[ad_1]
Original title: Daoda Investment Notes: Blockbuster data is beautiful, A shares still falling
Yesterday morning, the operation of the bulls was as fierce as a tiger. The Shanghai Stock Index rose almost 1% at a time, but it was often said that it was not attractive enough for three seconds. In less than half an hour, the market crashed, and eventually the Shanghai stock index closed 23.69 points. It closed at 3,312.67 points, down 0.71%, and the ChiNext index fell 1.28%.
The news is really good. Third quarter GDP was released and the data was pretty good. It should have stimulated market sentiment. However, no matter how good the data is, the A shares still don’t appreciate it.
The economic data is very good
Yesterday, the National Statistics Office announced the first three quarters of GDP. According to preliminary estimates, gross domestic product in the first three quarters was 7.22786 billion yuan, an increase of 0.7% year-on-year at comparable prices. China is the country with the best control of the epidemic and with the earliest resumption of work, and its economic vitality has maintained the best, this data is not surprising. 0.7% seems very low, but the GDP growth rate has changed from negative to positive, which is definitely the first in the world.
In quarterly terms, GDP for the first quarter fell 6.8% year-on-year, the second quarter grew 3.2% and the third quarter grew 4.9%. The data increases quarter by quarter, rewarding and confident data.
In terms of industries, the added value of primary industry was 4.812.3 billion yuan, a year-on-year increase of 2.3%; secondary industry added value was 274 267 million yuan, an increase of 0.9%; the added value of the tertiary industry was 40.397 billion yuan, an increase of 0.4%. From a month-on-month perspective, third-quarter GDP increased 2.7%.
It can be said that all the data is very good. There is no doubt that China’s economy has returned to its pre-epidemic state, which can be described as a “full blood resurrection.”
However, for this type of data, the market has been “going strong” for less than half an hour and the bulls are really weak. What can be done?
Great attention to quantum issues.
The subject of quantum communication still felt a bit “dead to light” yesterday. The most authentic stock of this item is the National Shield Quantum on the Science and Technology Innovation Board, which attracted a lot of attention when it was first made public. However, the National Shield Quantum opened 15% higher yesterday, and the short-term fever spiked by as much as 18%, and then fluctuated all the way. The final increase was only 9.66%. Funds that entered quickly at the highest point were covered by 10% that day, hurting popularity. Looking at the trend of the Quantum Communication Index again, this yin line is scary to see.
Of the several companies mentioned the day before yesterday, with the exception of National Shield Quantum, most of the stocks are going up and down. Only Blue Shield shares have a daily cap most of the day, and it is still “20CM”.
You may have to say that Blue Shield cannot be purchased. If you can’t buy stocks, you can buy convertible bonds. Blue Shield convertible bonds were up more than 60% yesterday, and it was “T + 0” which was a stimulus.
This kind of speculation actually gives us an idea. In the future, there will be such explosive themes. Don’t focus on stocks. Once the shares close directly to the daily limit, you cannot buy them. If you have convertible bonds, you can. Convertible bonds. Moving forward, we will not only look at convertible bonds, but also GEM companies with convertible bonds. The explosive power can be stronger.
SMIC can track
Yesterday, many friends began to pay attention to SMIC. Due to the high degree of attention at the beginning of the listing, it also led to a very poor trend: the stock price fell below 50 yuan before National Day.
However, after the holidays, SMIC suddenly reversed: after the 12% increase on October 12, it did not fall. Recently, the science and technology innovation board weakened again, but SMIC rose 3.56% against the market yesterday and its share price rose to 60 yuan.
In the news, SMIC recently raised its third quarter performance guidance. The quarterly revenue growth guide for the three months ended September 30 was revised up from the original 1% to 3% to 14% to 16%, due to changes in the product mix and growth in other commercial revenues; As of September 30, 2020, the three-month gross margin guidance has been raised from the original 19% to 21%, to 23% to 25%.
The future trend of SMIC, I think it is necessary to focus on the follow-up, this may be a chip stock palette.
Looking at short-term finances
For the market outlook, the short term may also depend on financial stocks. Other hot spots were terrible yesterday, which doesn’t surprise me. Due to the broader market, I focus on the face of banking stocks and insurance stocks.
Yesterday morning, China Construction Bank, Industrial and Commercial Bank and insurance companies such as China Life and China Ping An performed well. For example, China Life, which was once up more than 5%, ended up with a gain of less than 1%, and China’s Ping An ultimately fell.
Then continue to see short-term adjustments. Last Monday, October 12, the Shanghai Composite Index had a small gap (3280 to 3286), it is possible to fill the gap and then talk about a rebound. (Zhang Daoda)
In accordance with the latest regulations of the relevant state departments, this manual does not imply any suggestion of operation, and enter the market at your own risk.
