Chinanews client, Beijing, September 24 (Reporter Xie Yiguan) US stocks fell sharply overnight. On September 24, the three major A-share stock indexes collectively weakened and maintained a volatile downward trend throughout the day. The industry sector was exhausted, driving "funds" Fell" on the hot search.
As of the close, the Shanghai Composite Index fell 1.72% to 3,223.18 points; the Shenzhen Component Index fell 2.24% to 1,281.61 points; the ChiNext Index fell 2.46% to 2,35.87 points.
In Shanghai and Shenzhen stock markets, 3665 shares fell, 23 shares fell by the limit; only 317 shares rose, and 25 shares rose by the limit.
Shanghai index daily chart.
Under the market downturn, the net outflow of northbound funds was 12.168 billion yuan, and the single-day net sales reached a new high in nearly 2 months. This week has been net outflows for 4 consecutive days.
Although the turnover of the whole day was higher than the previous trading day, it was only 679.31 billion yuan.
On the disk, the industry sectors fell across the board, with electrical equipment, mineral products, non-ferrous metals, daily chemical industries and other sectors leading the decline; in the concept sector, polysilicon fell more than 6% to lead the market, and the photovoltaic concept, superconducting concept, ETC concept, etc. Weak, only the seed industry closed slightly.
"Recently the index has weakened again. On the one hand, it is affected by the intensified volatility of overseas stock markets. On the other hand, as the long holiday approaches, the market is worried about the uncertainty of news during the long holiday, and market risk appetite is difficult to rebound." Guotai Junan pointed out that from historical statistics. Look, before the long holiday, the market is dominated by a downturn, but after the holiday, the probability of rising is as high as 80%.
"At present, the Shanghai Index is close to the area of 3,200 points on the lower edge of the cabinet, and there is little room for further decline. The index near the lower edge of the cabinet is expected to gradually stabilize." Guotai Junan believes.
“The current fundamentals of A-shares are still relatively stable. After a large number of IPOs on the Science and Technology Innovation Board and ChiNext, corporate financing channels have been further broadened, and social and economic activity is expected to further increase.” Zhongyuan Securities analyst Yang Zhenyu said, although the current valuation is structurally repaired The process is less related to fundamentals, but the business climate provides a more favorable fundamental environment, and the market risk appetite is more secure, which is conducive to strengthening the market rotation expectations.
"At present, the market is still in the stage of continuous bottoming. From a macro perspective, the economy will be more resilient this year. With the steady and loose monetary policy, the mid- to long-term judgment of the upward trend of A-shares will be maintained." Shanxi Securities said.
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