Market Overview
Today, the market continued to fluctuate. Among them, the Shanghai index fell below 3100 and the gem once fell below 2300. The extreme scene of the decline of more than 4400 stocks in the two cities occurred again, of which more than 1000 stocks fell by more than 5%.
Track stocks once again led to the decline of the market. As we have said in the previous article, at the capital level, when the positions of many institutions have fallen to about 58%, the new energy direction represented by electrical equipment has continued to be adjusted in the recent period. It is obvious that the willingness to undertake funds is poor. In short, it means “those who have money have no courage, but those who have courage have no money”.
explanation of the reasons for the decline of the market:
1. There was a downward trend in the market on Thursday. The direct reason for the recent decline in the market is the storm of large votes of track stocks and heavyweights, such as China Merchants Bank on Monday, Will Semiconductor Co.Ltd.Shanghai(603501) , Ningde on Wednesday, Sungrow Power Supply Co.Ltd(300274) , etc. today, there is a photovoltaic leader Flat Glass Group Co.Ltd(601865) ;
2. Approaching the final window period of performance at the end of April, the performance of track stocks is lower than expected and easy to fall. Be patient and wait for the thunderstorm period to pass;
3. The listing of CNOOC’s Big Mac today has also had a great impact on the market. Historically, from the listing of Petrochina Company Limited(601857) , China Railway Group Limited(601390) to the recent Semiconductor Manufacturing International Corporation(688981) , China Telecom Corporation Limited(601728) and China Mobile, the market fell on the same day, and the “siphon effect” of this big Mac is more obvious when the market capacity is insufficient.
On the whole, the market has pulled back to the bottom of the shock range for nearly a month. The current drag factor is mainly the performance peak at the end of April, and there are thunderstorms in many track stocks. However, at present, it is also the final stage of the thunderstorm. When the performance thunder is gradually cleared, the adjustment will gradually end.
In addition, from the perspective of institutional positions and sector adjustment range, at present, the positions of market institutions have been fully reduced. We only need to wait for the recovery of market confidence and mood. Therefore, in the short term, it is still at the end of the second bottom.
main trends
(risk warning: there are risks in the stock market, so investment should be cautious. The above contents are only for investors’ reference and are not used as the basis for investment decision-making.)
