Sino-Singapore Jingwei Client, March 9th. On Tuesday (9th), the three major indexes opened lower and then dived, and the Shanghai stock index quickly broke through 3400 points.
At around 10 o'clock, the index bottomed out and rebounded, and the collective deep V reversed. The Shanghai Stock Exchange Index and the Chuang Index once turned red.
In the afternoon, the index weakened again, and both closed down significantly, and the Shanghai stock index fell below the half-year line.
On the disk, short-term sentiment was sluggish, institutional stocks fell again, and the rare earth sector led the decline of concept stocks.
The shipping, ports, tourism, steel and other sectors ranked among the top gainers, while the petrochemical, chemical fiber, energy equipment, and military sectors ranked among the top decliners.
Over 3,500 stocks in the two cities closed green.
Time-sharing chart of the Shanghai Stock Exchange Index.
Source: Wind
As of the close, the Shanghai Composite Index fell 1.82% to 335.929 points, with a turnover of 456.2 billion yuan; the Shenzhen Component Index fell 2.80% to 13,475.72 points, with a turnover of 530.5 billion yuan; the ChiNext Index fell 3.50% to 263.345 points, with a turnover of 183.8 billion yuan. yuan.
On the disk, sectors such as shipping, hotels, scenic spots, ports, and air transportation led the gains; sectors such as aviation equipment, forestry, chemical fiber, semiconductors, and plantation were among the top decliners.
In terms of concept stocks, the BDI index, steel, shipping, Hangzhou Bay Greater Bay Area, and ports ranked among the top gainers, while capital leaders, titanium dioxide, titanium, PTA, and sugar were among the top losers.
In terms of individual stocks, 620 stocks rose, of which ST Rock, Zhongjian Technology, Ningbo Port and other stocks rose by more than 5%.
3508 stocks fell, among them, Yanao, Jiadian, Xinxiang Chemical Fiber and other stocks fell by more than 5%.
In terms of turnover rate, a total of 42 stocks have a turnover rate of more than 20%. Among them, N Shenzhen Keda has the highest turnover rate, reaching 79.18%.
In terms of capital flow, the top five major flows of industry sectors are Steel II, Electricity, Bank II, Brokerage, and Beverage Manufacturing, while the top five flows are Electricity, Bank II, Brokerage, Steel II, Optics and Optoelectronics.
The top five stocks with major inflows are GEM, Everbright Securities, Shenzhen Energy, Wuliangye, and BYD. The top five stocks with outflows are BOE A, GEM, COSCO Shipping Holdings, Everbright Securities, and Kweichow Moutai.
As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 806.617 billion yuan, an increase of 396 million yuan from the previous trading day, and the securities lending balance was at 85.305 billion yuan, a decrease of 2.405 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 718.318 billion yuan. , A decrease of 1.716 billion yuan from the previous trading day, and the securities lending balance reported 52.992 billion yuan, a decrease of 1.134 billion yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,662.233 billion yuan, a decrease of 4.859 billion yuan from the previous trading day.
Wind data shows that Northbound funds quickly entered the market in early trading and bought nearly 6 billion yuan in net purchases. However, after the index rebounded, the net purchases were 2.431 billion yuan throughout the day, of which Shanghai Stock Connect net purchases were 1.585 billion yuan.
Shanxi Securities said that recently, the buying interest of funds has declined, the flow of funds in popular stocks has changed, profitability adjustments, and the increase in the ratio of superimposed redemptions have caused short-term liquidity tensions in institutions.
In addition, there has been a fear of heights and risk aversion in the market recently, and many factors have caused the index to fall rapidly after the holiday. The short-term trend may continue. The short-term high valuation sector is volatile. It is recommended that investors control short-term risks.
In the medium term, the valuation needs to be digested by continuous performance and maintain the judgment that the index shows a trend of wide fluctuations. Investors need not be too pessimistic and pay attention to the stabilization and rebound opportunities of sectors with better fundamentals.
Huaan Securities believes that the sharp decline is nearing its end, and the market has entered the main theme of wide fluctuations.
On the one hand, there are objective constraints. In an environment where the overall valuation is still high and inter-industry valuation divergence is still large, the normalization of macroeconomic policies and the continued upward trend of U.S. bond yields will bring huge pressure to digest.
On the other hand, there are also some objective supporting factors. For example, the certainty of economic growth in 2021 will be greatly improved, and the fundamentals of profitability will be supported to a certain extent. In addition, the deepening of the reform of the capital market and the acceleration of the reform of state-owned enterprises are expected to boost phased preferences.
(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.)