On Tuesday, A-Shares continued to fall, and the major stock indexes fell almost the same, mostly down more than 2%, of which the Shanghai Composite Index fell 2.35% to 329353 points. The net outflow of funds from Beishang was 8.7 billion yuan.
And A-Shares are not so much falling with US stocks as following the trend of global stock markets. As far as the current global stock market is concerned, it is affected by the situation in Russia and Ukraine. Europe has a greater decline due to its close location, while US stocks have a relatively better inflow of risk averse funds.
In the morning trading, A-Shares once performed fairly well, because Kweichow Moutai Co.Ltd(600519) , China Tourism Group Duty Free Corporation Limited(601888) and others launched counter attacks, but it didn’t take long for the selling pressure to emerge, and finally closed close close to the lowest point of the whole day Kweichow Moutai Co.Ltd(600519) jumped 3.10% in early trading, rose to 4.67% in intraday trading, and was unable to continue rising. Finally, it rose 2.71% to 175320 yuan at the closing. As for China Tourism Group Duty Free Corporation Limited(601888) , it almost spit out the increase in the end.
There are reasons why market sentiment is difficult to recover. First, there is no significant result in the third round of short judgment between Russia and Ukraine. Second, Maotai rose, which is only related to the good of special stocks Kweichow Moutai Co.Ltd(600519) , China Tourism Group Duty Free Corporation Limited(601888) have announced good news. Although the above news itself is good, it can not promote other stocks or the market.
Nickel related stocks in eastern and western accounting and non-ferrous metals are one of the few strong varieties, but this may also be related to the news, which does not significantly promote the trend of the market.
On the whole, except for the strong varieties of sudden good news such as Maotai, most of them were weak this week. At the same time, the performance of individual theme stocks is OK, and even produce some profit-making effects. In addition, although chip stocks are weak on the whole, they also have a strong rebound in some days, including Tuesday.
Investors may wish to take a look at the fund heavy position index. In my opinion, the above weak performance of the market may be that the strength of the fund is much lower than before. The overall volume of the fund is still huge, and the problem should be the incremental funds, that is, the growth rate of newly raised funds has slowed down, which will first be reflected in the track stocks preferred by the fund. Although fundamentals are the main support for the stock trend, no one can deny the huge driving role of funds in the medium and short term.
Stock valuation has a subjective component, which is how many times the P / E ratio, P / L ratio and P / B ratio are given. Obviously, if the institutions that prefer such stocks have a lot of money, they can give relatively higher values, and when the money is small, they can only reduce some values.
When looking at the market, investors should see the above “decline in the voice of the fund” factors, and may have to make some adjustments in countermeasures. For example, when bargain hunting, they might as well set the target lower, and be wary of irrational follow-up.
The varieties in which the fund does not participate are not really safe, and we should also pay attention to risks. This should be particularly borne in mind when a comprehensive registration system will be implemented in the future.
After paying attention to the above details, the general policy of operation cannot be changed, that is, it should still focus on performance and growth. Our investors should have more equity thinking and less game thinking. Earning money from the company’s operation is the long-term way. Although game thinking can also exist, remember that it is only auxiliary and should not be relied on too much.
