The greater the hope, the greater the disappointment.
Today, the Shanghai and Shenzhen stock markets opened high and went low, showing a roller coaster shape in the session. Although many stocks rose, but! But! The decline in the index was not small.
Today, the Shanghai Stock Exchange fell 0.97%, the Shenzhen composite index fell 0.53%, and the gem barely turned red, up 0.07%. To be honest, this trend is still not acceptable to everyone. After all, this is the last trading day before the new year. It is indeed disappointing that it has walked out of the trend of opening high and going low.
Why did this trend take shape today? The main reason lies in the inaction of the main force, and the market has no direction. The performance of the main force’s inaction is the trading volume. First, today’s trading volume is only 810 billion, which is quite similar to that of the previous few days. The stock market is still driven by trading volume. Without volume, everything is empty talk. This is the truth that the water skin says that the quantity comes before the price. From the perspective of trading volume, recently, the organization has been Ma fangnanshan’s inaction and celebrated the new year ahead of schedule. In this case, the index can only be a free fall.
On the other hand, the sectors in front of today’s decline list include energy, metals, coal, wine making, insurance, banking, steel, securities, including photovoltaic and semiconductor. In short, it is big finance plus track stocks. Big financial and track stocks normally do seesaw sports, but today they work together to appear in the front of the decline list. The index must not be good-looking.
Not to mention today’s “two bottles of wine” and “two barrels of oil” smashed the sector at the same time. Kweichow Moutai Co.Ltd(600519) today’s decline is nearly 4%, Wuliangye Yibin Co.Ltd(000858) better, but the decline is also about 2.5%. The most interesting thing is that PetroChina’s decline is as high as 4.2%. As we all know, the crude oil price in New York has reached $87 / barrel, and the oil price has been rising, but PetroChina has become the main force to smash the market, which shows that the market is really speechless. “Two bottles of wine” and “two barrels of oil” are smashing the sector, so it is very difficult for the index to go well.
Another symbol of general investors will be concerned about north direction, and today is also very suck. Today, the Shanghai Stock connect shed 8.3 billion and the Shenzhen Stock connect shed 4.1 billion, which is also a recent high.
Why will northbound funds continue to flow out in the near future?
On the one hand, it has a certain relationship with the entry adjustment of US stocks, and the whole fund will be considered as a whole. On the other hand, it may have something to do with the A-share Spring Festival holiday. If there is no trading for a long time, there will be a need for short-term trading funds to avoid risks. It’s hard to say. Will the horse gun be killed immediately after the Spring Festival?
Three days ago, when the stock market fell sharply, Dong Shaopeng published an article hoping to stand up the backbone of a shares. Some investors say they don’t know where the backbone of A-Shares is? If the A-share doesn’t even have a backbone, how can it stand up?
In the concept of shuipi, financial stocks are the backbone of a shares. Because financial stocks focus on several signs, the first is the large market blue chip, the second is the undervalued value, and the third is the beneficiary of loose capital. If there is still a structural market in 2022, these low-cost, large cap blue chips with investment value are the most promising. In other words, value investment is always timeless.
From the perspective of the bank’s current dividend rate, if we do not hold a speculative mentality, but just an investment mentality, the investment value of financial stocks is very obvious. Like the return of Industrial And Commercial Bank Of China Limited(601398) dividend, the return of dividend rate is more than 5%. If you are willing to save money in Industrial And Commercial Bank Of China Limited(601398) , and the return of large certificates of deposit in a year is less than 4%, why don’t you dare to hold Industrial And Commercial Bank Of China Limited(601398) shares in your current position? This doesn’t make sense. This is also an important reason why shuipi believes that the market has lost its sight, standard and value judgment.
Value investing may be late, but value investing should not be absent. If there is no value investment, then A-Shares will lose their backbone. However, it is not enough to rely on retail investors to stand up for value investment. We must also rely on institutions to make a difference.
Recently, the funds are repurchasing. According to a simple statistics, the head fund has subscribed more than 500 million funds out of its own pocket recently. These funds will arrive soon, followed by the financial guarantee that A-Shares can stand up in the later stage. In the final analysis, money is not everything, but you can’t do without money. Only when incremental funds enter the market, can A-Shares bottom out and rebound, bringing upward hope to everyone.
One sentence comment: the future is long.
