The three major equity indices continue to shrink and adjust the cyclical sector out of the independent market |

Summary

[I tre principali indici azionari continuano a ridursi e ad aggiustare il settore del ciclo fuori dal mercato indipendente]On November 11, the three major equity indices in the A stock market continued to shrink and adjust, and the overall operating structure was essentially the same as on Tuesday. The Shanghai stock index performed better than the two stock markets of the Shenzhen Equity Index. On record, with the exception of a few tier two and third tier liquor stocks that repeatedly set new highs, cyclical sectors such as cement, coal and non-ferrous metals also countered the trend yesterday. (Shanghai Securities News)

11 NovemberA groinmarketThe three major equity indices continue to decline and adjust and the overall operating structure is essentially the same as on Tuesday.The Shanghai composite indexIt outperformed the two major equity indices on the Shenzhen Stock Exchange.

At the end,The Shanghai composite indexReported at 3342.20 points, down 0.53%;Shenzhen Component IndexReported at 13720.17 points, down 1.95%;Market index of growing companiesIt reported 2681.52 points, down 3.31%. Shanghai and Shenzhen totalDeal869.615 billion yuan, which is the second consecutive day of substantial contraction, which is nearly 20% from Monday.

On record, with the exception of a few tier two and third tier liquor stocks that repeatedly set new highs, cyclical sectors such as cement, coal and non-ferrous metals also countered the trend yesterday.

In the cement sector,Tianshan sharesDaily collection limit,Shangfeng cement、Ningxia building materials、Qilian MountainsThe increase was over 4%. In the coal sector,Panjiang sharesDaily collection limit,Anyuan Coal6.81% increase. Many aluminum stocks have also increased significantly recently.Huafeng aluminumThree consecutive tables have been collected,YunluIt’s a new high this year.

Institutions have generally declared it as the global epidemicEffective controlEconomic recovery will become the main line of the future market and the pro-cyclical concept could take advantage of the trend.

　　CICCbosseconomistPeng WenshengIt is believed that, looking forward to next year, the impact caused by the epidemic is expected to gradually diminish,supplycreaterequestDownmultiplierThe effect could bring the economy back to the endogenous cycle of fluctuations.

　　fundsOverall, northbound funds continue to show a pattern of “Shanghai strong, Shenzhen weak”, which caused the last two trading daysShanghai IndexThe important reason is significantly stronger than the Shenzhen constituent index. As of yesterday’s close, northbound funds sold 930 million yuan net during the day, of whichShanghai Stock ConnectChannel net purchases of 2.490 billion yuan,Shenzhen Stock ConnectNet sales of the channel were 3.420 billion yuan. In the past two trading days, total net purchases of Shanghai Stock Connect channels were 4.633 billion yuan and total net sales of Shenzhen Stock Connect channels were 9.673 billion yuan.

The list of the top ten active stocks announced by the Hong Kong Stock Exchange shows that northbound funds bought mostly yesterdayconsumptionAnd the financial industry leader, selling a part ofTechnological actions。Gree Electric、SAIC、Vanke A、Ping An of ChinaYesterday they received net purchases of 581 million yuan, 521 million yuan, 426 million yuan and 311 million yuan from northbound funds. Simultaneously,BOE A、Luxshare Precision362 million yuan and 351 million yuan were sold net from northbound funds respectively.

(Article source: ShanghaiTitlesNewspaper)

(Responsible publisher: DF520)