjiang Communications Construction rose sharply. Hualong Securities: Technically, it was in the lower track position of the anti-surge rising channel for two consecutive trading days, but the trading volume was shrinking and the weak energy structure continued, indicating that the willingness to go long is not strong and the upward momentum is weak when a strong breakthrough in demand is needed. . Under the pattern of strong head signals and continuation of weak signals of key indicators, the current small platform position is more likely to become a down relay. Unless there is a large yang line that breaks through the upward trend line and returns to the original trend in one fell swoop, the probability is obviously small. At the same time, the weekly level belongs to the second upswing of the 145 moving average position, and the second time to test the 145 moving average position with a weak K-line pattern, and did not choose a strong breakthrough, indicating that the current demand is still not ready, and it needs to be tested down again to stimulate new ones. Demand to join, complete the accumulation. In the entire operating structure, the divergence of the average volume of the rising segment significantly strengthened the backtest logic. Continue to focus on defense, activist investors control positions in the short-term game trend stronger than the broader market hot topic stocks, waiting for more profitable structural opportunities in the market outlook. In terms of sectors, the offensive line is still brokerages and technology stocks, the defensive line focuses on big consumption, and in terms of themes, it focuses on new materials and infrastructure. Shanxi Securities: Looking ahead, remind investors to pay attention to the possibility of market style switching. From a short-term perspective, an upside in the broader market requires the introduction of major benefits in fundamentals, capital or policies. In the early period when the amount of energy has not been amplified, the general rise is difficult to continue, and the structural market is still a high probability event. At present, the market is less controversial about maintaining loose monetary policy in the medium and long term, and in the context of global monetary easing, subsequent easing is also a matter of high probability. Under this circumstance, small and medium-sized enterprises represented by the technology sector are expected to continue to enjoy liquidity premiums. However, the independence of my country's monetary policy is relatively strong. If the progress of monetary easing repeatedly falls short of expectations, sectors with strong performance certainty and performance that can cross the cycle are expected to be favored by investors again. Huaxin Securities: On Thursday, the turnover of the two cities was 491.5 billion yuan, which was less than 500 billion for two consecutive days. The net inflow of northbound funds is nearly 2.7 billion yuan, and the accumulated purchases have been nearly 46 billion yuan since September. At present, the 60.3 billion yuan in February is the second highest this year. The overall market rebounded on Thursday. This round of adjustment did not break the original upward trend. At the same time, it can be seen that there has been a continuous net inflow of northbound funds in recent days, with a unilateral net inflow of 32.1 billion yuan on Wednesday and a unilateral net inflow of 2.7 billion yuan on Thursday. The continued substantial inflow of funds from the mainland stock market is also a recognition of the current A-share market. In addition, the adjustment of the Shanghai Stock Exchange Index and the Shenzhen Stock Exchange Index did not form a linkage effect, so the overall adjustment range tends to be limited. At present, we still maintain the judgment that we can get on the car properly through adjustment. Centaline Securities: The Fed cut interest rates, and countries around the world have followed suit to cut interest rates. Even if interest rate cuts are not followed in the short-term, domestic monetary policy is easy to loosen and difficult to tighten, which will help growth stocks maintain high valuations. In particStock operation timeular, the maintenance of high valuations in the US TMT sector will also have a demonstrative effect on the domestic TMT sector, and the growth stock market in September may continue. The Fed's rate cut will further confirm the current downward pressure on the global economy, and it is difficult for the external environment of my country's economic development to be fundamentally changed. The Kuznets cycle tends to decline, and consumer stocks will continue to rotate toward growth stocks. At the same time, the interest rate cut caused the US dollar index to rise and the renminbi depreciation, which was not conducive to financial and aviation sectors; the Fed's interest rate cut would increase the attractiveness of high dividend yield sectors.
Comment: Thailand's Chia Tai Group and its 12 business allies have formed an international consortium to bid for the high-speed rail project connecting Thailand's three main airports. Members of the consortium include CP Holdings, Railway Construction, and CRRC Qingdao Sifang. Now, one year has passed since the announcement of the new high-speed rail project, how the specific bidding situation aroused market attention.
The demand for edge computing is increasing day by day, and AI has begun to move from the cloud to the terminal, pushing up the demand for ASIC. According to the market research agency Ovum, the market share of ASIC will increase significantly from 11% to 48% from 2018 to 2025. The market share of ASIC is expected to rise significantly as the demand for edge computing increases.
From September 5 to late September is the downward cycle. (September 17 is a unique time node. Can it be divided into an upward cycle from September 5 to September 16, and a downward cycle from September 17 to the end of September and the beginning of October? But its own high point and space The high point is not the same, there is no big distance and error in the space, you can ignore it for now.)
There are various routines in the world of stock trading. Some people firmly believe in Buffett's value investment, some are looking for inside information, and some choose to believe in stock gods. Although there are stock gods every year, this year seems to be particularly large. Telephone calls and WeChat are simply bombarding modes, and they always report the names of brokerage firms first.
However, the reporter learned during the interview that unlike large banks that can receive Stock operation timeMLF support, joint-stock banks and city commercial banks need to issue multiple interbank certificates of deposit to ease long-term liquidity tensions. It is difficult for MLF to directly affect small banks like ours. Usually, after big banks obtain MLF liquidity support, they can be transmitted to small banks through the interbank certificate of deposit market. The above-mentioned person from the financial department of a commercial bank in North China said.
On August 19, Xi’an Tourism issued a simplified equity change report. Panjing Equity Investment Fund Management () Co., Ltd. (hereinafter referred to as Panjing Fund) increased its holdings of Xi’an Tourism 5069 through the Shenzhen Stock Exchange’s centralized bidding trading system on August 18. Ten thousand shares, accounting for 12% of the total equity of Xi'an Tourism. After the equity change, Panjing Fund directly held 11.85 million shares of Xi'an Tourism, accounting for 5% of the total equity of Xi'an Tourism.
The agency stated that, driven by policies and the market, hardcover houses are the general trend. The home furnishing accessories industry has ushered in integration opportunities, and home furnishing B-end dividends have grown. Leading companies have absolute advantages in cost, production capacity, services, and financial strength, and are expected to achieve the strongest. Among them, in the hardware industry, recommend products + channels, and deepen the B-side layout of Jianlang hardware; in the wooden door industry, recommend Jiangshan Oupai, which has stable engineering business and strategic cooperation to promote growth; in the ceramic tile industry, recommend the B-side dazzling performance. Mona Lisa, Diou Home Furnishing.
The large financial sector broke out across the board today. In addition to the brokerage and insurance sectors, the banking sector also set a daily limit wave. As of the close, Zhengzhou Bank (002936), Zhangjiagang Bank (002839), Postal Savings Bank (601658), China CITIC Bank, Suzhou Bank (002966), Hangzhou Bank (600926), Zijin Bank (601860), China Merchants Bank, Everbright Securities, etc. 20 stocks daily limit. In addition, the Industrial and Commercial Bank of China and China Construction Bank rose more than 8%.
On March 29, the total net inflow of funds from the North China was 19.3 billion yuan, the net inflow of 68.9 billion yuan through Shanghai Stock Connect, and the net inflow of 40.4 billion yuan through Shenzhen Stock Connect. Overall this week, there was a net outflow of 4.5 billion yuan in funds from Beijing, which is the second week of this year.
On August 5, the tenth trading day of the NEEQ Selected tier opened, the operation was stable. As the selected tier's pilot margin trading and securities lending business has been recognized by the regulatory authorities, all parties in the market are enthusiastically discussing that the selected tier will test the waters. Industry insiders said that this will provide investors with a new trading model, which is expected to improve market liquidity, but investors also need to fully understand and grasp the characteristics and risks of margin trading. Chen Li, chief economist and director of the research institute of Chuancai Securities, said in an interview with a reporter from the Securities Daily that the development of margin trading and securities lending is an important step in deepening the reform of the new third board. The selection layer of the NEEQ launches margin financing and securities lending business, which will activate the secondary market transactions in the selection layer, align with the GEM and the sci-tech innovation board from various aspects such as the trading syStock operation timestem and policy environment, and give full play to the role of the NEEQ selection layer. , To realize the interconnection of the capital market between different levels, so that enterprises can adapt to the market environment different from the basic layer of the new third board in advance, and provide more high-quality enterprises for the ChiNext and the science and technology innovation board. On March 19, 2010, the China Securities Regulatory Commission officially announced the list of the first batch of qualified securities companies for margin trading and securities lending. On March 31 of that year, margin trading and securities lending officially entered the securities market. On the basis of fully learning from the experience of margin trading and securities lending in the A-share market over the past ten years, the selected layer of the NEEQ will continue to improve liquidity, optimize market ecology, further improve market infrastructure, and accelerate product and service innovation. It is of great significance to play the leading role of the selection layer. Xie Cai, deputy dean and chief industry analyst of the Huacai New Third Board Research Institute, told a reporter from the Securities Daily that margin financing and securities lending can help improve market liquidity, and financing transactions provide investors with a mechanism for borrowing funds to buy securities. Provide market liquidity from the perspective of increasing market demand. Short-selling securities trading provides investors with a mechanism to borrow securities and sell them, which improves market liquidity from the perspective of increasing market supply. Therefore, margin trading has increased the trading volume of the securities market and improved market liquidity. Under a perfect market system, when excessive speculation in the market causes the price of a certain security to skyrocket, investors can short-sell securities through securities so as to promote the decline in the price of the security; conversely, when the value of a certain security is undervalued, investors can buy by financing Securities return their prices to basic values, which helps to form the market’s inherent price stabilization mechanism. In addition, margin trading and securities lending provides investors with a bilateral trading mechanism. When the market continues to be strong, investors can buy stocks by incorporating funds to amplify their profit multiples; while securities lending allows investors to sell in the process of continued market decline. The short stocks are then closed at low positions to make up for it, which brings risk returns to investors while enhancing market risk management capabilities. In Chen Li's view, margin trading and securities lending have the function of a price stabilizer, realizing the return of stock value and slowing irrational fluctuations. For investors, margin trading and securities lending can help investors better express their expectations of stocks. Chen Li further stated that the development of margin trading and securities lending provides investors with a bilateral trading mechanism, breaking the embarrassing situation that investors can only go long but not short when the stock price is high. On the one hand, it reduces the risk of inflated stock prices and large market bubbles when the unilateral trading mechanism is used; on the other hand, it can attract more rational and value investors to participate in select-level stock transactions, increasing market activity and even After the selection layer becomes active, it is expected to form a top-down transmission effect, which will gradually drive the innovation layer and the basic layer to become active. It is worth mentioning that margin trading and securities lending can also broaden the business scope of securities companies, and to a certain extent increase the application channels of securities companies’ own funds and securities. After the implementation of refinancing, other capital and securities financing allocation methods can be added. Improve the efficiency of financial asset utilization. However, margin trading and securities lending have a leverage effect, which increases investment risks while amplifying investment returns. Therefore, investors need to fully understand. Xie Cai believes that margin trading and securities lending have created not only an entrusted relationship between investors and securities companies, but also creditor and debt relationships. Fluctuations in stock prices will bring changes in investment gains or losses, and fluctuations in interest rates will also affect investors' interest and expense costs. For investors, they should understand the characteristics and risks of margin trading and securities lending, understand their own abilities and psychological endurance, and be aware of themselves and enemies before they can consider conducting margin trading and securities lending transactions.