The Policy Is Good And The Bull Market Is Expected To Become Stronger.

The first trading day of October,

High jump in early morning.

The Shanghai composite index opened slightly at 2368.58 points, and began to move steadily upward after a slight oscillation.

In the end, the Shanghai Composite Index closed at the highest point of 2382.79 points, up 18.92 points from the last trading day before the holiday, or 0.80%.

The Shenzhen Stock Exchange Index, which was significantly affected by real estate stocks, was stronger and ended at 8183.65 points, up 103.30 points, or 1.28%.

The total turnover of the two cities is about 390 billion yuan, which is significantly larger than the about 340000000000 yuan of the previous trading day.

On the same day, small and medium capitalization stocks also rose all the way, the SME board index closed up 1.11%, and the gem index closed up 1.08%.

It is one of the more noticeable plates of the day.

On the news side, the central bank and the China Banking Regulatory Commission jointly issued a document to modify the criteria for the first suite. The first suite of loans has been settled and the purchase is regarded as the first suite.

Meanwhile, regulators reiterated the minimum mortgage interest rate policy of 30 percent off.

Real estate stocks rose today, thanks to the good news.

The military sector is rising again, with an overall increase of over 4%.

Pharmaceutical and biological stocks soared.

Gold, liquor, coal and other industry sectors are relatively weak, ranking the top of the decline.

In the two cities, nearly 1800 stocks in A shares rose, far more than the decline.

More than 50 stocks in two cities were closed at the 10% daily limit.

From May to September this year, the Shanghai composite index recovered for 5 consecutive months, and the market confidence gradually recovered, and the bull market expectations were also stronger.

An important reason comes from the activation of reform measures, and the market is more optimistic about policy expectations.

With the steady progress of various reform measures, the Shanghai and Hong Kong links have entered the sprint period, and the reform of state-owned enterprises has been launched in an all-round way. The cumulative effect of the reform measures in the capital market has begun to show, and the market vitality has been significantly enhanced.

At the same time, after the introduction of the policy measures to reduce the financing cost, the market liquidity is relatively ample, the risk-free interest rate has dropped, the stock market attractiveness appears, and the incremental capital has intervened.

In the medium and short term, the policy will seek a balance between steady growth and promoting reform, which will strengthen investors' expectation of institutional dividends.

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Look, the National Bureau of Statistics recently released data show that in September, China's official Manufacturing Purchasing Managers Index (PMI) was unchanged from 51.1 in August.

HSBC's China manufacturing PMI, which was announced in September, is also flat at the end of August. It is still the lowest value since June this year, 50.2.

In terms of services, the National Bureau of statistics and the China Federation of logistics and purchasing jointly released data showing that in September, China's non manufacturing business activity index was 54, the lowest in 8 months, but still 4 percentage points higher than the ups and downs.

Although macroeconomic data are not very satisfactory, there are market participants. From the market reaction in recent months, the impact of economic data on the stock market is relatively weakened. Deepening the reform and the impact of capital changes on the stock market are more important.

In addition, listed companies will announce the three quarter business situation in October 10th.

More than half of the listed companies that had announced the first three quarter earnings reported "good news" because of their performance improvement or improvement.

The performance of Listed Companies in the three quarter will also affect the operation of the stock market in the near future.