Chinanews.com client, Beijing, September 9th (Reporter Xie Yiguan) On the 9th, the three major A-share stock indexes collectively weakened, and the Shanghai stock index fell below the 3,300 mark. Affected by the sharp drop in technology stocks, the GEM index fell more than 5 in intraday trading. %, low-priced stocks that hot money pursued hype have plummeted.
As of the close, the Shanghai Composite Index fell 1.86% to 3254.63 points; the Shenzhen Component Index fell 3.25% to 12861.75 points; the ChiNext Index fell 4.80% to 2523.40 points, falling below 2600 points.
A total of 3192 stocks in Shanghai and Shenzhen stocks fell, 26 stocks fell by the limit; 687 stocks rose, and 41 stocks rose by the limit.
GEM refers to the candlestick chart.
Although the index continued to weaken, and the net outflow of northbound funds was 3.758 billion yuan throughout the day, market sentiment continued to pick up, and the 9th trading volume of the two cities remained at the trillion level.
On the disk, the semiconductor, culture, education and leisure, environmental protection, food and beverage, pharmaceutical and other industries saw the highest declines, while steel, transportation services, aviation, and transportation facilities closed up against the market; in terms of the concept sector, it was affected by the "AstraZeneca Phase III clinical trial". Affected by bad news about the suspension, the biovaccine sector plummeted by more than 7%.
It is worth noting that the low-priced GEM stocks that have recently risen soaring by the pursuit of funds collectively dived in the late trading. The low-priced GEM stock index plummeted by more than 10% in one hour, and finally closed down by 11.55%. This scenario is in A shares. It is rare in the market.
As of the close, low-priced stocks such as Rongjie Health, Huayi Schwab, Dulwich New Materials, and Tiehan Eco have all fallen more than 15%.
"Since the pilot registration system for the GEM, short-term sentiment has been active, low-priced GEM stocks have been popular in the market, and subject matter speculation has been active. However, supervision has repeatedly voiced warnings of risks, and the rotation of the subject-based sector will come to an end and the market will operate. Will return to the fundamentals." Shanxi Securities analyst Ma Wenyu said.
Regarding the market outlook, in Ma Wenyu's view, the big index continued to fluctuate this Wednesday. Both the Shanghai Stock Exchange Index and the ChiNext Index tried to break through the box, but the trading volume was lower than the previous high, making the breakthrough more difficult.
Considering that fund issuance remained high in August, institutional funds have supported the market and the US economic data has shown signs of improvement, it is expected that the index will continue to be volatile in the short term.
"There is no systemic risk in the current market." Zhang Qiyao, chief strategy analyst at Guosheng Securities, said that after the consolidation, he remains optimistic about the market outlook.
Although consumption and technology have undergone short-term adjustments, from the perspectives of prosperity, capital, and policies, the two main lines have not changed.
Zhongyuan Securities analyst Yang Zhenyu believes that A-shares are more manifested in the "valley-filling" market in July and the overseas market has spurred valuation "peak cutting" under the background of turbulent markets. Market performance is within the normal adjustment range. Hejian construction may become a relatively stable sector in the "peak cut", and the strong cyclical sector has low valuations but limited opportunities. (Finish)