On Wednesday, A-Shares were roughly flat and the transaction narrowed slightly. As of the close, the stock index fell 0.25% to 308598 points. The weak performance of bank stocks and coal stocks is also the main reason for the slightly weak performance of the Shanghai index. Following the inflow of the previous day, the northbound funds had a small net outflow of 2.277 billion yuan on Wednesday.
Among the varieties with small weight, the leading gainers were automobile, digital economy and textile stocks. Auto stocks have been strengthening for some days, which is mainly related to the recent market expectation of cars going to the countryside.
Pharmaceutical stocks and airport shipping stocks led the decline. China’s epidemic data have been repeated, coupled with the obvious rise in international oil prices in recent days, so the airport shipping stocks fell.
It is worth mentioning that the trading of Shanghai U9 Game Co.Ltd(600652) , Baotou Tomorrow Technology Co.Ltd(600091) , Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , Cred Holding Co.Ltd(600890) , Hubei Wuchangyu Co.Ltd(600275) , Lawton Development Co.Ltd(600209) was suspended. These companies announced overnight that they would enter the “delisting and consolidation period” from May 25 and terminate their listing within five trading days after June 15 of the last trading day.
If investors happen to own such companies unfortunately, they must remember to dispose of the shares in time. I usually contact a lot of investors. I have indeed met some investors who do not know about the delisting of stocks, and there is far more than one person, so I feel it necessary to remind them.
The favorable policies are still being launched one after another. The SASAC held a “special promotion meeting on deepening the reform of state-controlled listed companies and striving to be a three-year action model for the reform of state-owned enterprises”. One content of the meeting is beneficial to the stock market, which is that it encourages group companies of state-owned enterprises to increase their holdings of stocks of listed companies with undervalued value in a timely manner. At the same time, it also encourages state-owned listed companies to implement share repurchase in a timely manner to enhance investor confidence.
Shanghai is in the process of orderly resumption of work. The restoration of normal order can be fast or slow, which is obviously related to the follow-up development of the epidemic. Weakening the intensity of sealing and control is usually easy to cause the recurrence of the epidemic. After all, the flow of people is large, but if the epidemic data is in a downward spiral state, investors can dilute this factor at that time.
The LPR interest rate will probably be lowered on Friday, so some bulls will operate on this positive expectation in the short term. The stock index is still expected to expand upward. It is suggested that investors hold shares and wait-and-see, and then operate according to the actual situation on Friday.
