Dawan District stocks rose and stopped, the two cities broke through 600 billion
The market waited for Sino-US trade negotiations, and the Shanghai Composite Index fell back yesterday, closing up less than 0.1%. The transactions in the two cities increased, surpassing 600 billion yuan (RMB, the same below) to hit a record high in 11 months.
Stimulated by the planning of the Guangdong, Hong Kong and Macao Dawan District, the concept stocks in the Dawan District rose sharply and surged.
11 months high, A shares stable
Analysts pointed out that after the Spring Festival, the market has accumulated a lot of increase, and there is a short-term profit-taking pressure. However, the market sentiment improved, coupled with expectations for this week’s Sino-US trade negotiations, the current round of rally is not over, and the short-term market may be expected to continue the upward trend.
Dawan District plans to announce on Monday night, stimulating the Shanghai Composite Index to rise nearly 1% yesterday, and see a high of 2780 points, but then fluctuated and fell back, and once fell 0.6%, the market rebounded, eventually closed at 2755 points, slightly up 1 point, less than 0.1 %. However, the Shenzhen Component Index closed down 0.1%, while the Growth Enterprise Index fell 0.5%.
The market sentiment improved and the market turnover continued to increase. The Shanghai and Shenzhen stock exchanges reached a total of 605.8 billion yuan yesterday, a record high in 11 months, a sharp increase of more than 10% from the previous day; among them, the Shanghai market turnover was 247.1 billion yuan.
However, the overseas funds that pushed the recent rebound in A-shares slowed down. The net inflows through Shanghai Stock Connect and Shenzhen Stock Connect yesterday totaled only 1.885 billion yuan, a sharp decrease from the previous day’s 5.18 billion yuan.
The rate of inflow of overseas funds has slowed down
The industry sector generally closed up yesterday. The venture capital and insurance sectors soared by more than 4%. The port water transport, software, and aerospace sectors were stronger. The increase was higher, but the telecommunications sector weakened and led the big consumer sector to weaken. fall.
Looking ahead to the market, analysts pointed out that the market has accumulated a lot of gains since last week, and there is a need for technical adjustment in the short term. However, due to favorable policies, improved market sentiment, continuous capital inflows, and the market’s optimistic expectations for the new trade negotiations held in the US this week, the short-term market is expected to continue its upward trend. The CITIC Securities Strategy Team believes that the current round of A-share rally is not over yet.