20231020-宏信证券-一周市场回顾_7页_825kb

Market Summary: Week of October 9-13, 2023

Overview

This report analyzes the A-share and Hong Kong Stock Connect markets for the week ending October 13, 2023, showing significant declines across most indices and sectors, with reduced trading volumes and continued net outflows in stock connect transactions.

A-Share Market

• Index Performance: The Shanghai Composite Index下跌401%, Shenzhen Component下跌495%, and the CSI 300 Index下跌417%. Growth-oriented indices like the CSI 1000 Index were hit hardest, with下跌506%. Value-oriented indices also saw substantial losses.
• Trading Activity: Average daily A-share trading volume decreased by 40.7% to 772.442 billion yuan, lower than the previous week.
• Sector Performance: Communication (-735%), Pharmaceutical (-688%), Computer (-624%), Electronics (-592%), and Media (-587%) were the worst performers.

Hong Kong Stock Connect (Stock Connect)

• Shanghai-Hong Kong Stock Connect: Average daily transactions increased by 770% to 48.32 billion yuan, with higher net outflows of 26.62 billion yuan compared to the previous week.
• Shenzhen-Hong Kong Stock Connect: Average daily transactions rose by 523% to 55.98 billion yuan, with net outflows increasing by 867 million yuan.

Other Key Indicators

• The CSI 500 Index achieved an overall PEG (TTM) of 18, indicating valuation trends.
• The Shanghai-Hengsha Index showed a slight increase of 15.8 points to 1466.8 by October 20, 2023, but net inflows across Stock Connect channels remained negative.