The Shanghai Composite Index fluctuated after opening slightly lower today and remained relatively stable in the morning, but continued to fall in the afternoon. The Shenzhen composite index was even weaker dragged down by the gem. The all day composite index fell 1.35% to 315105, and the Shenzhen composite index fell 2.07% to 1139223. In terms of industry, consumer services (1.83%), food and beverage (1.06%) and home appliances (0.65%) led the increase, while cyclical stocks made a significant adjustment, with coal (- 5.38%), real estate (- 4.84%) and steel (- 3.95%) leading the decline. The turnover of the two markets was 812373 billion yuan, which was slightly larger than that of the previous trading day. Recently, the market was greatly affected by the lower than expected performance of leading companies in some industries, including Will Semiconductor Co.Ltd.Shanghai(603501) , Risesun Real Estate Development Co.Ltd(002146) , and Sungrow Power Supply Co.Ltd(300274) , which added new pressure to the already fragile market sentiment.
Market focus:
In terms of themes, the rise of big consumption, the ebb of other hot spots almost all over the board, the rise and fall of more than 20 related stocks of big consumption, the strength of retail, logistics and prefabricated vegetables, the weakness of the market as a whole, and the ebb of growth stocks and steady growth at the same time, but some strong stocks are still eye-catching. As of the closing, the trading limit was mainly concentrated in the retail, prefabricated dishes and tourism sectors of large consumption. The news of standard reduction and resumption of work and production over the weekend failed to bring sustainable opportunities to the market. The pessimistic expectation has not been fully released in the process of continuous shock. The market continues to find the bottom. On the whole, the value style is still dominant. The growth sector needs to focus on the changes in fundamentals. The service industry and large consumption under the expectation of epidemic repair, such as commercial retail and automobile industry chain, can continue to pay attention.
Risk tip: global economic recession risk, Fed tightening risk and epidemic spread risk.
