Sino-Singapore Jingwei Client, February 19th. On the 19th, the three major stock indexes opened lower, with white goods, power supply equipment, and rare metals sectors leading the decline.

　　Wind screenshot

　　The Shanghai Index opened lower by 3,661.78 points, a decrease of 0.37%, with a turnover of 3.864 billion yuan; the Shenzhen Component Index reported 15,660.49 points, a decrease of 0.68%, with a turnover of 4.111 billion yuan; the ChiNext Index reported 3,289.01 points, a decrease of 0.94%; the Shanghai 50 Index was 3,994.83 points. A decrease of 0.49%; CSI 300 reported 5734.02 points, a decrease of 0.6%.

　　On the disk, gold, electrical machinery, scenic spots, plantation, and professional retail led the gains; white goods, power equipment, rare metals, mining services, air transportation and other sectors led the decline.

In terms of concept stocks, capital leaders, target materials, yesterday's connecting board, and sugar were among the top gainers, and shared bicycles, tire pressure monitoring, electronic cigarettes, solid-state batteries, and HIT batteries were among the top decliners.

　　In terms of individual stocks, 1380 individual stocks rose, among which ST Suoling, ST Antai, ST Nanfeng and other stocks rose more than 5%.

1904 stocks fell, of which Hengli Industrial, Yihuatong-U, Wantong Technology and other stocks fell more than 5%.

　　In terms of capital flow, the top five industries that flow into the top five are other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding. The top five outflows are other transportation equipment, cultural media, Internet media, marketing communications, Shipbuilding.

The top five stocks with major inflows are China General Nuclear Power, Baiya, Metro Design, Dongpeng Holdings, and Walsh New Materials, and the top five stocks with outflows are China General Nuclear Power, Baiya, Metro Design, and Dongpeng Holdings. , Walrus new material.

The top five conceptual themes of the main inflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform. The top five conceptual themes that are outflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 798.674 billion yuan, an increase of 11.157 billion yuan from the previous trading day, and the securities lending balance was reported at 88.984 billion yuan, an increase of 1.975 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 723.06 billion yuan. , An increase of 11.81 billion yuan from the previous trading day, and the securities lending balance reported 54.082 billion yuan, an increase of 144 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled RMB 1,664.801 billion, an increase of RMB 25.086 billion from the previous trading day.

　　From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds is 209 million yuan, of which the net inflow of Shanghai Stock Connect is 171 million, the balance of funds on the day is 51.829 billion, and the net inflow of Shenzhen Stock Connect is 38 million. The balance was 51.962 billion yuan; the net inflow of southbound funds was 3.931 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 3.68 billion yuan, the day’s fund balance was 38.32 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 251 million yuan, and the day’s fund balance was 41.749 billion yuan.

　　Shanxi Securities issued a statement that in the medium term, the judgment index will fluctuate and the volatility will remain at a high level.

In the medium and long term, the current A-share market is still in a structural bull market, and the long-term turbulence and upward pattern will not change. It is recommended that the investment cycle of the mainline target be prolonged, and the mainline theme shall be firmly held with high-quality targets.

　　Tianfeng Securities pointed out that the agency believes that the red envelope market may have entered the closing stage at the beginning of the year. At present, it is a little more cautious about the market. The style will be somewhat balanced, but there will be no major turning point.

The expectation of annual income is not high, and it is also recommended to be more balanced in industry allocation.

Sector balance will be one of the important characteristics of market performance this year.

Different from last year's track victory, after two years of growth, the market has basically given relatively reasonable pricing responses to companies with different tracks and different certainties.

The situation facing this year will be that high-prosperity and high-expected targets need to rely on profits to cross high valuations, and there are already some relatively good investment options in targets with certain flaws.

(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.)