Rongwei securities Liu Sishan: shrinking capacity restricts the rebound, and the market fluctuates in a narrow range throughout the day

The market fluctuated in a narrow range around the flat market all day, and all closed in a small cross, and the three major indexes fell slightly. On the disk, the theme sectors are active in turns, and the hot spots rotate rapidly. Many stocks in the clothing and textile sector rose by the limit, and automobile stocks also rose strongly. In terms of decline, cyclical stocks performed poorly. Overall, individual stocks rose more and fell less, with more than 2700 stocks rising in the two cities. Although the index was adjusted, individual stocks performed actively, and the two cities reappeared the trading limit of more than 100 stocks. The turnover of Shanghai and Shenzhen stock markets today was 770.3 billion, a decrease of 19.7 billion compared with the previous trading day. As of the close, the Shanghai index closed at 308598 points, down 0.25%, the Shenzhen composite index closed at 1120808 points, down 0.2%, and the gem closed at 236538 points, down 0.26%.

In terms of sectors, other sectors such as manufacturing, clothing and textile, East West calculation, education and transportation led the increase, while glyphosate, coal, airport shipping and cro led the decline. The textile industry rose sharply, Huafang Co.Ltd(600448) limit, Anhui Korrun Co.Ltd(300577) limit, Zhewen Pictures Group Co.Ltd(601599) limit, Shanghai Dragon Corporation(600630) limit, Wuhu Fuchun Dye And Weave Co.Ltd(605189) limit rose by more than 6%. The East and West opened up strongly, Beijing Asiacom Information Technology Co.Ltd(301085) 20% limit, Beijing Zznode Technologies Co.Ltd(003007) limit, Beijing Topnew Info&Tech Co.Ltd(300895) more than 6%, and Ucloud Technology Co.Ltd(688158) – W more than 5%. Other manufacturing changes, including Clenergy(Xiamen)Technology Co.Ltd(603628) limit, Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) limit, and Huatai technology increased by more than 5%.

After each big rebound, the trading volume can not keep up, which is a weak signal, indicating that the demand is insufficient and it is easy to brew a callback. However, it takes time for A-Shares to bottom, but the resistance of periodic long is less than that of short. At present, the valuation of the A-share market has been at an all-time low, and the stocks of most sectors are Beijing Zhidemai Technology Co.Ltd(300785) in. Although the position level of some 10 billion yuan private equity funds is not high, they have high expectations for the future market. The index is expected to usher in an inflection point in the third quarter, when the position level of private equity funds will be greatly improved. On the current meal market, it is suggested to grasp the rebound window period, but it is not suitable to catch up with the high. The focus of stock selection is on low-risk characteristics. For stocks with undervalued value, performance and high performance certainty, the subdivided leader will be better than the tail company.

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