Opening data
The Zhitong Finance App learned that on November 13, the Shanghai Index opened 0.08% higher to 365 8.72 points, the Shenzhen Index opened 0.34% higher to 11236.16 points, and the GEM Index opened 0.64% higher to 2525.39 points. Science Innovation 50 opened 1.56% to 1330.28 points.
As of 9:34, a total of 2,491 companies in the Shanghai and Shenzhen markets had risen, 2,783 were down, and 305 were flat.
The increase was highest: Huawei robot concept, AI computing power chip concept, supernode concept, semiconductors, energy metals, military electronics, etc.; the decline was highest: precious metals, liquor, games, AI video concepts, etc. (as of 9:34).
Market conditions
The three major indices collectively opened higher and fell simultaneously after opening. As of 9:34, the Shanghai Index reported 365 3.87 points, down 0.05%, from the opening price of 365 8.72 points and falling below the close of the previous trading day; the Shenzhen Index reported 11171.97 points, down 0.23%; the GEM Index reported 2496.20 points, down 0.53%, turning down 0.64%; and Science and Technology Innovation 50 reported 1327.08 points, up 1.32%, the only increase among the four. The increase narrowed after an intraday high of 1339.83 points.
Structurally, semiconductors, energy metals, military electronics, and home appliance components are at the top of the industry's gains. Concepts such as Huawei robots, hollow cup motors, AI computing power chips, supernodes, and SRAM are simultaneously active; precious metals, liquor, games, and AI video concepts have pulled back, and precious metals continued the leading decline direction from the previous trading day. Most of the losses were still below the individual stock level, with the number of gainers accounting for 44%, recovering from less than 20% of the previous trading day's gains; 13 individual stocks rose or stopped, and 4 fell to a halt. The turnover reading fluctuated greatly within a few minutes of opening and was not quoted.
Overnight quick facts
US stocks closed down on November 12: the Dow fell 0.36% to 52297.09 points, and the S&P 500 fell 0.35%. Nvidia's board of directors approved the resignation of Huang Renxun as president, CEO and director. Chief Financial Officer Kress served as interim CEO. The stock fell 4.34%. WTI crude rose 2.55% to $88.74.
The Securities Regulatory Commission has improved the market stabilization mechanism: On November 12, the relevant person in charge of the Securities Regulatory Commission stated at the Shanghai Stock Exchange International Investors Conference that they will make full use of the two structural monetary policy tools. Securities and fund companies have launched the third batch of 100 billion yuan of swap facilitation operations to support listed companies to increase their repurchases and holdings. Since the beginning of the year, net purchases of A-shares by medium- to long-term capital have exceeded 600 billion yuan.
The “15th Five-Year Plan” infrastructure blueprint is clear: According to news from the National Development and Reform Commission on November 12, the “15th Five-Year Plan” period will accelerate the construction of a modern infrastructure system, build about 15,000 kilometers of railways, strive to build 95% of the main framework for the country's integrated three-dimensional transportation network by 2030, and build 6 major circulation corridors for important commodities at the national level.
Trend analysis
The three major indices opened higher and then fell simultaneously. As of 9:34, the Shanghai Index, Shenzhen Index, and GEM Index had successively declined. Only Science Innovation 50 maintained a 1.32% increase; semiconductors, energy metals, Huawei robots, and AI computing power chip concepts bucked the trend, and precious metals and liquor weakened. Overnight, the three major US stock indices closed down slightly, and changes in Nvidia's management and rising oil prices formed two external clues; domestic market stabilization mechanisms continued to improve, and most institutions viewed the cashing out of domestic computing power capital expenditure as a structural main line, and IDC, connectors, and switches were seen to have achieved relatively fast results. The pressure of the Shanghai Index to settle at around 3,700 points has not been digested. In the short term, it may fluctuate between 3,650 points and 3,700 points. There are more structural opportunities than in the exponential space.