The three major A-share indexes ended lower: the gem fell 2.5%, and agricultural stocks rose against the market

On March 25, the stock index fluctuated in a narrow range in the morning, fell lower near the afternoon, and accelerated downward in the afternoon; The Shenzhen Composite Index and the gem index weakened in intraday shocks and fell sharply in the afternoon. The Shenzhen composite index fell nearly 2%, and the gem index fell more than 2.5% and lost 2700 points again; The turnover of the two cities shrank again, with a full day turnover of about 910 billion yuan and a net sale of more than 3 billion yuan to the north.

As of the close, the Shanghai index fell 1.17% to 321224 points, the Shenzhen composite index fell 1.89% to 1207273 points, and the gem index fell 2.52% to 263794 points; The total turnover of the two cities was 918.3 billion yuan, and the net sale of funds from the North was 3.117 billion yuan.

On the disk, medical care, wine making and power sectors led the decline, while insurance, securities companies, medicine, construction, steel and other sectors weakened; Agriculture, textile and clothing, real estate and other sectors rose, seed industry, online games, prefabricated vegetables, meta universe and other themes bucked the market, and CXO concept, covid-19 medicine, covid-19 detection, East West calculation, energy storage, hydrogen energy, photovoltaic, wind energy, lithium battery concept all fell.

For the current market trend, Guosheng Securities pointed out that after the oversold rebound, the two cities have been poised to consolidate around 3250 points, and the short-term rebound is under great pressure at 3280 to 3300 points. Although the index has the demand to step back, the downward space is limited, and the gem index pays attention to the short-term support near 2650. The market is in a low-level area. With the expectation that monetary and credit policies will remain moderate in the future and steady growth will continue to increase, we believe that whether the market is an incremental capital entry breakthrough or a benign technical adjustment, it is a window for strategic allocation at this stage. It is suggested to pay attention to position control, focus on infrastructure and real estate sectors related to the main line of steady growth, high boom growth industries such as photovoltaic, green power and semiconductor, and short-term active pharmaceutical sectors.

Founder Securities Co.Ltd(601901) said that there is still pressure for correction in the short-term market, but the market has insufficient momentum to kill and fall, and the space for short-term correction is also limited. The shock around the 5th line is still the main trend of short-term operation. Whether the rise can be restarted and whether the volume can be released again is the key. If the volume is released again, the market is expected to break through the previous high point. If the volume of the market is difficult to release, the horizontal consolidation above 3200 is a high probability event. The A-share market is about to enter April, which is a seasonal off-season for investment. Due to the centralized announcement of the annual report and the first quarterly report, the market has a low risk preference for performance, which is basically a "defensive counterattack". The defensive counterattack based on blue chips transfers funds to blue chips. The dark time of subject stocks comes. During this period, the "28" phenomenon of A-share is the norm, and the concepts of investment financial security, energy security and food security are the main line

institutions on the market

CICC: how to judge whether the A-share market has bottomed out? What bottom signals have appeared so far in this round of adjustment?

Jufeng investment adviser: multi support oversold rebound is not over, and technical adjustment meets the opportunity of low absorption

Dexun securities Gu: high-level platform to build the market next week or break through

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