Viewpoint: after four consecutive months of recovery, the leading economic indicators fell below the boom and bust line, confirming the judgment of anti pumping we mentioned earlier. In this case, the pressure of economic growth still inhibits the market. Under the support of policy support and monetary easing cycle, the market as a whole is still a process of shock bottoming in the short term, the panic of falling below 3000 points continues, and the uncertainty continues to exist in the last week of the results announcement. Under the poor performance expectation of securities companies, they also joined the team of smashing the market in the short term. It is expected that the index will fluctuate repeatedly, and there is still the possibility of bottoming out
After yesterday’s sharp fall, with the rebound of US stocks, A-Shares also ushered in a high opening today. After the opening shock, they once ushered in a rise. After the word number turned red smoothly, they continued to strengthen, and their performance was more eye-catching in the morning. However, the market situation changed suddenly in the afternoon. The securities sector fell collectively, and many stocks fell sharply and fell below the limit, causing the index to plunge. In the afternoon, it not only turned green, but also fell below the integer level of 2900 points. On the disk, beauty care led the rise, while food and beverage, architectural decoration, medicine and biology led the rise, while most other sectors performed poorly, led by the sharp decline in textile and clothing, while national defense and military industry, coal, non-financial and computer industries fell.
If yesterday’s market decline was mainly the panic after falling below 3000 points, today is a bit of a continuation of panic. However, today’s stock index fell below the 2900 point mark, and the biggest “hero” lies in the brokerage sector. For example, shortly after the opening, Huaxi Securities Co.Ltd(002926) will usher in the limit. The main reason for the decline is the poor performance of net profit in the first quarter. At present, not only Huaxi Securities Co.Ltd(002926) , the performance of the securities industry in the first quarter will be under pressure as a whole. Under the situation of individual stocks or performance differentiation, the overall performance will still be under pressure. Therefore, we can see that the overall decline of securities companies has also directly dragged down the market again.
At the same time, the time comes to the last week of April, which is also the last moment of the release of the quarterly report. Many varieties with poor performance will basically choose the last to publish their performance. In the form of this year, many white horse stocks fell directly because their performance was lower than expected, which also led to the continuous decline of the index. Therefore, in the last week, coupled with the relative panic that the index fell below 3000 points, it is expected that there is still the possibility of shock bottom.
So far, from yesterday’s rapid decline to below 3000 points, and today, the brokerage led the index to fall below 2900 points. The market has little resistance, which once again shows the current downturn of market sentiment and the weakness of rebound force. Although we previously believed that the index may have an oversold rebound in the short term due to the oversold rebound and the demand for technology recovery, the spark of rebound is still slim at present. In this process of rapid decline and sharp decline, it is not recommended to play a possible short-term game. Wait patiently for the issuance of band bottoming signal.
On the whole, the market below 3000 points is releasing panic, and there is still uncertainty in the short term. It is suggested to stay on the sidelines. However, it should be noted that after the continuous decline of a shares, the valuation has been at a historical low. From the medium-term perspective, the “falling value” has appeared. Below 3000, the space for the market to continue to decline is relatively limited, and more or began to “dig holes”. After a continuous decline, whether it is a short-term oversold rebound or a phased bottom, it will gradually begin to appear. In the wait-and-see, short-term investors can prepare for individual stock game, while middle line investors can continue to bargain hunting for strategic allocation.
