Market Overview
On Friday, the market was finally stronger than the external market, but the process was turbulent. After the low opening in the morning, the market fluctuated upward, but it didn’t last long. Then it launched a deep correction and fell below the opening low. In the afternoon, driven by covid-19 detection, medicine, securities companies and construction machinery, the market rebounded strongly, and the rebound range of main indexes was close to 3%. In terms of sectors, covid-19 detection and biomedicine are the most concerned by funds. Guangzhou Wondfo Biotech Co.Ltd(300482) has raised the limit of “20cm” for two consecutive days, igniting the enthusiasm of covid-19 detection to do more; The gradual rebound of securities companies in the afternoon is more symbolic and plays a greater role in driving the market; The overall performance of the cycle sector is general, and the steel and electric power are weak as a whole. The recent large outflow of northward funds should also attract attention.
Within a week, the market staged two deep V reversals and a strong rebound. This week, the market transmitted more information, which deserves special attention. First of all, the market closed the long shadow line on Wednesday and did not fall below the previous low on Thursday. It continued to explore and recover on Friday, and the market is expected to complete the second bottom exploration; Secondly, different from Wednesday, the rebound on Friday was initiated by securities companies and showed a certain sustainability, indicating that the capital layout is redundant and the main force supports the market, and the sustainability should be paid attention to in the follow-up; Third, on Friday, most sectors ushered in a bottom recovery, and the performance of leading stocks was strong, indicating that the capital is in a calm layout. To sum up, we should pay attention to the second bottom of the market and the sustainability of popular securities companies.
