The Shanghai and Shenzhen stock markets fluctuated and closed down, and the turnover once again exceeded one trillion yuan.

On July 1, the three major A-share stock indexes collectively opened slightly higher, maintaining a weak and volatile trend in early trading. In the afternoon, the banking, automobile, education and other sectors rose in turn, which once drove the two cities to become popular. To the close of July 1, the Shanghai Stock Exchange Composite Index It fell 0.07% to 3588.78 points; the Science and Technology 50 Index fell 0.53% to 1579.8 points; the Shenzhen Component Index fell 0.81% to 15038.88 points; the ChiNext Index fell 0.63% to 3,455.36 points.

Wind statistics show that 1092 companies in the two cities rose, 3149 companies fell, and 108 companies were flat.

On July 1, the total turnover of the Shanghai and Shenzhen stock exchanges was 1,019.9 billion yuan, an increase of 77.4 billion yuan from the 942.5 billion yuan in the previous trading day. Among them, the Shanghai stock market turnover was 450.6 billion yuan, an increase of 35.9 billion yuan over the previous trading day’s 414.7 billion yuan, and the Shenzhen stock market turnover was 569.3 billion yuan.

A total of 72 stocks in Shanghai and Shenzhen stock markets rose more than 9%, and 45 stocks fell more than 9%.

Northbound funds are temporarily suspended due to holidays.

The Chinese medicine sector continues to strengthen and raises the daily stop tide

In terms of the sector, the Chinese medicine sector continues to strengthen, with Jiyao Holdings (300108) and Longshen Rongfa ( 300534), Xinguang Pharmaceutical (300519), Zixin Pharmaceutical (002118), Huashen Technology (000790), Magic Pharmaceutical (600613), Jiangzhong Pharmaceutical (600750) and more than 10 stocks have their daily limit or more than 10%.

Real estate and banking stocks are rising together, Suning Global (000718), Aoyuan Meigu (000615), China Merchants Shekou (001979), Changshu Bank (601128), Industrial Bank (601166), Bank of Nanjing (601009), etc. rose more than 3%.

The national defense industry led the decline of the two cities,Morning Sun Airlines (300581), Tianhe Defense (300397), Xinyu Guoke (300722), Haite High-tech (002023), etc. fell more than 9%.

Semiconductor has a callback, Lixinwei (688601), Top Rixin Energy (002218), Chipengwei (688508), Zhongying Electronics (300327), National Technology (300077) etc. fell more than 5%.

The index is expected to continue the volatile upward trend

Guotai Junan believes that the index is expected to continue the volatile upward trend. Liquidity tightening is expected to ease, and policies will revert to looser policies in the second half of the year, which will further drive risk-free interest rates down, thereby driving the stock market. The market will maintain a relatively high level of activity at the trillion-dollar transaction level, and the index will generally fluctuate and rise. The direction of technological growth is the main opportunity in the current market. The downward risk evaluation and the downward superimposition of risk-free interest rates are most beneficial to the denominator of technological growth, and technological growth will break free from the negative constraints of previous valuations. In addition, the growth of technology is the focus of the interim report’s profit-than-expected direction.

In operation, Guotai Junan recommends to continue to pay attention to the high-growth sector of the interim report. Recently, the focus of the market has once again focused on performance. The pre-increased varieties of interim reports generally performed well after the announcement of pre-increased results. It is recommended to continue to focus on high-prosperity industries and pay attention to the CRO, medical, semiconductor and other sectors in new energy vehicles (lithium batteries), liquor, medical beauty, and medicine.

Soochow Securities believes that July will be the hype phase of the interim report, and it will mainly focus on the types of performance increase. Investors can appropriately underestimate the index and focus on the quality of individual stocks, and there are still many opportunities to be tapped. But at the same time, it should be noted that although the profit effect of the disk is good in the near future, the overall trading volume has shrunk. On Wednesday, the volume of the two markets can fall below one trillion. Investors should also pay attention to position control under the current market conditions and do a good job of defense.

Caixin Securities believes that the short-term rapid upward trend of the A-share market has passed, and the subsequent A-share market is likely to be a volatile upward structural market, showing a slow bull pattern overall. There is no shortage of investment opportunities in the market. In the third quarter of 2021, the stock market will gradually shift from a liquidity-driven logic to a performance growth and growth-driven logic.