A shares opened sharply lower: the Shanghai index fell 1.97% and non-ferrous metals led the decline

　　Sino-Singapore Jingwei Client, February 26. On the last trading day of February, A shares opened sharply lower. The Shanghai Composite Index fell 1.97%, the Shenzhen Component Index fell 2.35%, and the ChiNext Index fell 2.34%.

In terms of the sector, almost all sectors were green. Procyclical stocks fell sharply. Non-ferrous metals led the decline in the two cities. Paper, medical beauty, automobiles, photovoltaics, gold, new energy and other sectors were among the top decliners. Group stocks were in a downturn.

　　Source: Wind

　　U.S. Treasury yields soared overnight, U.S. stocks were sold violently, and the Dow Jones Index fell 550 points.

In early trading on the 26th, the Japanese and South Korean stock markets also weakened across the board following the decline of US stocks.

A shares were also affected by this, and the three major indexes collectively opened lower.

　　In terms of individual stocks, 252 stocks rose, among which several stocks such as Jiankai Technology, Jifeng Technology and ST Lions rose more than 5%.

3669 individual stocks fell, of which Yunnan Copper, Jereh, Guangsheng Nonferrous and other stocks fell more than 5%.

　　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.

　　Centaline Securities analysts pointed out that the A-share market opened higher on Thursday, with a slight fluctuation and rising. After a one-day drop on Wednesday, the market basically digested short-term bad news.

After the holiday, as the first-line group stocks fell across the board, the stock indexes of the two cities fell back quickly in the short term. Funds from various sources were looking for opportunities to make up the lows in the non-ferrous metals, banking, insurance, and real estate sectors.

It is expected that the Shanghai Stock Exchange Index will continue to consolidate in the short-term, and it is more likely that a new hot spot will be brewing.

　　According to the Haitong Securities Research Report, the continuous rise of commodities and the expected economic recovery have directly led to the continuous decline of the defensive consumer and pharmaceutical sectors. After this part of the upward momentum is missing, new sectors must be available to fill the vacancies, otherwise the index will continue to rise. .

Fortunately, there are still untapped industries in the low-valuation sector. If it can replace the consumer and pharmaceutical sectors, the index will continue to fluctuate.

(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.)