The main stock indexes of Shanghai and Shenzhen markets opened slightly lower on Wednesday and maintained a slight shock consolidation trend in the morning. Power related industries and concepts led the increase, leading stocks Huaneng Power International Inc(600011) were close to the limit, and the share price reached a new high in the year.
In terms of the Beijing stock exchange, most of the individual stocks fell, and only 10 stocks rose at noon.
As of midday closing, the Shanghai index reported 3664.19 points, up 0.07%, with a turnover of 282.54 billion yuan; Shenzhen composite index reported 15112.15 points, down 0.16%, with a turnover of 402.91 billion yuan; The gem index reported 3496.47 points, up 0.04%, with a turnover of 175.397 billion yuan.
hot plate
Industry, UHV, electricity, engineering, wind power and other concepts and plates are in the top. CRO, Baijiu, food, Saline Lake lithium extraction and other concepts and plates are among the top.
disk interpretation
Soochow Securities Co.Ltd(601555) : the recent rise and fall of the market is an inertial adjustment, especially the fall of financial stocks, which dragged down the index. The gem index is obviously strong in the near future, and the market also has a certain profit-making effect, which brings certain operation opportunities to investors in index adjustment. At present, the overall market is in a high adjustment state. With the weakening of the short-term index, the differentiation between plates will be more prominent. It is suggested that investors continue to grasp the subject rotation market, pay attention to the technology, consumption and other sectors on bargain hunting, and pay due attention to the rotation opportunities of the pork sector at the end of the year.
Guosheng Securities: the Shanghai index failed to hit 3731 for the third time in the year. Although the whole market showed strong confidence, it did not constitute a continuous upward driving force in the short term. The market may choose a short-term correction to re store energy. From the time interval of several attacks on the high point of stage 3731, the energy storage time is shorter than the previous time, and the index low point rises. It is expected that this round of index adjustment will be faster and higher than the previous time.
message face
National Bureau of Statistics: the national economy continued to recover and the real economy increased steadily in November
Fu Linghui, spokesman of the National Bureau of statistics and director of the Department of comprehensive statistics of national economy, said at a press conference on the operation of the national economy in November 2021 held by the state information office on the 15th that the central economic work conference made a judgment that China's economic development is facing the triple pressure of demand contraction, supply shock and expected weakening, which is due to the complex and severe international situation, the spread of the global epidemic It was put forward against the background of sluggish supply chain circulation in the industrial chain, rising commodity prices, prominent phased structural problems in China and new downward pressure on the economy. From the statistical data, it also clearly reflects the triple pressure and the downward pressure on the economy.
In terms of demand, the year-on-year growth rate of total retail sales of social consumer goods fell from the double-digit growth at the beginning of the year to the single digit, and the average growth rate in the two years also fell from 6.3% in March to 1.5% in August. Although it has improved in the past two months, it is still at a low level. The year-on-year growth rate of investment also fell from double-digit growth at the beginning of the year to single digit growth. The average growth rate in the two years also fell on the whole, reflecting the change of demand contraction.
From the perspective of supply, the rise of international commodity prices, the tight supply of some energy and metals in China, the lack of core in some industries such as automobiles have an obvious impact, and the ex factory price increase of industrial producers has expanded continuously. The increase of PPI expanded from 0.3% in January to 13.5% in October. Although the increase fell this month, it is still at a high level. Automobile production also decreased year-on-year, reflecting the impact of supply shock.
From the perspective of expectation, the manufacturing purchasing manager index has fallen continuously since April and fell to the contraction range in September and October. Among them, the manufacturing PMI of small enterprises has been in the contraction range for seven consecutive months. The business activity index of service industry fluctuates greatly affected by the epidemic, but it also shows a downward trend on the whole. In November, the business activity index of the service industry was 51.1%, down 0.5 percentage points from the previous month. Among them, the business activity indexes of accommodation, catering and other industries fell back to the contraction range, which was mainly affected by the spread of the epidemic. These all reflect the weakening of expectations.
In terms of growth, the two-year average growth rate of China's GDP in the first, second and third quarters was 5%, 5.5% and 4.9% respectively. The decline in economic growth in the third quarter was obvious, which also reflected the downward pressure on the economy.
Fu Linghui said that in the future, despite these triple pressures, we should also see that the fundamentals of China's long-term economic improvement have not changed, and the characteristics of strong toughness are also prominent. In the next stage, we will continue to organically combine cross cyclical and counter cyclical adjustment of macro policies to maintain stable economic development.
(Xinhua Finance)
