A shares increase in volume, foreign capital accelerates the entry of technology shares

Original title: A shares rose in large volume, foreign capital accelerated the entry of technology shares

　　On November 9, morale in the A-share market was high at the open, and all three major stock indices opened higher.Shanghai indexClosed up to 1.86%,Growing Business Market IndexThe increase was almost 3%, with 2,800 points, and 3,555 stocks were red, led by technology stocks such as semiconductors. Trade in the two cities was active, with a turnover of more than a trillion yuan.Capital to the northContinuation of the “home purchase” model.

“We can finally solve the problem,” sighed Huang Li (pseudonym) to the International Finance News reporter.SMICVarious items related to chips bought a few days before the listing.background, He has been inLostState, once lost more than 20 points, and now finally turned red.

The US presidential election “has settled down” and many US media claimed that Biden won the election. On November 9, A shares had high opening morale. All three major stock indices opened and rose. The Shanghai stock index closed 1.86% higher and the ChiNext index rose almost 3%, reaching 2,800 points. 3,555 individual stocks rose to the red, with semiconductor and other technology stocks leading the gains. Trade in the two cities was active, with a turnover of more than a trillion yuan, and the northern capital continued with the “home buying” model.

Market analysts analyzed in an interview with an International Finance News reporter that today’s A-share market rose as a result of the US presidential election. It became apparent, national fundamentals continued to improve and the speed of issuance of IPO slowed down. Accelerated capital inflows from the north have boosted A-share market sentiment. Investors should pay attention to the uncertainty faced by A-shares, and tech stocks still need to take into account the external market environment.

　　The price of a share goes up

On November 9, A-share morale was high, and the Shanghai and Shenzhen stock markets were very popular, with a turnover of 1.08 trillion yuan today.The Shanghai Composite IndexIt rose 1.86 to close at 3,373.73 points,Shenzhen Component IndexThe index rose 2.19% to close at 14,141.15 points, and the ChiNext index rose 2.96% to close at 2,814 points. The Science & Technology 50 Index rose 3.03% to close at 1,485.15 points, and 46 of the 50 constituent stocks closed higher.

Sectors and individual stocks mostly closed, 28 top-tier Shenwan industry indices overall turned red, tech stocks were among the biggest gains, electronics industry rose more than 4% and communications and computers increased by about 3%. A total of 3,555 shares in the Shanghai and Shenzhen shares closed, with a daily limit of 70 shares.

What are the factors driving the rise in A shares today? Independent financial commentator Guo Shiliang said in an interview with an International Finance News reporter:

First, the results of the US general election have become clearer. After Biden’s election, the frequency of black swan events in the market may decrease and his attitude towards the capital market tends to be moderate;

The second are antsMake newFund repayments, the market ushered in some incremental capital replenishment;

The third is the continuous improvement of the national economic fundamentals and the pricethe companyPerformanceContinue collecting;

Four isRMBStronger exchange rate, strong link between stocks and exchanges;

Fifth, the pressure on IPO issuance has weakened relatively, and the pressure on large-cap IPOs has been relatively light recently.

DebonInvestment in sharesThe strategy team believes that the current A-share market is in a period of cash shocks and the future structural market is expected to continue. Market concerns about the epidemic weakened again and attention turned to the US elections. In the context of Biden’s victory, US policy toward China is not expected to worsen anytime soon.

“The outlook for the A-share market still faces several major uncertainties. On the one hand, the IPO pressure is picking up again; on the other, the uncertainty of the US election results. Trump and Biden may start a tug-of-war. legal litigation loosens, against the world economic belt. It will have a greater impact, “said Guo Shiliang.

　　Foreign capital is “buy, buy, buy”

Beijing Capital is known as “smart funds”.Cash FlowThe trend has a greater impact on market sentiment.

　　Oriental wealthElection dataIt shows that the actual transaction calculations from last week, the northern capitalNet inflowStatus, a total net inflow of 21.416 million yuan in 5 business days,Shanghai Stock ConnectThe net inflow was 12,687 million yuan,Shenzhen Stock ConnectNet inflow was 8,729 million yuan. Main purchase during the periodMerchant Bank of China、Free china, Henderson,Luxshare Accuracy, With a net inflow of more than 1.1 billion yuan; preferenceGree Electric, The net purchase amount exceeds 2 billion yuan.

On the first day of trading this week, Beijing Capital continued the “buy, buy and buy” model of last week, with a net inflow of 19.699 million yuan today, of which 8.08 billion yuan came from Shanghai. Stock Connect and Shenzhen Stock Connect 11.616 billion yuan Judging from the top ten actively traded shares of Shanghai Stock Connect, Beijing Capital mainly buysKweichow moutai, The net purchase amount is 1.294 billion yuan,Longji Actions、Ping An from ChinaNet purchases exceeded 500 million yuan.Among the top ten active stocks in Shenzhen Stock Connect, Beijing Capital mainly buysIt was Ningde、BYD、Luxshare AccuracyNet purchases were 659 million yuan, 457 million yuan and 399 million yuan, respectively.

Guo Shiliang said: “As forward-looking capital heading north, it showed an accelerated net inflow last week. It is relatively positive in the A-share market. It also recognizes the A-share market as a global safe haven. A-share market value needs to be explored. ” “

　　Tech stocks reignite your passion

Long-silent tech stocks led the gains today. The electronics sector rose more than 4%, with a daily turnover of nearly 166 billion yuan, and 250 related stocks were red.Jiejie MicroelectronicsVeriSilicon,Chippen MicroWait for the daily limit of many actions. The communications and computing sectors increased by around 3%, and the military industry and national defense sectors increased by around 2%.

Looking back on the trend in the second half of the year, tech stocks fell after a sharp rise in July, and then maintained a volatile trend. In mid-to-late October, the electronics, communications, computer, and national and military defense industries fell and recovered after bottoming out in early November.

“The high growth rate of technology stocks is primarily related to Biden’s relatively subdued political expectations. Compared to the sudden pressure from the black swan during the Trump term, the pressure from the black swan has been reduced.” Guo Shiliang recalled that technology stocks must still look at the face of the external market environment, the United States Changes in the general election will affect the trend of technology stocks, together with the trend of foreign giant technology stocks, will also affect to national technological actions.companyProvides a greater impact. Therefore, investors can pay attention to the demand for supplemental earnings in heavy low-value stocks and expectations for supplemental earnings in traditional cyclical industries.

　　Huaan ValuesinInvestigation reportChina noted that the technology industry is more sensitive to the US elections, and the semiconductor sector is the first to benefit from the stimulus of the “14th Five-Year Plan.”Business benefitsIn terms of financial reports, the electronics sector is heading up and revenue growth remains in double digits year-on-year, with semiconductors topping 20% ​​year-on-year and IC design exceeding 40% year-on-year. science and technology, as the main means for the United States to repress China, has a clear “14th Five-Year Plan”.industryWith the autonomy of the chain, the technology growth industry maintains a high level of prosperity.

(Source: International Finance News)

(Responsible editor: DF380)