A shares rose generally on Tuesday. As of the close, the Shanghai Composite Index rose 0.50% to 3446.09 points. Other stock indexes rose even more, with the Shenzhen composite index up 1.35%, the gem composite index up 2.46% and the Kechuang 50 index up 2.88%. The main reason for the weak performance of the Shanghai index was the weakness of strong finance and infrastructure last week, while the track stocks represented by Contemporary Amperex Technology Co.Limited(300750) rebounded sharply last week and earlier.
The sharp rise of Contemporary Amperex Technology Co.Limited(300750) was one of the incentives for the stock market rebound, which closed up 3.74%. As this is the second consecutive day of significant rebound of the stock, it constitutes a relatively obvious support for the gem and related stocks. CXO and other pharmaceutical stocks, which have fallen sharply in recent days, also rose sharply, and the so-called “Gran series” varieties performed well.
There is a seesaw effect in the market, and the strength often switches. When the above track stocks change from the recent decline to a significant rebound, the tourism, hotel, cycle, infrastructure and other sectors that performed well not long ago fell. Also, the strong Bing dwen dwen stocks have been down in recent days, leading variety Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) has been down.
Northbound funds are more cautious. On Tuesday, it sold a net 3.544 billion yuan, which is its second consecutive trading day of net outflow. In related markets, US stocks continued to decline overnight, but the decline rate slowed down significantly.
Contemporary Amperex Technology Co.Limited(300750) rose for two consecutive days. Ningde reported the “rumor” to the public security bureau last weekend, which was certainly good. The stock rose significantly on Monday. By Monday, the news about the obviously favorable research situation of Contemporary Amperex Technology Co.Limited(300750) reception institutions can be seen everywhere on the Internet. This is also the reason why the stock price continued to rise significantly on Tuesday.
Although Ningde benefits more, I think investors should see more and move less. If you are interested in this stock, it’s better to try again when the news is calm. When the news of individual stocks is too frequent, the internal operation rhythm or technical characteristics of individual stocks will be disturbed, and it will be more difficult for investors to judge in operation.
In the future, I still hold the previous view, that is, I think the opportunities of the stock market in the first half of the year will be significantly greater than the risks, that is, I still suggest investors to actively layout. On the issue of stock selection, I think at this stage, investors do not have to stick to new or old hot spots, and it is best to select stocks from bottom to top. On this point, I also said yesterday to the effect that “although infrastructure stocks are good, they may return after rising, and investors should not rush; although technology stocks have bad valuations, they also have rising opportunities after falling”. I didn’t expect that the stock market happened to go like this just now.
Regardless of the new track or the old track, since there are mainstream funds, there are certainly some reasons on the fundamentals. At most, when the institutions hold together too much, they are prone to reverse operation due to transaction congestion, but it does not mean that there is no optimistic logic when the track stocks fall again and again. Of course, there must be some logic deterioration varieties in track stocks, but this is only a very few, and most companies are relatively stable in fundamentals. Therefore, for track stocks, investors can identify them with snacks in actual operation, and should not give up eating because of choking.
In the medium and long term, the market will continue to mature. After several years of clubbing between new and old tracks and sharp declines successively, the market probability will change. I think the most likely change is that the clutching rate of new track stocks will be weaker in the future. Understanding this truth should have practical significance. For example, if investors buy future track stocks, it is better to lower their expectations when looking at the high.
