A shares fell on the hot search again.
Shanghai index fell 3200 points, gem index fell 2500 points, and Kechuang 50 fell below 1000 points for the first time
On April 11, the three major A-share indexes collectively opened low. As of the closing, the Shanghai index fell more than 2% to 3200 points, the gem index fell more than 4% to 2500 points, the Shenzhen composite index fell more than 3%, and the northward capital outflow exceeded 5 billion yuan.
The industry sector is generally green, among which the real estate sector has made a sharp correction, with about 20 shares falling by the limit; The performance of lithium sector was weak, and “ningwang” Contemporary Amperex Technology Co.Limited(300750) fell more than 8% during the session. Statistics show that more than 4100 stocks in the two cities are green.
The Kechuang 50 index fell below 1000 basis points for the first time, closing at 988.76 points, down 3.75%, with a turnover of 30.8 billion.
why did the market plummet and what happened
Haitong Securities Company Limited(600837) pointed out that the trend of technology stocks and track stocks in this round of adjustment is weak, which is closely related to their higher position and higher valuation. In addition, the peripheral news over the weekend was generally empty, in which the Fed’s interest rate hike and contraction continued to strengthen, the conflict between Russia and Ukraine remained unclear, the epidemic in China continued, and the major indexes faced a new wave of weakening trend in the short term, especially the technology stocks represented by mass entrepreneurship and innovation.
Gu believes that there are many reasons for the huge decline in the real estate market; Second, Weilai automobile stopped production due to the impact of the epidemic, and events such as the epidemic in Contemporary Amperex Technology Co.Limited(300750) city led to a sharp decline in the new energy vehicle industry chain; Third, CNOOC made clear the issue price and the financing scale exceeded 30 billion, putting pressure on the market. At present, the main factors that suppress the sentiment of A-share investors have changed, and the hope of stopping the decline in the market is still above technology stocks and track stocks. The steady expectation and steady growth policy will accelerate the construction of the market bottom. The deployment of the national standing committee to make timely use of monetary policy tools and the establishment of the financial stability guarantee fund by the central bank will provide strong support for a shares.
In addition, according to the data released by the National Bureau of Statistics today, PPI rose 1.1% month on month and 8.3% year-on-year in March. Dong Lijuan, Senior Statistician of the city Department of the National Bureau of statistics, said that in March, affected by factors such as China’s multi-point epidemic and the rise in international commodity prices, CPI was flat month on month and expanded year-on-year. Geopolitical and other factors promote the continuous rise of international commodity prices, driving the prices of Petrochina Company Limited(601857) , non-ferrous metals and other related industries to continue to rise.
will it fall in the future
China Securities Co.Ltd(601066) Securities believes that the market is in the bottom grinding period from the medium-term perspective, but it faces some challenges, the rapid rise of US bond interest rate is not stable, and there are uncertainties in the conflict between Russia and Ukraine and the geopolitical situation. Investors should be patient and should not rush forward, waiting for the opportunity of fundamentals bottoming, the improvement of the external environment or strong easing of policies. If there is a significant adjustment in the market, they can also gradually layout. The layout direction focuses on early cycle varieties (real estate chain, etc.). If the subsequent US bond interest rate stabilizes and China’s broad currency strengthens, they can consider gradually increasing the allocation of growth.
Guotai Junan Securities Co.Ltd(601211) believes that it is difficult for the short-term market to form an upward force, and it is expected that the trend of concussion and bottom grinding will continue. In terms of operation, it is suggested to lay out bargain hunting in batches, pay attention to blue chips with strong certainty and low risk, such as banks, as well as infrastructure sectors, building materials, construction machinery, etc., which benefit from the economic underpinning policy and have a large expectation of steady growth. Focus on digital economy in theme investment.
Haitong Securities Company Limited(600837) pointed out that in the medium and long term, the development of the conflict between Russia and Ukraine, the response of overseas markets after the Fed’s interest rate hike and reduction, and the progress of epidemic prevention and control in China will all affect the strength of a shares. At the same time, with the signal of the comprehensive registration system released by the management again at the weekend, it is expected that there will be a great opportunity for the market. After the comprehensive registration system, the market funds are expected to be more liquid and more prominent in the industry Industries or enterprises with better growth are concentrated.
China International Capital Corporation Limited(601995) pointed out that the follow-up market may gradually enter the bottom grinding stage. Combined with the adjusted range, valuation and possible digestion of negative factors, the market opportunities in the medium-term dimension are greater than the risks. In the future, we will pay attention to the following potential factors: (1) the uncertain situation in Russia and Ukraine and the easing of global inflationary pressure will bring about the marginal easing of “stagflation”; (2) The “steady growth” policy continues to work, especially in real estate and other fields. (3) The epidemic situation in China is further clarified. Structurally, the current main line of “stable growth” may still have configuration value. In the medium term, with the gradual stabilization of growth and the gradual resolution of macro risks, the market may still focus on areas of more sustainable growth, and relevant fields such as high-profile scientific and technological innovation and manufacturing upgrading may be relatively dominant.
