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Original title: Shanghai Stock Exchange Index 50 reaches a new high since March 2008
Our reporter Wu Shan and trainee reporter Chu Lijun
Yesterday, the Shanghai index once again stood at 3400 points and established the largest single-day rise this week. The Shanghai Composite 50 Index rose 1.54% yesterday, closing at 3,498.66 points, setting a new high since March 2008.
Judging by the performance of the sector indices, yesterday 17 of Shenwan’s 28 top-level indices increased, representing over 60% of the total. Banks led earnings with a 2.25% increase. Agriculture, forestry, animal husbandry and fishing, real estate, non-bank finance, The national defense and military industry index recorded the largest increase; non-ferrous metals and communications industries have the largest decline.
From the point of view of the flow of funds, yesterday’s large-scale financing for large financial sectors was obvious. Among them, banks received a net purchase of 5.257 billion yuan in large-scale financing, non-bank financials received a net purchase of large-scale financing of 2.331 billion yuan, real estate, defense and military. The agriculture, forestry, animal husbandry and fishing industries are also in a state of net purchases with large single funds.
Judging from the market trend this week, the A market share shows a pattern of “Shanghai strong and Shenzhen weak”. Notably, the Shanghai Composite Index was up 0.91% this week and the Shenzhen Component Index was down 1.17% this week.
Regarding the A-share market trend this week, Xia Fengguang, manager of the future star fund of the private equity ranking net, said in an interview with “Securities Daily” reporter that this week was characterized by differentiation. Due to the strengthening of the financial and real estate sector, the Shanghai Stock Exchange 50 Index made an upward turn. But the trend of most stocks is relatively slow. This reflects the confusion of the current market. After the cyclical sector continues to strengthen, there are expectations for the recovery next year. However, the overall performance of the cyclical sector is still quite weak. More upside in the market comes from the easing of funds, along with concerns over continued easing of funds. Increased, the pressure gradually increased. In the medium to long term, cyclical products with low valuations, including finance and real estate, still show an upward trend and there is no reason to be pessimistic regardless of their fundamentals or capital. So don’t worry too much about the broader market index.
Regarding the market outlook, Chen Wenjin, senior researcher at Qianming Assets, said in an interview with a Securities Daily reporter that in the medium and long term, political expectations and confidence in the economic recovery are the main factors that affect the sector currently, as market sentiment has been restored in the near future. , The market is expected to float higher next week as a whole.
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