On August 12, A-shares fell in volume, with the two markets trading 495.9 billion yuan, down 67.1 billion yuan from the previous trading day. Among them, the Shanghai market's turnover was 217.6 billion yuan, and the Shenzhen market's turnover was 278.3 billion yuan, hitting a new low since May 25, 2020. The Shanghai Composite Index fell slightly by 0.14% to close at 2858.20 points, and more than 3,600 stocks in the two markets fell.
The concept sectors such as COVID-19 specific drugs, COVID-19 testing, in vitro diagnosis, and genetic testing, as well as the industry sectors such as coal, electrical appliances, environmental protection, energy equipment, and shipping led the gains. The concept sectors such as radio frequency and antennas, urban village reconstruction, and vitamins, as well as the industry sectors such as education, real estate, catering and tourism, and retail led the losses.
Wind data showed that pharmaceutical, biotechnology, electronic components, environmental protection and other sectors received net inflows of major funds, among which the pharmaceutical index received a net inflow of 2.28 billion yuan. Real estate, automobiles, education, construction, communication equipment and other sectors saw the largest net outflows of funds.
Pharmaceutical and environmental protection sectors rose strongly
Affected by the news related to the COVID-19, on August 12, COVID-19 testing, COVID-19 specific drugs, gene testing and other concept sectors were strong throughout the day. As of the close, more than ten stocks including Xiangxue Pharmaceutical, Cosun, Cape Biopharm, Yiling Pharmaceutical, and Xinhua Pharmaceutical hit their daily limit.
Xiangxue Pharmaceuticals' stock price rose by 20% today, and the company's stock price has risen by more than 200% since the end of July. Xiangxue Pharmaceuticals disclosed on July 30 that the TAEST16001 injection applied by its subsidiary was included in the list of breakthrough therapeutic products by the Drug Evaluation Center of the National Medical Products Administration.
Xiangxue Pharmaceutical said that the company has noticed that some media, stock forums, public accounts and other platforms have forwarded and discussed related matters, and the market has paid close attention to them. The company recently issued a risk warning stating that TAEST16001 injection is currently in Phase II clinical trials, and the relevant R&D cycle is long, the investment is large, there are many unpredictable factors, and it is easily affected by multiple factors such as technology, approval, and policy. There is a risk that the clinical research results may not meet expectations or even fail.
In its latest research report, Cinda Securities mentioned that the current pharmaceutical industry is at a low valuation, the holding ratio is relatively low, and many sub-sectors have received policy support, such as supporting the replacement of old medical equipment with new ones, supporting innovative drug policies across the entire industry chain, and promoting policies to promote high-quality development of service consumption, which is beneficial to health care, health and other medical services. The research report believes that it is worth focusing on increasing positions in the pharmaceutical sector at this time.
Energy equipment and environmental protection sectors also continued to rise today. As of the close, Zhunyou shares, Tus Environment, Shenwu Energy Saving, Dongjiang Environmental Protection, Yongqing Environmental Protection and other stocks hit the daily limit.
On August 11, the "Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development" (hereinafter referred to as the "Opinions") issued by the Central Committee of the Communist Party of China and the State Council was officially announced to the public. This is the first time that a systematic deployment has been made at the central level to accelerate the comprehensive green transformation of economic and social development.
ST sector fell
The ST sector continued to decline today.
As of the close, *ST Mingjia fell 11%, *ST Zhongcheng, ST Huijin, *ST Diwei, *ST Yinjiang and many other stocks fell more than 6%. In addition, more than 30 stocks including ST Molong, *ST Renle and ST Guangwang hit the limit down.
*ST Jingfeng, which had achieved 26 daily limit increases in the previous 27 trading days, hit the daily limit down today.
On August 9, *ST Jingfeng disclosed an announcement on the extension of the recruitment of restructuring investors. The announcement showed that the company publicly recruited and selected pre-restructuring investors from the society. As of August 8, 2024, some potential investors said that the time for preparing materials was relatively tight and they had not yet completed the internal approval procedures, and hoped to extend the registration period.
The education sector fell in the morning and the decline widened in the afternoon. Among them, Offcn Education fell to the limit and closed at 1.96 yuan per share. Offcn Education has recently achieved 6 daily limits, and its share price has climbed from a low of 1.34 yuan to a high of 2.67 yuan. In addition, many education stocks that have risen sharply recently, such as Anli Education and Kede Education, have fallen significantly.
Retail sector pullback
In the retail sector, Yonghui Supermarket and Central Department Store hit the limit down today. Nanjing Business Travel, Guoguang Chain, Zhongbai Group, Nanning Department Store, Youhao Group, Shenhua Holdings and other companies were among the top losers. After Yonghui Supermarket hit the limit down today after hitting the limit up for two consecutive trading days on August 7 and 8.
Yonghui Supermarket has been making a lot of moves recently. On June 19 this year, the first store of Yonghui Supermarket assisted by Pang Donglai, Zhengzhou Xinwan Plaza Store, officially resumed business. On August 7, Yonghui Supermarket's second Pang Donglai assisted and assisted store, Zhengzhou Yonghui Hanhai Haishang Store, also started trial operation. On August 8, the adjustment work of the third Pang Donglai assisted and assisted store, Yonghui Supermarket Zhengzhou Yuhua Plaza Store, started.
Yonghui Supermarket previously announced that it will start the nationwide store adjustment work in early August. In addition to the stores that Pang Donglai helped to adjust, Yonghui Supermarket also started to learn from Pang Donglai's self-improvement store adjustment. On August 12, Yonghui Supermarket officially started to learn from Pang Donglai's first store in China, Yonghui Supermarket Xi'an Zhongmao Plaza Store, and the adjusted stores are expected to resume business on August 31.
Central Department Store also had a daily limit increase for five consecutive trading days before it fell to the daily limit on August 12. The company previously warned that the company's stock price has risen sharply in the short term recently, with a high turnover rate, but the company's fundamentals have not changed significantly, and there may be irrational speculation and other situations, and there may be a risk of a stock price falling after a sharp rise. Investors are advised to pay attention to the risks of secondary market transactions, make rational decisions, and invest prudently.
Hong Kong-listed Longhui International continues to plunge
Today, the Hong Kong stock market opened slightly higher in the morning and fluctuated throughout the day.
The Hang Seng Technology Index fell by more than 1% in the morning and fell by 0.24% as of press time. Bilibili led the decline in the Hang Seng Technology Index. As of press time, Bilibili fell by more than 7%, Xpeng Motors fell by nearly 4%, and Oriental Selection fell by nearly 3%.
Jitu Express-W (01519) surged nearly 6% during today's intraday trading. Jitu Express previously disclosed that the parcel volume processed in the second quarter of 2024 was 5.9834 billion pieces, a year-on-year increase of 30.7%; the cumulative parcel volume processed in the first half of the year was 11.0149 billion pieces, a year-on-year increase of 38.3%, equivalent to an average daily parcel volume of 60.5 million pieces.
CICC recently released a research report saying that it is optimistic about the company's growth prospects brought by its perfect network coverage and international vision. The market has not yet recognized the company's revenue development potential as a global express delivery company, and the company's long-term profit growth space as operational efficiency improves.
Longhui International Holdings, a Hong Kong-listed catering company that plunged 90% on August 7, continued to fall today. As of press time, Longhui International Holdings fell nearly 10%, and its share price fell nearly 15% in early trading. The company's current market value is only about HK$40 million.
Galaxy Securities said in its latest research report that in the short term, external market fluctuations may affect the sentiment of the Hong Kong stock market. The Hong Kong stock mid-year reports in August are in the concentrated disclosure period, and the catalytic effect brought by the favorable performance is worth paying attention to. As the Fed's interest rate cut is approaching, pay attention to the technology sector that benefits from the expectation of interest rate cuts, especially the sub-sectors with dual improvement expectations on the denominator and numerator are expected to benefit more, including Internet leaders, consumer electronics, innovative drugs and other sectors.
There is a lot of wailing and pain going on in the periphery right now. As for Biquan, what do you think?