The three major A-share indexes staged a "deep V" trend today. The Shanghai index once fell by more than 4% and closed down 1.13%; The Shenzhen Component Index fell more than 5% and closed down 1.12%, while the gem index fell more than 4% and closed down 0.63%. On the disk, the shock of green power concept stocks strengthened, three child related concept stocks continued to fall, the concept of counting East and West was active against the market, and several stocks rose by more than 10%. In terms of sectors, coal, semiconductor, electric power and other sectors led the increase, while education, real estate, oil and gas and other sectors led the decline. Overall, individual stocks rose less and fell more today, with more than 3500 stocks in the two cities falling. In terms of northbound funds, the net sales throughout the day were 10.934 billion yuan, including 5.282 billion yuan for Shanghai Stock connect and 5.652 billion yuan for Shenzhen Stock connect
analysis and interpretation
Global market turmoil, A-Shares show five positive signals
Affected by the external environment, A-Shares continued to fall recently, with the Shanghai index falling 3300 points and the gem index falling 2600 points, both reaching a 16 month low.
Analysts pointed out that due to geopolitical factors, commodity prices represented by crude oil and nickel metals continued to soar, market concerns about commodity supply chain security intensified, and global stagflation expectations rose significantly. In this context, the obvious downward trend of market risk appetite may be the main reason for market adjustment.
However, with the change of the situation, there are five positive signals in the market: first, Kweichow Moutai Co.Ltd(600519) reported two-month performance for the first time, exceeding market expectations; Second, the phenomenon of fund bottom reading appeared in the session; Third, under the background of the rising US dollar index, the performance of RMB is strong; Fourth, the peripheral markets showed a strong willingness to rebound; Fifth, e fund announced that e fund blue chip selection fund and e fund high-quality selection fund adjusted the limit of large subscription and large conversion transfer in, from the previous 10000 yuan to 50000 yuan.
market turbulence
Affected by geopolitical factors, the commodity market and financial market fluctuated violently. Crude oil continued to rise sharply, with oil distribution exceeding US $130 / barrel. In the past two weeks, the European Stoxx 50 index fell nearly 11%, the Shanghai stock index fell nearly 5%, and the US S & P 500 index fell more than 3%. Nickel prices rose by 250% in the past two days, breaking $100000 per ton, a record high.
China International Capital Corporation Limited(601995) pointed out that considering Russia and Ukraine are important suppliers of some commodities, before the geographical situation is relatively clear, the market is worried that the supply risk may further evolve. While raising the price of sectorau materials, it also casts a shadow on the total demand and raises the risk of stagflation.
five positive signals appear
In the face of sharp market fluctuations, there is no need to be too pessimistic. From the perspective of market, there have been at least five positive signals.
First, Kweichow Moutai Co.Ltd(600519) released the first monthly operating data. In 2022 1~2, the company's revenue and net profit both increased by 20%, exceeding the market expectation, and the consumer sector's confidence was re ignited. Baijiu sector was strong.
Secondly, there were several pulse quotes in the stock market of securities companies Li Jun, a senior investment consultant, said that the market sentiment of securities companies means that there is a pulse in the market. From the previous market point of view, there will be a more resolute rise later, so as to repair the market sentiment.
Third, although the US dollar index once exceeded the 99 mark, the RMB exchange rate is very strong. The onshore RMB closed at 6.3141 against the US dollar, up 42 basis points from the previous trading day. The trend of offshore RMB is also quite strong. This means that peripheral funds are still flowing into RMB assets.
Fourth, the collective decline of peripheral commodity futures and the counterattack of the equity market across the board. Europe's Stoxx 50 index and France's CAC40 index rose more than 1% during the session, and the US stock futures index also rebounded.
Fifth, e fund announced that e fund blue chip selection fund and e fund high-quality selection fund will adjust the limit of large amount subscription and large amount conversion into business in all sales institutions from March 9, from the previous 10000 yuan to 50000 yuan.
Li Xinjun also revealed that the decline of the stock market is also affected by the trading level, but it is not as serious as the rumor of redemption pressure. The market sentiment is close to the freezing point, the number of individual stocks falling by the limit has increased significantly, and there was a panic in the afternoon, which is a signal that the adjustment is coming to an end. (source: Securities Times)
