Chinanews client, Beijing, January 26 (Reporter Xie Yiguan) On the 26th, the three major A-share stock indexes collectively oscillated downward, and the pre-funded "grouping" sectors such as military industry, medicine, liquor, and lithium batteries were all misfired. The Shanghai index finally fell to 3,600 points. The GEM index fell below 3300 points.
As of the close, the Shanghai Composite Index fell 1.51% to 3,569.43 points; the Shenzhen Component Index fell 2.28% to 15352.42 points; the ChiNext Index fell 2.89% to 3258.36 points.
The Shanghai index daily chart.
In terms of capital, the northbound capital turned around, and the net outflow was 3.541 billion yuan throughout the day, of which the net outflow of Shanghai Stock Connect was 2.916 billion yuan and the net outflow of Shenzhen Stock Connect was 625 million yuan.
Although the full-day turnover of the two cities exceeded one trillion yuan, compared with the previous trading day, the turnover exceeded 1.2 trillion yuan.
On the disk, a total of 2496 shares in Shanghai and Shenzhen stock markets fell, 44 shares fell by the limit; 1474 shares rose, and 80 shares rose by the limit.
Benefited from the news that "Muyuan shares expected earnings in 2020 to increase by more than three times year-on-year", pork stocks rose against the trend.
Industries such as aviation, daily-use chemicals, shipping, securities, and healthcare have fallen sharply.
The national defense and military industry sector is now at a lower limit, and more than a dozen related stocks, such as Tianhai Defense, Kingsignal, and Tongyou Technology, have fallen.
Due to the heavy setback of individual stocks in the sector, "Military Industry" directly rushed into the hot search on Weibo.
In terms of institutional analysis, the collective slump of the military industry sector originated from Tianhai Defense’s sudden investigation by the Securities Regulatory Commission.
On the evening of the 25th, Tianhai Defense issued an announcement stating that on January 25th, it received the "Investigation Notice" from the Securities Regulatory Commission. Because the company was suspected of violating relevant securities and futures laws and regulations, the China Securities Regulatory Commission decided to initiate an investigation of the company.
Will A shares continue to pull back?
"The hot sales of public funds since the beginning of the year have provided support for the improvement of market micro-liquidity, but the daily MACD red column contracted slightly, indicating that the market has momentum for adjustment. The rise of core blue chips supports the market valuation, but the valuation- The decline in profitability and price-performance ratio has become a consensus." Huaxin Securities Chief Strategy Analyst Yan Kaiwen pointed out that at present, ample micro-liquidity is the core factor driving the market, and it also means that the A-share market's transaction value has not fallen. The market is sustainable.
Cai Fangyuan, an analyst at Galaxy Securities, believes that “before the Spring Festival, the central bank will maintain a regular stable funding, liquidity may remain stable and loose, social financing has increased significantly, the scale of new fund subscriptions has reached a record high, and individual investors have been added. It also accelerates its entry. Funds are abundant, which intensifies the rotation of the sector, and promotes the sentiment of "spring restlessness" is expected to continue.
According to Zhang Gang, an analyst at Centaline Securities, the characteristics of the current market capital grouping for warmth are still more significant. OTC funds continue to flow to leading companies in some growing consumer industries, and the characteristics of structural market continue to be interpreted. Investors are advised to pay close attention to changes in policy and capital, and continue to pay attention to opportunities brought by industry rotation. (Finish)