After repeated for many days, A-Shares finally showed signs of complete stabilization, and Shanghai and Shenzhen stock markets rose steadily on Wednesday afternoon. At the close, the Shanghai Composite Index closed at 3597.43 points, up 0.84%; Shenzhen composite index reported 14421.2 points, up 1.39%; Gem index reported 3136.69 points, up 2.64%. The trading volume of the two markets shrank slightly throughout the day, maintaining the pattern of shrinking when rising. The turnover in Shanghai was 435.8 billion yuan and that in Shenzhen was 625.3 billion yuan.
The most outstanding performance of the two cities on Monday was the UHV concept. 68 of the 72 concept stocks were red, and 11 rose by the limit or more than 10%. However, the stock index completely reversed its decline on Wednesday because Kweichow Moutai Co.Ltd(600519) and Contemporary Amperex Technology Co.Limited(300750) two high market capitalization stocks rebounded significantly, especially Contemporary Amperex Technology Co.Limited(300750) jumped high after a more sufficient correction, and finally rose by more than 5%. From the disk, in terms of plates, scenic spot tourism and food manufacturing have strong performance, and these plates belong to the ranks of large consumption. This also shows that when the Spring Festival is approaching, consumer stocks will have more opportunities than other sectors.
It is worth mentioning that on Wednesday, northbound funds maintained a net inflow trend, with a net inflow of more than 7 billion yuan throughout the day. From the perspective of technical graphics, the stabilization and recovery of the Shanghai index is more due to the support of the semi annual line. From the style of the stock index, the more radical gem index finally stopped leading the decline and led the rise, which injected good expectations into the performance of the subsequent two cities.
In the context of the simultaneous rise of the two cities, the Hunan stock sector also performed well, with 95 of the 130 listed Hunan stocks rising, of which 6 rose by the limit or more than 10%. Among them, Hunan Zhongke Electric Co.Ltd(300035) , Chang Lan Electric Technology Co.Ltd(002879) , Hunan Valin Wire&Cable Co.Ltd(001208) belong to the UHV concept. Chang Lan Electric Technology Co.Ltd(002879) there have been few big ups and downs since the bottom was built at the end of 2018, but the share price has doubled in the form of “wave by wave” in the past year. At present, the stock shows the momentum of impact to the previous high, and investors can pay attention to bargain hunting. After the listing of Hunan Valin Wire&Cable Co.Ltd(001208) has been fully hyped, the recent correction momentum is obvious, and there are even signs of breaking down. With Wednesday’s strong trading, this momentum seems to have been curbed, but whether it can stabilize and recover needs further observation.
The Dahu Aquaculture Co.Ltd(600257) which belongs to the large consumption sector rose again on Wednesday, after the reporter warned to pay attention to the stock. Graphics show that although the stock has risen and fallen recently, the rising channel remains good. Investors can continue to pay attention.
Hunan stocks with the highest decline on Wednesday include Hunan Copote Science Technology Co.Ltd(600476) , Zhuzhou Qianjin Pharmaceutical Co.Ltd(600479) which have increased significantly recently, as well as Yueyang Xingchang Petro-Chemical Co.Ltd(000819) , Changsha Jingjia Microelectronics Co.Ltd(300474) which have increased surprisingly in total. This reminds investors once again that during the recent Spring Festival holiday, investors still need to cash or partially cash the chips with considerable profits, so as to avoid frequent riding on the “roller coaster”.
