2023-11-16 10:27:56
The market fluctuated and adjusted throughout the day today, with the three major stock indexes collectively closing down, and individual stocks overall rising less and falling more. How are your stocks doing?come togetherReviewToday’s stock market.
Three major indexes fell collectively
Over 4,100 stocks are in the green
Today (November 16), the three major A-share indexes collectively fell, with the Shenzhen Component Index falling below the 10,000-point mark and the ChiNext Index falling below the 2,000-point mark. As of the close, the Shanghai Stock Exchange Index fell 0.71%, the Shenzhen Component Index fell 1.23%, and the ChiNext Index fell 1.85%. The transaction volume of the two cities shrank significantly.
Wind data shows that overall stocks rose less and fell more, with more than 4,100 stocks falling in the two cities.
Wind data shows that northbound funds sold a net 2.190 billion yuan throughout the day, of which 1.605 billion yuan was sold on the Shanghai Stock Connect and 586 million yuan was sold on the Shenzhen Stock Connect.
The main funds continued in late tradingnet inflowSectors such as media, computers, and social services saw net outflows from sectors such as power equipment, nonferrous metals, and pharmaceuticals and biology.
Looking specifically at individual stocks, Chuanzhi Education, Hengwei Technology, and Runhe Software received net inflows of 937 million yuan, 637 million yuan, and 609 million yuan.
In terms of net outflows, Royal Court International, Longi Green Energy, and CATL were sold for 502 million yuan, 454 million yuan, and 411 million yuan respectively.
Media sector bucks trend and rises
Huawei’s Shengteng segment is active
On the market, Kuaishou Concept, short drama games, media, Douyin Concept, Huawei Shengteng, attractions and tourism sectors rose; BC Battery, Silicon Energy, medical services, power equipment, automobiles and other sectors fell.
Specifically, the media sector became the only major industry that rose during the day. Chinese corpus and data element concepts were intertwined and strengthened. In the afternoon, Douyin concept stocks strengthened unilaterally under the catalysis of the news. Kuaishou concept stocks rose. As of the close, Guangbo shares and provincial Guangzhou Group, Yuanwang Technology and other stocks hit their daily limit.
According to news, on November 16, Douyin recently launched a test video content payment service. People familiar with the matter told reporters that video content payment is just a normal functional test and does not need to be over-interpreted. Earlier media reports stated that Douyin’s customer service responded: “When you encounter a paid video, it may be that the author has turned on the payment function. If you don’t want to watch it, you can delete it. Of course, whether the video content is paid depends on whether the author turns on this function, and Douyin cannot Intervention. The specific fees charged are determined by the author in accordance with the corresponding rules.”
From the perspective of industry fundamentals, with the improvement of the external economic environment, stabilization of industry regulatory policies, and abundant content supply, the media sector continued the trend of performance recovery in the third quarter of this year. From the perspective of sub-sectors, Centaline Securities said that film and television and continued to maintain good performance growth, the game sector experienced a good performance rebound in the third quarter after experiencing a decline in performance in the first half of the year, and book publishing continued to have solid performance. Performance.
Looking forward to 2024, Centaline Securities said that the sector is expected to continue to pick up with the rebound in demand from advertisers. The film and television sector will benefit from the recovery of the movie market and the catalysis of innovation in the short drama business model. The game sector will experience an intensive new product launch in 2023. Going online, although short-term profits are under pressure, it will gradually enter the profit recovery cycle, and it is expected to resume a good performance growth rate in 2024.
Huawei’s Shengteng sector was active, Hengwei Technology and Duolun Technology rose by the limit, and Cape Cloud rose by more than 15%.
The concept of computing power leasing fell after rising high, and high-priced stocks gradually ran out of money. Zhenshitong closed the market, Zhonghe Technology exploded in late trading, and Zhongbei Communications reached a new high and then turned down.
NVIDIA has launched the H200, the “most powerful” computing power chip on earth, and advanced packaging, computing power and storage concept stocks in the A-share market have continued to rebound. So, can the strength of A-share chips catalyzed by NVIDIA continue? CITIC Construction Investment Lv Jia believes that the computing power leasing industry continues to perform, but the competitive landscape still differs from expectations. Liu Gang of Pacific Securities believes that memory chips are repeatedly active and rotate internally. Galaxy Securities Gao Le believes that the gap between supply and demand for packaging and testing has increased profit expectations, and independent controllability is an important direction.
The BC battery sector made a correction, with Tongxiang Technology, Dier Laser, and Junda shares falling by more than 5%.
A-share gains are weak
Can the rebound continue?
Dengtian, an investment consultant at Zhongtai Securities, believes that since November, the A-share market has entered a stage of event-driven formation of a long synergy. Yesterday’s short jump is essentially a re-pricing of the improvement of the “globalized” business environment. The current rebound is not over yet. If this wave of rebound is not strong and ends early, the market will not have the conditions to break the shock and move downward sharply. Therefore, if the correction is sufficient, short-term investors can appropriately participate in the game. In addition, in the past two months, the CSI 500 Index showed a right-side signal for the first time yesterday, and investors are advised to pay active attention.
Lv Jia, investment consultant of CITIC Construction Investment, believes that the three major indexes have recently encountered resistance after rebounding to the daily 60-day moving average, but market trading volume is gradually increasing, and sector activity is also gradually increasing, indicating that the room for decline is limited. Some industries with certain performance, such as: computing power leasing that benefits from strong demand but insufficient supply, photovoltaics that have technological breakthroughs and the overall industry is at a low level, and semiconductors that have strong expectations for industry recovery, all have staged performances. There are various signs that the subsequent market rebound is still relatively sufficient.
Hualong Securities said that the frequency of interactions between China and the United States has increased recently, and the positive development of relations between the two countries will help increase market risk appetite. Domestic policy measures are also being continuously introduced, the level of opening up to the outside world will be further improved, and real estate policies will be further optimized. The capital market has also conveyed positive factors, including the introduction of long-term funds, the cultivation of domestic “smart funds”, and the improvement of regulatory measures. Foreign trade growth turned positive in October, and factors supporting economic growth further increased. The IMF recently raised China’s economic growth forecast for 2023. Overall, the positive news is expected to support the market.
Guosheng Securities pointed out that in the short term, we can continue to pay attention to the lower-level Huawei Ascend and Hongmeng Concept and other hot topics in the Huawei industry chain. The rotation characteristics are obvious, and we should pay attention to the differentiation signals of high-level bids. In the mid-term, we are optimistic about two directions: first, photovoltaic equipment, household appliances and other sectors that have greater recovery flexibility due to the easing of Sino-US trade friction; second, pig prices are “not booming in the peak season”, and the breeding industry’s production capacity reduction is accelerating, low-level layout opportunities.
CICC believes that the current market valuation and trading sentiment are close to historical extreme levels, and the downside space is limited. In the next 3-6 months, we will focus on three main lines: 1) Growth sectors that are supported by policies during the transition period and conform to the trend of innovative industries, such as semiconductors, communication equipment, etc.; the pharmaceutical and new energy fields still need to pay attention to the margins of industrial policies and fundamentals changes, but valuation risks have been released more. 2) Look for opportunities from the bottom up to take the lead in improving demand or clearing supply, which may have greater flexibility for performance improvement, such as automobiles and parts, oil and gas services, precious metals and marine equipment. 3) High-dividend assets with sufficient cash flow and sustained high dividends, such as telecommunications services, upstream resource products, and public utilities.
(Source of article: China Business News)
Article source: China Business News
Original title: The three major stock indexes fell collectively, the media sector bucked the trend and rose, and the rise of A-shares was weak. Can the rebound continue?
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