Low volatility, ups and downs.
Affected by the continuous negative news, the three major A-share indexes opened lower in the morning. In the morning, the Shanghai and Shenzhen stock markets went out of the differentiation trend, the strength of major financial sectors such as banking and non bank finance, as well as the rise of textile and garment sectors, led to the strong performance of the Shanghai index. Gem refers to a new low in the year driven by the weakness of the pharmaceutical and biological sector. In the afternoon, the financial, household appliances, Baijiu, electricity and steel sectors were pulled up. The three major indexes rose again, and the Shanghai stock index returned to the top 3100 points. But the market was worried about the uncertainty of the weekend, and the two cities fell back again.
By the closing on April 22, the Shanghai Composite Index rose 0.23% to 308692; The Kechuang 50 index fell 1.63% to 942.07 points; The Shenzhen composite index fell 0.29% to 110517 points; The gem index fell 0.69% to 2296.6 points.
So far this week, the Shanghai Composite Index fell 3.87%, the Kechuang 50 index fell 3.21%, the Shenzhen Component Index fell 5.12% and the gem index fell 6.66%.
Wind statistics show that 1633 companies in the two cities rose, 3026 companies fell and 111 companies were flat.
On April 22, the total turnover of Shanghai and Shenzhen stock markets was 753.3 billion yuan, a decrease of 103 billion yuan from 856.3 billion yuan on the previous trading day. Among them, 348.8 billion yuan was traded in Shanghai, 47.7 billion yuan less than 396.5 billion yuan on the previous trading day, and 404.5 billion yuan was traded in Shenzhen.
A total of 91 stocks in Shanghai and Shenzhen rose by more than 9%, and 122 stocks fell by more than 9%.
The total net inflow of northbound funds was 6.764 billion yuan on April 22. Among them, the net inflow of Shanghai Stock connect was 3.61 billion yuan and that of Shenzhen Stock connect was 3.154 billion yuan. So far, the total net inflow of northward funds this week was 444 million yuan.
bank stocks protected the market, and textile stocks set off a wave of trading
In the sector, bank stocks once again took up the banner of protecting the market, Bank Of Chengdu Co.Ltd(601838) ( Bank Of Chengdu Co.Ltd(601838) ), Bank Of Jiangsu Co.Ltd(600919) ( Bank Of Jiangsu Co.Ltd(600919) ), Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) ( Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) ), Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) ( Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) ), Bank Of Nanjing Co.Ltd(601009) ( Bank Of Nanjing Co.Ltd(601009) ), China Merchants Bank Co.Ltd(600036) ( China Merchants Bank Co.Ltd(600036) ), etc. rose by more than 2%.
Affected by the rapid devaluation of the RMB, the impact of the rapid depreciation of the RMB, and the impact of the rapid depreciation of the RMB, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the textile and apparel sector, the rising tide of the price limit, the 30095 Jiangsu Hanvo Safety Product Co.Ltd(300952) \ \20stocks may rise by more than 10%.
The semiconductor sector led the decline, with Allwinnertech Technology Co.Ltd(300458) ( Allwinnertech Technology Co.Ltd(300458) ), Guoxin Technology (688262), Tech Semiconductors Co.Ltd(300046) ( Tech Semiconductors Co.Ltd(300046) ), Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) ( Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) ) and other sectors falling by more than 9%, and Dongwei semiconductors (688261), Fine Made Microelectronics Group Co.Ltd(300671) ( Fine Made Microelectronics Group Co.Ltd(300671) ) and other sectors falling by more than 5%.
The agriculture, forestry, animal husbandry and fishery sector led the decline. Nearly 10 stocks such as Hefei Fengle Seed Co.Ltd(000713) ( Hefei Fengle Seed Co.Ltd(000713) ), Great-Sun Foods Co.Ltd(603336) ( Great-Sun Foods Co.Ltd(603336) ), Hainan Jingliang Holdings Co.Ltd(000505) ( Hainan Jingliang Holdings Co.Ltd(000505) ), Jinhe Biotechnology Co.Ltd(002688) ( Jinhe Biotechnology Co.Ltd(002688) ), Fujian Aonong Biological Technology Group Incorporation Limited(603363) ( Fujian Aonong Biological Technology Group Incorporation Limited(603363) ), Xinjiang Guannong Fruit & Antler Co.Ltd(600251) ( Xinjiang Guannong Fruit & Antler Co.Ltd(600251) ) fell by the limit.
the current point does not need to be too pessimistic
Guotai Junan Securities Co.Ltd(601211) believes that the index rebounded after opening low today, and the stock index returned to above 3100 points in the session. After yesterday’s double freezing point, the index and sentiment ushered in a slight rebound today. However, judging from the recent market capacity, it is obviously insufficient. The index has a high probability of maintaining the bottom shock trend in the short term. However, there is strong support below the index. In the future, we should pay close attention to the adjustment of monetary policies of major developed economies, give consideration to internal and external balance, and wait for an effective breakthrough in market volume.
There is no need to be too pessimistic about the current point. After continuous adjustment, the stock index has been adjusted back to the range of Wuxi Boton Technology Co.Ltd(300031) 00 points, the downward momentum will gradually weaken, and the undervalued blue chip sector will gradually support the market. At the macro policy level, the current policy bottom range has been further established, and the market will gradually find out the market bottom in the contraction shock. From the perspective of long-term investment, the index is in the layout area.
It is suggested to pay attention to the steady growth direction benefiting from the support of economic policies. At present, the market funds are still mainly on the sidelines. In addition to a few driving themes, the overall style is still biased towards industries with undervalued value and uncertain performance. It is suggested to pay attention to the infrastructure direction with policy support, including real estate, construction, building materials, coal, steel, etc. in the infrastructure industry chain.
For the recent market trend, Guosheng Securities believes that the Shanghai index has started to bottom twice, and the Shenzhen index has hit a new low this year. However, the overall valuation of A-Shares has entered a relatively low range, the opportunity is greater than the risk, and there will still be a structural market. In terms of operation, the index has been adjusted in a wide range for 2 consecutive days, and the volume can follow the amplification, which obviously gushes out more throwing pressure sectors. However, the continuous falling is easy to cause the selling pressure to fail. If the deviation deviation rate of the superimposed 5-day line is too large, it will easily lead to a wave of oversold rebound market of the index. Generally speaking, it is not suitable to be too bearish at present, and we can choose the opportunity to deal with it according to the rebound strength in the subsequent rebound market. We can focus on the power point of the national “stable growth” policy and choose the sectors closely related to people’s livelihood such as food, clothing, housing and transportation to do low absorption.
Bohai Securities believes that the judgment of the bottom of the A-share market in the medium and long term remains unchanged. Patience should be reserved in configuration. The congestion of most of the short-term “stable growth” sectors has been at a high level in recent five years, and risks are gradually accumulating, so we need to be cautious. Investors can tap opportunities for performance exceeding expectations around the first quarterly report. For the medium and long term, after the economy stabilizes, the growth sector is still expected to return to the main line, and the long-term allocation value will be more prominent.
