Core Viewpoint - The A-share market showed positive performance today, with the Shanghai Composite Index rising by 0.56% and trading volume increasing by 7.77% compared to the previous trading day [1]. Industry Performance - The construction materials sector led the gains with a rise of 5.61%, followed by construction decoration at 3.58% and steel at 3.45% [1]. - The banking sector experienced the largest decline, down by 0.62%, followed by computer and comprehensive sectors, which fell by 0.54% and 0.43% respectively [2]. Trading Volume and Stock Performance - Total trading volume reached 1,106.11 million shares, with a transaction value of 13,796.59 billion yuan [1]. - Among individual stocks, 3,677 stocks rose, with 116 hitting the daily limit up, while 1,589 stocks fell, including 4 hitting the daily limit down [1]. Detailed Industry Data - **Construction Materials**: Increased by 5.61%, with a transaction value of 233.59 billion yuan, led by Jinju Group which rose by 10.19% [1]. - **Construction Decoration**: Rose by 3.58%, with a transaction value of 331.02 billion yuan, led by Zhongshe Consulting which surged by 25.84% [1]. - **Steel**: Increased by 3.45%, with a transaction value of 169.19 billion yuan, led by Xining Special Steel which rose by 10.21% [1]. - **Banking**: Decreased by 0.62%, with a transaction value of 226.74 billion yuan, led by Xiamen Bank which fell by 3.28% [2]. - **Computer**: Fell by 0.54%, with a transaction value of 1,166.74 billion yuan, led by Sifang Jingchuang which dropped by 7.26% [2].

Market Overview - The Shanghai Composite Index rose by 0.50% on July 18, with 22 out of 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and basic chemicals, with increases of 2.10% and 1.36% respectively. The sectors that declined were media and electronics, with decreases of 0.98% and 0.49% respectively [1] Fund Flow Analysis - The net outflow of capital from the two markets was 22.987 billion yuan. Ten sectors saw net inflows, with the non-ferrous metals sector leading with a net inflow of 3.794 billion yuan and a daily increase of 2.10%. The non-bank financial sector also saw a slight increase of 0.33% with a net inflow of 899 million yuan [1] - In contrast, 21 sectors experienced net outflows, with the electronics sector leading with a net outflow of 8.341 billion yuan, followed by the computer sector with a net outflow of 4.375 billion yuan. Other sectors with significant outflows included telecommunications, machinery, and automotive [1] Basic Chemicals Sector Performance - The basic chemicals sector increased by 1.36% with a total net inflow of 41.539 million yuan. Out of 401 stocks in this sector, 239 stocks rose, and 6 stocks hit the daily limit. There were 154 stocks with net inflows, with 8 stocks receiving over 50 million yuan in net inflows. The top stock for net inflow was Wanhua Chemical, with a net inflow of 849 million yuan, followed by Salt Lake Co. and Hubei Yihua with net inflows of 119 million yuan and 115 million yuan respectively [2] - The sector also had stocks with significant net outflows, with 7 stocks experiencing outflows exceeding 50 million yuan. The stocks with the highest outflows were Huafeng Super Fiber, Dongcai Technology, and Nanjing Julong, with outflows of 203 million yuan, 166 million yuan, and 92.551 million yuan respectively [2][4] Basic Chemicals Sector Fund Flow Rankings - The top stocks in the basic chemicals sector by net inflow included: - Wanhua Chemical: +8.29%, 3.77% turnover, 848.69 million yuan inflow - Salt Lake Co.: +3.60%, 2.28% turnover, 119.27 million yuan inflow - Hubei Yihua: +5.08%, 11.27% turnover, 114.66 million yuan inflow - Other notable stocks included Hualu Hengsheng, Hongbaoli, and Zhongyan Chemical with inflows ranging from 56.17 million yuan to 79.97 million yuan [2] Basic Chemicals Sector Outflow Rankings - The stocks with the highest net outflows in the basic chemicals sector included: - Huafeng Super Fiber: -2.45%, 10.74% turnover, -203.01 million yuan outflow - Dongcai Technology: +7.39%, 16.07% turnover, -166.33 million yuan outflow - Nanjing Julong: +0.78%, 41.02% turnover, -92.55 million yuan outflow - Other stocks with significant outflows included Yaji International and Yongtai Technology [4]

Market Overview - The core viewpoint of the report indicates that the A-share market showed mixed performance today, with the Shanghai Composite Index rising by 0.27% to close at 3519.65 points, while the Shenzhen Component Index fell by 0.11% to 10684.52 points, and the ChiNext Index decreased by 0.45% to 2197.07 points [1][10] - Overall, a total of 3178 stocks rose, while 2062 stocks fell, and 175 stocks remained unchanged, indicating a generally positive sentiment in the market despite some declines in major indices [1][10] Industry Performance - Among the Shenwan first-level industries, the mechanical equipment, comprehensive, public utilities, home appliances, and petroleum and petrochemical sectors led the gains, with increases of 1.23%, 1.04%, 1.04%, 1.02%, and 0.86% respectively [1][10] - Conversely, the real estate, media, non-bank financials, commercial retail, and computer industries experienced declines, with decreases of 1.29%, 1.24%, 1.03%, 0.94%, and 0.88% respectively [1][10] Sector Highlights - The top-performing concept sectors today included first boards, lithium mining, board hitting, vitamins, innovative drugs, charging piles, gold and jewelry, ultra-high voltage, paper making, pre-increase, consecutive boards, CRO, auto parts, masks, and animal vaccines [2][12] - The sectors that faced the most significant declines included stock trading software, marketing communication, and financial technology [2][12]

Group 1 - Market sentiment indicators have improved, with the sentiment score rising from -0.9 to -0.25, indicating a shift towards a more bullish outlook [9][13][18] - The increase in industry trading congestion and the positive shift in the PCR combined with the VIX index reflect a recovery in market sentiment [13][18] - The total trading volume in the A-share market has shown a significant increase, with the highest daily trading volume reaching 1,736.61 billion RMB [18][19] Group 2 - The construction materials sector has shown a significant upward trend, with a short-term trend score increase of 21.05% [32][33] - The model indicates that small-cap growth stocks are currently favored, with a strong signal for small-cap stocks and a rapid increase in the 5-day RSI relative to the 20-day RSI [32][37] - The sectors with the strongest short-term trends include defense, media, communication, and computer industries [32][33]

Core Insights - As of July 9, the latest market financing balance reached 1,855.737 billion yuan, an increase of 3.843 billion yuan compared to the previous trading day [1] - Among the 18 primary industries, the non-ferrous metals sector saw the largest increase in financing balance, rising by 0.964 billion yuan [1] - The industries with notable increases in financing balance include electronics, pharmaceuticals, and automobiles, with increases of 0.869 billion yuan, 0.622 billion yuan, and 0.566 billion yuan respectively [1] - Conversely, 13 industries experienced a decrease in financing balance, with non-bank financials, transportation, and computers showing the largest declines of 0.503 billion yuan, 0.210 billion yuan, and 0.161 billion yuan respectively [1] Industry Financing Balance Changes - The construction materials industry had the highest growth rate in financing balance, with a latest balance of 12.159 billion yuan, reflecting a 1.43% increase [1] - Other industries with significant growth rates include non-ferrous metals (1.22%), national defense and military industry (0.75%), and basic chemicals (0.66%) [1] - Industries with the largest declines in financing balance include transportation (-0.61%), environmental protection (-0.56%), and retail (-0.44%) [2] - The latest financing balances for the top industries are as follows: - Non-ferrous metals: 80.248 billion yuan, increase of 0.964 billion yuan, growth rate of 1.22% [1] - Electronics: 214.565 billion yuan, increase of 0.869 billion yuan, growth rate of 0.41% [1] - Pharmaceuticals: 133.094 billion yuan, increase of 0.622 billion yuan, growth rate of 0.47% [1] - Transportation: 33.945 billion yuan, decrease of 0.210 billion yuan, decline rate of 0.61% [2] - Non-bank financials: 156.456 billion yuan, decrease of 0.503 billion yuan, decline rate of 0.32% [2]

Market Performance - The Shanghai Composite Index rose by 1.40%, closing at 3472.32 points[5] - The Shenzhen Component Index increased by 1.25%, closing at 10508.76 points[5] - The ChiNext Index gained 1.50%, closing at 2156.23 points[5] Sector Performance - The steel sector led with a growth of 5.06%[12] - The construction materials sector followed with a 3.96% increase[12] - The banking sector rose by 3.77%[12] - The pharmaceutical and biological sector increased by 3.64%[12] - The computer sector experienced a decline of 1.28%[12] Margin Trading - The total margin trading balance reached 18529.27 billion yuan, up by 0.73% from the previous week[15] - Margin trading balance accounted for 2.25% of the A-share market's circulating market value, down by 0.70%[15] - The total margin trading transaction volume was 6534.33 billion yuan, down by 6.98%[16] Market Breakdown - As of July 4, the margin trading balances for the Shanghai, Shenzhen, and Beijing exchanges were 9348.08 billion yuan, 9122.53 billion yuan, and 58.65 billion yuan, respectively[19] - The top five sectors with increased margin trading balances included chemicals (1.85 billion yuan) and telecommunications (1.57 billion yuan)[22]

Market Overview - A-shares exhibited a "strong in Shenzhen, weak in Shanghai" characteristic last week, with the Shanghai Composite Index rising by 1.40% and the Shenzhen Component Index increasing by 1.25% [2] - The banking sector index reached a new high, indicating a shift of funds from overvalued sectors to policy-benefiting areas [2] - The average increase of Wind's first-level industry was 1.30%, with 81% of sectors showing positive returns, particularly steel, building materials, and banking, which rose by 5.06%, 3.96%, and 3.77% respectively [2][13] Fund Issuance - A total of 20 funds were issued last week, including 11 equity funds, 5 mixed funds, 3 bond funds, and 1 fund of funds (FOF), with a total issuance of 5.328 billion units [4][10] Fund Performance - The Wind All Fund Index increased by 0.71% last week, with the ordinary equity fund index rising by 1.60% and the mixed equity fund index increasing by 1.25% [3][9] Global Asset Review - International equity markets showed slight divergence, with U.S. stocks continuing to rise, driven by Nvidia's market capitalization nearing $4 trillion, while European markets displayed weakness due to concerns over economic recovery [5] - Commodity markets experienced significant differentiation, with oil prices influenced by U.S. economic data and international risk factors, while metals like copper, aluminum, gold, and silver recorded gains [5] Domestic Bond Market Review - The bond market remained stable, with the China Bond Composite Index rising by 0.15% and the convertible bond index performing well with a gain of 1.21% [14]

| 房地产 | 22.70 | 18.09 | 1.04 | 1.24 | 1.37 | | --- | --- | --- | --- | --- | --- | | 环保 | 15.16 | 13.79 | 1.70 | 1.70 | 0.32 | | 建筑材 | 10.24 | 17.12 | 1.38 | 1.60 | 0.16 | | 料 | | | | | | | 美容护 理 | 3.08 | 5.84 | 2.74 | 1.13 | -0.43 | | 基础化 | 69.81 | 16.26 | 2.61 | 1.54 | -0.93 | | 工 | | | | | | | 煤炭 | 9.90 | -17.04 | 0.76 | -0.22 | -1.02 | | 医药生 | 48.87 | 7.78 | 1.79 | 1.10 | -1.09 | | 物 | | | | | | | 纺织服 | 15.73 | 11.16 | 2.25 | 0.91 | -4.69 | | 饰 | | | | | | | 交通运 | 52.76 | 13.26 | 1.26 | 0.26 | -6.75 | | ...

Market Overview - The Shanghai Composite Index increased by 1.07% with a trading volume of 920.72 million shares and a transaction value of 1,161.24 billion yuan, representing a 31.32% increase compared to the previous trading day [1]. Industry Performance - The top-performing sectors included: - Non-bank Financials: +2.69%, transaction value of 622.93 billion yuan, led by Xiangcai Co. with a gain of 10.05% [1]. - Electric Equipment: +2.58%, transaction value of 1,116.33 billion yuan, led by Xinde New Materials with a gain of 20.01% [1]. - Retail: +2.53%, transaction value of 151.10 billion yuan, led by Zhejiang Dongri with a gain of 10.02% [1]. - The sectors with the largest declines included: - Oil and Petrochemicals: -1.50%, transaction value of 180.21 billion yuan, led by Tongyuan Petroleum with a loss of 18.73% [2]. - National Defense and Military Industry: -0.31%, transaction value of 485.29 billion yuan, led by Jieqiang Equipment with a loss of 16.52% [2]. - Coal: -0.26%, transaction value of 52.03 billion yuan, led by Yunmei Energy with a loss of 2.51% [2]. Notable Stocks - Leading gainers included: - Xiangcai Co. in Non-bank Financials with a gain of 10.05% [1]. - Xinde New Materials in Electric Equipment with a gain of 20.01% [1]. - Zhejiang Dongri in Retail with a gain of 10.02% [1]. - Notable decliners included: - Tongyuan Petroleum in Oil and Petrochemicals with a loss of 18.73% [2]. - Jieqiang Equipment in National Defense and Military Industry with a loss of 16.52% [2].

| 申万行业 | 行业 | 成交额 | 比上日 | | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | | 涨跌 | （亿元） | （%） | 领涨（跌）股 | （%） | | | （%） | | | | | | 煤炭 | 1.26 | 43.28 | 23.24 | 宝泰隆 | 4.78 | | 银行 | 0.88 | 214.76 | 21.85 | 浙商银行 | 2.01 | | 有色金属 | 0.71 | 267.01 | 13.63 | 腾远钴业 | 14.39 | | 国防军工 | 0.67 | 289.87 | 8.58 | 观想科技 | 13.46 | | 计算机 | 0.66 | 564.39 | -15.20 | 优博讯 | 13.34 | | 基础化工 | 0.64 | 440.70 | 6.64 | 海新能科 | 20.06 | | 环保 | 0.50 | 63.13 | 8.50 | 中电环保 | 12.36 | | 电力设备 | 0.43 | 611.09 | -2.73 | 远航精密 | 21.36 | | 电子 | 0.41 | 10 ...