The bottom rebounded in early trading and fluctuated at a low level in the afternoon. 2970 companies in Shanghai and Shenzhen closed up, and the gem index fell 5.87% in three trading days.
Driven by the falling inertia and the sharp drop in the overnight peripheral market, the three major A-share indexes collectively jumped short and opened low on January 6. In the morning, the bottoms of the two markets rebounded. The Shanghai index once fell nearly 1%, the Shenzhen composite index once fell more than 1.5%, and the gem index once fell more than 2%. In the afternoon, the two cities maintained a weak shock, and the Shanghai index was only one step away from turning red.
To the closing on January 6, the Shanghai Composite Index fell 0.25% to 3586.08 points; The Kechuang 50 index fell 0.93% to 1320.94 points; The Shenzhen composite index fell 0.66% to 14429.51 points; The gem index fell 1.08% to 3127.48.
Wind statistics show that 2970 in the two cities rose, 1529 fell and 166 were flat.
On January 6, the total turnover of Shanghai and Shenzhen stock markets was 1136.7 billion yuan, a sharp decrease of 168.5 billion yuan compared with 1305.2 billion yuan on the previous trading day, exceeding 1 trillion yuan for the fifth consecutive trading day. Among them, 474.3 billion yuan was traded in Shanghai, 64.7 billion yuan less than 539 billion yuan on the previous trading day, and 662.4 billion yuan was traded in Shenzhen.
A total of 104 stocks in Shanghai and Shenzhen rose by more than 9%, and 15 stocks fell by more than 9%.
The total net outflow of northbound funds on January 6 was 6.637 billion yuan. Among them, the net outflow of Shanghai Stock connect was 2.217 billion yuan and that of Shenzhen Stock connect was 4.42 billion yuan.
architectural decoration led gains, while liquor led declines
In terms of sectors, the architectural decoration sector led the two markets, with Cofco Engineering & Technology Co.Ltd(301058) (301058), East China Engineering Science And Technology Co.Ltd(002140) (002140), Shanghai Geoharbour Construction Group Co.Ltd(605598) (605598), Longjian Road&Bridge Co.Ltd(600853) (600853), China Aluminum International Engineering Corporation Limited(601068) (601068) or more than 10%.
Steel stocks rose higher, with Xinxing Ductile Iron Pipes Co.Ltd(000778) (000778), Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) (601686), Zhejiang Kingland Pipeline And Technologies Co.Ltd(002443) (002443) up more than 7%, and Yongxing Special Materials Technology Co.Ltd(002756) (002756), Zhejiang Yongjin Metal Technology Co.Ltd(603995) (603995) up more than 3%.
Liquor stocks led the decline in the two markets. They suffered a Citic Securities Company Limited(600030) reduction. The Kweichow Moutai Co.Ltd(600519) (600519) predicted net profit growth in 2021 fell below the 2000 yuan / share mark, and Luzhou Laojiao Co.Ltd(000568) (000568), Tsingtao Brewery Company Limited(600600) (600600) fell by more than 2%.
The non bank financial sector led by securities companies fell the most, Orient Securities Company Limited(600958) (600958) fell by more than 7%, Gf Securities Co.Ltd(000776) (000776) fell by more than 4%, China International Capital Corporation Limited(601995) (601995), Shenzhen Asia Link Technology Development Co.Ltd(002316) (002316), China Greatwall Securities Co.Ltd(002939) (002939) fell by more than 2%.
may be near the bottom of adjustment in the short term
Guotai Junan Securities Co.Ltd(601211) believes that, on the whole, after the long new year’s Day holiday, the adjustment risk of the gem accelerated, quickly fell below 3200 points and could not stop the decline. On the surface, the short mood is booming. Under the background that the overall preference of the market has not rebounded, the institutions that have completed the ranking war at the end of the year have reduced the maintenance power of the new energy sector, superimposed the high profit taking pressure, and the overall adjustment of the new energy sector has put great pressure on the market.
China Industrial Securities Co.Ltd(601377) believes that on the whole, the main reasons for this wave of adjustment are: 1) institutional capital balance structure and position adjustment. Recently, the market industry and sector have rotated rapidly, and the willingness of institutional capital balance structure has increased significantly, which was reflected in the market years ago. In the new year, with the reduction of assessment pressure, institutions, especially some funds with positions concentrated in hot sectors, will be slightly radical in position adjustment operation to catch up with the progress and quickly reduce risk exposure. Although the market also fell sharply yesterday, the decline was mainly concentrated in heavyweights with heavy institutional positions, and 3309 stocks rose against the market. 2) Recently, U.S. bond interest rates continued to soar, and U.S. stocks and technology stocks fell sharply at night, which also suppressed the Chinese market, especially Dianxin, military industry, semiconductor and other sectors with concentrated positions and high valuation. 3) Capital level factors, including China Mobile’s IPO and the reduction of the central bank’s reverse repurchase, also disturbed the market. The fund-raising scale of China Mobile’s IPO is close to 56 billion yuan, which is the largest A-share IPO in recent 10 years, with obvious fund-raising effect. On the other hand, with the stable liquidity at the end of the year, the central bank’s reverse repo decreased rapidly, and 260 billion and 200 billion funds were recovered on January 4 and 5 respectively, which also disturbed the market to a certain extent.
Northeast Securities Co.Ltd(000686) believes that there is no need to be pessimistic about the follow-up market trend. In the short term, it may be close to the bottom of adjustment. There are three main reasons: 1) the funds for position adjustment will still flow to the direction of undervalued value, and the weight is supported. The underlying reason for the current adjustment is the institutional change of warehouses, and the funds withdrawn from the current overvalued direction will still look for an undervalued diffusion direction, such as financial real estate, overfall, and catalyzed media and agriculture. Some weight plates will support the index. 2) Liquidity and policy expectations driving spring agitation are unfulfilled. The driving force of spring agitation comes from the expectation of loose liquidity, as well as the sharp rise of financial real estate driven by it or the large inflow of emotional funds such as financing and retail funds. It is difficult to say that the spring agitation is over. 3) In the past, the periodic adjustment range of the leading plate was generally about 15%, and at present, new energy is close to. Through the resumption of the periodic adjustment of the leading sectors since 2019, it is found that the periodic adjustment range of the leading sectors in the early stage is generally 15%. At present, the adjustment range of the new energy sector has been about 12% since early December, which is close to full. If it continues to decline sharply in the short term, it is a layout opportunity.
(surging News)
