Although the financial sector made great efforts to attack, the stock index rose and fell on Thursday due to the decline of the subject sector, and the weak oscillation pattern has been maintained recently. At the close, the Shanghai Composite Index closed at 3555.06 points, down 0.09%; Shenzhen composite index reported 14198.3 points, down 0.06%; Gem index reported 3065.99 points, down 0.32%. Throughout the day, transactions in Shanghai and Shenzhen were 459.7 billion yuan and 669.3 billion yuan, an obvious increase over Wednesday.
Throughout the disk, the financial sector became the biggest winner on Thursday. 44 stocks in the securities sector were red, Chinalin Securities Co.Ltd(002945) rose by the limit, and only 3 stocks fell; Among the bank stocks, 37 closed up, and only 3 of the newly listed Lanzhou bank also fell; The insurance sector is also almost red across the board. Due to the weakness of the market recently, the financial sector seems to support the market against the market, but in fact, the current position of the stock index should still be within the acceptable range. It is estimated that the strength of the financial sector is more due to the approaching of the Spring Festival. Most of the other subject sectors have a large cumulative increase and are temporarily shelved by capital institutions. The financial sector is relatively safe because of its performance support, Therefore, it has become a safe haven before the capital Festival. In addition, pork and digital currency sectors also performed relatively well. However, the performance of meta universe, new energy, education, oil and gas exploitation and other sectors is very weak. In particular, the decline of meta universe and new energy has a great impact on the popularity of the venue.
From the technical analysis, the Shanghai index has returned to the annual line area again, and it will be more important whether it can be supported here again. However, from the current market mentality, it is only 6 trading days away from the long holiday of the Spring Festival, and some on-site funds are still willing to leave. Therefore, it is estimated that the annual line will bear a great test.
Under the selling pressure of the theme sector, Hunan stocks did not perform satisfactorily on Thursday. 115 stocks fell throughout the day, and only 15 stocks rose, Tus- Pharmaceutical Group Co.Ltd(000590) ranked first in the list of Hunan stocks on Thursday in the way of trading limit. According to the opening, the rise of Tus- Pharmaceutical Group Co.Ltd(000590) has a certain supplementary meaning. After all, in the recent crazy rise of the traditional Chinese medicine sector, the rise range of the stock is relatively limited, and its performance is still above the middle. However, since the stock fell in April 2019, it has been in a weak situation as a whole. The current trading volume seems to be insufficient to support the trend reversal. In view of the obvious signs of overall correction in the traditional Chinese medicine sector, investors should be cautious when intervening at the current price.
It is worth mentioning that Changsha Tongcheng Holdings Co.Ltd(000419) . The stock has recently strengthened with the collective upward attack of the tourism and hotel sector, and the performance is good. From the graphic observation, the stock has frequently made large-scale upward attacks recently, has harvested two trading limits, and touched the trading limit on Thursday. At present, the stock has broken away from the bottom formed since June 2018, and the trading volume has been greatly enlarged. In view of this situation, investors can pay close attention and try to bargain hunting.
Hunan stocks with large declines on Thursday were those with large cumulative gains in the early stage, including Hunan Yujing Machinery Co.Ltd(002943) , Yueyang Xingchang Petro-Chemical Co.Ltd(000819) , which once again warned investors that in the face of the withdrawal of funds before the Spring Festival, individual stocks with huge cumulative gains still have a large callback risk and should not blindly copy the bottom.
