On February 24, affected by external factors, the A-share market fell significantly. The turnover of Shanghai and Shenzhen stock markets exceeded 1.3 trillion yuan, a new high in nearly five months. Analysts said that the overall supporting factors of the market still exist, and the logic for the better remains unchanged. Under the interference of short-term sentiment, the market may still repeat, but after adjustment, it will usher in a good time for strategic allocation.
market value decreased by 1.74 trillion yuan
From the A-share market on the 24th, the national defense and military industry, petroleum and petrochemical sectors rose against the market trend, and the performance of precious metals sector was eye-catching. In terms of individual stocks, only 652 stocks rose in the two cities, of which 46 stocks rose by the limit; The number of falling stocks was 3950, and 35 stocks fell by the limit.
Among the shenwanyi industries, only the indexes of national defense and military industry and petroleum and petrochemical industry rose, with an increase of 1.41% and 1.29% respectively; All other industry indexes fell, with the media, computer and social service industries leading the decline, falling 4.34%, 4.01% and 3.62% respectively.
In the defense industry, Xi’An Tian He Defense Technology Co.Ltd(300397) rose by 20%, Jiangxi Xinyu Guoke Technology Co.Ltd(300722) rose by more than 15%, Xi’An Chenxi Aviation Technology Corp.Ltd(300581) , Bestway Marine & Energy Technology Co.Ltd(300008) rose by more than 10%.
In the petroleum and petrochemical industry, Landocean Energy Services Co.Ltd(300157) increased by 20% and Tong Petrotech Corp(300164) increased by more than 15%.
Precious metals sector performance was eye-catching, precious metals index rose 3.45%. Among them, Western Region Gold Co.Ltd(601069) , Hunan Gold Corporation Limited(002155) , Chenzhou City Jingui Silver Industry Co.Ltd(002716) rose by the limit, Zhongjin Gold Corp.Ltd(600489) rose by more than 8%, and Shandong Gold Mining Co.Ltd(600547) rose by more than 7%.
In addition, Kweichow Moutai Co.Ltd(600519) , Midea Group Co.Ltd(000333) , Jiangsu Hengrui Medicine Co.Ltd(600276) and other leading stocks hit new lows.
Data show that as of the closing of the 24th, the total market value of A-Shares was 91.38 trillion yuan, a decrease of 1.74 trillion yuan compared with the previous trading day.
Xia Fengguang, fund manager of private placement paipai.com, said that the geopolitical risk exceeded the consensus expectation of the previous market, so there were significant fluctuations in the global stock market, and the A-share market was no exception, but this was only the release of short-term panic.
the bottom area will accelerate the formation of
Data show that on the 24th, there was a net outflow of 3.358 billion yuan from the north, including 2.356 billion yuan from the Shanghai Stock connect and 1.002 billion yuan from the Shenzhen Stock connect. From the top ten active stocks of Shanghai Stock connect and Shenzhen Stock connect on the 24th, the stocks with the largest net outflow of funds from the north were Ping An Insurance (Group) Company Of China Ltd(601318) , Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , with a net outflow of 964 million yuan, 925 million yuan and 352 million yuan respectively; The stocks with the largest net inflow of funds from the north are Zijin Mining Group Company Limited(601899) , Sungrow Power Supply Co.Ltd(300274) , Ganfeng Lithium Co.Ltd(002460) , with net inflows of 748 million yuan, 426 million yuan and 287 million yuan respectively.
For the future trend of the A-share market, Xia Fengguang said that the decline caused by short-term emotional impact will accelerate the formation of the bottom area. In the medium and long term, geographical factors will increase the attraction of RMB assets, and foreign capital is expected to accelerate the inflow into the A-share market.
Western Securities Co.Ltd(002673) said that the geopolitical situation triggered panic in the global market and the global risk assets suffered a sharp decline. Looking forward to the future, the impact brought by geographical factors will be short-term, and the disturbance to the risk sentiment of A-Shares is expected to gradually converge. After repeatedly grinding the bottom, A-Shares have ushered in a good opportunity for layout.
AVIC Securities said that in the short term, geographical factors will lead to increased volatility in the global stock market, but historical experience shows that geographical factors usually do not have a long-term impact on the market and investors. With the improvement of global risk aversion, the recent trend of RMB exchange rate is strong, which reflects a certain risk aversion attribute and the confidence of overseas funds in Chinese assets. In addition, the stable growth policy environment and liquidity environment are still relatively favorable. Therefore, the decline of A-share market should be viewed rationally. The concentrated release of concerns in the short term is not expected to have a trend impact. It should not be killed blindly. A-share is expected to usher in the repair market.
