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Market review: July 4, 2018

Fang submitted 2018-07-05 13:28:20

SSE Composite Index decreased 1.00% to 2759.13 last trading day. Shenzhen Composite Stock Index decreased 2.02% to 9035.49 last trading day. Growth Enterprise Index decreased 2.58% to 1565.61 last trading day. The turnover of both Shanghai and Shenzhen was 329.63 billion CNY in last trading day, and it decreased relative to the previous trading day.
In the view of sectors, Steel (SWS)(0.82%), Transportation (SWS)(0.07%) and Banks (SWS)(-0.33%) did relatively better performance while Household Appliances (SWS)(-3.46%) and Computer (SWS)(-3.08%) decreased a lot As for the option contracts of 50ETF: the total turnover during 2018-07-04 was 1137378 lots (changed -38.79%) and 556683 lots for call, 580695 lots for put, currently the total open interest is 1673387 (changed 4.28%), and 1045476 for call, 627911 for put. The put/call ratio in turnover is 1.0431 and put/call ratio in open interests is 0.6006 Up to July 3rd, a total of 1010 companies in Shenzhen market revealed the 2018 semi-annual performance forecast, which is expected to achieve a net profit of 154.45 billion -194.67 billion CNY. From the number of profit makers, a total of 928 companies can make profits, accounting for 91.88%. From the growth point of view, 596 companies are likely to achieve a year-on-year growth, accounting for 59.01%, and 245 companies have reported a year-on-year growth rate of more than 30%, accounting for 24.26%.
Since this week, some major insurance agencies have begun to add positions of A shares, each of them spent around several billion CNY, a total of more than 100 billion CNY. The main target are cycle stocks with PB below 1, concentrated in the real estate, chemical industry, construction and other sectors..


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