Sino-Singapore Jingwei Client, June 21st. On the first trading day (21st) of this week, the Shanghai Stock Exchange Index opened lower by 0.27%, resource stocks were divided, coal and precious metals continued to be sluggish, and steel and electricity were the top gainers.

  Source: Wind

  As of the opening, the Shanghai Index opened 3515.50 points lower, a decrease of 0.27%, with a turnover of 4.468 billion yuan; the Shenzhen Component Index reported 14563.05 points, a decrease of 0.14%, with a turnover of 5.153 billion yuan; the GEM index reported 3,235.69 points, a decrease of 0.11%.

  On the disk, steel II, logistics, hotels, textile manufacturing, and oil mining led the gains; shipping, forestry, coal mining, gold, and other mining sectors led the decline.

In terms of concept stocks, capital leaders, yesterday's continuous stock market, yesterday's daily limit, steel, and the market share economy were among the top gainers. The BDI index, shipping, fast charging concepts, scarce resources, and medical beauty were among the top decliners.

  In terms of individual stocks, 998 individual stocks rose, among which several stocks such as Jianhui Information, ST Modern, and Rutong shares rose by more than 5%.

2659 individual stocks fell, among which several stocks such as Philips, Hejing Technology, and Zhezhong shares fell by more than 5%.

  Source: Wind

  In addition, the first batch of publicly offered infrastructure REITs were listed for trading today (21st), and all 9 funds opened up with an average increase of 6.15%, of which Shougang Green Energy led the increase with a 20% increase.

  The research report of CITIC Securities believes that, on the one hand, the wait-and-see sentiment of over-the-counter funds has increased, the risk appetite for stock funds has fallen, and short-term game transactions will gradually ebb; the market is still dominated by investor behavior in the short term, and the interim report disclosed and quarterly Under the influence of unintended liquidity expectations, the time constraints of this round of market conditions will become stronger, the market will fluctuate more month-to-month, and profit will gradually replace valuation and become the main driver of the market.

On the other hand, the global "re-inflation" transaction is coming to an end, the pace of the Fed's policy withdrawal is difficult to exceed expectations, and the negative impact on emerging markets is limited, and A-shares can still maintain strong appeal in the global equity market.

  Guotai Junan analyzed that there was a certain adjustment in the market last week, especially the decline of large-cap stocks.

Behind the withdrawal of funds, the hedging behavior was mainly made out of "worry".

Looking forward, although there are no obvious bright spots, uncertainties have gradually landed and pushed risk evaluation downward, superimposed on the possibility of risk-free interest rates falling, and pessimistic expectations have been gradually revised. If the market continues to fall, a rare "golden pit" may appear.

(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.)