The two cities’ transactions are close to one trillion: what is the strength of the new high-tech for three years
Original title: The turnover of the two cities is close to one trillion, and the GEM has reached a new high of more than three years. What is the strength of technology?
The age of science and technology has arrived.
Last weekend, several heavy news were sent out continuously. The CSRC issued three heavy documents such as refinancing rules. The gradual expansion and downgrade caused many market concerns.
On February 18, the Shanghai and Shenzhen markets continued to increase volume, with a total of 9999 transactions.
500 million, a new high in the past year.
As of the close of the 18th, the Shanghai Composite Index closed at 2984.
97 points, a slight increase of 0.
The SZSE Component Index and GEM Index rose by 0.
58% and 1.
15%, GEM refers to the highest rush to 2170.
95 points, a new high in more than three years.
A total of 2804 stocks increased in Shanghai and Shenzhen, accounting for 76 of the total number of tradable stocks.
Different from the single-day trillion-dollar transactions in previous years, this time it was not led by financial stocks, but strong gains in technology stocks.
The market can’t help but sigh: The age of technology has arrived.
Technology stocks led trillion transaction data show that on the 18th, the total transaction value of the two cities reached 9999.
500 million, more than 5 years have passed since the first breakthrough of trillion.
On December 5, 2014, A-shares broke the trillion mark for the first time in the history of the A shares.
07 trillion, when the Shanghai Stock Exchange Index stood at 2938 points.
In 2015, the largest single-day trading volume in the Shanghai and Shenzhen markets ever exceeded two trillion. Several brokerage trading systems had a history of being temporarily shut down after being shut down.
On February 26, 2019, the turnover of the A-share market exceeded two trillion US dollars for two consecutive trading days, which caused the extension of the brokerage server’s server to crash again.
Obviously, the trillion-dollar transactions this time are different from each time before.
At that time, when trillion-dollar transactions in the two cities rose, the financial sector was often the first to take the lead. Bank stocks and securities firms led the financial sector.
The daily limit of 41 stocks in the Shenwan brokerage industry all reached CITIC Securities’ daily turnover of 117.
The insurance sector rose across the board. China Pacific Insurance, China Life Insurance, Xinhua Insurance, and China Life Insurance all recorded daily limits.
The banking sector was collectively higher. More than 10 banks, including Zijin Bank and Zhangjiagang Bank, had daily limit.
Merger brokers also said that the trend is bullish on finance, especially the proportion of brokerage firms has risen to a high level in the stock market, and there is still plenty of room for subsequent capital inflow trends to remain.
This time, the financial sector no longer occupies the top spot, and technology stocks have suddenly become the leader.
After midday on the 18th, the breakdown of semiconductor materials led the rise, and the stocks related to the semiconductor industry chain concentrated daily limits.
The GEM Index rose more than 1%, hitting a new high since December 2016.
Technology stocks led the gains strongly. Graphite rubber, 3D cameras, domestic chips and other technology stocks have become the main force leading the market growth.
On February 4, 2020, the Ministry of Industry and Information Technology issued the “Putting out the Energizing Effect of Artificial Intelligence to Combat Pneumonia Epidemic Prevention and Control of New Coronavirus Infection” to further utilize the enabling effect of artificial intelligence technology in epidemic prevention and control.
Haikang, Dahua, Qianfang, Gaoxing, Deaf, Yuncong, Yuntian Lifei, etc. provide infrared temperature measurement and screening programs for abnormal body temperature. Yunzhisheng’s dialogue robot has realized efficient smartphone inspection. The G7 alsoProvide logistics big data for epidemic prevention and control.
According to the figure, CT imaging assisted diagnosis system was launched. Dahua, Qianfang, Yuntian Lifei, Issa and others released solutions for contact tracking and patient monitoring.
The news that Shanghai universities, middle schools and primary schools will launch online education in March has also stimulated distance education-related stocks to rise.
Data show that on February 5th, the mobile office application “Dingding” surpassed WeChat for the first time, jumping to the top of the Apple App Store.Tencent Enterprise WeChat said on the 10th that its server requests increased by more than 10 times, and the number of Tencent conference users per day is 50%?
In terms of distance education, online education stocks such as Li Sichen, All-round Education, and On Li Education have reached daily limit.
In addition, telecommuting, new retail, and Tesla concepts, domestic chip concepts, etc. in the theme of the house economy have also taken turns.
The outbreak of the integrated cloud computing needs ahead of time. In order to protect the remote office needs of banking and insurance industries, Tencent Cloud expanded 100,000 cloud hosts in 8 days.
A-share related listed companies such as Topway Information, Inspur Information, UFIDA Network, etc., all posted very positive gains after the holiday.
Haitong Securities said that the industry promoted by the bull market is technology + securities firms, and the technology market is a medium-term trend.
The market rebound since February 4th has given signals that this round of rebound in TMT and the new energy industry has led the growth rate. Looking ahead, the computer, media, and new energy vehicle sectors will continue to perform.
Looking at it, looking at the three waves of the bull market, the industry’s rapid profit growth rate will eventually increase.
Multiple sets of combined punches have helped the A-share epidemic to hit, and the supervision has been carried out together, injecting strength into the real economy, and also helping companies to overcome difficulties.
At the beginning of the Spring Festival, in the mid-term, the Ministry of Finance, the Banking Regulatory Commission, the Securities Regulatory Commission, the Foreign Exchange Bureau and other five departments jointly issued the “Notice on Further Strengthening Financial Support for the Prevention and Control of New Coronavirus Infection and Pneumonia Epidemic”.Enterprises provide differentiated credit support, and put forward 30 pragmatic alternatives to areas that have been severely affected by the epidemic, such as renewal or renewal of loans that are difficult to terminate loan repayments.
These include flexible and proper adjustment of regulatory matters such as corporate information disclosure, appropriate relaxation of the time limit for capital market related business processing, priority to provide financing services for listed companies in epidemic-affected areas, and reduction of some expenses such as listing of companies with severe immunity.
With the gradual stabilization of the epidemic situation outside Hubei Province, the policy objectives have shifted from the early emergency prevention and control stage to the stage of resumption and counter-cyclical adjustment.
On the evening of February 14, the CSRC officially issued three heavy documents on the refinancing rules: “Decision on Amending the” Administrative Measures for the Issuance of Securities by Listed Companies “, and” About Amendment of the “Interim Measures on the Administration of Securities Issuance by Listed Companies on GEM.””” “,” Decision on Amending the “Detailed Implementation Rules for the Non-public Issuance of Stocks by Listed Companies”.
New regulations for refinancing of listed companies further strengthened the market’s bullish foundation.
Huatai Securities said that compared with the contents of the draft, three changes have taken place in the new rules, namely the relaxation of the limit on the size of non-public offering funds and the adjustment of the “new and old cutoffs” (from the time of approval and approval to the time of completion of issuance)Strengthening the supervision of the behavior of real debts of stocks, these changes are precisely to meet the urgent needs of corporate financing under the epidemic situation.
National Gold Securities Li Lifeng also said that the new refinancing rules loosened the refinancing conditions of listed companies. In many ways, it exceeded market expectations, triggered the vitality of the stock market, revitalized the existing funds, and attracted incremental funds, which was generally beneficial to investors.Rising risk appetite.
In addition, following the gradual implementation of the reverse repurchase of 10,000 trillion last week, the new MLF operation will be gradually carried out, which will reduce and decrease by 10 basis points.
The market view is that the GEM or bull market has arrived.
Haitong Securities believes that the market is still in a consolidation phase and its structure is biased towards technology.
The initial bull market pattern remains the same, but the pace has changed, and the market still needs time to digest the impact of new crown pneumonia on short-term fundamentals.
When the market consolidates in the future and re-enters the bull market, the three waves will increase, but it will still depend on fundamental data.
If the future epidemic control is smooth, economic activity will gradually return to normal in March, and the market must choose its direction after the consolidation in April at the latest.
The index keeps rising, and sustainable foreign countries have also expressed optimism about A shares.
The latest research released by Morgan Stanley shows that factors including accommodative policies, new rules for refinancing, new cases of new crown pneumonia, and sudden shocks from overseas will drive A shares to continue to rise.
According to the FTSE Russell Democracy’s first half of 2020 index evaluation timetable, the preliminary results of the FTSE Russell Global Stock Index Semi-annual Review will be released on February 21, 2020.
The market opened on March 23, and the results of this quarter’s index evaluation are reflected.
This review will adjust some of the indexes in the global index series, and also increase the subdivision factor of A shares to 25%, completing the replacement of the third part of the first phase of FTSE Russell A shares.
It can be seen that the epidemic has not affected foreign enthusiasm for A shares.
The largest hedge fund in the world, the Bridgewater Fund, submitted its fourth-quarter 2019 position report to the SEC. It also proved its bullish view of China with actual actions, and added value to the two China-related ETFs held in the portfolio.Hold 13.
And, in the Bridgewater Strategy and Market Outlook 2020 report, Bridgewater repeats again, “If you don’t invest in China, it will be very dangerous.”
The snap-up of over-the-counter explosive funds also showed the market’s rising sentiment.
Bank of Communications Schroderius closed three-year operation of the hybrid securities investment fund to complete the fundraising on the day of release.
Chen Guangming’s Ruiyuan Fund’s second public offering, Ruiyuan’s balanced value three-year holding period hybrid fund easily reached the 6 billion initial fund cap, and even set a record of 20 billion in one hour and 40 billion in half a day.
However, whether the market will continue to grow, expansion brokers believe that it may enter a period of shock.
Northeast Securities Research Director Fu Lichun told reporters that the surge in GEM may be driven by liquidity, which may change the development of the epidemic, and policy changes will cause some changes in factors, which will lead to some stages of the market.Sexual transformation.
Fu Yanping, a strategic analyst at Galaxy Securities, believes that the impact of the epidemic on the market is diminishing. Transformation and reform policies have boosted confidence and become the main internal driving force for strong market growth.
Recent policies may still be released one after another. Policy factors will continue to drive the market trend. The liquidity environment will maintain a reasonable level of internal sufficiency. The market is expected to enter a period of shock consolidation, with short-term increases and pressure.
Also note that the current economic data window period, the impact of the epidemic on the economy, will be gradually reflected in the economic data released in March.
Coincidentally, CITIC Construction Investment also believes that the market is likely to enter a balanced shock, and the short-term space is limited.
In terms of industry configuration, we will continue to pay attention 四川耍耍网 to three main lines.
First, the main line of technological innovation transformation and upgrade, recommending cloud computing, medical information technology, new energy vehicles and other sectors.
Second, there are certain opportunities in the cycle of counter-cyclical regulation, infrastructure-related building materials, cement, chemical and other cyclical industries as well as machinery and construction industries, which are expected to obtain absolute benefits.
Third, the main line will be restored after demand has been compressed, such as real estate, home appliances and home furnishing industries.
China Everbright Securities also stated that it is not recommended to play games with excessive short-term trading funds, and it is advisable to continue to hold positions patiently, and continue to buy long-term 佛山桑拿网 funds.
The market in the beginning of March will be tested by economic data. Therefore, further attention needs to be paid to the direction and intensity of policy counter-cyclical adjustments. The development of infrastructure and the stabilization of household consumption may be important starting points.