Although most investors are looking forward to the rebound after the continuous decline of a shares, the decline of weighted index stocks finally made the stock index appear three consecutive negative after new year’s day. As of Thursday’s closing, the Shanghai Composite Index closed at 3596.08 points, down 0.25%; Shenzhen composite index reported 14429.5 points, down 0.66%; Gem index reported 3127.48 points, down 1.08%. The volume of the two markets decreased significantly throughout the day, with 474.3 billion yuan in Shanghai and 662.4 billion yuan in Shenzhen.
The disk shows that there are clear differences in the whole day plate. The concept of traditional Chinese medicine and lithium extraction from Salt Lake, which fell sharply on Tuesday, rebounded hand in hand, but the meta universe and aerospace plate, as an emerging concept, continued to decline. In this situation, due to the large weight of the aerospace sector, and at the same time, Contemporary Amperex Technology Co.Limited(300750) continued to weaken, which dragged down the gem index, and finally achieved three consecutive declines after new year’s day.
However, looking at the disk, it is not difficult to find that most popular stocks have rebounded, such as traditional Chinese medicine benefiting from the rise in the price of raw materials, such as new materials in hand with new energy. This also shows that after continuous decline, the willingness of individual stocks to rebound has been relatively strong. At the same time, it should also be noted that at this stage, the gem index often goes ahead of the main board stock index. After this continuous decline, the gem index has been fully adjusted, and even broke through the support of the 60 day moving average for two consecutive days. From the current market point of view, people in the industry can only regard the decline as a correction rather than a turn. Therefore, if the market trend does not change, the gem should at least have a recovery process to correct the oversold technology caused by the excessive decline.
The news and expectation that the Federal Reserve will raise interest rates have attracted investors’ attention recently. From the traditional experience and cognition, the US dollar interest rate hike will often form a direct negative impact on US stocks and a shares. However, industry insiders pointed out that the stability of the current A-share market is not what it used to be. At the same time, due to the stable operation of China’s economy under the epidemic, even if the US dollar increases interest rates, the negative impact on A-shares is also limited. As for the continuous decline this time, more is the market adjustment caused by the excessive cumulative increase and rapid increase of mainstream sectors such as new energy. Investors should treat it with a normal mind.
Among the 130 listed Hunan shares, 78 ended up on Wednesday, and a total of 5 Hunan shares closed at the limit, including Hunan Oil Pump Co.Ltd(603319) , Hunan Corun New Energy Co.Ltd(600478) , Hunan Hualian China Industry Co.Ltd(001216) , Zhuzhou Qianjin Pharmaceutical Co.Ltd(600479) , Bichamp Cutting Technology(Hunan) Co.Ltd(002843) . Except for Zhuzhou Qianjin Pharmaceutical Co.Ltd(600479) , the above-mentioned Hunan stocks basically belong to those who show signs of turning in the super bottom or the bottom formed for a long time. Among them, Hunan Oil Pump Co.Ltd(603319) and Hunan Corun New Energy Co.Ltd(600478) are mainly related to traditional fuel vehicles or oil electric hybrid vehicles. Their trading limit may be related to market rumors such as new energy subsidies, while Hunan Hualian China Industry Co.Ltd(001216) as a secondary new share rebounds strongly based on adjustment in place. The rise of Zhuzhou Qianjin Pharmaceutical Co.Ltd(600479) originally benefited from the rise in the price of medicinal materials, but judging from the rise on Thursday, it can reverse the sharp decline pattern on Wednesday and increase the limit in one fell swoop, and the energy in the meantime can not be underestimated. The most noteworthy is Bichamp Cutting Technology(Hunan) Co.Ltd(002843) . The stock has been sinking at the bottom for a long time, but with the company’s continuous new actions in business and investment business, the market has deepened its expectation of upward attack on the stock price. However, in operation, the stock fluctuates greatly, making investors who intend to intervene wait for the opportunity and act cautiously.
The continuous strong rise of Yueyang Xingchang Petro-Chemical Co.Ltd(000819) finally failed to escape the sharp decline trend. In view of the recent cumulative increase of the stock is too large, it is not recommended that investors venture to intervene again.
(Palm Changsha)
