A shares break 3000 points: funding activity rises, technology stocks become “accelerators”
Deal breaks trillion trillion technology stocks and starred in structural cattle!
Come to Sina University of Finance and listen to the opening column of the Trading Day Financial Morning Post.
Original title: A shares broke 3,000 points!
Fund activity has increased, and technology stocks have become “accelerators”. After midday, A shares finally stood at 3000 points again.
On February 20, the A-shares stood at 3000 points again.
The brokerage sector led the gains strongly, and continued to cut papers. The growth rate of the brokerage firms at the end was driven by the sector.
In addition, electronic components, catering and tourism related stocks also performed well.
Among the 223 stocks in the electronic component sector, 185 stocks increased, including the daily limit of more than ten stocks including Jinlong Mechanical and Electrical, Runxin Technology, TCL Technology.
In the catering and entertainment sector, only one individual stock fell, and the decline was less than 1%.
After the Spring Festival, incremental funds entered the market. Yesterday, the transaction volume of the two cities exceeded the 1 trillion mark for the first time. The over-raising of public fund products on the first day abound.
In this round of rising prices, technology stocks have become one of the main driving forces of growth and it has become a fact that cannot be ignored.
After 3000 points, whether it is reasonable or whether to continue to oscillate upwards has triggered discussions.
Whether it is greed or fear, investors are again asked to judge.
Fund activity continued to rise The Shanghai Index hit 3,000 points for three consecutive days without success. Yesterday, the Shanghai Index broke through 2990 points several times during the session. In late trading, the electronic technology, pharmaceutical manufacturing, and aerospace and military sectors fell down.Days continued to sort out slightly below 3000 points.
The index that has been under pressure for more than 3,000 points today has finally broken through today, which has nothing to do with the market activity brought by the incremental funds running into the market after the Spring Festival.
On February 17, according to data released by China Clearing, the A-share market added 80 new investors in January.
07 million people, the number of investors at the end of the period is 1.
6.1 billion people, an increase of 8 over the same period last year.
8% is the first time that the number of A-share investors has exceeded 1.
On February 19, 2020, the transaction value of the A-share market exceeded 1 trillion, reaching 1.
03 trillion yuan, after April 8, 2019, exceeded 1 trillion yuan for the first time.
The total turnover of all A shares in 2018 was 89.
6 trillion, reaching 126 in 2019.
9 trillion, an increase of 41 in ten years.
From the data point of view, the number of long-term A-share investors is growing.
It was 1 in January 2018.
1.9 billion people, compared with 1 in January 2019.
48 billion people, with a CAGR of 11% from 2018 to 2020.
The continuous increase in the number of A-share investors has provided a basis for participants in the market and a good market basis for the development of financial IT.
Since 2020, the trading volume of A shares has continued to increase. In January 2020, the total A conversion turnover reached 11.
19 trillion, an increase of 71 in ten years.
5%, compared with the average monthly transaction volume in the fourth quarter of 20199.
1 trillion increased by 23%.
As of February 19, the average daily volume in February was 0.
87 trillion, which is 0 compared with the average daily turnover in January 2020.70 trillion increased by 24%.
The increasing trend of A-share transaction value has gradually formed.
Since the beginning of the year, foreign countries have continued to flow into the A-share market.
As of February 19, as the main channel for foreign purchases of A shares-northbound funds, this year’s gradual net inflow has reached 775.
3.7 billion, net purchases of 37 in a single day.
Yang Delong, chief economist of Qianhai Open Source Fund, expressed confidence in the market to the First Financial Reporter. He believes that after the epidemic is over, it will not be too deep. Instead, the market will gradually stabilize and continue to rise, especially the suppressed consumer demand willIt will usher in a retaliatory rebound, which will lead to a significant improvement in the profit and cash flow of consumer companies.
Guosheng Securities stated in the research report that the implementation of the new rules for refinancing will bring high-quality small and medium-sized growth stocks an opportunity to grow bigger and stronger, and will also increase investors’ risk appetite and increase the valuation premium.
The policy may continue to exert strength in the near future. The policy factors will continue to promote the market trend. The liquidity environment will maintain a reasonable level of internal sufficiency. The market is expected to enter a period of shock and consolidation. The short-term increase is large and there is some pressure.The upward trend will not change.
Guosen Securities believes that overcoming the epidemic situation is developing in a better direction, as well as certain stable growth policies, support for resumption of labor and other measures have been implemented, and market sentiment has been repaired.
After continuous pick-up, the short-term market may have shocked and digested demand, but the focus of the trend will continue to be strong, and the characteristics of active structure are expected to continue, and it should be held mainly.
Technology stocks become A-share “accelerators” The recent A-share market, especially the technology sector, has been caused by the excess liquidity environment.
The market view believes that after the resumption of work and the counter-cyclical adjustment policies have not yet been implemented, the ultra-macro liquidity cannot enter the real economy for a short time, so excess micro-liquidity is formed, and explosive funds are everywhere.
Since 2020, technology-based ETFs have also demonstrated their ability to absorb funds.
Taking Baohua CSI TapETF as an example, as of February 17, a total of 82 have been reached.
6.9 billion copies, eight times the number in August 2019.
In terms of fund declarations in the last three months, there are 14 technology ETF funds from 8 publicly-funded funds under review. The goods have been approved for release, involving semiconductor chips, artificial intelligence, cloud computing and big data.Technology topics such as blockchain.
As long-term funds continue to enter the technology ETF, the issuance of a large number of technology ETFs will attract more incremental funds to the technology sector, thereby further pushing the technology sector upward.
(The picture shows the technology ETF to be approved or approved for issuance in the last three months) Tianfeng Securities believes that the global 5G industry cycle, global cloud service cycle, global new energy vehicle cycle, and global semiconductor cycle are unfolding, with medium and long-term performance.Technology ETFs supported by the market and market popularity will be replaced by long-term funds, which can avoid individual stocks stepping on the thunder, reduce changes, and enjoy the dividends of the technology industry cycle.
In the process of these medium and long-term funds entering the technology ETF fund, it will in turn further promote the upward movement of the technology sector and the issuance of more technology ETF funds.
The research results of UBS’s quantitative research team show that international and domestic investors are now moderately overweighting consumer staples, and the scale of overweighting by international investors is larger than domestic investors.
International investors also distinguish themselves with super-optional consumer goods.
Instead, domestic investors are overweighting China’s technology sector.
Domestic investors appear to be more sensitive to the long-term growth triggered by the new crown pneumonia epidemic: the increasing digitalization of households, businesses and 无锡桑拿网 governments.
If SARS has taught Chinese people how to buy and sell goods online, then the new crown pneumonia epidemic is teaching more people to buy and sell services online and work remotely.
Given the scarcity of growth, UBS is bullish on the post-epidemic structural converter, the digital ecosystem.
Huatai Securities said that financial IT leaders will benefit from the continuous increase in the number of A-share investors, the increase in turnover, the formation of policies, multiple factors into the loose cycle and the development of downstream financial markets.
With the continuous advancement of financial innovation, financial IT leaders may enjoy the double dividend of increasing demand and increasing value in the development of downstream markets.