On March 8, A-Shares fell again in the late trading. As of the closing, the Shanghai index fell 2.35%, the Shenzhen composite index fell 2.62% and the gem index fell 1.80%. Only more than 400 stocks rose in two markets. Nearly 100 stocks fell by 10% or more. The turnover of the two cities exceeded 1 trillion yuan for the fourth consecutive trading day.
In terms of sectors, A-share nickel related stocks rose sharply, Pengxin International Mining Co.Ltd(600490) limit, Hunan Corun New Energy Co.Ltd(600478) , Gem Co.Ltd(002340) , Inner Mongolia Xingye Mining Co.Ltd(000426) and other stocks rose. On the news side, the short squeeze market continued to perform, and LME nickel exceeded $100000 at the highest in the day.
The concept of counting from the east to the West led the rise, Leon Technology Co.Ltd(300603) 20% limit, Zhengzhou Tiamaes Technology Co.Ltd(300807) more than 15%, Zjbc Information Technology Co.Ltd(000889) limit, Nanxing Machinery Co.Ltd(002757) , Xinjiang Sailing Information Technology Co.Ltd(300588) , Beijing Dataway Horizon Co.Ltd(301169) and so on. On March 7, Lin nianxiu, deputy director of the national development and Reform Commission, said at the press conference that we should speed up the construction of 10 national data center clusters and steadily and orderly promote the construction of national new Internet switching centers and national Internet backbone direct connection points.
Kweichow Moutai Co.Ltd(600519) soared by more than 2% to 175320 yuan. The company disclosed monthly data for the first time yesterday, and its revenue and net profit increased by 20% year-on-year in the first two months of this year.
Andon Health Co.Ltd(002432) fell by the limit, with a turnover of 3.061 billion yuan and 24653 orders.
In addition, coal, education, military industry, covid-19 treatment and assisted reproduction decreased one after another.
According to wind data, the net sales of northbound funds throughout the day were 8.699 billion yuan, including 3.151 billion yuan for Shanghai Stock connect and 5.548 billion yuan for Shenzhen Stock connect.
[institutional perspective]
Guotai Junan Securities Co.Ltd(601211) : on the whole, the trading needs to be cautious, because the index still has the risk of downward exploration and individual stocks also have the risk of making up the decline. We should not blindly covet cheapness, because there is often a low point below the low point. It is also safer to see the bottom structure and then make up positions for self rescue. Among the weak, you can pay attention to the heat of the uncertainty of the prosperity of the middle line industry, such as oil and gas equipment and services, new energy, green power and so on.
Aijian Securities: although the stock index fluctuated repeatedly after the festival, it was always lack of sustainability, investors’ confidence in participation was weak, coupled with the intensification of tensions between Russia and Ukraine, the market risk aversion increased sharply, while the popular track sector leading the popularity in the early stage reappeared and adjusted, the market long power weakened as a whole, and the stock index fell below all averages, Investors’ willingness to participate decreased significantly. Therefore, it is expected that the short-term stock index may continue the weak adjustment to seek market support, pay close attention to the trend of gem index, pay more attention to individual stocks than index, strictly control positions and select individual stocks.
