Chinanews Client Beijing, February 24th (Reporter Xie Yiguan) On the 24th, A shares continued to stage a "big callback". The three major stock indexes fluctuated throughout the day and closed down for the third consecutive trading day. The Shanghai Stock Exchange Index and the ChiNext Index were respectively Below the 3600 points and 3100 points, "liquor stocks continue to fall" and "funds plummeted" successively rushed to hot searches.
As of the close, the Shanghai Composite Index fell 1.99% to close at 3,564.08 points, falling below the 3,600 points mark; the Shenzhen Component Index fell 2.44% to close at 1,4870.7 points; the ChiNext Index fell 3.37% to close at 3007.46 points.
A total of 2071 stocks in the Shanghai and Shenzhen stock markets rose, 73 stocks rose by the limit, 1946 stocks fell, and 21 stocks fell by the limit, maintaining the pattern of "more ups and downs".
The Shanghai index daily chart.
The enthusiasm for market transactions continued to rise, and the turnover of the Shanghai and Shenzhen markets exceeded one trillion yuan.
However, the northbound capital turned from a net inflow to a net outflow in late trading, with a total net outflow of 673 million yuan throughout the day.
Among them, the net outflow of Shanghai Stock Connect was 144 million yuan, and the net outflow of Shenzhen Stock Connect was 529 million yuan.
On the disk, the non-ferrous metals, coal and other pro-cyclical sectors that have continued to be strong recently have weakened; early-stage institutions such as liquor, medicine, and new energy suffered heavy losses. Kweichow Moutai closed down 5.11% to 2189 yuan.
Affected by the correction of the medical beauty sector, Amic fell more than 13% on the 24th, and its stock price fell below 1,000 yuan. Today, only Kweichow Moutai is the only A-share stock whose stock price exceeds 1,000 yuan.
On the 24th, a screenshot of the industry sector with the highest decline.
Affected by the continued decline in the stock market, many investors reported falling fund yields.
Due to leading stocks such as Shigekura Liquor and Pharmaceuticals, many "star" funds such as E Fund Blue Chip Selected Mixed and Sino-European Healthcare Mixed A saw their valuation plummet on the 24th.
"In the past few days, the China Merchants China Securities Liquor, China-Europe Medical and Health Mix, and E Funda Blue Chip Selected Mix... have broken my heart." "In recent days, the income of the previous few months has fallen." Alipay has been uninstalled and I am ready to lie down." A fund investor commented.
Judging from the situation in the past week, Nordisk New Life Mix, China International Investment Morgan Medical and Health Stock, Dongfang Hongruiyuan Mix, Dacheng Growth and Enterprising Mix, Yimin Quality Upgrade Mix, Rich Country Healthcare Industry Mix, Huitianfu Medicine and Health Mix and other funds Net worth dropped by more than 12%.
The fund with the highest net value decline in the past week.
Screenshot from Tiantian Fund Network
"The market is trying to switch the former Baotuan style in the short term. On the one hand, although the previous Baotuan stocks have good performance expectations, they have become more expensive due to continuous positive feedback of funds, and the expectations are full; on the other hand, some valuations are at The performance of the low sector is acceptable, and inflation expectations are superimposed, and there are requirements for supplementary increases.” Bohai Securities believes.
According to Bohai Securities, the stock market style switch will not happen overnight, and the process may still be repeated. From the driving factors, changes in the external market and changes in domestic liquidity may become important factors to accelerate the style switch.
In the transitional period of styles, it is recommended that the allocation be tilted towards low-valued and low-expected sectors.
"Revisiting the structural rotation of A shares since 2019, it can be found that the duration of the group is usually about 2-3 months. Even if the trend is not over, it often faces a phased switch or rest." Zheshang Securities analyst Wang Yang believes that the recent market has entered a period of turbulence, and the time window for the current structural adjustment should be grasped.
For the index, the first half of the year is a range-bound pattern; for the structure, in addition to the global recovery chain that has been deduced, it is expected that the second quarter technology will usher in a long window.
(Finish)