be caught off guard! Black Friday for a shares: 16.3 billion of funds in the North

category:Finance
 be caught off guard! Black Friday for a shares: 16.3 billion of funds in the North


Bull market standard bearer plummeted, even Maotai also

On the disk, the industry sector generally fell, with the material industry, medical industry, telecom operation and other sectors falling first;

Bull standard bearer stock market plate fell more than 6.5%.

Late dive of military industry plate

Specifically, in the national defense and military industry plate, Changying information quality, aerospace rainbow, Xinyu National Science and Technology Co., Ltd. maintained trading and closing. China Shipbuilding defense board diving, Hongdu Aviation, AVIC Shenfei, Tianhai defense, BaoTi shares, aerospace Changfeng, etc. fell sharply.

In terms of capital flow, recently, northbound funds have fled sharply. As of the closing of Shanghai and Shenzhen stock markets, northbound funds have been sold by 16.357 billion yuan, Shanghai Stock connect by 9.3 billion yuan and Shenzhen Stock connect by 7.1 billion yuan.

What happened today?

Intensive holding reduction of science and Technology Innovation Board

According to statistics, on July 22, the total scale of the 25 stocks on the science and technology innovation board was 3.16 billion shares, with the corresponding market value of more than 180 billion yuan. Among them, the top three companies in terms of the value of the lifted stock market were Zhongwei company, LanChi technology and hongruan technology.

On the evening of the 23rd, nine companies, including Zhongwei company, Western superconductor, Hanchuan intelligent and Wald, announced plans to reduce shareholders shares. Among them, the small and medium sized companies try to make inquiry transfer system, and the remaining eight companies reduce their holdings by centralized bidding and block trading.

Since the first batch of 25 companies were listed on July 22, 2019, the capacity of the science and technology innovation board has continued to expand. As of July 21, the number of science and Technology Innovation Board companies has reached 133. About 3 / 4 of the 133 listed companies are concentrated in the top four industries: computer (28), medical biology (28), mechanical equipment (26) and electronics (20).

After going public, the trend of the science and technology innovation board experienced several waves, first experienced a relatively obvious downward trend, then began to rise sharply. In February, it experienced a deep correction of the epidemic situation, and then rose sharply again since April.

After the big rise, the current overall valuation of the science and technology innovation board is significantly higher than that of other sectors. At present, PE valuation is 89.20 times and Pb value is 8.44 times. If we remove some undervalued companies, from the perspective of popular industries, the PE of communication, medical biology and computer industry of kechuangboard will reach 255.3 times, 163.7 times and 132.1 times respectively. Behind the high valuation, the balance of the two financial institutions on the science and technology innovation board has reached new highs, reaching nearly 30 billion yuan.

Apple shares fell 4.5%. Goldman Sachs, ahead of Apples results, predicted that Apples earnings per share in fiscal 2021 would be 16% lower than market expectations due to slower sales, average selling prices and growth. In addition, the release of 5giphone may be delayed due to the uncertainty of the new crown epidemic, and Apple will not provide revenue guidance for the next quarter. Goldman Sachs said Apples rebound to record highs was unsustainable.. Apple is due to release quarterly results on July 30.

Tesla opened high and went low, giving up all the gains, down 4.98%. Teslas results exceeded market expectations, and musk said it was ready for success in the second half of the year, reiterating its goal of delivering 500000 vehicles this year. But Jay Clayton, chairman of the U.S. Securities and Futures Commission, called a roll call on Thursday to warn of risks, saying he was worried that individual investors were putting money into high-risk short-term trading, sending shares of companies such as Tesla soaring.

On July 23 local time, the latest data released by the U.S. Department of labor showed that the number of people applying for unemployment benefits for the first time last week was 1.416 million, higher than the 1.3 million people expected by the market. This is the 18th consecutive week that more than 1 million people have applied for unemployment benefits. At the same time, it is worth noting that this is the first time since the outbreak rebounded that the data reversed the downward trend that has lasted 15 weeks.

Johns Hopkins University statistics show novel coronavirus pneumonia cases in the United States exceed 4 million cases in July 23rd, 4005414 cases in the eastern time, and 143820 cases in the death cases.

There are two reasons for the market decline?

Founder securities analysis that the market fell due to two reasons. First, the peripheral markets fell significantly overnight, and the rising unemployment rate exacerbated the markets worries about the economy, with the NASDAQ index falling by more than 2%; secondly, the first batch of shares reduction after the lifting of the ban on the scientific and technological innovation board. After the closing of yesterday, nine companies of the science and technology innovation board successively issued the announcement of reducing their holdings. As a result, the Kechuang 50 index fell sharply today.

Tianfeng Securities said that after the market experienced short-term large fluctuations, the index market is expected to come to an end and is expected to return to the structural market.

Shanxi Securities pointed out that the overall market is in a volatile pattern, investors should not change hands frequently. Judging from the current market sentiment, it is not yet ready to start a new round of upward market conditions. In the future, various sectors may be dominated by shocks, so it is suggested to maintain a cautious attitude towards them in the short term. In the medium term, the market volatility trend will remain for a period of time, and it is recommended to pay attention to the undervalued high-quality target with fundamental support. In the long run, with the support of macroeconomic fundamentals, the overall upward trend remains unchanged.

Guosheng Securities believes that in the short term, when the wait-and-see atmosphere is strong, the market should be cautious, not easy to operate frequently, and try to avoid chasing up and killing down. Because the medium-term market trend has not changed, it pays attention to the low-value high-quality target, the chemical industry, building materials, construction and other counter cyclical investment industries with certainty recovery expectation, and the household appliances and automobiles with Pro cyclical policies to increase stimulus New infrastructure, as well as the country may accelerate the implementation of digital currency and other related stocks.

Guotai Junan forecast, the Shanghai index maintained 3200-3400 shocks. The current market will turn from the early trend stage to the shock stage. On the one hand, 3500 points of resistance is relatively large, and there is no basis for the current styles to help breakthrough from bottom to top. On the other hand, the market earning effect is weakened, and the incremental funds are slowing down. The general trend will be mainly volatile for some time in the future. The follow-up needs to focus on regulatory, Sino US, and profitability factors. Style transition from financial cycle to technology consumption. Recommend Electronics / computer / new energy / household appliances / automobiles. According to the analysis of CSCI, after the market correction, the economic fundamentals will change significantly: the scale of social financing will gradually normalize, which means that the growth rate of social finance will slow down compared with the first half of the year. In the first half of this year, the impact of monetary policy on prices will gradually emerge, and the upward trend of CPI and PPI and the performance of cyclical stocks will be observed. From the perspective of large categories of assets, the slowdown of social finance and the relative increase of central banks money supply will lead to the decrease of treasury bond interest rate and the emergence of trading opportunities for long-term treasury bonds. From the stock market point of view, the stock market will continue to shock, banks, insurance, cycle and other undervalued plate will continue to dominate. Source: editor in charge of economic report in the 21st century: Zhong Qiming_ NF5619

Guotai Junan forecast, the Shanghai index maintained 3200-3400 shocks. The current market will turn from the early trend stage to the shock stage. On the one hand, 3500 points of resistance is relatively large, and there is no basis for the current styles to help breakthrough from bottom to top. On the other hand, the market earning effect is weakened, and the incremental funds are slowing down. The general trend will be mainly volatile for some time in the future. The follow-up needs to focus on regulatory, Sino US, and profitability factors. Style transition from financial cycle to technology consumption. Recommend Electronics / computer / new energy / household appliances / automobiles.

According to the analysis of CSCI, after the market correction, the economic fundamentals will change significantly: the scale of social financing will gradually normalize, which means that the growth rate of social finance will slow down compared with the first half of the year. In the first half of this year, the impact of monetary policy on prices will gradually emerge, and the upward trend of CPI and PPI and the performance of cyclical stocks will be observed. From the perspective of large categories of assets, the slowdown of social finance and the relative increase of central banks money supply will lead to the decrease of treasury bond interest rate and the emergence of trading opportunities for long-term treasury bonds. From the stock market point of view, the stock market will continue to shock, banks, insurance, cycle and other undervalued plate will continue to dominate.