China News Client Beijing March 19 (Xie Yiguan) On March 19, A shares staged a "roller coaster" market. In the early trading, the Shanghai stock index fell more than 3%, fell below 2700 points, and the Shenzhen component index fell below the 10,000-point mark. In the afternoon, the three major stock indexes pulled back. At the end of the day, the Shanghai index lost 2700 points and recovered. The Shenzhen index returned to more than 10,000 points, and the GEM index turned tenacious.
As of the close, the Shanghai Index fell 0.98% to 2702.13 points; the Shenzhen Component Index fell 0.10% to 10019.86 points; the GEM Index rose 0.42% to 1894.94 points. The turnover of the two cities reached 822.4 billion yuan throughout the day.
On March 19, the Shanghai stock market trended intraday.
Northbound funds had a net outflow for 7 consecutive days, of which Shanghai Stock Connect had a net outflow of 5.635 billion and Shenzhen Stock Connect had a net outflow of 4.586 billion.
In the industry sector, communications equipment, semiconductors, the Internet, and components saw the largest gains. In the concept sector, there was a big outbreak of technology stocks. 5G concept, Tencent concept, chip and other related sectors were active, and the concept of lithography machines continued to strengthen.
On the disk, a total of 2191 shares rose in the two cities, with an limit of 80 shares; another 1,373 shares fell, and 25 shares fell. The 5G concept stocks staged a daily limit. 15 stocks including Yueling, Wuhan Fangu and Kexin Technology collectively closed the daily limit.
Recently, overseas epidemics have spread rapidly and international stock markets have plummeted. "A-shares will be affected by peripheral stock markets in the short term. Because the global financial market is now very interconnected, especially with the opening of China's capital market in recent years, foreign capital's participation in the Chinese market is also increasing." Bank of Communications Finance Chief Researcher Tang Jianwei said.
However, Tang Jianwei believes that in the medium and long term, China's capital market still has its own independent foundation. "Now the domestic epidemic situation has been basically controlled, and it will be immediately resumed production and production, which is the opposite situation overseas. Moreover, the overall valuation level of A shares is relatively low. If the market continues to fall, the valuation of A shares will be highlighted Advantage."
Xu Gao, chief economist of BOC Securities, also pointed out that the recent performance of the A-share market is mainly affected by external disks. Domestic investors do not need to panic. Compared with the outer disk, A shares are more resilient. The market trend is supported by fundamentals.
As the A-share market fluctuated sharply, over 10 billion funds entered the market through stock-type open index funds (ETFs). According to the calculation model of the stock ETF fund of Galaxy Securities Fund Research Center, on the 17th, the overall inflow of A-share ETF funds was 10.073 billion yuan.
Haitong Securities believes that with the decline of A shares again, the value depression effect of the Chinese market has become prominent again, coupled with the external funds brought by MSCI's increase of the A share inclusion factor to 25% this Friday (20th), which is expected to cause more The attention of a large number of foreign capital and domestic institutional funds has caused the early flight capital to return to the market again, driving the A-share market to gradually stabilize. (Finish)