It's noon, and it's time for everyone to take a break. let's take a look at the situation of A shares and Hong Kong stocks in early trading today.
In early trading today, A shares continued to rise, the Shanghai Composite Index suffered a pullback in the financial sector, and a sharp intraday shock turned green; the Shenzhen stock market continued to rise strongly, with the Shenzhen Composite Index and the small and medium-sized Board Index rising 8 days in a row, with another five-year high; after breaking through 2600 points yesterday, the gem index broke through the 2700-point round mark again today, up more than 51 per cent so far this year. This morning, the transaction between the two cities broke another trillion yuan.
Yesterday's surge in US-listed Chinese stocks really led to the continued rise of related companies in Hong Kong stocks, especially Alibaba and NetEase. Today, Alibaba's total market capitalization approaches 5.5 trillion Hong Kong dollars, surpassing Tencent, and NetEase Hong Kong stocks also soared nearly 10%, with a market capitalization exceeding 500 billion Hong Kong dollars. In addition to the above-mentioned stocks, Meituan, Xiaomi and other new economy and technology companies also rose a lot.
On the A-share market, ships, new retail, medicine, gold and other sectors led the rise, while banks, steel, coal and other sectors led the decline. The net inflow of northward capital is nearly 8.4 billion yuan, of which Shanghai stocks have a net inflow of 3.181 billion yuan and Shenzhen stocks have a net inflow of 5.204 billion yuan.
Full bloom! These plates are soaring today.
Let's first take a look at which sectors of A-shares rose best this morning.
Overnight, Alibaba's stock volume soared 8.95%, and its share price reached a record high of US $257.68, with its market value soaring by nearly US $60 billion, or about 400 billion yuan, overnight. The share price of JD.com, another head e-commerce company, also continues to hit an all-time high. Last night, JD.com surged 6%, with a market capitalization of more than $100 billion.
Alibaba, a Hong Kong stock, jumped 7.15% to HK $257 at one point, setting a new high since listing, with a total market capitalization of HK $5.46 trillion, surpassing Tencent to return to China's largest company by market capitalization. Alibaba, the US stock and Hong Kong stock, have both risen more than 52 per cent since their March lows. In addition, NetEase Hong Kong shares rose to 10%, and the intraday share price continued to hit an all-time high.
Driven by Alibaba and JD.com, the new A-share retail sector jumped short and opened high today. By midday's close, the sector index was up 4.35%, a two-year high, and half-day turnover was close to yesterday's all-day transaction. Hangzhou Xiebai, small Commodity City, Dingjie Software, SUNING and other 9 shares rose by the daily limit, while Nanning Department Store, Biyin Lefen and Laiyi were among the top gainers.
The price of gold in New York broke through the 1800 mark, reaching a peak of $1857, a nine-year high and only one step away from an all-time high of 1925.1. Today, the main gold futures contract on the Shanghai Stock Exchange opened high, reaching 406.26 yuan at one time, taking the lead in setting an all-time high.
According to the latest data released by the World Gold Council a few days ago, due to market concerns about a new round of risks and uncertainties caused by the second outbreak of COVID-19, investment demand for gold continues to rise. Global gold ETF (exchange-traded funds) rose by 104 tons in June, with net inflows for seven consecutive months, with total positions reaching a record high of 3621 tons, an increase of 655.6 tons so far this year, surpassing the growth for the whole of 2009.
Boosted by the sharp rise in gold prices, the A-share gold sector also opened higher and rose 3.85% today, hitting a new high in more than two years. Zhongrun Resources, Yuyuan, Huayu Mining, Yuancheng Gold, Yimin Group, Shengda Resources, Chifeng Gold, Zijin MiningWait for the growth rate to be at the top of the list.
Organization: the peak of Science and Technology Innovation Board's lifting of the ban is coming.
Zhongtai Securities recommends that investors be rational when the market is overheated, pay particular attention to the financing balance, and try not to add leverage and not to participate in over-the-counter capital allocation when the market financing balance rises too much. From the perspective of fundamentals, the recent improvement in the market is matched by certain fundamentals. Macro data in June show that the signs of economic recovery are relatively obvious, the control of the epidemic is relatively good, and the fundamentals have indeed given the market a certain degree of confidence. Since the outbreak of the epidemic at the beginning of the year, the number of A-share accounts has increased significantly, and the purchase volume of public funds has also continued to increase. Capital is profit-seeking. When there are few opportunities or high risks in the real economy, a lot of money will flow into the stock market.
Huatai Securities said that July 22 was the peak of the lifting of the ban on the internal medicine board, with venture capital firms accounting for 79 per cent of the market capitalization. The scale of the lifting of some individual stocks accounts for a large proportion of their current market value, and they may face greater liquidity pressure in the short term. Compared with the first batch of gem, the first batch of Science and Technology Innovation Board has a higher rate of return and a higher proportion of market capitalization. Science and Technology Innovation Board's lifting summit has a supply pressure impact, which may disturb technology stocks to a certain extent. However, from the six dimensions of lifting effect (greater impact of risk preference), historical experience (lifting peak does not necessarily cause market collapse), reduction behavior (lifting does not necessarily reduce holdings in the same month), gem reference (the first batch of lifting did not have a significant impact on the market), reduction arrangements (diversified reduction), capital supply (incremental science and technology theme fund), the probability of large impact is small.
Zhongyuan Securities pointed out that the latest regulatory statement has further boosted investors' confidence in being long-term in the medium to long term. While some leading plates have strengthened in turn, many early long-term declining plates and individual stocks have begun to make up the upward trend one after another, and the situation of people wanting to rise has reappeared. It is expected that the Prev is more likely to rise in the short term, and it is more likely that the gem will continue to challenge new highs. Investors are advised to pay close attention to the investment opportunities of securities trust, software services, non-ferrous metals, aerospace military industry and domestic chips in the short term, and continue to pay attention to the investment opportunities of some undervalued blue chip stocks in the middle line.
Societe Generale Securities said that the current situation in the gold market is very similar to that in February-August 2009. Gold is brewing an upward breakthrough and prices are expected to hit pre-2011 highs. At present, it seems that gold has regained its upward trend after ending the shock trend since February, in which the bottoming out of US CPI in the third quarter is an important driving factor. In the short term, we will pay attention to whether there are signs of bottoming out in US CPI in June. The two main factors dragging down gold in the second quarter of 2020-weak demand in emerging markets and a lack of willingness of hedge funds to be long on gold-are now changing positively. In the next 3-6 months, gold prices are expected to hit a 2011 high of $1921 / oz, or even challenge an all-time high of $2000 / oz.