Outlook:
The index fluctuated sideways on Friday, and the trend is still repeated. The three indexes collectively opened low, showing a trend of shock throughout the day, and finally the indexes fell. Individual stocks fell more or less, with banks, steel, real estate, utilities, medicine and biology leading the gains, while social services, media, architectural decoration, non-ferrous metals and coal leading the declines. The central bank continued MLF at parity, slightly lower than market expectations, but the central bank's moderately loose monetary policy orientation has not changed in the short term. In addition, the central bank said that it would timely use the RRR reduction and other monetary policy tools in accordance with the requirements of the national standing committee, further increase the financial support to the real economy, especially the industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, make reasonable profits to the real economy and reduce the comprehensive financing cost. It is expected that the RRR reduction will be implemented soon, and pay attention to the scope and extent of the RRR reduction. From the technical point of view, the index fell slightly, and the trend is still repeated. However, with the gradual implementation of moderately loose policies, it is expected that the market is expected to shake and repair, and pay attention to the landing strength and energy change of standard reduction. In operation, it is suggested to focus on the midline layout, and pay attention to the industries such as finance, food and beverage, electric gas equipment, steel and coal.
