A-shares explode again! Margin trading remains active! Brokerages and consumer sectors lead the rise! Market style switch?

Liquidity Observation Observation On November 7, 2024, the market opened low and rose throughout the day, with the ChiNext Index leading the gains. The total trading volume of the Shanghai and Shenzhen stock markets was CNY 2.51 trillion, a decrease of CNY 57.8 billion compared to the previous trading day. Overall, more stocks rose than fell, with over 4,500 stocks in the market increasing, and nearly 200 stocks hitting the daily limit. In terms of sectors, liquor, insurance, food, and securities sectors saw the largest gains, while precious metals, military industry, humanoid robots, and flying cars experienced the largest declines. By the close, the Shanghai Composite Index rose by 2.57%, the Shenzhen Component Index rose by 2.44%, and the ChiNext Index rose by 3.75%. With overseas disturbances settling, significant domestic meetings and related policies are about to be unveiled, leading to a shift in market style, with heavyweight sectors starting to gain momentum. Real estate and consumer sectors, related to domestic demand stimulation, surged. Meanwhile, the optimistic market sentiment further catalyzed the rise of large financial sectors such as brokerages. The market is still in a phase of "ample liquidity, fundamentals pending continuous verification, and strong policy expectations," with attention on the scale and focus of subsequent fiscal policies. Index and Sector Performance On November 7, the Shanghai Composite Index rose by 2.57%, closing at 3,470.66 points, with a trading volume of CNY 1,048.841 billion. The Shenzhen Component Index rose by 2.44%, closing at 11,235.92 points, with a trading volume of CNY 1,456.236 billion. The total trading volume of the two markets was CNY 2,505.077 billion, a change of -2.25% compared to the previous trading day. The CSI 300 rose by 3.02%, the ChiNext Index rose by 3.75%, and the CSI 1000 rose by 1.76%. In terms of sectors, the relatively strong industry indices included: Fisheries (12.06%), Securities II (7.88%), Non-liquor (7.07%), Liquor II (6.60%), and Insurance II (6.34%). The relatively weak industry indices included: Precious Metals (-3.19%), Aviation Equipment II (-2.90%), Professional Chains II (-1.86%), Photovoltaic Equipment (-1.79%), and Ground Armaments II (-1.41%). Margin Financing Overview As of November 6, the margin financing balance of the two markets was CNY 1,748.824 billion, a change of 1.30% compared to the previous trading day; the margin short balance was CNY 10.259 billion, a change of 1.91% compared to before. Hot Stock Scan On November 7th, the number of rising stocks in the A-share market was 4,528, accounting for 84.40%; the number of declining stocks was 791, accounting for 14.74%. There were 233 stocks hitting the daily limit up, while the number of stocks hitting the daily limit down reached 10. Among the stocks that hit the daily limit up, *ST Zhongrun has been limit up for 18 consecutive days, with concepts involving change of control + ST sector + gold + exports. ST Jiayou followed closely, with 14 consecutive days of limit up, belonging to the concepts of ST sector + over 270 million shares held by the actual controller to be auctioned + condiments. Sinochem Geotech had 11 days of limit up, with the company involved in low-altitude economy + engineering services + data centers + Chengdu state-owned assets concept. ST Zhongzhuang, *ST Tongmai, and Huaying Technology also hit the limit up, leading the market upward. The above data source: iFinD