On Wednesday, the market continued to decline across the board, the record index reappeared the Long Yin line, fell below the annual line, and the Shanghai index continued to be weak, falling 3600 points. In terms of sectors, home appliances and banks led the increase, while aviation, semiconductors and components continued to decline. Technically, the record index is obviously oversold, and the hourly stabilization signal has not yet appeared. However, considering that the weekly decline has been close to 5%, it is expected that the probability of continuous decline is small.
Zou Wuyue (practice certificate No.: s0490616100025), chief investment adviser of Hunan Branch, said that on the news side, the Federal Reserve announced the minutes of the heavyweight meeting, which was more "hawkish" than before, suggesting that the process of raising interest rates and shrinking tables may be faster, and the US NASDAQ index fell by more than 3%; The head enterprise of municipal solid waste incineration Zhejiang Weiming Environment Protection Co.Ltd(603568) (603568) plans to invest RMB 1.739 billion in Indonesia's high nickel matte project; On the evening of the 4th, China Mobile announced that it planned to repurchase no more than 2.048 billion Hong Kong shares and cancel them.
In terms of institutional perspective, Everbright Securities Company Limited(601788) believes that the epidemic situation in December is still disturbed, but it is mainly concentrated in Xi'an and Zhejiang. The relevant indicators of the above cities account for 4.5% of the national social zero and 5.1% of the fixed investment respectively in 2020. The impact of the epidemic situation in other parts of the country is weaker than that in November. In terms of domestic demand, the recovery of manufacturing industry continued and the downward speed of real estate investment slowed down. However, due to the cold weather and the approaching of the two festivals, the rebound of infrastructure was weak, and the momentum of consumption was slightly disturbed by the epidemic. In terms of external demand, driven by the overseas Christmas consumption season, the foreign trade throughput of major ports performed well in December, and the export performance is expected to continue to shine and remain strong. Overall, in December, fixed investment (cumulative), consumption (single month) and export (single month) were 4.8%, 3.9% and 22% respectively.
On the whole, the Shanghai index fell 3600 points on Wednesday, and the short-term market sentiment is relatively pessimistic. The 5-day moving average continues to suppress all indexes. Stable investors can continue to wait patiently for the market to stabilize. The above suggestions are for reference only. There are risks in the market and investment should be cautious.
(Palm Changsha)
