The market rose all day, fell back and dived in the afternoon. The three major indexes hit a new low, and the Shanghai Composite Index fell below the integer mark of 2900 points. On the disk, less than 10 sectors rose, mainly consumer medicine. In terms of decline, brokerage stocks fell sharply today, dragging down the index. Overall, individual stocks fell more and rose less. More than 3900 individual stocks in the two cities fell, and nearly 300 stocks fell by the limit or more than 10%. The turnover of Shanghai and Shenzhen stock markets today was 838.8 billion, a decrease of 58.1 billion compared with the previous trading day. In terms of sectors, fentanyl, duty-free stores, hepatitis, super brands and other sectors led the increase, while textile and clothing, coal, securities, secondary new shares and other sectors led the decline.
sector
Today’s market hot spots are closely centered on the main line of “stable growth”. The major consumption direction took the lead in ushering in a rebound, with hotel catering, wine making, food and beverage and other sectors leading the increase. In terms of news, after hours yesterday, the State Council issued opinions on further releasing consumption potential and promoting the sustained recovery of consumption, emphasizing the important position of restoring consumption. In the context of the sharp dive of the index this afternoon, the large consumer sector can still show relative resistance, which is enough to reflect that the emerging funds still maintain a high degree of recognition in this direction, which is still one of the directions with high market certainty.
In addition, real estate and infrastructure also had a good performance today, but in the afternoon, dragged down by the index diving, the differentiation within the big consumer board was more obvious. As the real estate and infrastructure sector accumulated more hold up selling pressure in the early correction process, and the consolidation time is relatively short, the overall difficulty of the sector to become stronger immediately is still not low. However, under the policy expectation of stable growth, there may be some stock opportunities within the sector.
The reason why the index dived in the afternoon today was dragged down by the afternoon limit of several brokerage stocks. On the news side, the National Computer Virus Emergency Response Center recently found privacy irregularities in 17 mobile apps through monitoring, involving 13 brokerage apps and 4 third-party stock speculation software. The deeper reason may be the release of panic under the lack of market confidence. The rebound of the index in early trading today did not attract much off-site funds to enter the market to copy the bottom. On the contrary, some on-site funds focused on consumption and infrastructure, which exacerbated the panic of vulnerable sectors in the market. According to past experience, there is a high positive correlation between securities companies and the main board. When the securities sector is still unable to stop in the follow-up trend, the probability of further bottoming of the index is still high.
In addition, today’s track direction also continues the weak downward trend, such as Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Yunnan Energy New Material Co.Ltd(002812) and other weights continue to refresh the new low of the stage. Looking back at the beginning of this round of index decline, it was triggered by track stocks. Therefore, if the index wants to achieve stability in a real sense, the track direction must at least get rid of the inertia of concussion and decline and enter the horizontal bottom building stage.
individual shares
The trend of popular stock Zhejiang Construction Investment Group Co.Ltd(002761) today was more than expected. Under the background of being smashed by the lifting of the ban funds late yesterday, it was quickly closed early in the opening stage today. Lay a good emotional foundation for today’s comprehensive rebound in infrastructure and real estate. It is expected that there will be further repair in the future, and Zhejiang Construction Investment Group Co.Ltd(002761) can be temporarily regarded as a wind vane for the popularity of the infrastructure sector. In terms of the height of the infrastructure sector, the focus is on Shanghai Geoharbour Construction Group Co.Ltd(605598) . After successfully realizing the reverse contracting, the unit is promoted to three consecutive boards and is likely to become the pioneer of this round of rise, which is expected to further open the space height of the sector.
The retail sector is still the most elastic in the direction of large consumption. For example, Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) , which suffered a rush of funds at the end of yesterday’s trading, successfully realized the reverse contracting at the opening stage and completed the 7-day 6 sector. Yinchuan Xinhua Commercial (Group) Co.Ltd(600785) has also been promoted to the third board in the form of a word board. The representatives of the high sentiment in the direction of large consumption of these two stocks can still look for opportunities to make up for low-level stocks in the large consumption sector when they can continue to be strong in the future. On the contrary, once the tide ebbs again in the future, it is still appropriate to see more and do less before the market loss effect is completely repaired.
aftermarket analysis
As of the close, the Shanghai index fell 1.44%, the Shenzhen composite index fell 1.66% and the gem index fell 0.85%. Northbound funds bought a net 1.543 billion yuan throughout the day, including 278 million yuan sold by Shanghai Stock connect and 1.821 billion yuan bought by Shenzhen Stock connect.
As analyzed in yesterday’s review, the market is seriously lack of confidence after a continuous sharp decline. When the market cannot have a strong restorative rebound, the possibility of further decline cannot be ruled out. Although the index closed slightly red this morning, the internal differentiation is more serious. The profit-making effect of the market is mostly concentrated in the direction of consumption and infrastructure, while the loss effect of other sectors has not been reduced. Therefore, it is reasonable for the index to dive in the afternoon, dragged down by the limit of several securities stocks. The stock index is expected to usher in a correction rebound in the short term after a sharp drop of 300 points in just one week. At that time, the rebound channel is still the key. It still needs to stand back on the 5th line in the form of rising price and volume, and there may be some space for the subsequent rebound.
In terms of sentiment, it rose 754, an increase of 603 over the previous trading day. Excluding ST shares and unopened new shares, the daily limit was 42, an increase of 17 over the previous trading day; Fried sector 44, an increase of 30 over the previous trading day; Gem / Kechuang board stocks rose by 3, the same as the previous trading day; There were 6 drop limits, 5 less than the previous trading day.
In terms of sentiment indicators, the market sentiment returned below the freezing point again after diving in the afternoon. According to past experience, after the emotional side reached the bottom twice, the market is expected to open a new cycle.
market highlights
1. Shanghai Securities, futures and Fund Industry Association issued a voice: firmly maintain market stability and give full play to the positive role of industry institutions
The financial Associated Press reported on April 26 that the Shanghai Securities and Futures Association, the Futures Association and the Fund Association jointly issued the notice on matters related to further improving the epidemic prevention and control and serving the economic development of the Shanghai Securities and futures fund industry, pointing out that in order to further coordinate the epidemic prevention and control, market stability and services to support the economic development of Shanghai, the securities and futures fund operating institutions in Shanghai All employees should strengthen their confidence and keep their concentration; Fulfill the main responsibilities and make relevant work arrangements; Firmly maintain market stability and give full play to the positive role of industry institutions. Professional institutional investors should fully reflect the responsibility, practice and adhere to the concept of long-term investment and value investment. Based on the in-depth analysis of enterprise fundamentals, make medium and long-term layout, firmly hold, actively play the role of capital market value discoverer and operation stabilizer, enhance market confidence and lay a solid foundation for the stable development of the market. (SSE report)
2. Inactivated vaccine of Omicron mutant covid-19 virus of Sinopharm group obtained clinical approval from the State Food and Drug Administration
The inactivated vaccine of Omicron variant covid-19 virus of Beijing Institute of biological products of Sinopharm group has obtained the clinical approval issued by the State Food and Drug Administration of China. In the form of randomized, double-blind and cohort study, China biology will conduct a sequential immune clinical study among people aged 18 and over who have completed 2 or 3 doses of covid-19 vaccine to evaluate the safety and immunogenicity of inactivated covid-19 virus vaccine of Omicron variant.
