Today, the stock indexes of the two cities opened normally. After that, the Shanghai index took the lead in rising, continued to decline at 9:46, rebounded after 11:11 and closed at noon, while the gem was mainly adjusted in the morning; In the afternoon, the stock index was mainly adjusted; Disk hot spots: chicken, CDR, pork, covid-19 drug concept, insurance, brokerage, banking, wine making, medicine and other sectors performed strongly; Overall: today's market presents a differentiated market, and the main board is stronger than the gem.
Last Friday, the Shanghai stock index slightly pierced the annual line. On Monday and Tuesday, the index rose continuously and quickly recovered from below the annual line. This is a sensitive location. Precisely because of this, Fan Bo of Xiangcai securities clearly pointed out in his post trading article on Tuesday (18th) that "today's sharp rise in financial stocks is of great significance". Why should this view be specially emphasized? It is because the Shanghai index plays the role of guard in the overall A-share market. The guard can not soar most of the time due to his physical weight, but it is meaningful to take action at sensitive critical moments. Several band bottoms of the Shanghai index in the first half of the year were generated near the annual line, which deserves special attention.
In terms of policy, today's central bank press conference released a signal that the one-year and five-year loan market quotation interest rate (LPR) will be lowered at the same time. Among them, the LPR interest rate over 5 years is the first adjustment in 21 months. In particular, the LPR adjustment with a maturity of more than 5 years means that the impact on housing loans is very obvious. Stimulated by this news, the real estate and banking sectors in A-Shares performed better today.
However, we were not too excited about the trend of the stock market after the interest rate cut. Yesterday, we specially wrote "the central bank rarely releases water, how does the stock market go?" The article said: "the statement of the central bank's positive water release is absolutely beneficial to China's economy, but the probability of the stock market soaring is not high. It is a high probability event to continue the structural market in the future. Investors still need to polish their strategies, otherwise it has nothing to do with you."
Looking at today's disk performance, A-Shares did not rise sharply stimulated by the interest rate cut. They still interpret the structural market in their own way, which is basically consistent with our judgment. Elephant level heavyweights such as finance, real estate and wine making performed strongly. At the other end of the seesaw, there were adjustments to eight categories of stocks. In fact, this is also normal, because other stocks were very active when heavyweights were adjusted before. On the disk, the daily limit has been reduced, but some individual stocks are still active, mostly around the low-end stocks in the hot spots. Investors need to pay special attention to this principle and firmly implement it in the process of operation.
To sum up: the Shanghai index and the Chuang composite index are still above the annual line, indicating that the nature of the market has not changed for the time being, and the micro fluctuation of the index is not large, but the fluctuation of individual stocks is very intense, which is an inevitable trend under the registration system. Adhering to the principle of mining individual stocks at a low level is particularly important in the era of the registration system.
