On Wednesday, the three indexes were mixed. The Shanghai stock index opened higher and fell, rose higher and fell in the afternoon, but failed to turn red. The sector rose more or fell less, with traditional Chinese medicine, gas, Internet e-commerce and consumer electronics among the top gainers. Real estate development, automobile, port shipping and electric power led the decline.
As of the close, the Shanghai Composite Index closed at 3622.62 points, down 2.51 points, or 0.07%. The turnover is 432.5 billion. The Shenzhen Component Index closed at 14791.33 points, up 102.35 points, or 0.7%, with a turnover of 630 billion. The gem index closed at 3368.70 points, up 18.27 points, or 0.55%, with a turnover of 244.1 billion. In Shanghai and Shenzhen, 2379 stocks rose, 2159 fell, 98 rose and 12 fell.
Future outlook of Bairui:
On Wednesday, the index hit strong and Shanghai weak, and the differences between high-level stocks increased. The Shanghai stock exchange closed at 3622 points, down 0.07%, the gem index rose 0.55%, and the volume of the two markets could reach 1.06 trillion. The number of stocks rose or fell 51:49. Virtual digital people and traditional Chinese medicine were the strongest in the sector, and real estate and smart grid were the weakest in the sector.
Technically, at present, the Shanghai stock index is facing the back pressure of the transaction intensive area near 3650 and the support of the 3580-3600 range. If the short-term can not effectively break through the 3650 pressure zone, there is a high probability that there is a process of secondary downward exploration support. Therefore, in the short-term operation, we need to wait and see before the stabilization signal appears, waiting for the opportunities of low absorption and position increase after the second downward exploration.
Strategically, yesterday’s index was greatly overdrawn by real estate and brokerage banks. Today’s index is depressed and fluctuated in a narrow range. It shows that this position has the desire to build a bottom, but whether it can really form a bottom still needs time to observe. On the disk, demon stocks have been seriously differentiated, and the plate frying rate has increased significantly. Do not chase higher arbitrarily in operation, and beware of short-term fluctuation risk.
(Bairui wins)
