Sino-Singapore Jingwei Client March 12th-The global market was volatile. The three major indexes of A-shares opened lower collectively in the early trading, and then maintained a weak and volatile trend. The concept stocks of masks surged and fell, and the chips, securities companies and other sectors rose in the plate, but they failed to bring up market sentiment, and the theme of the market lacked continuity.
As of 11:30, the Shanghai Composite Index was reported at 2928.80 points, a decrease of 1.34%, and the transaction volume was 196.058 billion yuan; the Shenzhen Component Index was reported at 10981.36 points, a decrease of 1.95%, and the transaction volume was 302.881 billion yuan; the GEM Index was reported at 2,054.24 points, a decrease of 2.25%. The net outflow of the Shanghai Stock Connect was 4.003 billion, and the net outflow of the Shenzhen Stock Connect was 1.181 billion.
Petroleum, agriculture, forestry, animal husbandry and fishing, mineral products, nonferrous metals, and transportation facilities led the decline in the industry sector; water services, semiconductors, and diversified finance rose slightly.
Oil plunged 2.88% for half a day, and none of the stocks rose. Shanghai Petrochemical Corp. fell more than 7%, Intercontinental Oil & Gas fell more than 5%, and CNOOC, Donghua Energy and Maohua Shihua fell more than 4%.
In the concept section, medical waste treatment, special steel, and aquatic products were active against the market; the seed industry, pork, eco-agriculture, oil and gas reform, and gold concepts fell the most.
The seed industry fell 3.74%, leading the concept segment. All stocks were green. Dabei Nong fell more than 6%. Quanyin High-tech and Shennong Technology fell more than 5%. Dunhuang seed industry and new agricultural development fell.
Overall, a total of 595 stocks in the two cities rose, of which 88 stocks including Aotexun, Foci Pharmaceuticals, and Weiming Pharmaceutical rose more than 5%. 3,129 stocks fell, of which 85 stocks, such as Jinfa Technology, Beijing Food Holdings, and Zhongji Xuchuang, fell more than 5%.
In terms of turnover rate, a total of 20 stocks have a turnover rate of more than 20%, of which Zhende Medical has the highest turnover rate of 45.6%.
In addition, the global market panic is heating up. After US President Donald Trump gave a national TV speech, US stock futures fell even more, Dow Jones futures fell more than 4%, and Nasdaq futures hit a limit of 7590 stop loss. The decline in international crude oil also continued to expand, and the decline in WTI crude oil expanded to 5%. Shanghai crude oil futures main contract limit, reported at 256.2 yuan / barrel; fuel main contract limit.
Regarding the follow-up market trend, Galaxy Securities analysis shows that the overseas epidemic situation is not optimistic. Under the circumstance that the external stock market is facing downward adjustment pressure, the short-term A-share market may fluctuate and adjust. It is recommended to actively grasp the mid- and long-term position opening opportunities brought by the recent callback of the international market shocks. China's epidemic effectively controlled the orderly resumption of work. Falling oil prices reduced the risk of inflation. In addition, the Federal Reserve cut interest rates and provided sufficient liquidity. Future control policies are expected to continue to exert force. After the global market shocks and adjustments, China's stock market has ample room to rise.
Zhongyuan Securities Research reported that, considering the current domestic epidemic situation has improved greatly, the situation of overseas epidemics is still more serious, the risk aversion mood of all parties in the market is still high, and the probability of recent large fluctuations in the outer disk is still high. The recent performance of the A-share market is obviously more robust than that of the external disk. Before many uncertain factors are fully digested, the future market's leading hotspots still need to be fully brewed. It is expected that the short-term fluctuation of the Shanghai Stock Index will continue to be around a narrow range of 3,000 points. It is more likely that short-term fluctuations will continue. (Zhongxin Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky and you must be cautious when entering the market.)