Market Overview
On Monday, the Shanghai and Shenzhen stock markets fluctuated sharply, led by non bank finance. The brokerage index once fell by more than 5%, and the Gf Securities Co.Ltd(000776) intraday limit was once set. China stock market news, a leading stock of Internet brokerage, once fell by more than 15% and its market value fell below the 300 billion mark. In the recent rumor of Contemporary Amperex Technology Co.Limited(300750) , the police refuted the rumor at the weekend. After opening on Monday, the share price of Contemporary Amperex Technology Co.Limited(300750) rebounded strongly, rising more than 4% and returning to 500 yuan. The rebound of Contemporary Amperex Technology Co.Limited(300750) pulled the whole new energy sector, and the lithium battery industry chain also rose, with Youngy Co.Ltd(002192) , Yongxing Special Materials Technology Co.Ltd(002756) , Tianqi Lithium Corporation(002466) rising.
In terms of the overall market, the style switching of the A-share market is more obvious, and the overvalued sector has entered the adjustment stage. Under the great uncertainty overseas and the downward pressure of China’s economy as a whole, the allocation cost performance of some overvalued track stocks is still low and prone to sharp fluctuations. We can pay attention to the defensive sector and the sector that is expected to have trend opportunities under the boost of the high boom.
