Affected by the lower than expected range of reserve requirement reduction and the failure of interest rate reduction expectation, A-Shares completed the three consecutive decline trend of this week on Wednesday. As of the close, the Shanghai Composite Index closed at 315105 points, down 1.35%; Shenzhen composite index reported 1139223 points, down 2.07%; The gem index reported 236365 points, down 3.66%. The gem led the decline again throughout the day, and it broke the position. The turnover of Shanghai stock market was 373.6 billion yuan and that of Shenzhen stock market was 447.1 billion yuan, and the trading volume of the two markets increased.
Although there was no significant decline in A-Shares on Monday and Tuesday, the trend of continuous weakness is quite obvious. This situation is still related to the repeated changes of the international situation and the epidemic, but more importantly, it is related to the further easing of the capital that was once placed great hope by institutional funds and did not meet the expectations. On April 15, the central bank announced that it would reduce the deposit reserve ratio of financial institutions by 0.25 percentage points. For urban commercial banks without inter provincial operation and rural commercial banks with deposit reserve ratio higher than 5%, an additional 0.25 percentage point will be reduced on the basis of reducing the deposit reserve ratio by 0.25 percentage point. Although this operation can release 530 billion yuan of liquidity, as the lowest RRR reduction in the history of the central bank, its range is far less than market expectations. The latest news is that on the 20th, when the quoted interest rate (LPR) in the loan market has not been adjusted for three consecutive months, the latest results of LPR came out: the LPR for one-year period is 3.7%, and the LPR for more than five years is 4.6%, and the quotations are still “standing still”. Obviously, such a result is difficult to satisfy the funds of institutions concerned about the capital, which is naturally reflected in the trend of a shares.
From the disk, the hot spots on Wednesday are more chaotic. The two major sectors of banks and securities are almost all lower. The Baijiu sector is mixed with each other and can not be strong against the market.
Although Hunan stocks rose less and fell more as a whole, Hunan Copote Science Technology Co.Ltd(600476) , Better Life Commercial Chain Share Co.Ltd(002251) , Changsha Tongcheng Holdings Co.Ltd(000419) bucked the market limit, and Huatian Hotel Group Co.Ltd(000428) , Hunan Development Group Co.Ltd(000722) also touched the limit in the session. From the performance of strong Hunan stocks, they are all medium and low price, medium and low market value Hunan stocks, and the recovery started from the bottom of the long term. Obviously, under the current situation that the willingness of external funds to intervene is not strong, and subject to the lack of funds, the performance of Hunan shares can not be exempt from customs. Most of them can only make an article on medium and low price, medium and low market value stocks. It should be reminded that Better Life Commercial Chain Share Co.Ltd(002251) following the daily limit rise on Tuesday, the daily limit rose again on Wednesday, reaching a recent high. At the same time, it not only doubled the increase, but also approached the high level in November last year, accumulating considerable profit chips, which may also trigger the attempt to escape the previous quilt. Therefore, investors are not recommended to speculate excessively.
A noteworthy phenomenon is that consumer stocks including Yanker Shop Food Co.Ltd(002847) , Juewei Food Co.Ltd(603517) , Jinzai Food Group Co.Ltd(003000) , Daodaoquan Grain And Oil Co.Ltd(002852) , Jiajia Food Group Co.Ltd(002650) , Snowsky Salt Industry Group Co.Ltd(600929) , etc. rose against the market on Wednesday. Previously, this column has reminded investors to pay attention to this sector. After all, although the performance of consumer stocks may be impacted by the epidemic, under the epidemic, this sector may still lead other sectors in performance by virtue of its just needed attributes, so it may be concerned by institutional funds.
