Sino-Singapore Jingwei Client, May 24 (Monday), A-shares continued to fluctuate, the GEM index fell more than 1% in the morning; the index turned up in the afternoon, and collectively closed red.
As of the close, the Shanghai Index reported 3497.28 points, an increase of 0.31%, with a turnover of 367.182 billion yuan; the Shenzhen Component Index reported 14506.61 points, an increase of 0.62%, with a turnover of 475.062 billion yuan; the Growth Enterprise Market Index reported 3139.69 points, an increase of 0.85%; the Shanghai 50 Index reported 3497.75 points, an increase of 0.46%.
Shanghai Stock Index all-day trend source: Wind
On the disk, beverage manufacturing, papermaking, military industry, securities firms, semiconductors and other sectors ranked among the top gainers; liquor stocks were collectively active, with Yilite, Gujinggongjiu, Shede liquor, highland barley liquor, and Laobaigan liquor with daily limit.
The automotive, shipping, steel, non-ferrous, coal, and power sectors were among the top decliners.
In terms of individual stocks, 2607 stocks rose, of which Taiji Group, Zhimingda, ArcherMind Technology and other stocks rose by more than 5%; 1512 stocks fell, including Veken Technology, Meirui New Materials, Yuneng Holdings and other stocks The decline was more than 5%.
From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, the net inflow of northbound capital was 4.535 billion yuan, of which the net inflow of Shanghai Stock Connect was 1.859 billion yuan, the balance of funds on the day was 50.141 billion, the net inflow of Shenzhen Stock Connect was 2.676 billion yuan, and the balance of funds on the day was 49.324 billion. The net inflow of southbound funds was 2.984 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 779 million yuan, the balance of funds on the day was 41.221 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect was 2.205 billion yuan, and the balance of funds on the day was 39.795 billion yuan.
Guosheng Securities analysts pointed out that the market first rose and then fell last week, and closed down slightly throughout the week.
The current point of view is: 1. There is a high probability that the market will rebound. The main reason is that the Shanghai Composite Index has just confirmed the rise and the probability of ending immediately is low. In addition, the CSI 300 will soon confirm the daily rise, and the SSE 50 will take 1-2 weeks. Time can only confirm the rise; 2. It is not advisable to have too high expectations for the current rebound. The subsequent rebound may be the last wave of the current round of rebound.
From a mid-term perspective, most indices have reached the end of the bull market. In the mid-term, beware of a turning point at the end of the bull market.
Regarding the market outlook, Essence Securities said that short-term A-shares have limited concerns about inflation and economic expectations have begun to gradually decline, but risk appetite is on the high side. The liquidity environment will still support the upward volatility of the A-share market, and there will still be certain structural market operations. In the time window, the main risks in the future will come from US inflation concerns and changes in liquidity expectations, but the short-term does not pose a systemic risk to the A-share market.
Therefore, it is still possible to continue to hold the varieties of core track that have exceeded expectations for profit growth, as well as companies whose valuations have benefited from the restoration of the epidemic. Focus on the new main lines that are being bred in non-core assets, and explore economic restoration and recovery from the bottom up. Opportunities overlooked in the transformation process.
(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.)