Market Overview
On Thursday, the market continued the recent downturn, the market sentiment was extremely poor, and individual stocks fell again. In the context of the rise and fall of the periphery and the Fed’s interest rate hike slightly higher than expected, A-Shares fluctuated downward after opening low, and rebounded slightly in the session, but it was not enough to recover the decline. After the Citic Securities Company Limited(600030) rights issue opened, the market of Baijiu was falling, and the liquor sector with good policies was also going higher and lower. The northward capital outflow has reached a recent high.
The market is in full decline, and the profit-making effect is very poor. At present, the market is in urgent need of repair. After new year’s day, the market repeatedly fell below the important support level, and the trend of the gem was worse. The decline range during the year was about 12%, and the stock index fell near 6%. The current market trend is difficult to analyze with technology, so we need to pay attention to the stabilization of the emotional side. The positive aspect is that the sound of stability has increased recently, and institutions have increased their holdings of their own funds, which is a good signal for the current market. On the whole, opportunities fall out and risks rise out. We still need to keep our concentration and look for certain opportunities in uncertainty.
