On Wednesday, the major indexes of A-Shares mainly rose, but the transaction further narrowed and the disk was quite dull. As of the close, the Shanghai Composite Index rose 0.57% to 3465.83 points. In addition, the Shenzhen Composite Index rose 0.59%, the gem composite index rose 0.55%, while the Kechuang 50 Index bucked the trend and fell 0.46%. The decline of Kechuang 50 index is related to the sharp decline of component stocks Beijing Roborock Technology Co.Ltd(688169) , 3Peak Incorporated(688536) , but in fact, most stocks in the whole Kechuang board rose.
Compared with the gem, the participation of retail investors in the sci-tech innovation board should be lower, while the capital increment of mainstream institutions such as funds is temporarily insufficient, which is reflected in the disk. Maybe the sci-tech innovation board is more affected, while the gem is less affected. When mainstream funds such as funds participate in the gem or science and innovation board, they usually take large market value varieties, so the component stock index is more vulnerable to the impact of fund incremental funds for the time being.
Tuesday’s adjusted infrastructure stocks made a comeback on Wednesday, the strongest variety of the day, and more than 10 stocks in the sector rose by the limit. In addition, the performance of the industrial mother machine sector is also relatively strong, and the relevant news constitutes obvious support for such stocks.
The performance of secondary new shares was also good. The rise of technology stocks that rose sharply the day before was blocked, and both rose and fell at the close. A small number of oil and gas industries, hotels, etc. fell.
The Bureau of statistics released the CPI data in January. Different from Europe and the United States, China, a large manufacturing country with well controlled epidemic, is difficult to generate price pressure related to damaged supply. At most, it is impacted by the rise in the price of imported raw materials. Therefore, most of the time, China’s price data will be relatively mild.
The market is generally dominated by shocks in the future. It is difficult to fall deeply with the support of liquidity, but there is also pressure to go up. One of the more important pressures is that the main force of institutions is either full of wait-and-see mood or temporarily powerless due to the damage of incremental funds.
Judging from the transaction volume of a shares, it has fallen for two consecutive days, which may confirm two things from the side: first, the operation of mainstream funds such as funds may be relatively negative due to insufficient incremental funds; Second, the market may be entering a “chaotic” state after experiencing the decline of new and old hot spots, that is, investors who “track belief has been overturned” may be confused about how to choose stocks in the future.
Recently, there are a lot of negative news about the fund, which is bound to affect the follow-up sales of active funds and ultimately affect the performance of the so-called track stocks.
The net outflow of funds from Beishang is 1.623 billion yuan, which has been net outflow every day since this week. In related markets, European and American stock markets rose overnight, and Hong Kong stocks also rose on Thursday. The rise of the stock market is related to the significant easing of the situation in Russia and Ukraine. The increased wait-and-see sentiment of funds going north is more or less related to the possible interest rate hike by the Federal Reserve next month.
In a volatile market, investors can still participate in the stock market, but only if they pay attention to two points: first, they should pay attention to the selection of blue chip varieties with low relative position and low institutional congestion; Second, select the varieties whose performance in the first quarter will improve the probability. Only in this way can we have the opportunity to obtain income under the condition of limited stock index fluctuation.
