Late pull up, index up nearly 2percent, northward funds fled for 5 consecutive days! Whats going on in convertible bonds?

category:Finance
 Late pull up, index up nearly 2percent, northward funds fled for 5 consecutive days! Whats going on in convertible bonds?


Shanghai index keeps stable 3300

Today, the trend of the three major indexes rose, and the market sentiment turned warm. The growth enterprise market index rose by nearly 2%, the new shares of registration system went up unilaterally, liquor, automobile and environmental protection projects went up successively, and convertible bonds were active collectively. In the afternoon, individual stocks rose more and fell less, with more than 40 trading limits, but the market turnover was relatively sluggish.

By the end of the day, the Shanghai composite index was up 0.47% to 3328.10 points, the Shenzhen composite index was up 1.36% to 13603.88 points, and the gem index was up 1.89% to 2740.58 points.

Plate: registered new shares, liquor, beverage manufacturing, todays headline concept and other sectors went up, while banks, military industry, coal and other sectors fell first.

In terms of individual stocks, over 2800 stocks were red, 42 stocks were trading, and nearly 200 stocks were up more than 5%; more than 1000 stocks were floating green, and 15 stocks were down more than 5%.

In terms of capital, the total transaction volume of Shanghai and Shenzhen stock exchanges was 667.4 billion yuan, which was 71.7 billion yuan less than 739.1 billion yuan of the previous trading day. Among them, the turnover in Shanghai stock market was 227.8 billion yuan, which was 56.1 billion yuan lower than 283.9 billion yuan in the previous trading day, and 439.6 billion yuan in Shenzhen stock market.

As of 15:00, the net outflow of funds from the North was 1.113 billion yuan, that of Shanghai Stock connect was 2.1 billion yuan, and that of Shenzhen Stock connect was 9.87 yuan.

Registration system of new shares strong all day

Liquor plate goes up

In terms of sectors, the new shares of registration system were strong all day, with the plate index rising by more than 8%, C panda rising by more than 35%, Tongniu information, Songyuan shares, Canaan intelligent and kabiyi were all subject to a 20% limit, while Kangtai medical, C Kaixin and Wansheng intelligent rose by more than 10%.

The rise of liquor stocks was higher than that of Jinhui liquor. Kouzijiao and Jinshiyuan rose by more than 5%, Yanghe shares and Luzhou Laojiao rose by more than 3%, and the shares of Guizhou Maotai and Wuliangye rose by more than 2%.

The auto sector was stronger, with Changan motor trading at the end of the day, with its share price reaching a new high since 2015; the trading limits of kabeyi, Shuanglin, WanLiYang, Quanfeng automobile and Wanan Technology Co., Ltd. increased by more than 5%.

After continued protection, the bank plate appeared a correction, construction bank, Bank of Chengdu, etc. fell more than 2%.

The Hang Seng Index of Hong Kong shares closed slightly up 0.11%

Evergrande closed up nearly 10%

The Hang Seng Index rose slightly by 0.11%, while Evergrande Motor Co., Ltd. closed up nearly 10% higher. Recently, it has signed a listing guidance agreement with Haitong Securities and registered with Shenzhen Securities Regulatory Bureau. It plans to list on the science and Technology Innovation Board of Shanghai Stock Exchange.

Asia Pacific stock markets closed mixed. Tokyos Nikkei 225 index fell 0.44% to 23567.04. The South Korea composite index rose 0.50% to 2358.41. The Australian common stock index fell 0.60% to 6396.80. New Zealand shares (NZ50) rose 0.62% to 12462.05.

The convertible bond market staged a circuit breaker tide!

Today, the convertible bond market rose violently and staged a wave of circuit breaker tide. In the trading day, 7 convertible bonds triggered temporary suspension, 3 triggered second temporary suspension, and Blue Shield convertible bonds soared nearly twice in three days. More than 1000% of the convertible bonds were exchanged.

Among them, Blue Shield convertible bonds soared 64% in the intraday trading, twice triggered the temporary suspension of circuit breaker mechanism, and the closing price narrowed to 320 yuan, up 13.07%.

Kailong convertible bonds and radio and television convertible bonds rose by more than 20%, triggering a temporary suspension of trading. After the temporary suspension, the increase of Blue Shield convertible bonds, Shenglu convertible bonds and Henghe convertible bonds expanded to 30% after the resumption of trading, and the second temporary suspension of trading was triggered. By the end of the day, most of the convertible bonds had recovered their gains. Only Shenglu convertible bonds rose 32.29% to 336 yuan, while the China Securities convertible bond index closed up 0.44%.

Among them, molding convertible bonds rose by more than 27%, Yokogawa convertible bonds by more than 15%, Blue Shield convertible bonds by more than 13%, Tongguang convertible bonds by more than 12%, Jinnong convertible bonds by more than 12%, Jingrui convertible bonds and Baihe convertible bonds by more than 11%, and special issue convertible bonds by more than 10%.

When it comes to the reasons behind the circuit breaker wave of convertible bonds, the article of China Securities Journal said that the emergence of the circuit breaker tide was accompanied by a surge in turnover rate, and the trend deviated from the stock market, indicating the risk of fund speculation.

Investors: the market is back!

For todays market, many investors said: to calm down!

Although the index pull up, but the volume does shrink, waiting for the future market!

The difficulty today is that there is still no main line. Yesterday was quantum technology. Today, it became convertible bonds in the morning and new shares were registered in the afternoon.

Organization: A-share slow bull pattern remains unchanged

Yuanda investment adviser believes that the recent market overall presents a trend of contraction and shock, mainly due to investors concerns about the high decline of listed companies profits, overseas risks brought by external environment and high valuation. However, from the perspective of medium and long-term pattern, the performance forecast shows that the third quarter earnings of listed companies are expected to exceed expectations; the moment when overseas risks are most suppressed has passed, and the risk preference is easy to rise but difficult to fall; at the same time, with the short-term earnings exceeding expectations, the pressure on valuation before the end of the year will also be effectively alleviated. Therefore, the short-term market volatility does not change the pattern of slow rise in the medium and long term, and the Shanghai index is expected to hit the upper edge of the 3500 point range again.

Hexin investment adviser said that the Shanghai and Shenzhen index all chose to rebound after touching the 10 day line. It can be seen that most of the funds entering the market after the festival did not choose to leave the market in the recent adjustment, but wait for new hot spots to appear. Once the main force completes the position adjustment and stock exchange, the pulse rebound market is expected to return. At the same time, the information that ant group plans to list a + H shares simultaneously on November 6 is released on the news, which greatly restricts the fund in the near future. The listing of national unicorn is bound to cause disk vibration, and the bloodletting effect cannot be ignored. As the central bank further increases leverage, the NDRC firmly implements the policy of expanding domestic demand, which shows that the counter cyclical investment strategy has more advantages.

Northeast Securities pointed out that along with the hesitation of the peripheral stock market before the high point of the year, many uncertainties before the US election and the characteristics of the policy favorable to the relevant hot spots, the short-term market lost the logic of rapid rise, lack of endogenous kinetic energy, short-term index shocks, pay attention to the rhythm; generally speaking, the upper 3350-3450 point line is the early intensive trading area, with relatively high composition Under great pressure, it is difficult to achieve short-term results in one move. The lower 3230 point is an important lower support. In the shock market, it is a high probability event to step back on the 20 day moving average. Therefore, we should control the position, avoid rash advance and stand by defense. If we need to increase the position, we can consider intervention after the index steps back on the 20 day moving average. In response to the market shock and structural opportunities before the Fifth Plenary Session of the Central Committee of the Communist Party of China, we should focus on the main line of economic recovery, the theme of the 14th five year plan and the third quarter report. We should continue to focus on non bank finance, resource cycle products, new energy, medicine, military industry and related topics in the 14th five year plan. We should balance the short-term style, and do something about the financial cycle stocks from the perspective of economic recovery and spring market We should properly arrange ahead of time to cope with the possibility of significant growth in economic data next year and the possibility of abnormal changes in monetary policy and global inflation. Extended reading: Goldman Sachs again! Will pay more than $2 billion to the U.S. Department of justice to absolve Zhao Benshan, who once spoke for Huoxiang Zhengqi Kingdom king with a loss of 2 billion in 10 years or will change ownership_ NF4425

Northeast Securities pointed out that along with the hesitation of the peripheral stock market before the high point of the year, many uncertainties before the US election and the characteristics of the policy favorable to the relevant hot spots, the short-term market lost the logic of rapid rise, lack of endogenous kinetic energy, short-term index shocks, pay attention to the rhythm; generally speaking, the upper 3350-3450 point line is the early intensive trading area, with relatively high composition Under great pressure, it is difficult to achieve short-term results in one move. The lower 3230 point is an important lower support. In the shock market, it is a high probability event to step back on the 20 day moving average. Therefore, we should control the position, avoid rash advance and stand by defense. If we need to increase the position, we can consider intervention after the index steps back on the 20 day moving average. In response to the market shock and structural opportunities before the Fifth Plenary Session of the Central Committee of the Communist Party of China, we should focus on the main line of economic recovery, the theme of the 14th five year plan and the third quarter report. We should continue to focus on non bank finance, resource cycle products, new energy, medicine, military industry and related topics in the 14th five year plan. We should balance the short-term style, and do something about the financial cycle stocks from the perspective of economic recovery and spring market We should properly arrange ahead of time to cope with the possibility of significant growth in economic data next year and the possibility of abnormal changes in monetary policy and global inflation.