Today, the three major A-share indexes fell by more than 2%, of which the Shanghai index fell below 3500 points. As of the close, the Shanghai index fell 2.58%, the Shenzhen composite index fell 2.83% and the gem index fell 2.67%. More than 4300 shares fell in the two cities. It should be noted that some stocks that have suffered continuous crazy speculation have also ebbed, and the overall trading atmosphere of the market is under pressure. The Hang Seng Index of Hong Kong stocks also fell slightly in the late trading, now at 24023.61 points, down 2.61%, about 643 points; The Hang Seng technology index fell 3.5%. Among the stocks, meituan, JD group and Xiaomi fell more than 4%, Alibaba fell nearly 3% and Tencent fell 1.6%. The Nikkei fell 1.66%.
the Shanghai index fell below 3500 points and the three major stock indexes fell more than 2%
Market data show that the main index of the A-share market fell again this afternoon, Shanghai index fell below 3500 points to close at 3433.06 points.
Gem refers to falling behind the integer mark of 3000 points. The overall turnover of A-Shares reached 936.8 billion yuan, the industry sector showed a general downward trend, and the number of falling stocks exceeded 4333.
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In terms of individual stocks, with the weakening of the market trend, has recently seen a number of consecutive limit stocks.
Yesterday’s Huabao Flavours & Fragrances Co.Ltd(300741) of the “20cm” limit plunged again today. It once fell more than 19% in the morning and narrowed to 11% in the late afternoon. Yesterday morning, Huabao Flavours & Fragrances Co.Ltd(300741) announced that Zhu linyao, the actual controller of the company, was put on file for investigation.
Since then, the company has received a letter of concern from the management department of GEM companies of Shenzhen Stock Exchange. The above letter of concern from Shenzhen stock exchange requires Huabao Flavours & Fragrances Co.Ltd(300741) to supplement seven aspects, including the information the company has so far mastered on the specific matters of the investigation of Zhu linyao’s violation by Leiyang supervision committee, whether it has taken compulsory measures against Zhu linyao, and whether it involves corporate responsibility. If so, whether the company is suspected of major violations, etc.
institutions look at the future market like this
For the future market trend, institutions have expressed their views.
China Securities Co.Ltd(601066) Securities believes that the position should not be reduced at present, but should be increased gradually. After the Spring Festival, the market risk appetite improved, the issuance of new funds warmed up, and the FOMC meeting of the Federal Reserve made the expectation of raising interest rates bearish, which is expected to form a favorable time window from after the Spring Festival to before the two sessions. At present, our view on the follow-up market has become more positive. It is suggested to cherish and grasp the upcoming counter attack market.
Haitong Securities Company Limited(600837) said that the spring market of A-Shares has never been absent in the past 20 years, and the spring market with the background of stable growth policy, such as 2012, the end of 2014 – the beginning of 2015 and 2019. The common characteristics of the steady growth spring market are: value first and then growth. In the early stage, the value of Shanghai and Shenzhen 300 and national securities led the rise, and in the later stage, the growth of gem and national securities led the rise. The steady growth policy is clear this time. The market background in spring is similar to that in the previous three times. The value and growth are expected to take turns, such as underestimated large finance, real estate and hard technology of new infrastructure.
Huaxi Securities Co.Ltd(002926) said that the power of incremental funds to enter the market in the near future is insufficient, and the market sentiment may be light. Near the Spring Festival, A-Shares are affected by the disturbance of the Federal Reserve’s monetary policy and the uncertainty of the news before the long holiday. The power of incremental funds to enter the market is insufficient, and A-Shares still show the characteristics of structural market. Since December, China’s steady growth policy has made forward-looking efforts, the market is in a “wide money” window period, and macro liquidity is expected to remain relatively loose. Structurally, “wide credit” is the ultimate demand of the central bank for wide money. Infrastructure and real estate are important. The real estate regulation policy is expected to be marginal loose. Urban renewal, affordable housing construction and new infrastructure are the key directions. In terms of configuration, it is suggested to focus on “undervalued blue chip”: first, it is related to traditional infrastructure, such as banks and building materials; Second, the real estate and its upstream and downstream industrial chain benefiting from the marginal improvement of real estate policy. Focus on topics: digital economy, meta universe, traditional Chinese medicine, etc.
