Following the decline on Wednesday, A-Shares fell on Thursday. As of the close, the Shanghai Composite Index fell 2.26% to 307981 points, and the decline of other major stock indexes was not much different. In the afternoon, there was a wave rise in brokerage stocks and insurance stocks, which led to the rapid upward attack of the stock index for a time, but then the purchasing power declined, more and more selling, and finally the stock index still fell down.
Individual stocks generally fell, with the sharp decline in tourism, seed industry and breeding that showed some performance in the past few days. Sungrow Power Supply Co.Ltd(300274) which fell sharply the previous day continued to fall by 10.54%, but Contemporary Amperex Technology Co.Limited(300750) rebounded slightly. There are few rising varieties, and the textile and clothing sectors have a strong performance, which may be related to the depreciation of the RMB exchange rate.
Newly listed CNOOC rose 27.69% to close at 13.79 yuan, a relatively limited premium over H shares. At a time when the breaking of new shares is quite common, CNOOC’s first day performance should be satisfactory. On Thursday, all two new shares listed on the gem broke, and the winner of one of the new shares actually lost about 20000 yuan. Obviously, the winner will be extremely depressed.
Previously, investors had the impression that the overall breaking of new shares on the gem was less than that on the science and innovation board, but the breaking of the two GEM stocks on Thursday will change the above impression of investors. It seems that in the future, investors should think twice about almost all other new shares before participating, except that they can basically apply for small and medium-sized new shares on the main board.
Although the market fell, the funds going north unexpectedly had a small net inflow of 911 million yuan, most of which were bought in the afternoon.
In related markets, US stocks rose and fell overnight, and the blue chip index performed slightly better, but technology stocks were the main NASDAQ index. On Tuesday, Netflix (Netflix), a popular stock in US technology stocks, fell 35% due to the quarterly report showing an “unexpected decline in the number of users”, which put pressure on technology stocks as a whole. For example, the share price of social software and meta universe developer meta (formerly Facebook), which also depends on the increase in the number of users, also fell 7.77%.
The biggest news on Thursday was the release of the “opinions on promoting the development of personal pensions”, but the news may not play a great role in promoting the market. At most, some financial stocks may take the opportunity to hype.
This news may be good for large-scale public funds and relatively good for equity fund companies, securities companies and insurance companies, but it does not have much support for the A-share market in the short term, because the policy is only a programmatic document and can show a specific impact only in the long-term implementation process in the future. Therefore, on Thursday, such stocks only feigned upward for a while.
The market is obviously weak. There are still great opportunities for further exploration due to inertia. It is a high probability event to test the 3000 point mark. However, considering the rapid decline of the stock index, the market will resist at 3000. However, there is some uncertainty about how to run after the resistance, which generally depends on the epidemic data and the follow-up situation of the resumption of work. Among these two factors, I think the resumption of work may be more important.
The national new epidemic data released on Thursday morning decreased month on month, as did Shanghai, and the number of new positive cases in Shanghai has decreased for four consecutive days, but the decline rate is not obvious. If the future data can accelerate the improvement, and more importantly, the resumption of work enterprises can increase in a large area, the stock index will launch a more vigorous counterattack.
