As suggested on Thursday in this column, due to the increasingly strong pre festival atmosphere, the annual line that has repeatedly shown support may bear heavy pressure under the guidance of investors’ exit mentality before the festival. If the transaction volume of A-Shares really shrinks on Friday, the Shanghai index will break through the annual line. At the close, the Shanghai Composite Index closed at 3522.57 points, down 0.91%; Shenzhen composite index reported 14029.5 points, down 1.19%; Gem index reported 3034.68 points, down 1.02%.
Under the low popularity, the trading volume was not enlarged again on Friday, but the trading volume shrank. Throughout the day, transactions in Shanghai and Shenzhen were 417.8 billion yuan and 566.7 billion yuan respectively. However, it is necessary to note that although the stock index fell continuously recently, there was a net inflow of funds from the north again on Friday, with an amount of nearly 9 billion yuan.
On Thursday, the financial sector, which took on the important task of protecting the market, played a lonely again, and fell down on Friday. The relatively active highlights appear in coal, tourism and other sectors, which is also related to the approaching of the long holiday, but generally speaking, it is difficult to curb the decline of the market.
Hunan stocks also did not improve much on Friday. Only 33 stocks were red and 5 stocks rose by the limit, showing strong Zhuang characteristics again. Thanks to the overall activity of the tourism sector, Huatian Hotel Group Co.Ltd(000428) won the top of the list of Hunan stocks. At present, it seems that the stock shows the characteristics of wide oscillation in the big bottom, and has not shown the potential of medium and long-term rise for the time being. The Chang Lan Electric Technology Co.Ltd(002879) with the same trading limit walked out of the rising channel in a low-key. This trading limit turned around and picked up after exploring near the medium-term moving average system. Investors can pay appropriate attention to this UHV concept stock. The Hengli Industrial Development Group Co.Ltd(000622) , Zhuzhou Smelter Group Co.Ltd(600961) is the limit after a more sufficient correction. Whether the market can continue remains to be further observed.
With the end of trading this week, Shanghai and Shenzhen stock markets have only one week before the Spring Festival of the year of the tiger. This period of time will be a difficult stage for investors with heavy positions, but we must see that in the difficult stock market, investors who can really make money can often restrain their fear and abandon others. The sharp net inflow of northbound funds on Friday may explain the problem to some extent. Therefore, at this time, it is not recommended that investors kill and clear their positions too much. Active investors can even consider reverse to a certain extent and build their positions in batches, especially in the second half of next week.
