The market fluctuated and fell throughout the day. The three major indexes all fell by more than 2%. The Shanghai Composite Index fell below the 3100 point integer mark, and the Shenzhen Composite Index and the gem index hit a new low. On the disk, only the textile manufacturing sector rose, and all the other sectors fell. The brokerage sector once rose in the afternoon, but finally fell. In terms of decline, agricultural related sectors fell collectively. Overall, individual stocks fell more and rose less. More than 4300 stocks in the two cities fell, and nearly 100 stocks fell by the limit or more than 10%. The turnover of Shanghai and Shenzhen stock markets today was 820.7 billion, up from 41.3 billion on the previous trading day. In terms of sectors, the textile manufacturing sector rose, while tourism, planting and forestry, chemical fertilizer, aquaculture and other sectors led the decline.
sector
Today, the sector almost ran out of ink, and only the textile manufacturing sector rose slightly. On the news side, the national development and Reform Commission issued the guiding opinions on the high-quality development of the industrial textile industry, which proposed to support the merger and reorganization of advantageous enterprises in the industrial textile industry and give some expected speculation to the market. However, combined with the recent disk, the market sentiment is low, and the emergence of new themes often can not get rid of the fate of “one-day tour”. Although the trend of the textile sector is against the trend today, the continuity of the follow-up is in doubt. Before it goes out of the deterministic Market, it is still dominated by observation.
There was a change in the securities sector in the afternoon, and Nanjing Securities Co.Ltd(601990) also touched the daily limit. But in the end, not only failed to mobilize market sentiment, but the index accelerated to the bottom again after a short rebound. After the unilateral killing of the index in early trading, market confidence has reached a low point. When there was a slight rebound after noon, selling prices poured out one after another in such a panic atmosphere, pushing the index down further. However, at present, the market sentiment has fallen to the freezing point, and the panic is also released in the afternoon today. From a short-term perspective, tomorrow may usher in the repair of the emotional side.
Today, agricultural stocks ushered in the overall ebb tide of funds, and the relatively strong chicken, seed industry and chemical fertilizer in the early stage led the decline one after another. Benefiting from the improvement of agricultural fundamentals, agricultural stocks have recently stepped out of a relatively independent market, with an overall increase of not low, and some funds choose to cash in first. Behind it is still reflected in the lack of overall confidence, funds continue to avoid high and low market style. After today’s sharp decline, agricultural stocks are expected to go through a consolidation process for a long time. When they bounce higher in the short term, it is safer to stand in the seller’s thinking first.
Today, the large consumption sector also showed a comprehensive correction trend, among which tourism, hotel catering and other sectors led the decline. Does this mean that the large consumption sector as a whole will weaken? At present, it is still too early. According to past experience, it is common for the main line sector to have short-term differences after the concentrated outbreak. Moreover, the reduction consolidation of wine making, food and beverage and other sectors today maintains a relatively healthy relationship between price and volume. In terms of the daily limit distribution of individual stocks today, nearly one third is still from the direction of large consumption, and Anji Foodstuff Co.Ltd(603696) 5 Lianban, Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) 4 Lianban, Better Life Commercial Chain Share Co.Ltd(002251) 3 Lianban also occupies the space height of the market. Although there has been a substantial correction in the sector as a whole, the funds of high-end stocks have not yet experienced a ebb tide. When the height of the sector continues, there is a high probability of subsequent repair opportunities. Therefore, we will continue to pay attention to the return strength of the large consumption sector tomorrow.
individual shares
First of all, focus on the retail leader Better Life Commercial Chain Share Co.Ltd(002251) . After several shocks in the afternoon, he closed the board again and was promoted to 8 boards in 9 days. In such a weak market environment, it still withstood the test of different selling pressure, which is enough to reflect the tenacious vitality of the stock. After a more sufficient chip change, the leading position of the sector is more stable, and the space for the subsequent rise of the stock is more worthy of expectation.
Another short-term food and beverage leader Anji Foodstuff Co.Ltd(603696) also experienced sector frying in the afternoon. However, driven by the rise of Better Life Commercial Chain Share Co.Ltd(002251) against the trend, it finally succeeded in sealing back. Up to now, although the market is relatively fierce today, the space height of the large consumption direction is steadily improving, which also has a certain demonstration effect on the back row stocks within the sector. When the market environment becomes warmer, we can focus on the make-up opportunities of back row stocks within the consumer sector.
aftermarket analysis
As of the close, the Shanghai index fell 2.26%, the Shenzhen composite index fell 2.7% and the gem index fell 2.17%. Northbound funds bought a net 911 million against the trend throughout the day, including 612 million in Shanghai Stock connect and 299 million in Shenzhen Stock connect.
Under the condition that the major indexes continue to dip to the bottom, Caitong Securities Co.Ltd(601108) believes that the trend of external chaos and internal stability continues, the inflection point of global liquidity interest rate has been formed, the capital flows back to low-risk assets and developed markets, and global investors have a phased aversion to overvalued varieties. At the same time, it is also facing the pressure of steady economic growth. At present, the market is dominated by shock and bottom grinding, focusing on structural opportunities. The recovery of the supply chain is improving, and the market has marginal signs of improvement for the recovery of the economic supply chain. In the second half of the year, the market will gradually improve or usher in the moment of counterattack.
In terms of sentiment, it rose 336, down 981 from the previous trading day. Excluding ST shares and unopened new shares, the daily limit was 32, 20 less than the previous trading day; Fried Board 16, 2 less than the previous trading day; Gem / Kechuang board stocks rose by 2, down 3 from the previous trading day; There was one drop limit, one less than the previous trading day.
In terms of sentiment indicators, with the acceleration of the downward dip of the index in the afternoon, the market sentiment returns to near the freezing point. However, after the concentrated release of panic, it is expected to usher in the recovery of sentiment tomorrow.
market highlights
1. Tianjin Housing Association convened a number of real estate enterprises to study ten policies on accelerating the sales of real estate development projects
Financial Associated Press, April 21 – Tianjin Real Estate Industry Association recently convened a meeting of a number of real estate enterprises, at which ten policies on accelerating the sales of real estate development projects were studied and will be announced after revision; Coordinate and establish a benign competition mechanism for adjacent projects; Regulations on regulating the channel sales of commercial housing have been deployed.
2. Ministry of Commerce: it is expected that consumption will continue to recover in the later stage
Finance Associated Press, April 21 – Gao Feng, a spokesman for the Ministry of Commerce, said that since this year, China’s consumer market has generally recovered. In the first quarter, the total retail sales of social consumer goods was 10.9 trillion yuan, an increase of 3.3% year-on-year; The contribution rate of final consumption expenditure to economic growth reached 69.4%, which is still the first driving force of China’s economic growth. On the whole, the fundamentals of China’s long-term economic improvement have not changed, and the characteristics of the consumer market with great potential and strong resilience have not changed. In view of the recent frequent outbreak of covid-19 pneumonia in China, we will focus on the people and coordinate the epidemic prevention and control and economic and social development. With the gradual control of the impact of the epidemic and the implementation of various policies and measures to promote consumption, it is expected that consumption will continue to recover in the later stage.
