On Wednesday, the three major A-share indexes fluctuated downward. As of the closing, the Shanghai Composite Index fell 0.91% to 3597.00 points, and the Kechuang 50 index fell 0.98%; The Shenzhen Component Index fell 1.24% and the gem index fell 1.4%.
It is worth noting that yesterday’s A-share hit a new record of annual turnover: as of the closing on December 29, there was still two trading days before the end of the whole year’s trading. The total turnover of Shanghai and Shenzhen stock markets has reached 255.13 trillion yuan this year, exceeding the highest annual total turnover of 254.5 trillion yuan in the history of A-share in 2015.
At the same time, the average daily turnover of A-Shares since 2021 has been 1.06 trillion yuan, which has also exceeded 1.04 trillion yuan in 2015, the highest in history. In addition, A-Shares this year also recorded the longest single day turnover of more than trillion yuan in history.
According to choice data, since December 5, 2014, the turnover of Shanghai and Shenzhen stock markets exceeded RMB 1 trillion for the first time, so far, the turnover of A-share market has exceeded RMB 1 trillion for 10 consecutive trading days or more, including 3 times in 2015 and 2020 and 4 times in 2021.
In particular, from July 21 to September 29 this year, the turnover of Shanghai and Shenzhen stock markets exceeded trillion yuan for 49 consecutive trading days, the highest in history, exceeding that of 43 consecutive trading days in 2015. Recently, from October 22 to December 24, the turnover of Shanghai and Shenzhen stock markets exceeded trillion yuan for 46 consecutive trading days.
For the rising turnover of A-Shares this year, many institutions believe that trillion transactions may become the new normal of the market.
China International Capital Corporation Limited(601995) said that with the appreciation of the stock market itself and the expansion of the number of listed companies and share capital driven by IPO and refinancing in recent years, the free circulation market value of A-Shares has also increased year by year, exceeding 40 trillion yuan. Historically, the turnover rate corresponding to the free circulation market value of A-Shares has the characteristics of mean regression. The theoretical turnover calculated by the mean historical turnover rate of 2.57% has exceeded 1 trillion yuan. China International Capital Corporation Limited(601995) it is estimated that trillion transactions may be the new equilibrium level of daily turnover of a shares.
On the disk yesterday, the trend of large and small cap stocks was significantly differentiated, led by the Shanghai 50 Index dominated by heavyweights. Baijiu shares retreated, and Kweichow Moutai Co.Ltd(600519) fell 4.54%. Chinese medicine leader Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) fell by the limit in the afternoon; China Merchants Bank Co.Ltd(600036) , Nari Technology Co.Ltd(600406) and so on all fell by more than 4%.
Subject stocks strengthened again, Andon Health Co.Ltd(002432) trading limit, and 10 trading limits have been recorded in nearly 13 trading days. The stock has risen 636.03% since November 15.
San Yang Ma (Chongqing) Logistics Co.Ltd(001317) trading resumed yesterday and opened sharply lower in the morning, but the trading limit was closed in the afternoon driven by short-term emotional activity. So far, the stock has gained 17 daily limit boards (including the upper limit of 44% on the first day) since its listing.
In addition, the ship sector led the day’s rise yesterday, Hg Technologies Co.Ltd(300847) rose by 12%, and China Marine Information Electronics Company Limited(600764) and other daily limits, which also led to the intraday strength of the military sector, Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) , China Spacesat Co.Ltd(600118) and other daily limits.
Looking forward to the future, Guotai Junan Securities Co.Ltd(601211) strategy team believes that the recent high market volatility and the profit-making effect have converged, “the restless market in spring is not achieved overnight”, and the rhythm of this round of cross-year market is more moderate. It is expected that with the gradual implementation of specific policies for steady growth in the first quarter of 2022, the cross-year market of A-Shares will still be further deduced.
(Shanghai Securities News)
