A shares are soaring! Buying 16 billion yuan from the north, Shanghai Stock Index won 3500?

category:Finance
 A shares are soaring! Buying 16 billion yuan from the north, Shanghai Stock Index won 3500?


Leading banks

On December 1, the Shanghai composite index again approached 3500 points. It is understood that after 2018, the Shanghai composite index was so close to 3500 points on July 13, 2020, when it was 3458.79 points. This time, the Shanghai composite index is above 3450 again.

In todays rise, banks and other financial sectors contributed a lot. The banking sector also became the sector with the highest increase today, reaching 4.03%. Other sectors such as securities companies and insurance also performed well.

Specifically, in the banking sector, there are Bank of Xiamen, Bank of Xian, Bank of Qingdao and Zijin bank 4 stocks trading limit.

Among the four major banks, ICBC, CCB and ABC all increased by more than 2%. China Merchants Bank, the third largest bank in the stock market, also rose 4.52% today, setting a record closing price.

In addition, there are signs of demon stocks in Zhengzhou coal power is also trading today, continue 8 days 7 trading carnival.

On the whole, in the pro cyclical plate, such as banking stocks, machinery manufacturing stocks, etc., have become the standard bearer of this round of promotion. Meanwhile, the heavy warehouse plate of household appliances, food and beverage and other institutions also performed well.

Wind data shows that the net inflow of northward funds was 16.294 billion yuan, including 10.50 billion yuan from Shanghai Stock connect and 6.244 billion yuan from Shenzhen Stock connect.

Can a share market reach 3500 points?

In this sudden carnival, will a share go to a higher point?

In this regard, Yang Delong, chief economist of Qianhai open source fund, said that A-share market may achieve an upward breakthrough in December.

Yang Delong believes that one of the main reasons is that some funds issued in the early stage began to build positions, and the opportunities for 2021. The consumption of white horse stocks has been adjusted for a long time, and there are certain bottom conditions. On the other hand, good enterprises have regained their allocation value. Due to the low valuation of banking, insurance and some cyclical sectors, as well as the profit recovery brought about by economic recovery, they have performed well in the near future. In December, the cycle plate and consumer plate are expected to rise together, leading the market to a new high in the year, forming a relatively strong profit-making effect. For the future market trend, Guotai Junan Securities pointed out that in the next quarter, the Shanghai Composite Index will remain volatile, with a range of 3100-3500 points. The core source is the saw saw of liquidity and profit recovery. RMB appreciation + external risk landing + recovery trading is conducive to overseas investors to continue to allocate more Chinese assets, and it is also conducive to improving the stock elasticity of stock categories benefiting from economic recovery, especially undervalued blue chips. The recovery of trade is the core driving force of the current market. In the post epidemic era, there are two main lines: optional consumption and made in China. Source: China Securities Journal Author: Wu Jin, editor in charge: Zhong Qiming_ NF5619

Yang Delong believes that one of the main reasons is that some funds issued in the early stage began to build positions, and the opportunities for 2021. The consumption of white horse stocks has been adjusted for a long time, and there are certain bottom conditions. On the other hand, good enterprises have regained their allocation value. Due to the low valuation of banking, insurance and some cyclical sectors, as well as the profit recovery brought about by economic recovery, they have performed well in the near future. In December, the cycle plate and consumer plate are expected to rise together, leading the market to a new high in the year, forming a relatively strong profit-making effect.

For the future market trend, Guotai Junan Securities pointed out that in the next quarter, the Shanghai Composite Index will remain volatile, with a range of 3100-3500 points. The core source is the saw saw of liquidity and profit recovery. RMB appreciation + external risk landing + recovery trading is conducive to overseas investors to continue to allocate more Chinese assets, and it is also conducive to improving the stock elasticity of stock categories benefiting from economic recovery, especially undervalued blue chips. The recovery of trade is the core driving force of the current market. In the post epidemic era, there are two main lines: optional consumption and made in China.