On Thursday, A-Shares were first depressed by the sharp decline of US stocks overnight, but then stubbornly turned red. As of the close, the Shanghai stock index rose 0.36% to 309696 points, and once fell 1.40%; The Kechuang 50 index rose 2.20%.
The science and innovation board uses the component stock index. If individual heavyweights happen to rise, the index will be distorted. Therefore, investors may have to observe all the individual stocks of the science and innovation board in order to really draw the conclusion of the strength of the board.
Most heavyweights such as banks performed mediocrely, and only a few photovoltaic stocks such as Longi Green Energy Technology Co.Ltd(601012) performed well. Most non heavyweights rose, among which, in addition to photovoltaic stocks, infrastructure, real estate and semiconductors performed better, while the falling varieties were mainly concentrated in oil and gas, Internet e-commerce, food processing and other sectors.
Northbound funds bought a net 5.125 billion yuan throughout the day, which may be of some positive significance, as Hong Kong stocks fell sharply on Thursday and US stocks also fell sharply overnight. In some important cities in China, the resumption of work is in-depth and the policy is stable. The signals of the economy and appeasing science and technology enterprises and private enterprises are constantly strengthened. In addition, the RMB exchange rate has stabilized. These factors should provide some confidence in northward funds.
Other news is also a little good for the stock market. As for LPR, it will be released on Friday. According to recent signs, most people in the market believe that it will decline slightly this time. Generally speaking, even some people who want to short in the market tend to cash in after the good, so this factor will form some support at least temporarily on Thursday.
In addition, expectations that the United States may reduce tariffs on some Chinese goods were rekindled this week. Earlier this week, Yellen, chairman of the Federal Reserve and now US Treasury Secretary, once again proposed to reduce tariffs on some Chinese products. In addition, at a regular press conference on Thursday, a spokesman for the Ministry of Commerce said: under the current situation of high inflation, the cancellation of tariffs imposed by the United States on China is in the fundamental interests of American consumers and enterprises, which is beneficial to the United States, China and the world.
On Friday morning, investors obviously have to look at the above LPR interest rate trend first, and pay special attention to some institutional trends that love to do the opposite with the news. Quick short-term investors may also consider making a price difference first, that is, if the interest rate does indeed decline, they will sell first and then pick it up on intraday bargain hunting. However, perhaps most investors do not have this ability, so it is good to hold shares and wait-and-see.
