The per capita loss of A-share investors is nearly 10000 yuan
On October 23, a shares continued the trend of continuous correction since this week, and the decline continued to expand. By the end of the day, the Shanghai Composite Index fell 1.04% to 3278 points, missing the 3300 point mark; the Shenzhen composite index fell 2% to 13128.46 points; the gem index fell 2.72% to 2600.84 points, close to 2600 points.
Image source: wind
Today, there are a number of high-level white horse stocks suffered heavy losses. Shortly after the opening, Fuling mustard, a 35 billion yuan white horse stock, fell to the limit. In the markets view, the growth rate of the third quarter results disclosed last night was lower than expected or the main reason.
The so-called game Maotai gibbet reappeared the limit of decline today. By the end of the day, the companys total market value shrank to less than 33 billion yuan. Wind data shows that this is already the second limit for gibbet in the last three trading days.
Image source: wind
Image source: wind
In terms of northward funds, the net outflow of northward funds continued this week, with a cumulative net outflow of 14.026 billion yuan. Since October, the scale of net inflow of northward funds has shrunk to less than 8.4 billion yuan.
Banks cars rose against the trend
A new hot spot for convertible bonds
From the plate point of view, this week 28 Shenyi class industry, only the bank and automobile two major plates closed up.
The auto sector closed up 1.25% this week. Among the constituent stocks, Shuanglin shares rose more than 46% against the trend, while individual stocks such as kabiyi, WanLiYang, GAC group, Songyuan and Guanghui Motor Co., Ltd. closed up more than 10% for the whole week.
Image source: wind
For the banking sector, there have been a number of institutions said firmly optimistic. Northeast Securities believes that the bank shares will usher in the biggest market this year, with three core logic: first, the economy continues to stabilize and recover; second, positive changes in the factors that suppress valuation will lead to the banks valuation repair and improvement; third, the banks market price in the past ten years will be resumed. In the fourth quarter of each year, banks often switch prices for valuation. In the fourth quarter of this year, from the perspective of plate rotation, banks have a high margin of safety, with room for improvement and valuation switching opportunities.
As for the auto sector, BOC Securities pointed out that the sales volume of passenger cars achieved a positive growth for the fifth month since May, mainly driven by favorable factors such as domestic economic recovery and boosting consumer confidence. The main market segments of commercial vehicles have achieved rapid growth. With the arrival of the peak season of passenger cars, favorable policies have continued in various regions. It is expected that the car sales in October will continue to be good, and it is expected to usher in an upward cycle lasting for 2-3 years. It is suggested to actively allocate.
Recently, the convertible bond market has been heated up again. On October 22, the turnover in the convertible bond market exceeded 100 billion yuan, and more than 20 convertible bonds, including Kaizhong convertible bonds, Wanli convertible bonds and Blue Shield convertible bonds, were temporarily suspended due to the limit of increase. On the 23rd, the market price of convertible bonds dropped slightly, but the market turnover was still close to 190 billion yuan.
Focus on consumption and procyclicality
For the recent continuous adjustment of the index market, Huaxin Securities pointed out that the GEM market was adjusted before the main board, which is a signal that the short-term sentiment is about to repair. On the whole, it continues the previous analysis and judgment, that is, it is still firmly waiting for the rebound. At present, the short-term rebound signal has not disappeared, and many moving average still maintain the upward trend, the rebound market is still worth looking forward to.
Shanxi Securities believes that the recent market volume is small, but the market volatility is large, mainly due to the inflow and outflow of northward funds, investors should not panic. At present, the incremental capital is in a wait-and-see manner, and the short-term lack of clear direction in the market may lead to the continuation of the contraction shock. In terms of configuration, the main line of optional consumption market may continue, and appropriate attention can be paid to the listed companies with strong performance growth certainty; due to the influence of policy guidance and strong certainty of future sales growth and other factors, it is recommended to pay attention to the concept plate of new energy vehicles in the medium term; the recent adjustment range of photovoltaic concept is relatively large, but in the medium term, the photovoltaic industry has huge development space and the overall valuation is reasonable Investors can look for short-term lows to intervene. YueKai securities suggests that in the short and medium term, it can focus on two main lines: one is the undervalued Pro cyclical plate, such as insurance and banking; the other is the hot topic of double 11, when the consumption peak season is coming, we can pay attention to the e-commerce, online celebrity economy, logistics, consumer goods and other sectors. Source: China Securities Journal Author: Hu Yu, editor in charge: Zhong Qiming_ NF5619
Shanxi Securities believes that the recent market volume is small, but the market volatility is large, mainly due to the inflow and outflow of northward funds, investors should not panic. At present, the incremental capital is in a wait-and-see manner, and the short-term lack of clear direction in the market may lead to the continuation of the contraction shock.
YueKai securities suggests that in the short and medium term, it can focus on two main lines: one is the undervalued Pro cyclical plate, such as insurance and banking; the other is the hot topic of double 11, when the consumption peak season is coming, we can pay attention to the e-commerce, online celebrity economy, logistics, consumer goods and other sectors.