Low shock closed down, and individual stocks fell generally.
Affected by the overnight peripheral market, the three major A-share indexes collectively opened low on March 24 and fluctuated low in the morning. The gem index once fell more than 2% in the morning. The continuous strength of the pharmaceutical and biological sector led the gem index to turn red in the afternoon. By the closing on March 24, the Shanghai Composite Index fell 0.63% to 325026 points; The Kechuang 50 index fell 0.83% to 113457 points; The Shenzhen composite index fell 0.83% to 123055 points; The gem index fell 0.36% to 270621.
Wind statistics show that 947 in Shanghai and Shenzhen stock markets rose, 3714 fell and 78 were flat.
On March 24, the total turnover of Shanghai and Shenzhen stock markets was 920.1 billion yuan, a decrease of 22.7 billion yuan from 942.8 billion yuan on the previous trading day. Among them, the turnover of Shanghai stock market was 390.7 billion yuan, a decrease of 14.7 billion yuan compared with 405.4 billion yuan on the previous trading day, and the turnover of Shenzhen stock market was 529.4 billion yuan.
A total of 74 stocks in Shanghai and Shenzhen rose by more than 9%, and 13 stocks fell by more than 9%.
The total net outflow of northbound funds was 128 million yuan on March 24. Among them, the net inflow of Shanghai Stock connect was 1.205 billion yuan and the net outflow of Shenzhen Stock connect was 1.333 billion yuan.
CRO continues to grow stronger, Baijiu shares lower
In terms of sectors, CrO (pharmaceutical R & D Contract outsourcing service organization) continued to strengthen, driving the pharmaceutical and biological sector to set off a wave of limit trading, Baotou Dongbao Bio-Tech Co.Ltd(300239) ( Baotou Dongbao Bio-Tech Co.Ltd(300239) ), Jiangxi Fushine Pharmaceutical Co.Ltd(300497) ( Jiangxi Fushine Pharmaceutical Co.Ltd(300497) ), Sino Biological Inc(301047) ( Sino Biological Inc(301047) ), Henan Taloph Pharmaceutical Stock Co.Ltd(600222) ( Henan Taloph Pharmaceutical Stock Co.Ltd(600222) ), Sailong Pharmaceutical ( Sailong Pharmaceutical Group Co.Ltd(002898) ) and other more than 20 stocks rose by the limit or more than 10%.
Non ferrous metal sectors are stronger, and the Jinzhou Jixiang Molybdenum Co.Ltd(603399) upmore than 5%.
Baijiu shares led two cities, leading Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) ) fell nearly 2%, Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) ) fell nearly 3%, Jinhui Liquor Co.Ltd(603919) ( Jinhui Liquor Co.Ltd(603919) ), Anhui Golden Seed Winery Co.Ltd(600199) ( Anhui Golden Seed Winery Co.Ltd(600199) ) and so on fell more than 5%, Shede Spirits Co.Ltd(600702) ( Shede Spirits Co.Ltd(600702) ), Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) ( Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) ) and so on dropped more than 3%.
Building materials continued to decline, Shanghai Yaohua Pilkingyon Glass Group Co.Ltd(600819) ( Shanghai Yaohua Pilkingyon Glass Group Co.Ltd(600819) ), Guangdong Golden Glass Technologies Limited(300093) ( Guangdong Golden Glass Technologies Limited(300093) ), Chongqing Sifang New Material Co.Ltd(605122) ( Chongqing Sifang New Material Co.Ltd(605122) ) and others fell by more than 7%, and Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) ( Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) ) and Yangzi new village ( Suzhou Yangtze New Materials Co.Ltd(002652) ) fell by more than 5%.
If it continues to shrink, there is a possibility of double bottom
Guotai Junan Securities Co.Ltd(601211) believes that from the rapid decline in March to the recent rebound, the overall operation trend of the market has returned to stability. However, the market heat has dropped significantly today. Considering the uncertainty of covid-19 epidemic in various places, from the technical point of view, there is still great pressure for the index to continue to rise. If it continues to shrink, there is the possibility of a second bottom. However, in the medium and long term, the overall valuation level of A-Shares has reached a low level. Recently, the financial commission has continuously released positive signals. If there is a short-term step back, it is a better time to increase positions.
Therefore, in terms of operation, Guotai Junan Securities Co.Ltd(601211) suggests bargain hunting layout, focusing on varieties with undervalued value and strong profit certainty, as well as varieties with stable growth direction, such as infrastructure, real estate, building materials, etc. benefiting from the policy support, it is expected to gradually step out of trend opportunities in the future. In terms of theme investment, we can pay attention to digital economy, East West calculation, etc.
Guosheng Securities believes that after the market experienced a rapid decline in the short term and stepped back on the bottom of the box since July 2020, the short term has continuously opened a restorative rebound, which can actively track the low absorption opportunities of individual stocks in sectors with high attention to market funds. On the whole, under the general stable tone of market liquidity, we can actively pay attention to the current hot real estate sector and growth stocks that have experienced significant valuation compression. In terms of operation, with the gradual implementation of relevant policies and the rapid valuation compression, all subjects in the market have short-term rebound space, so we can actively pay attention to the low absorption opportunities of growth stocks and the opportunities of oversold rebound of individual stocks in the restorative rebound.
Central China Securities Co.Ltd(601375) believes that the stock index is now poised to consolidate around 3250 points, and investors are actively looking for new low leading hot spots to accumulate energy for further long in the next stage. The trading volume of the two cities is still less than trillion. The breakthrough of the future market still requires new incremental funds to continue to enter the market. Heavyweight stocks and growth stocks are expected to become important features of the future market. It is suggested to pay close attention to the changes of policy and capital. It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the gem is more likely. Investors are advised to pay close attention to the investment opportunities in new energy, communication, real estate and other industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
