Sino-Singapore Jingwei Client, May 19th. On the 19th (Wednesday), the A-share market opened lower. The Shanghai Stock Index reported 3,521.11 points, a decrease of 0.22%; the Shenzhen Component Index reported 14,399.76 points, a decrease of 0.35%; the ChiNext Index reported 30,081.22 points, a decrease. 0.29%; Shanghai Stock Exchange 50 Index 3,531.79 points, a decrease of 0.17%; CSI 300 reported 5,173.17 points, a decrease of 0.28%.

　　Shanghai and Shenzhen market opening performance source: Wind

　　On the disk, resource stocks have noticed a significant correction, with steel, non-ferrous metals, and coal sectors leading the decline; the hotel and catering, military, media, and brokerage sectors are trending down.

　　In terms of individual stocks, 1113 individual stocks rose, among which Longgao, Yong'an Pharmaceutical, Eagle and other stocks rose by more than 5%; 2305 individual stocks fell, including Fulai New Materials, ST Huayi, Zhonggong Hi-tech and many others Individual stocks fell more than 5%.

　　The first 100-yuan ST stock ST was willing to resume trading today, and other risk warnings were removed from the stock. The name of the stock was changed to "Be willing to wine", the opening rose 0.82%, and the quoted price was 148.00 yuan.

　　According to data from the Shanghai and Shenzhen Stock Exchanges, the balance of financing in the two markets has risen for seven consecutive trading days.

As of May 18, the balance of financing on the Shanghai Stock Exchange was 808.587 billion yuan, an increase of 1.521 billion yuan from the previous trading day; the balance of financing on the Shenzhen Stock Exchange was 724.169 billion yuan, an increase of 3.913 billion yuan from the previous trading day; the total amount of the two cities was 1,532.756 billion yuan. An increase of 5.434 billion yuan.

　　Guosheng Securities analysts believe that the Shanghai Index has returned four times and the lows have gradually risen. It is currently emerging from the low shock range, and A shares are expected to regain their upward trend.

The technological themes and the military sector are fully adjusted, and safety margins have been reserved. There is also a demand for supplementary growth in some consumer segments. You can focus on high-quality stocks in integrated circuits, blockchain, military-civilian integration, and tax exemption.

　　CITIC Securities stated in a research report that commodity price rises have slowed down, domestic inflation expectations have fallen in stages, currency tightening expectations have eased, incremental funds have gradually entered the market, stock capital adjustments have led to market proliferation, and the A-share market cycle logic has gradually faded , The growth sector is expected to usher in a round of monthly valuation repair market.

In terms of configuration, we maintain the judgment that the market has shifted from performance-driven to valuation flexibility in May, and it is recommended to continue to deploy highly flexible growth varieties.

(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.)