Sino-Singapore Jingwei, September 22. On the first trading day after the Mid-Autumn Festival holiday, the three major indexes collectively opened lower.

The Shanghai Composite Index fell 1.40% to 3,563.21 points, the Shenzhen Component Index fell 1.53% to 14,139.90 points, and the ChiNext Index fell 1.53% to 3,144.45 points.

  On the disk, sectors such as propylene oxide, pumped storage, and phosphorous chemicals led the two cities, while mining services, petroleum and mining, and industrial machinery sectors were among the top decliners.

Three major stock indexes fell more than 1% Wind screenshot

  The ratio of all trading stocks in the Shanghai and Shenzhen stock markets was 363:3831, with 14 stocks trading at a daily limit and 5 stocks trading at a daily limit.

  As of September 17, the margin of margin trading in Shanghai and Shenzhen stocks was 1.89 trillion yuan.

The balance of financing on the day was 1.73 trillion yuan, a decrease of 18.317 billion yuan from the previous trading day; the balance of securities lending that day was 162.343 billion yuan, a decrease of 2.031 billion yuan from the previous trading day.

The overseas market is volatile, how does it affect A shares?

  During the Mid-Autumn Festival holiday, global stock markets ushered in a simultaneous decline.

The weakest performance in the developed markets are the three major US stock indexes, the three major European stock indexes, and the Australian stock index; among the major stock indexes of emerging markets, Brazil and Russia stock indexes fell significantly; the Hong Kong stock market continued to be weak. The Hang Seng Index fell in the first two trading days of this week. 2.81%, the three major US stock indexes all fell nearly 2%.

  China International Finance Securities Research Report believes that the intensified volatility in overseas markets during the Mid-Autumn Festival is the main driving factor for overseas investors to worry about the impact of the Evergrande incident.

In addition, the approach of the Fed's meeting on interest rates and the issue of the US federal government's debt ceiling have caused some disturbances in investor sentiment.

Domestic investors are more worried about potential risks in overseas markets, including issues such as the Fed's shrinking balance sheet and the high valuation of US stocks.

  Open Source Securities Mou Yiling believes that global market volatility is an indisputable fact, and investors should pay more attention to whether there is a "drawback risk" that needs to be avoided in the current market.

If there is a significant market retracement in the coming week, "holding shares for the holidays" becomes necessary.

The recommended order is: gold, copper, crude oil (oil and gas extraction, oil transportation, equipment, chemical fiber), brokerage, real estate, steel, shipbuilding, coal.

  For the A-share market, the CICC research report believes that the short-term market style will still be more tangled, and controlling the pace and stabilizing income may be the current focus.

A growth-oriented style may still be an important direction in the medium term, but in the short term, attention should be paid to controlling the rhythm; for the raw material sector that has risen sharply in the early period and is related to the supply-side logic, it may be necessary to pay attention to the risk of greater stock price overdrafts and increased volatility.

  In terms of configuration, CICC suggests that the pace of economic growth should be controlled in the short term and the configuration should be more balanced.

High prosperity, China's competitive or growing industrial chain: electric vehicle industry chain, photovoltaics, technology hardware and software, semiconductors, some manufacturing capital goods, etc.

The valuation is getting higher and short-term volatility is increasing. It is advisable to be patient and choose opportunities to absorb dips; pan-consumer industries: In the fields of daily necessities, home appliances, automobiles and parts, medicine and medical equipment, light industrial home furnishings, combined decline and valuation Bottom-up stock selection; part of the cycle with reasonable valuation, better structure or growth potential: pay attention to the risk of excessively expected overdraft of the stock price of raw materials related to production restrictions, and pay attention to industries that benefit from stable growth expectations, such as cement, and benefit wealth and capital Financial leader in charge of major development trends.

Pay attention to some "old white horses" with many callbacks and attractive valuations.

(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.)

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