Affected by the situation in Ukraine, the three major A-share indexes collectively opened low on February 24. The decline in early trading narrowed once, and the record index once turned red under the strength of cro and photovoltaic sectors. In the afternoon, the situation in Ukraine suddenly became tense, the Shanghai and Shenzhen stock markets fell, and there was a rapid downward trend after the resumption of trading in the afternoon.
By the closing on February 24, the Shanghai Composite Index fell 1.7% to 3429.96 points; The Kechuang 50 index fell 1.31% to 1214.99; The Shenzhen composite index fell 2.2% to 13252.24 points; The gem index fell 2.11% to 2783.9 points.
Wind statistics show that 653 companies in the two cities rose, 4021 fell and 45 were flat.
On February 24, the total turnover of Shanghai and Shenzhen stock markets was 1362.7 billion yuan, an increase of 321.8 billion yuan from 1040.9 billion yuan the previous trading day, a five-month high. Among them, the turnover of Shanghai stock market was 569.8 billion yuan, an increase of 154.2 billion yuan over 415.6 billion yuan on the previous trading day, and that of Shenzhen stock market was 792.9 billion yuan.
A total of 52 stocks in Shanghai and Shenzhen rose by more than 9%, and 82 stocks fell by more than 9%.
The total net outflow of northbound funds was 3.358 billion yuan on February 24. Among them, the net outflow of Shanghai Stock connect was 2.356 billion yuan and that of Shenzhen Stock connect was 1.002 billion yuan.
the military industry unit quickly rose in the afternoon
In terms of sectors, military stocks rose rapidly in the afternoon, Xi'An Tian He Defense Technology Co.Ltd(300397) (300397), Jiangxi Xinyu Guoke Technology Co.Ltd(300722) (300722), Xi'An Chenxi Aviation Technology Corp.Ltd(300581) (300581) and other stocks rose by more than 10%. Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd(300922) (300922), visualisation Technology (301213), Bestway Marine & Energy Technology Co.Ltd(300008) (300008), etc. rose by more than 8%.
Hedge funds poured into the gold and jewelry sector, Western Region Gold Co.Ltd(601069) (601069), Hunan Gold Corporation Limited(002155) (002155) rose by the limit, Mclon Jewellery Co.Ltd(300945) (300945), China National Gold Group Gold Jewellery Co.Ltd(600916) (600916), Zhongjin Gold Corp.Ltd(600489) (600489), Shandong Gold Mining Co.Ltd(600547) (600547), Shandong Humon Smelting Co.Ltd(002237) (002237) rose by more than 6%.
In depth adjustment of digital currency, Shenzhen Emperor Technology Company Limited(300546) (300546), Shenzhen Dvision Co.Ltd(300167) (300167), Chase Science Co.Ltd(300941) (300941), Shenzhen Ysstech Info-Tech Co.Ltd(300377) (300377), Qitian Technology Group Co.Ltd(300061) (300061) and other more than 10 stocks fell by more than 9%.
Liquor stocks led the decline, with Kweichow Moutai Co.Ltd(600519) (600519), Wuliangye Yibin Co.Ltd(000858) (000858) falling by more than 3%, and Hai Nan Yedao (Group) Co.Ltd(600238) (600238), Shanghai Bairun Investment Holding Group Co.Ltd(002568) (002568), Shede Spirits Co.Ltd(600702) (600702), Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) (000995), Jiugui Liquor Co.Ltd(000799) (000799), Sichuan Swellfun Co.Ltd(600779) (600779) falling by more than 4%.
be cautious about the fluctuation risk caused by market shock
Guotai Junan Securities Co.Ltd(601211) said that affected by the obvious recovery of risk aversion, the market fell in large volume today, and the turnover of Shanghai and Shenzhen stock markets exceeded trillion for the second consecutive trading day. The impact of the short-term situation in Russia and Ukraine on the Chinese market is very limited. There is no need to panic excessively. After the release of bad factors, the market is expected to regain its upward trend. Therefore, in terms of operation, it is suggested that we can continue to lay out the theme direction of the two sessions to be held in early March on bargain hunting, and pay attention to the eastern digital Western computing, new funds, digital related industrial chains and traditional large infrastructure projects.
For the recent market trend, Southwest Securities Co.Ltd(600369) believes that the current A-share valuation is at a historical low, and the adjustment range of the index fully reflects the fact that the early performance is lower than expected. The growth of the new year is opening, and the liquidity remains loose. It was originally in the pattern of tamping the bottom and rising gradually. However, there has been a relatively large decline at present. The main reason is the impact of the external factor of the situation in Ukraine. The agency believes that the current index is already in the bottom area. The low point of the index in the early stage is a very cost-effective position. In the current position, the valuation of many growth track targets in 2022 and 2023 has dropped to about 20 times or even lower, but the growth rate is still high and has high cost performance.
Guosheng Securities believes that after the high opening of the post holiday market, the restorative rebound has been opened continuously. After the stabilization of the Shanghai index, it has stepped back on the solid low-level foundation for many times, which can actively track the low absorption opportunities of individual stocks in sectors with high attention to market funds. On the whole, under the general stable tone of market liquidity, we can actively pay attention to the current hot digital economy and infrastructure related stock opportunities in the market. In terms of operation, with the continuation of the market rebound after the festival, the market may open new cycle opportunities for new themes, bargain hunting and grasp the stocks with obvious reversal expectations of performance. At the same time, it is also necessary to be cautious about the fluctuation risk caused by market shock and catch up with the high carefully.
