Sino-Singapore Jingwei Client, March 4th. On the 4th, the three major A-share indexes opened lower and moved lower unilaterally.

Near the midday close, the three major stock indexes have narrowed their declines. The Shenzhen Component Index fell nearly 3% and the ChiNext Index fell more than 4%.

Institutional stocks recurred to collectively slump. Liquor, lithium battery, photovoltaic and other sectors have declined, leading the decline; the rare earth sector bucked the market and led the rise of concept stocks; financial stocks were active, with insurance and banking sectors leading the rise.

The half-day net outflow of northbound funds exceeded 6 billion yuan.

　　Time-sharing chart of the Shanghai Stock Exchange Index.

Source: Wind

　　As of the close, the Shanghai Composite Index fell 1.58% to 3,520.24 points, with a turnover of 291.3 billion yuan; the Shenzhen Component Index fell 2.96% to 14,490.14 points, with a turnover of 319.8 billion yuan; the ChiNext Index fell 4.24% to 2870.75 points, with a turnover of 108.6 billion. yuan.

　　On the disk, sectors such as forestry, steel II, mining services, oil exploration, and ports led the gains; sectors such as power equipment, tourism integration, medical services, beverage manufacturing, and hotels led the decline.

In terms of concept stocks, capital leaders, yesterday's link board, steel, yesterday's daily limit, and the market share economy were among the top gainers. Bike sharing, tire pressure monitoring, nickel, e-cigarettes, and HIT batteries were among the top decliners.

　　In terms of individual stocks, 1,785 individual stocks rose, among which several stocks such as Xinhualian, Tebao Bio, Chongqing Iron and Steel, etc. rose by more than 5%.

2191 stocks fell, of which Sangfor, Deli shares, Tanaka Seiki and other stocks fell by more than 5%.

　　In terms of turnover rate, a total of 19 stocks had a turnover rate of more than 20%, of which C Degut had the highest turnover rate, reaching 56.28%.

　　In terms of capital flow, the top five major flows of the industry sector are Steel II, Bank II, rare metals, new non-metallic materials, and industrial metals. The top five flows out are Steel II, rare metals, power equipment, chemicals, and banks. II.

The top five stocks with major inflows are Baotou Steel, Fangda Carbon, Tongwei, Huayou Cobalt, and Tianshan. The top five stocks with outflows are Tongwei, Huayou Cobalt, GEM, and Baotou Steel Shares, Fangda Carbon.

The top five conceptual themes of the main inflows are margin financing and securities lending, refinancing securities, MSCI concepts, Shanghai Stock Connect, and Shenzhen Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shanghai Stock Connect, Shenzhen Stock Connect.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 812.101 billion yuan, an increase of 227 million yuan from the previous trading day, and the securities lending balance was at 90.678 billion yuan, an increase of 2.406 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 724.41 billion yuan. , A decrease of 285 million yuan from the previous trading day, and the securities lending balance reported 56.116 billion yuan, an increase of 837 million yuan from the previous trading day.

The balance of margin trading and securities lending in the two cities totaled 1,682.937 billion yuan, an increase of 3.185 billion 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 6.089 billion yuan, of which the net outflow of Shanghai Stock Connect is 1.65 billion yuan, the balance of funds on the day is 53.656 billion yuan, and the net outflow of Shenzhen Stock Connect is 4.432 billion yuan. The balance was 56.432 billion yuan; the net inflow of southbound funds was 1.543 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 1.262 billion yuan, the day’s fund balance was 40.738 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 281 million yuan, and the day’s fund balance was 41.719 billion yuan.

　　Minsheng Securities said that the market will remain volatile in the short term, and remain cautious before the end of the two sessions and pay attention to the thematic investment opportunities that may be brought after the two sessions.

Expectations for this year’s yield are not high. They are mainly defensive. They are optimistic about the banking and insurance sectors. In addition, they are optimistic about low valuations such as the 5G operator sector.

　　Aijian Securities believes that, compared with the continuous release of water in overseas markets, the prudent policies of the domestic market cannot continue to inspire confidence in the market to do more, and the market is more manifested as a structural market rotation of the sector.

The current round of quotation is based on the ChiNext stock index as the market indicator, and its trend has a greater guiding role in the stock index.

The stock index's wide swing this week once again tested the 60-day moving average. Although the stock index recovered this week's decline and returned to near the long-short boundary on Wednesday, the trading volume shrank, and the continued volume and price divergence also showed that the market's confidence in doing more was limited. It is expected that the short-term stock index will continue to fluctuate widely, pay close attention to the trend of the GEM index, and grasp the rhythm to control the operation 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 need to be cautious when entering the market.)