A-shares closed in February: the three major stock indexes fell more than 2%, Shanghai index monthly K-line four consecutive positives

　　Sino-Singapore Jingwei Client, February 26. The two markets opened sharply lower on the 26th, and then maintained a weak shock. On the disk, individual stocks generally fell, non-ferrous resources and other stocks fell collectively, and environmental protection concept stocks rose strongly.

The index continued to fall in the afternoon, and the three major stock indexes fell more than 2%.

The Shanghai stock index closed up 0.75% in February, and the monthly K line went out of four consecutive positives.

　　As of the close, the Shanghai Index reported 3509.08 points, a drop of 2.12%, with a turnover of 424.486 billion yuan; the Shenzhen Component Index reported 14,507.45 points, a drop of 2.17%, with a turnover of 482.35 billion yuan; the ChiNext Index reported 2914.11 points, a drop of 2.12%.

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　　On the disk, sectors such as fishery, environmental protection engineering and services, other transportation equipment, garden engineering, and agricultural synthesis led the gains; sectors such as hotels, livestock and poultry breeding, gold, industrial metals, and chemical fibers led the decline.

　　In terms of individual stocks, 1777 stocks rose, among which ST Chuangxing, ST Tiancheng, Sanju Environmental Protection and other stocks rose more than 5%.

2,251 stocks fell, of which Hanrui Cobalt, Huijin, ENN and many other stocks fell by more than 5%.

　　In terms of turnover rate, a total of 41 stocks have a turnover rate of more than 20%, of which N Haitai has the highest turnover rate, reaching 75.5%.

　　In terms of capital flow, the top five major inflows of the industry sector are real estate development, banking II, chemicals, industrial metals, and beverage manufacturing, and the top five outflows are real estate development, banking II, beverage manufacturing, chemicals, and industrial metals.

The top five stocks with major inflows are Midea Group, Vanke A, Baotou Steel, BYD, and Yunlu. The top five stocks with outflows are Vanke A, Guizhou Moutai, Zijin Mining, China Ping An, and Poly Real Estate.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was 809.129 billion yuan, an increase of 109 million yuan from the previous trading day, and the securities lending balance was 89.123 billion yuan, an increase of 1.285 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was 728.486 billion yuan. , A decrease of 1.939 billion yuan from the previous trading day, and the securities lending balance reported at 53.624 billion yuan, an increase of 840 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 1,680.362 billion yuan, an increase of 295 million yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound capital is 1.61 billion yuan, of which the net outflow of Shanghai Stock Connect is 2.712 billion yuan, the balance of funds on the day is 54.712 billion yuan, and the net inflow of Shenzhen Stock Connect is 1.102 billion yuan. The balance was 50.898 billion yuan; the net outflow of southbound funds was 2.391 billion yuan, of which the Shanghai-Hong Kong Stock Connect net outflow was 1.502 billion yuan, the day’s fund balance was 43.502 billion yuan, the Shenzhen-Hong Kong Stock Connect net outflow was 889 million yuan, and the day’s fund balance was 42.889 billion yuan.

　　Regarding the recent continuous adjustments in the A-share market, Ping An Securities analysts believe that one of the reasons for the recent sharp adjustments in the A-share market is that the capital from the northward shifted from inflow to outflow due to exogenous shocks, which drove the changes in the sentiment of domestic investors, making the northward capital favor The share prices of leading blue-chip stocks in China have undergone significant adjustments.

From the perspective of the United States, the reason for the outflow of funds from the north is that the improvement of the epidemic situation and the expectation that a large-scale fiscal stimulus plan may be introduced have led to a significant increase in inflation expectations.

Driven by inflation expectations, the yield on US 10-year Treasury bonds rose rapidly to over 1.6% last night; from Hong Kong's point of view, it was the Hong Kong Stock Exchange that increased the stamp duty on stock transactions, which led to a significant adjustment in Hong Kong stocks.

　　Ping An Securities believes that there is no need to be too pessimistic about the current A-share market.

After this adjustment, the A-share market will once again usher in a relatively better performance on a global scale.

Of course, investors, especially individual investors, should improve their ability to identify stocks and improve their ability to prevent potential risks.

Stocks with stronger fundamentals, relatively reasonable valuations and a relatively high market share still have good room for growth in the future.

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　　Huaxin Securities said that although the Shanghai stock index rebounded and fell back on Thursday, it does not mean that the rebound is over. The index is still expected to continue to recover. However, the space cannot be too high for the time being. The pressure on the stock index is in the 3650 point range.

In addition, we also analyzed in our previous strategy that the first stabilization of the ChiNext market will be the key to the main board market reversal. From the current ChiNext index position, it has been oversold in the short term and will stabilize and rebound at any time. Therefore, for investors It should not be overly pessimistic.

　　Aijian Securities said that the recent overall weak performance of the ChiNext Index has an extremely obvious impact on market sentiment, and investors should still focus on it.

The recent upward trend of the stock index as a whole remains unchanged. On Thursday, the stock index continued to fluctuate widely around the long-short boundary. The differences between the two parties increased and the competition became fierce. Due to the division of active funds in the sector, the initial capital was grouped into individual stocks. And the cyclical sector is also showing signs of weakening, and the market needs to find new hot spots for leading gains. Therefore, it is expected that the short-term stock index will still fluctuate widely around the long-short boundary. Pay close attention to the trend of the GEM index and grasp the rhythm to control the position of selected stocks. .

(Zhongxin Jingwei APP)

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