Today’s script is the opposite of yesterday’s. The ChiNext Index and Kechuang 50, which were the only two red indexes yesterday, became the only broad-based indexes that fell today, and all other indexes that fell yesterday turned red again today.
The SSE 50, which led the gains today, rose 0.69%, and the Shanghai Composite Index rose 0.60; among the declining dual-creation indexes, the Science and Technology 50 fell 0.24%, and the ChiNext Index fell 0.01%.
In the Shenwan primary industry index, the leading media rose 2.43%, agriculture, forestry, animal husbandry and fishery rose 1.53%, and transportation rose 1.42%. The leading decliners in non-ferrous metals fell 0.47%, pharmaceuticals and biology fell 0.34%, and electronics fell 0.31%.
Individual stocks rose more and fell less, with 3226 stocks rising and 1498 stocks falling, with a median increase of 0.39%.
Today, Northbound Funds has a net purchase of 1.568 billion in Shanghai Stock Connect and a net sale of 1.475 billion in Shenzhen Stock Connect. The two are basically hedged.
At the beginning of this year, there were 4,602 A-share stocks, 343 were newly listed, and only 43 were delisted. On average, 3 stocks need to be listed in almost 2 days, and 1 stock is delisted in an average of more than a week. Only gaining weight but not gaining weight is the biggest problem of A shares.
On the last trading day of this year, the underlying stocks of 466 convertible bonds rose by an average of 0.35%, while the average convertible bonds fell by 0.06%. Debt rose by only 0.29%. The only bright spot is that the small market value performed well today. In the end, I finally maintained this year’s positive income, although the increase was not much.
I just made a statistics on this year’s investment income in the group. As of 17:25, a total of 1612 people participated in the voting, of which 682 people made profits this year, accounting for 42.31%. In terms of categories, the largest number is convertible bonds, with a winning rate of 72.92%; followed by stocks, with a winning rate of 30.09%, and the lowest is fund investment, with a winning rate of only 10.24%.
The overall winning rate of 42.31% is definitely much higher than the average of the entire market. There are several reasons for such a high winning rate in this year’s bear market. Generally, those with poor grades are unwilling to participate in voting, and those with good grades are willing to participate, resulting in survivor bias; In this collection, the proportion of mainly investing in convertible bonds is very high, and convertible bonds have natural advantages in a bear market.
The results of this year once again tell everyone that convertible bonds are indeed a product that is particularly friendly to small investors. What is more noteworthy is that there are 67 convertible bond funds among public funds this year, according to the statistics of Tiantian Fund.com, and none of them are Positive returns, because today’s net value has not yet come out, it is conservatively estimated that the best-performing convertible bond fund will also lose 2.70% this year, and the worst may lose 29.30%. The reasons for this have been mentioned many times, so I won’t repeat them here. This further confirms Xiaosan’s own advantages in investing in convertible bonds.
Tomorrow, after the data is complete, I will make an annual summary and outlook for 2023.
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