Chinanews Client Beijing, March 15 (Reporter Xie Yiguan) On the 15th, the A-share market regained its weakness. The three major stock indexes fluctuated lower. The ChiNext stock index fell by more than 5% at one time, and it rebounded slightly in late trading.
"Stock market" and "funds" rushed to the hot search one after another.
As of the close, the Shanghai Composite Index fell 0.96% to 3419.95 points; the Shenzhen Component Index fell 2.71% to 13520.07 points; the ChiNext Index fell 4.09% to 2644.01 points.
The GEM is around the corner.
Under the sluggish market performance, the trading volume of the two cities reached 807 billion yuan throughout the day, a slight contraction from the previous trading day.
However, northbound funds maintained a net buying trend for 5 consecutive days, with a net inflow of 3.687 billion yuan throughout the day on the 15th, including a net inflow of 1.392 billion yuan in Shanghai Stock Connect and a net inflow of 2.295 billion yuan in Shenzhen Stock Connect.
A total of 1799 stocks in the Shanghai and Shenzhen stock markets rose, 64 stocks rose by the limit; 2258 stocks fell, and 11 stocks fell by the limit. The market profitability effect is poor.
On the disk, the chemical fiber, medical and health care, electrical equipment, semiconductor, wine and other industries have fallen at the top.
Institutional stocks fell sharply again. Kweichow Moutai fell by more than 2%, Luzhou Laojiao fell by nearly 7%, Wuliangye fell by more than 5%, Haitian Weiye fell by nearly 4%, Mindray Medical fell by nearly 6%, and WuXi AppTec fell by more than 7 %, CDF in China fell by more than 3%, dragging down the valuation of fund products.
The valuations of several “star” funds such as China-Europe Medical and Health Hybrid A, China Merchants China Securities Liquor Index (LOF), Lion Growth Hybrid, Invesco Great Wall Emerging Growth Hybrid, and E Fund Blue Chip Selected Hybrid, etc. have plummeted.
“Recent market adjustments are due to the rapid rise in U.S. bond interest rates that triggered the Fed’s policy tightening expectations. The second is that funds were redeemed after the stock market fell, triggering chain negative feedback.” said Zhang Qiyao, chief strategy analyst at Guosheng Securities, taking into account global currencies. Policies remain loose, fiscal stimulus continues to increase, domestic monetary policy has not yet shown a significant tightening signal, and domestic corporate profits continue to recover upwards. After the correction of pessimistic expectations, the market will usher in a recovery window in the next month.
“Last week, the index in the Baotuan sector led to a decline in decentralized volume and then a rebound in shrinking volume. At present, it is a technical rebound after the sharp decline, and the style switch continues. On the one hand, the market is facing pressure on the valuation side, and the group is more sensitive to the denominator; On the other hand, the first quarterly report of the annual report will enter a period of intensive disclosure. The time to test the'fineness' of the Baotuan varieties will come, and there will be more wait-and-see attitudes of funds. The intervention of allocation funds needs to observe the performance of performance."
CICC believes that after the recent rapid correction, the amplitude of the Shanghai and Shenzhen 300 Index during the period is about 17%. The strong performance of the ChiNext refers to the amplitude of about 25% after the Spring Festival. The overall market valuation has returned to near the historical average. Something released. Although the phenomenon of structural valuation still exists, referring to historical experience, the market's sharp decline may have come to an end. "(Finish)