The Zhitong Finance App learned that on August 20, after opening higher, A-shares rushed higher and retreated, and the increase narrowed, and the three major indices became slightly popular. At the close, the Shanghai Stock Exchange Index rose 0.24% to 3903.72 points, the Shenzhen Stock Exchange Index rose 0.59% to 13972.78 points, the GEM index rose 0.64% to 3495.59 points, Science and Technology Innovation 50 fell 0.87% to 1652.97 points, and the Beijing Stock Exchange 50 fell 0.06% to 1081.58 points. The turnover of the Shanghai and Shenzhen markets was about 2079.363 billion yuan, down about 431.7 billion yuan from the previous trading day. In the entire market, 4,096 stocks rose and 1,347 fell, rising and stopping 84 and falling 13, accounting for about 73% of the rising stocks.
In terms of sectors, biological products (+7.85%), precious metals (+5.50%), medical devices (+4.27%), medical services (+4.24%), internet e-commerce (+3.18%), tourism and scenic spots (+3.05%) had the highest gains; Coke II (-4.01%), kitchen and bathroom appliances (-1.40%), small metals (-1.08%), and batteries (-0.84%) had the highest declines. In addition, the new stock N Green Control Transmission landed on the GEM market on the same day. The closing price surged 282.24% to 32.49 yuan, and the issue price was 8.50 yuan.
driving factors
After opening higher on the same day, the three major indices rallied higher and narrowed. The Shanghai Composite Index rose 0.24%, the Shenzhen Securities Index rose 0.59%, the GEM index rose 0.64%, Science and Technology Innovation 50 fell 0.87%, and the Beijing Stock Exchange 50 fell 0.06%. The turnover of the two markets was about 2.08 trillion yuan, down about 431.7 billion yuan from the previous day.
In terms of medicine and biology, MSD and Modena announced on August 19 that the first phase III clinical trial of the personalized mRNA cancer vaccine IntiSmeran Autogene of the two parties had obtained initial positive results and that both major endpoints had been achieved. Moderna surged 176.97% in a single day and MSD rose 12.6% to record highs, driving the overall strength of the A-share vaccine, innovative drug, and CRO sectors.
In terms of precious metals, on August 19, local time, London spot gold surged 4.35% to 4521.87 US dollars/ounce, and spot silver rose 5.79% to 66.98 US dollars/ounce, both of which hit record highs. The US Treasury Department announced an expansion of the scale of long-term treasury bond repurchases, a decline in US bond yields, and the weakening of the US dollar.
In terms of power grid equipment, on August 18, the State Grid and China Southern Power Grid signed the “Framework Agreement on Strategic Cooperation to Implement the Fifteenth Five-Year Plan and Accelerate the Construction of New Power Grids”. In the first half of the year, the State Grid completed fixed asset investment of more than 310 billion yuan, an increase of 12.6% over the previous year.
Overnight, the three major US stock indices stopped falling and rebounded. The Dow rose 0.22%, the S&P 500 rose 0.21%, and the NASDAQ rose 0.16%.
Popular sector aspects
1. Pharmaceutical biology
Vaccines, innovative drugs, and CRO have come to a standstill. Shenwan's biological products sector rose 7.85%, medical services increased 4.24%, and medical devices rose 4.27%. Multiple stocks such as Baike Biotech, Huada Intelligent Manufacturing, Uniingwei, Boteng Shares, Laimei Pharmaceuticals, Watson Biotech, and Cansino rose and stopped at 20CM. The catalyst was clinically positive for the MSD and Modena mRNA personalized cancer vaccine phase III. Moderna surged 176.97% overnight and MSD rose 12.6% to record highs.
2. Precious metals
Gold stocks strengthened across the board, and Shenwan's precious metals sector rose 5.50%. Shandong gold rose 8.59%, Chifeng gold rose 7.91%, and CICC Gold and Xiaocheng Technology followed suit. The catalyst was that London's spot gold rose 4.35% and returned above 4,500 US dollars, and spot silver rose 5.81%, both of which reached record highs.
3. Power grid equipment
The power grid equipment sector is active. Fengfan Co., Ltd. and Zhengtai Electric went up and down in 14 days, while Sanhui Electric and Yangdian Technology followed suit. The catalyst was the signing of a strategic cooperation framework agreement between the State Grid and China Southern Power Grid for the construction of a new power grid. In the first half of the year, the fixed asset investment of the State Grid exceeded 310 billion yuan, an increase of 12.6% over the previous year.
Adjust the section
Sectors such as Coke II, kitchen and bathroom appliances, small metals, and batteries had the highest declines, with Coke II falling 4.01%. Coke II surged 7.56% on the previous trading day, ranking first in Shenwan's second-tier industry growth list, leading the decline on the same day. The above directions all showed significant gains in the previous period. The decline on the same day was the highest, and the market showed clear sector rotation.