A-share Opening Express | The three major indices collectively opened higher, and non-ferrous communication equipment led the way
The Zhitong Finance App learned that on August 17, the Shanghai Index rose 0.07% to 3930.10 points, the Shenzhen Index rose 0.31% to 14399.20 points, the GEM index rose 0.18% to 3632.78 points, and the Science and Innovation 50 rose 0.23% to 1721.55 points. As of 9:31, a total of 1,952 companies in the two markets and the Beijing Stock Exchange had risen, 3,175 were down, and 417 were flat. The increase was highest: precious metals, industrial metals, communication equipment, planting industry, components, glass and glass fiber, etc.; the decline was the highest: food and beverage, media, medicine and biology, beauty care, trade and retail, real estate, etc.
Market conditions
On August 17, the three major indices and the science and innovation 50 collectively opened higher, but the margin of high opening was small. There was more decline and less increase at the level of individual stocks. The share of rising individual stocks was about 35%. The profit effect was weak, and the performance of the index and individual stocks were divided. In Shenwan's first-tier industry, communications rose 1.79%, non-ferrous metals rose 1.45%, electronics rose 0.79%, and non-ferrous directions such as precious metals and industrial metals were supported by stronger international gold and copper prices and the situation in the Middle East; food and beverage fell 2.12%, media fell 1.25%, and pharmaceutics led the decline by 1.24%. Among them, liquor was clearly suppressed by leading performance and shareholder changes. Overall, the high index is mainly driven by structural directions such as non-ferrous materials and communication equipment, while the direction of consumption and subject matter weakens.
Overnight quick facts
The three major US stock indices collectively closed down, and oil prices strengthened: on August 14, local time, the three major US indices collectively closed down. The Dow fell 0.20% to 53732.41 points, the S&P 500 fell 0.17% to 7785.76 points, and the NASDAQ fell 0.28% to 26729.16 points; due to the strengthening of storage and optical communication, disrupted by the situation in the Middle East, WTI crude oil and Brent crude oil futures both rose more than 1%.
The central bank released financial data for July, and the RMB hit a new high for three and a half years: the central bank data showed a cumulative increase of 22.25 trillion yuan in the first seven months; the M2 balance at the end of July was 355.51 trillion yuan, up 7.7% year on year; the central price of RMB against the US dollar rose to 6.79, a record high for three and a half years. The State Information Office held a press conference at 15:00 on August 17 to introduce the operation of the national economy in July.
Nvidia officially announced mass production of CPO switches, and Maotai's net profit declined: Nvidia announced full mass production of CPO switches and reduced the guarantee scale for the OpenAI data center project; Kweichow Moutai's net profit for the first half of the year fell 1.95% year-on-year, and Central Huijin and Securities Securities Companies withdrew from their top ten shareholders; as of the evening of August 16, 476 A-share companies had disclosed their interim reports, with a profit of nearly 90%.
Trend analysis
Today, the three major indices and the Science Innovation 50 collectively opened higher, but individual stocks fell more and rose less, accounting for about 35% of the increase. The index was divided with individual stocks. Non-ferrous sectors such as precious metals and industrial metals and technology chains such as communication equipment and components led the way. Food, beverage, media, pharmaceuticals and biotechnology declined the most, and liquor was suppressed by news of changes in Kweichow Moutai's performance and shareholders.
Overnight, US stocks closed down, oil prices strengthened, and peripheral disturbances were still variables; domestic financial data for July was stable, RMB hit a three-and-a-half-year high, and four departments issued tax incentives for integrated circuit and industrial mother machine companies. The institutional consensus favors the continuation of the “golden autumn market”, and technological restoration is not over, but the market may shift from general rise to structural rotation. Short-term indices or shocks are repaired, and quantitative energy acceptance is the focus of observation.