Sino-Singapore Jingwei Client, February 18th. On the 18th, the first trading day of the Year of the Ox, A shares welcomed a “good start”. The three major indexes opened higher across the board, all rose nearly 2%, and the Shanghai Index rose above 3700 points.
The Shanghai Composite Index opened higher by 3721.09 points, or 1.81%, with a turnover of 7.922 billion yuan; the Shenzhen Component Index reported 16,275.98 points, an increase of 1.97%, with a turnover of 8.648 billion yuan; the Growth Enterprise Market Index reported 3,475.89 points, an increase of 1.82%; the Shanghai Stock Exchange 50 Index was 4,097.87 points. An increase of 1.72%; CSI 300 reported 5,922.07 points, an increase of 1.97%.
On the disk, rare metals, mining services, industrial metals, gold, oil mining and other sectors led the gains; in terms of concept stocks, copper, capital leaders, yesterday’s link, cobalt, and scarce resources led the rise.
In terms of individual stocks, 3649 individual stocks rose, of which Sanju Environmental Protection, Zhejiang Longsheng, SF Holdings and other stocks rose more than 5%. 210 stocks fell, of which Zhengchuan shares, Sanhe Pipe Pile, and Titan shares fell by more than 5%.
As of the previous trading day, the Shanghai Stock Exchange’s financing balance was reported at 787.517 billion yuan, a decrease of 9.455 billion yuan from the previous trading day. The securities lending balance was reported at 87.01 billion yuan, a decrease of 1.617 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 711.25 billion yuan. , A decrease of 8.536 billion yuan from the previous trading day, and the securities lending balance reported at 53.938 billion yuan, a decrease of 1.226 billion yuan from the previous trading day. The balance of margin financing and securities lending in the two cities totaled 1,639.715 billion yuan, a decrease of 20.835 billion yuan from the previous trading day.
From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds is 1.316 billion yuan, of which the net inflow of Shanghai Stock Connect is 535 million yuan, the balance of funds on the day is 51.465 billion yuan, and the net inflow of Shenzhen Stock Connect is 781 million yuan. The balance was 51.219 billion yuan; the net inflow of southbound funds was 5.324 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 5.061 billion yuan, the day’s fund balance was 36.939 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 263 million yuan, and the day’s fund balance was 41.737 billion yuan.
On the 18th, the central bank conducted a 7-day reverse repurchase of 20 billion yuan in the open market. Today, 280 billion yuan of reverse repurchase expires and 200 billion yuan of MLF expires. This week (February 18-20), a total of 380 billion yuan of reverse repurchase and 200 billion yuan of MLF expired.
In terms of funds, the newly added credit in January was 3.58 trillion yuan, a year-on-year increase of 225.2 billion yuan. The balance of broad money (M2) was 221.3 trillion yuan, a year-on-year increase of 9.4%; the balance of narrow money (M1) was 62.56 trillion yuan, a year-on-year increase of 14.7%.
Wind statistics show that in January 2021, the net inflow of northbound funds under the interconnection mechanism reached 39.957 billion yuan, and the net inflow since 2021 reached 74.056 billion yuan, continuing to maintain a substantial net inflow.
As major institutions continue to increase their allocation of equity assets and the general trend of household savings transfer, the scale of incremental funds in the A-share market in the Year of the Bull is still worth looking forward to. Chen Li, chief economist of Chuancai Securities, said that in January 2021, the cumulative number of newly established partial equity funds exceeded 450 billion, and the monthly issuance reached the highest in history.
A-share “good start” has traces to follow. During the A-share market closure during the Spring Festival holiday, the three major U.S. stock indexes all hit record intraday highs; the Nikkei 225 index touched 30,000 points in early trading, the first time since August 1990.
All kinds of commodities are also blooming. Stimulated by OPEC production cuts, on the evening of February 15th, Beijing time, WTI crude oil futures and Brent crude oil futures both continued their gains, hovering around US$60.64/barrel and US$63.33/barrel, respectively, and both continued to hit new highs since December 2019.
Centaline Securities pointed out that on the last trading day before the Chinese New Year holiday, the A-share market opened higher and moved higher, volatizing and rising sharply. The Shanghai Index hit a new high during the year. The overall performance of the external market during the Spring Festival holiday was eye-catching. Investors have even more expectations for the economic recovery in the Year of the Ox. As strong. Hong Kong’s Hang Seng Index has started the Year of the Ox soaring. The prices of film and television concepts, non-ferrous metals, and commodities have all soared. Investors have increased their expectations for the continued recovery of China’s economy after the holiday. The new economy, cyclical industries, and major consumption and other mainstreams The sector has strengthened in turn, and the A-share market has a good start to the Bull Year. It is expected that the A shares will continue to rise steadily after the holiday. While investors continue to pay attention to some leading companies, they can also actively pay attention to investment opportunities in industries such as cycle, consumption, and software technology.
Reprint indicated source：Spark Global Limited information