On November 11, the two cities opened low and high in early trading, with the gem index rising to nearly 1.3% at one point, and then falling back. The real estate sector rebounded sharply, Merchants Shekou, Sunshine City and other stocks rose by the daily limit, building materials, kitchen and sanitary appliances and other plates rose; the financial plate rose collectively, GF Securities Co., LTD. once hit the limit, and the Shanghai 50 index rose nearly 1%. Chip stocks rose, and North Huachuang's share price rose more than 8% to an all-time high.
On the whole, individual stocks rose again, with nearly 3000 shares floating red, with a half-day turnover of nearly 670 billion yuan on the Shanghai and Shenzhen stock markets. By the close of midday, the Prev index was up 0.59%, the Shenzhen Composite Index was up 0.86%, and the gem index was up 0.7%. Shanghai Stock Connect had a net inflow of 2.901 billion in morning trading, while Shenzhen Stock Connect had a net inflow of 3.245 billion in morning trading.
Yesterday, a number of official media said that the financing environment of housing enterprises has warmed up, the property market has stabilized, and market confidence has continued to recover.
From the market point of view, recently, a number of housing companies have responded to market misgivings and sent a signal of ample cash flow by buying back US dollar bonds. For example, Metro Holdings announced on November 7 that combined with its current operating and financial situation, Metro Global plans to redeem $350 million of existing US dollar bonds in advance and write them off. Prior to this, Agile Group, China Jinmao, Shimao Group, Zhongliang Holdings, Jianye Real Estate, Hongyang Real Estate and other real estate companies have launched overseas dollar debt buybacks, indicating that they have sufficient funds to boost market confidence.
Experts said that it is now very important for real estate enterprises to maintain the stability of cash flow, as long as the channels of incremental financing can be opened, the liquidity of enterprises will be improved.
At present, A shares are still in a tangled state, and the characteristics of sawing back and forth are obvious, and the market of plate "one-day tour" is also common, so in this cautious and optimistic attitude, we need to be more vigilant, beware of stepping back on 3450-3470 points again due to continuous rebound failure, the plate selection of undervalued blue chips, as well as boom reversal varieties, especially around the CPI expected upside under the background to benefit industries.
As far as the future is concerned, Northeast Securities pointed out that from the short-term trading of the index, taking into account the fact that the index has fallen on Wednesday and the Singles Day curse, controlling the position, if the index continues to pull back on Thursday, you can consider making up moderately in late Thursday. Starting from the idea that the structural market is still the main theme, in the direction, we should continue to pay attention to the transmission logic from PPI to CPI, and continue to pay attention to the opportunities for self-controllable, precious metals, rare metals, new energy and other plates such as military industry, Xinchuang science and technology to rotate repeatedly.
Central Plains Securities believes that at present, the Prev continues to consolidate around 3500 points, the intraday shock amplitude has increased, and the characteristics of market hot spot structure rotation are more remarkable, and whether the stock index can stabilize and recover in the future still needs a strong boost from the policy side. It is suggested that we should continue to pay attention to the changes in policy and capital. It is expected that the Prev short-term small shock is more likely, the gem short-term small consolidation may be greater. Investors are advised to wait and see in the short term, and the middle line will continue to pay attention to the investment opportunities of undervalued blue chips.
On the macro side, China International Capital Corporation said that looking forward, PPI is expected to be year-on-year or close to the inflection point, and CPI may slightly break 2%PPI year-on-year. On the one hand, from a base point of view, after the vaccine landed in November last year, global commodity prices began to rebound driven by improved risk appetite, and the PPI base increased, helping to stabilize the year-on-year rise. On the other hand, from the perspective of new factors, although electricity prices are rising or continuing, the prices of thermal coal, rebar, aluminum and copper have fallen by 20% and 60% since their October highs, and PPI growth is likely to slow in November compared with the previous month. Overall, PPI is expected to start falling year-on-year in November or December.