Market Overview
On Thursday, the Shanghai and Shenzhen stock markets continued to weaken, falling more than 1%, the Shanghai index fell 1.42%, the Shenzhen Component Index fell 1.65% and the gem index fell 2.1%. A total of 52 stocks rose the limit, and 39 stocks closed the limit. On the disk, coal mining remained strong throughout the day, Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) led the rise; The pesticide and fertilizer sector rose again in the afternoon, and Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) hit the daily limit; In the afternoon, gold, securities and other sectors saw changes and pulled up. Real estate services, park development and real estate sectors remained weak throughout the day, and several real estate stocks such as Cinda Real Estate Co.Ltd(600657) fell by the limit; Digital currency concept stocks led the decline in the concept sector, with multiple stocks falling by more than 6%, of which Chutian Dragon Co.Ltd(003040) , Sinodata Co.Ltd(002657) both fell by the limit; Agricultural sectors such as chicken and pork weakened, and Shenzhen Kingsino Technology Co.Ltd(002548) fell by the limit in late trading; The pharmaceutical business sector continued to weaken, and the Realcan Pharmaceutical Group Co.Ltd(002589) share price hit the limit, presenting a “sky floor”.
On the whole, the current stock index is in the horizontal consolidation since the rebound on March 16. The short-term moving average of 5mA and 10mA is flat, and the medium and long-term moving average is arranged in short positions, which suppresses the stock index. The daily KDJ high level of Shanghai stock index has an obvious dead cross trend; Shenzhen Component Index and gem index completely fall behind the medium and short-term average (5, 10 and 20mA), the j line of KDJ index turns down again, and the red column of MACD on GEM index shortens, showing a dead cross trend and in a weak environment. At present, the market is still in a weak box, and the sector rotation is fast. We need to pay attention to the final direction choice.
