as of the closing on March 7, the Shanghai index fell 2.17%, the Shenzhen composite index fell 3.43% and the gem index fell 4.30%. Among them, the gem refers to the largest one-day decline since March 9, 202 7
sector: most sectors fell, with tourism, wine making, semiconductor and other sectors leading the decline; Covid-19 drugs, assisted reproduction and gold concept rose against the market
A shares fell sharply, “fund stocks” boarded the microblog hot search, “leek zero” and other ridicule expression packages swiped the screen again!
The gem fell by more than 4%, the largest one-day decline since March 9, 2021. The two giants with trillion market value Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) both fell sharply, falling by more than 7% and 4% respectively; Ning portfolio and Mao index also fell by more than 4%. Market analysts believe that the sharp decline is related to the squeeze of valuation.
The number of shares rose by more than 10, or more than 3800 in two marketsp align=”center” style=”text-align:left;”> “ningmao” both fell sharply
The two leading enterprises with trillion market value Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) , fell sharply together.
Trillion lithium battery giant Contemporary Amperex Technology Co.Limited(300750) plunged 7.5%, dragging down the gem index by more than 4%.
Ning portfolio also fell by 4.19%, and individual stocks such as Sanan Optoelectronics Co.Ltd(600703) , Topchoice Medical Co.Inc(600763) , Aier Eye Hospital Group Co.Ltd(300015) , Ecovacs Robotics Co.Ltd(603486) and others fell by more than 6%.
Kweichow Moutai Co.Ltd(600519) plummeted by 4.13%, reaching a new low in adjustment.
Mao index also fell 4.23%, and individual stocks such as China Tourism Group Duty Free Corporation Limited(601888) , Luzhou Laojiao Co.Ltd(000568) , Wuliangye Yibin Co.Ltd(000858) , Midea Group Co.Ltd(000333) , etc. fell sharply.
Guo Shiliang, an independent financial commentator, told reporters in the International Financial Daily that Moutai and Contemporary Amperex Technology Co.Limited(300750) fell sharply, which is related to the valuation squeeze. After all, the valuation of Moutai and Contemporary Amperex Technology Co.Limited(300750) is relatively high. In the process of squeezing the bubble, other white horse stocks and track stocks will fall, and the market is in a panic selling state.
“At present, the market is faced with the expectation of the Federal Reserve to raise interest rates, superimposed with geopolitical tensions, and the rapid release of market overvalued risk. For overvalued risk assets, there will be a process of accelerating the release of valuation pressure. However, the rapid release of valuation pressure from the sharp decline of the short-term market is not necessarily a bad thing, and the market valuation gradually returns to the area where the historical valuation is relatively reasonable.” Guo Shiliang saidp align=”center” style=”text-align:left;”> gold collective rise
The situation in Russia and Ukraine continued to ferment, risk aversion increased, and funds continued to flow into the precious metal sector.
The prices of major commodities in the world continued to soar. On March 7, spot gold in London broke through the $2000 / oz mark for the first time since August 2020.
Stimulated by the news, the A-share precious metal index rose nearly 2.6%, and the gold jewelry index rose more than 2% Pengxin International Mining Co.Ltd(600490) , Leysen Jewelry Inc(603900) limit Chifeng Jilong Gold Mining Co.Ltd(600988) rose by more than 7%, and individual stocks such as Shandong Gold Mining Co.Ltd(600547) , Hunan Gold Corporation Limited(002155) , Yintai Gold Co.Ltd(000975) , Zijin Mining Group Company Limited(601899) , etc. rose by more than 2%.
According to Xinhua news agency, US Secretary of state Blinken said in a CNN news program on 6 July that President Biden and government departments are discussing whether to impose oil embargo on Russia. The United States will coordinate with European allies and partners to ensure that the relevant measures do not affect the normal supply of international oil markets. p align=”center” style=”text-align:left;”> steady growth and clear overweight trend
Looking forward to the future, Citic Securities Company Limited(600030) believes that the positive objectives of the “two sessions” policy are clear, and the trend of steady growth is clear; The Russian Ukrainian incident accelerated the peak of inflation expectations. It is expected to see a turnaround in March. The “three bottoms” of the A-share market have been confirmed in turn. After the external impact is clear, it will usher in the resonance upward of value and growth.
Haitong Securities Company Limited(600837) said that the 2022 government work report proposed a growth target of about 5.5%, which means that the steady growth policy will continue to be promoted and the effect has been shown. The report takes into account structural adjustment and ensuring people’s livelihood. Scientific and technological innovation is the key to structural adjustment, and supporting the elderly and children is the focus of ensuring people’s livelihood. The market is expected to gradually become stronger with better growth style, such as photovoltaic wind power in low-carbon economy and cloud computing data center in digital economy.
