A-share market closing review | Shanghai Composite Index unchanged, Siasun Robot & Automation rises in the race track! Multiple leading stocks hit the limit up.
Today the market opened low and went high, with the Shanghai Composite Index closing flat and the daily K-line chart showing ten consecutive positive days.
Today, the market opened low and closed high, with the Shanghai Composite Index closing flat and the daily K-line forming ten consecutive green candles. The market saw a total turnover of 2.1 trillion RMB throughout the day, which was basically flat compared to the previous trading day, with over 3400 stocks in both markets falling.
In terms of the market, stocks related to Siasun Robot & Automation surged, with nearly 20 stocks including Kinco Automation (Shanghai) Co., Ltd and Zhejiang Sanhua Intelligent Controls hitting the daily limit up. Stocks related to liquid-cooled servers rose, with Tongyi Carbon Neutral Technology hitting the daily limit up and Dongguan Dingtong Precision Metal Co., Ltd rising over 10%. Stocks related to AI intelligent bodies were active, with Qingdao Kutesmart Co., Ltd and Nanxing Machinery hitting the daily limit up. On the downside, stocks related to the Hainan Free Trade Zone fell, with Hainan Drinda New Energy Technology dropping over 7%; and stocks related to commercial aerospace adjusted, with the leading stock Anhui Shenjian New Materials hitting the daily limit down after eight consecutive days of gains.
EB Securities pointed out that there is a clear divergence in funds on the market, but considering that the 4000 point mark is within reach, the bulls may push the Shanghai Composite Index to continue fluctuating upwards towards 4000 points. In addition, the style of hot spot rotation is likely to continue.
Looking at individual stocks, there were 1840 gainers and 3481 losers in both markets, with 148 stocks closing flat. There were a total of 64 stocks hitting the daily limit up and 20 stocks hitting the daily limit down.
By the close, the Shanghai Composite Index closed flat at 3965.12 points, with a turnover of 887.5 billion RMB; the Shenzhen Component Index rose by 0.49% to 13604.07 points, with a turnover of 1254.8 billion RMB. The ChiNext Index rose by 0.63% to 3242.90 points.
Funds Flow:
Today, major funds focused on acquiring stocks in the automotive parts, advertising marketing, and general equipment sectors, with the stocks of Sensteed Hi-tech Group, China Satellite Communications, and Huizhou Speed Wireless Technology among the top net inflows.
Highlights:
1. Central Rural Work Meeting: Strengthen the implementation of the new round of 100 billion kilogram grain production capacity improvement action.
The meeting proposed to stabilize the production of grains and oils, strengthen the implementation of the new round of 100 billion kilogram grain production capacity improvement action, promote the optimization of grain varieties and quality improvement. Strengthen water conservancy infrastructure construction, enhance meteorological monitoring, forecasting, and early warning, and improve the disaster prevention and reduction capacity of agriculture. Promote the quality and efficiency improvement of the "basket" industry and enhance the diversified food supply capability.
2. Ministry of Industry and Information Technology: Accelerate the innovative development of the National New Internet Exchange Center.
The Ministry of Industry and Information Technology issued a document proposing to implement the regional coordinated development strategy and major regional strategies, support the establishment of exchange centers in regions with strong demand, concentrated business, good infrastructure, and obvious regional advantages, and achieve highlighted regional layout and overall balance. Facing the high-quality requirements of computing infrastructure, strengthen the collaborative construction of exchange centers with the national integrated computing power network national hub nodes, and promote efficient circulation of computing power across regions, networks, and industries.
3. Several currency ETFs experienced abnormalities on the market, and fund companies promptly issued premium risk warnings.
As the end of the year approaches, the demand for fund subscriptions on the market has increased, and today, currency ETFs experienced collective abnormalities. Gold Eagle Incremental Income Currency ETF urgently issued a notice warning of premium risk. As cash management tools on the market, currency ETFs have often experienced abnormalities before New Year's Day and the Spring Festival, with some products experiencing concentrated subscriptions and small scale abnormalities, while others may involve speculative activities. For investors, the premium in the secondary market is not necessarily an arbitrage opportunity, and risks should be carefully considered.
Future Outlook:
1. Orient: The current market is gradually accumulating upward momentum, and the "year-end" market rally is expected to continue.
Recently, the rebound in the stock market has been evident, with the Shanghai Composite Index receiving significant attention from mainstream funds. On the 29th, the Shanghai Composite Index closed with its ninth consecutive green candle, indicating a high probability of strong performance in the stock market before New Year's Day. Looking at sector performance, after months of continuous adjustments, some leading stocks have rebounded first, showing clear signs of fund buying. Considering their development closely tied to national core interests, it is worth considering continued strategic bullishness for investors. Overall, the current market is gradually accumulating upward momentum, with hotspots continuing to emerge, and the "year-end" market rally is likely to continue.
2. Guotou Securities: The probability of oscillation in the market is higher than acceleration in the upward trend.
Lin Rongxiong, chief strategy analyst at Guotou Securities, pointed out that during the consecutive green candle period, the market had a relatively small increase (the median increase in the Shanghai Composite Index during the previous 16 "eight consecutive green candles" periods was 6.3%, while this time the increase was only 2.8%), and considering that trading volume did not significantly increase, the probability of the market entering a period of oscillation is higher than accelerating the upward trend.
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