Sino-Singapore Jingwei Client, October 21. On Wednesday, A-shares fluctuated weakly in the afternoon, and individual stocks showed a general decline pattern. Big financials rose again in the afternoon, the concept of quantum technology rose, and vaccine stocks dived late.

　　Source: Wind

　　As of the close, the Shanghai Stock Exchange Index reported 3325.02 points, a decrease of 0.09%, with a turnover of 246.848 billion yuan; the Shenzhen Component Index reported 13,467.91 points, a decrease of 1%, with a turnover of 459.418 billion yuan; the GEM index reported 2700.53 points, a decrease of 1.46%.

　　Most industry sectors fell, with semiconductors, ships, electrical equipment, aviation, and IT equipment leading the decline; insurance, banking, advertising and packaging, household chemicals, and paper making the largest gains.

　　Semiconductors fell 2.78%. Among them, Xinjie Energy and Leon Micro bucked the market's daily limit, Fuman Electronics fell more than 10%, and Taiji shares fell more than 9%.

　　On the 21st, the insurance and banking sectors recovered. Insurance rose 2.03%, and none of the individual stocks fell; the banking sector rose 1.74%, the Bank of Chengdu rose over 6%, and the Bank of Guiyang, Bank of Changsha, and Bank of Ningbo followed their gains.

　　The concept sector also fell more and rose less, with lithography, gallium nitride, biomass energy, UHV, and desalination leading the decline; quantum technology, GDR-containing, e-commerce concepts, and Internet celebrity economic growth ranked first.

　　Lithography machine fell 3.38%, leading the decline in the concept sector. Guangxin Materials, Jingrui, Xinlai Yingcai, Feikai Materials and other stocks fell by their limit, while Ark Technology, Gaomeng New Materials, and Lanying Equipment fell.

　　Overall, a total of 874 stocks in the two cities rose, of which Jain Design, You Kede-W, ST Xiahua and other stocks rose more than 5%.

3,080 individual stocks fell, among which several stocks such as Furui Special Equipment, Zhejiang Furun and Western Superconductor fell more than 5%.

　　In terms of turnover rate, a total of 97 stocks have a turnover rate of more than 20%, of which C Panda has the highest turnover rate, reaching 88.09%.

　　Guodu Securities believes that in the near and medium term, the economic recovery trend is clear, the marginal convergence trend of monetary policy is established, the upward momentum returns to the basic logic, and structural opportunities may mainly be supplemented by procyclical low-value blue chips.

It is expected that with the implementation of the fiscal policy increase, the domestic economic stabilization policy is exerted, the economy gradually stabilizes and repairs, and the deepening reform of the capital market system accelerates, the large financial sector with low valuation is also expected to usher in the valuation restoration market.

　　According to the analysis of the research report of Aijian Securities, the market activity increased after the holiday, and the economic data was also more optimistic.

The market has certain support, but the development of the overseas epidemic is not optimistic, and the international market fluctuates at a high level.

At the same time, the current valuation of the market does not have many advantages and there is not much room for upside. If there is an adjustment, it will be beneficial to the future trend.

The market needs to switch between high and low positions, so fluctuations are inevitable in the switch.

In the short-term strategy, we still believe that it is not appropriate to be too aggressive, and we can focus on the cyclical sectors that benefit economic recovery at low valuations.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)