A-share turnover for the 6th consecutive day breaks one trillion yuan to support investors’ purchasing power
For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!
Original title: Today’s perspective: A-share turnover for six consecutive days broke one trillion three factors to support investors’深圳桑拿网 “purchasing power” Source: Securities Daily Zhangye A-share market orderly “resumption”, investors “purchasing power” broke out!
First, on February 19, the total turnover of Shanghai and Shenzhen reached 1.
This is the first time since April 8, 2019 that the Shanghai and Shenzhen stock exchanges broke through one trillion yuan.
Since then, the trillion trillion level seems to have become the “standard” for the total turnover of A shares. From February 19 to February 26, the turnover of the A share market exceeded RMB 1 trillion for 6 consecutive trading days.
Among them, on February 25, the turnover of the Shanghai and Shenzhen markets reached 1.
42 trillion, which is a new high since November 2015. On that day, Shenzhen City contributed a lot to the new high in turnover-both the number of transactions and the number of commissioned transactions set a new record.
The author believes that the “purchasing power” of investors in the A-share market is actually the result of the combination of multiple positive factors in terms of policy, capital and confidence.
First, the “epidemic” of the financial war and the resumption of work and production have been in a long-term order. The policy has exceeded expectations and the effects have begun to appear.
Although affected by the epidemic situation, whether it is the financial epidemic or the orderly resumption of work, the “China Plan” has won the most widespread belief and respect.
After the outbreak of the new crown pneumonia epidemic, the central government ‘s research and deployment response to the epidemic can be described as “high-spec, vigorous”, including the implementation of active fiscal policies, targeted tax and fee reduction measures, and sound and flexible monetary policy; promotion of employmentPrioritize policies to promote the resumption of production and production of various enterprises in an orderly manner; actively expand domestic demand, stabilize external demand, accelerate the construction of major projects, accelerate the release of emerging consumer potential, and increase trade financing support.
With the support of stronger-than-expected policies, the Chinese economy’s ability to resist invasion has been significantly enhanced, and its vitality has been restored quickly. The “China’s production capacity” has responded to the demands of the world economy in a timely manner.
Even after this “epidemic”, the optimization of the industrial structure accelerated, and adjustments did not only occur in the field of epidemic prevention materials.
From the response of the most sensitive capital market of “Fengkou”, the transformation of traditional industries such as online education, biomedicine and other high-tech, high value-added industries, smart agriculture, and rural revitalization has taken the lead in attracting capital inflows.
Second, investors in the A-share market continued to optimize their structure, surpassing institutional funds to become “overbearing presidents.”
For the A-share market, the strength of institutional investors with a relatively professional level and ability to acquire information in the investor community is increasing.
Judging from the data published by China Clearing in the past 20 months, institutional investors have steadily grown, and the market entry speed has “outperformed” small and medium investors.
More prominently the institutional attitude is the “strong boss of overbearing presidents”-in the A-share market recently, nearly a hundred companies have revised or newly disclosed their plans to increase their earnings, and most of them have been subscribed by a single institution.
Thirdly, the improvement of the quality of listed companies and the expectation of making money have stimulated market confidence, investors’ intention to enter the market has significantly improved, and leveraged funds have been active.
Data show that 80 new investors were added in January.
As of the end of January 2020, the total number of natural and non-natural investors who have opened A-share accounts.
At 59.9 billion, rounding has become the market’s first “A-share investor first.”
600 million households. ”
For the A-share market, on the surface, what attracts new investors to enter and trade is the money-making effect. In fact, it should be the quality improvement of listed companies and the expectation of money-making brought by the improvement of rules. It is the confidence in the healthy development of the market.
In addition, the attitude of leveraged funds can also show market confidence to a certain extent.
Since December 18, 2019, the financing balance has always remained above the trillion level, and leveraged funds have grown rapidly and remain active, showing that participants’ risks are rising.
What is even more exciting and gratifying is that in the past two trading days, the active transactions in the A-share market were realized 南京夜网under the environment of a significant decline in overseas markets.
Although the global stock market is usually inevitable, “the mountains and rivers are exotic, the wind and the moon are the same”, but the performance of the A-share market proves that its investment rationality and independent judgment have significantly enhanced, which may be a treasure of market size.
After all, confidence is as valuable as money.