Sino-Singapore Jingwei Client, May 17th, on the morning of the 17th (Monday), the Shanghai Composite Index opened flat, the Shenzhen Component Index rose 0.18%, and the ChiNext Index rose 0.50%.
Shanghai and Shenzhen market opening performance Source: Wind
On the disk, military industry stocks led the gains in the two cities; vaccine stocks strengthened, Kangtai Biotech rose more than 7%.
The hotel and catering, brokerage, insurance, media, environmental protection, real estate, and banking sectors were among the top decliners.
In terms of individual stocks, 1396 individual stocks rose, of which Bailong Chuangyuan, Zhifei Biological, ST Tongpu and other stocks rose by more than 5%.
2175 stocks fell, of which several stocks such as Kaier New Materials, ST Huayu, and Huluwa fell by more than 5%.
The analysis of Yuekai Securities pointed out that after last week's rise, the Shanghai Stock Exchange Index moved to the upper track area of the box, and the upper 3,500 points area faced certain resistance. Some funds were profitable out of risk aversion.
When external disturbances become clearer and market sentiment will further pick up, the Shanghai Stock Exchange Index is expected to hit the upper rail area of the box.
The follow-up focuses on the impact of two factors on the index: one is whether the market volume can continue to increase, and the other is whether the hype of hot concepts is sustainable.
CICC believes that from the current position, comparing the characteristics of the historical "mid-term adjustment" from the index's amplitude, changes in market sentiment reflected by trading volume, adjustment time, and valuation, it has recently prompted the market to "mid-term adjustment". At the end, it is not appropriate to be pessimistic about the market.
CICC further stated that the cyclical sector has experienced a large cumulative increase and is faced with uncertainty in the policy environment. The demand may not be considered strong, and the subsequent market may be more dominated by structural opportunities; after certain adjustments, the recent The performance of the growth sector may gradually return to the main line of the market, reiterating the suggestion to "light index, focus on structure, and lean toward growth."
(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.)