Chinanews.com client, Beijing, March 19 (Reporter Xie Yiguan) On the 19th, the three major A-share stock indexes fluctuated and declined throughout the day. The ChiNext stock index fell more than 3% at one time and recovered slightly in late trading. Closed below the 5-day moving average.
As of the close, the Shanghai Composite Index fell 1.69% to 3,04.66 points; the Shenzhen Component Index fell 2.56% to 13,606 points; the ChiNext Index fell 2.81% to 2,671.52 points.
Shanghai index daily chart.
The trading volume of Shanghai and Shenzhen stocks reached 772.1 billion yuan, which was slightly higher than the previous trading day.
However, the trend of net purchases of northbound funds for 8 consecutive days ended, with a net outflow of 4.031 billion yuan throughout the day, including a net outflow of 2.397 billion yuan in Shanghai Stock Connect and a net outflow of 1.634 billion yuan in Shenzhen Stock Connect.
On the disk, a total of 1738 stocks in the two cities rose, 66 stocks rose by the limit; 2296 stocks fell, and 9 stocks fell by the limit. The market profitability effect is poor.
However, most of the military industry stocks bucked the trend and the chemical fiber, daily-use chemical, warehousing and logistics, wine, petroleum and other industries saw the decline.
“After the A-share market continued to fall after the holiday, risk factors such as rising U.S. bond yields and phased tightening of liquidity have been digested to a certain extent. There is limited room for future indexes to fall, and the overall situation is in the bottoming stage of shocks.” Guotai Junan pointed out.
"Shenzhen Stock Exchange and ChiNext's earnings expectations end the slight decline, and the stabilization trend is clear. Related indexes may show a sideways trend in the future; Shanghai stock market earnings expectations are flat, and the short-term index rebound may be weakened." Shanxi Securities pointed out that the market It is expected to maintain the volatile trend, and the volatility will continue to decline.
According to Zhang Gang, an analyst at Centaline Securities, as the stock index enters a stable operation pattern, all parties in the market are actively looking for new leading upside hotspots. In addition to carbon neutrality-related concepts, the valuation is reasonable, annual reports, and a Mid-cap stocks whose quarterly report performance exceeds expectations may be fully recognized by institutional funds.
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