Outlook:
On Monday, the market continued to fluctuate and fall, the major indexes generally closed at a long negative line, and the Shanghai index fell below 3400 points, showing a sluggish performance. In the morning, affected by the weakness of the periphery, the three major indexes opened lower collectively, led by the gem, and the Shanghai index also fell to the vicinity of 3400. The selling pressure further increased in the afternoon. The Shanghai index fell below the integer level and further explored downward, approaching the early low point. It pulled back slightly in the end, and finally closed out the long negative line, falling below 3400. The gem index fell by more than 4%. The individual stock sector almost pulled back across the board, and only the comprehensive and architectural decoration were relatively resistant to decline; Food and beverage, electronics, household appliances, transportation, power equipment, computers and other sectors led the decline. In terms of market environment, the government work report of the two sessions made it clear that this year's GDP growth target was 5.5%, and the expectation of steady economic growth continued to strengthen; In addition, the foreign trade data released by the customs showed that China's exports increased by 13.6% and imports increased by 12.9% in the first two months of this year, maintaining a good momentum on the whole. However, under the influence of intensified fluctuations in peripheral markets, continued rise in bulk commodities and geopolitical factors, there was also a net outflow of more than 8 billion yuan of northward funds on Monday, which suppressed market confidence and capital. From the technical point of view, the Shanghai stock index continued to adjust the trend, the release of market selling pressure was obvious, the market sentiment was low, the technical trend was weak, and the index returned to the level near the early low. From the perspective of the future market, considering the increased volatility of the peripheral market and the weak market confidence, the short-term market is expected to be low or still repeated, waiting for the market to gradually stabilize, and pay attention to the supporting role of the low point before the Shanghai index and the change of volume and energy. In terms of operation, it is recommended to pay attention to finance, building materials, steel, electrical equipment, TMT and other industries.
