Zhongxin Finance, March 8 (Reporter Xie Yiguan) The decline of the previous trading day continued, and the three major A-share stock indexes continued to weaken on the 8th.

Under the "protection action" of Kweichow Moutai, although A-shares strengthened for a while in the afternoon and the ChiNext index turned red, it fell again after that.

　　As of the close, the Shanghai Composite Index fell 2.35% to 3293.53 points, below 3300 points; the Shenzhen Component Index fell 2.62% to 12244.50 points; the ChiNext Index fell 1.80% to 2582.99 points, falling below 2600 points.

A-share closing performance.

　　On the disk, more than 4,200 stocks in Shanghai and Shenzhen fell, and only 472 stocks rose.

Coal, gas and heating, aviation, culture, education and leisure, non-ferrous metals and other industry sectors fell the most, while only the brewing and semiconductor sectors bucked the trend and closed up.

　　On the evening of March 7, Kweichow Moutai suddenly disclosed the main operating data from January to February 2022, which is the first time in the history of Kweichow Moutai to release such data.

According to the announcement, from January to February 2022, Kweichow Moutai will achieve a total operating income of about 20.2 billion yuan, a year-on-year increase of about 20%; a net profit attributable to the parent of about 10.2 billion yuan, a year-on-year increase of about 20%.

　　Boosted by this, Kweichow Moutai rose by more than 4% in intraday trading on the 8th. As the first weighted stock of the Shanghai Stock Exchange and the CSI 300, it also led to the strength of A shares.

　　In terms of capital, the market continued to sluggish, and the net outflow of northbound capital was 8.699 billion yuan throughout the day.

Among them, the net outflow of funds from Shanghai Stock Connect was 3.151 billion yuan, and the net outflow of funds from Shenzhen Stock Connect was 5.548 billion yuan.

　　"A shares have fallen sharply again, and they have now entered the lower track of the box. For investors, there is no need to panic too much that the market will fall irrationally." Yan Kevin, an analyst at Huaxin Securities, said that the current policy of stabilizing growth continues to be implemented in February. The recovery of the PMI data has already indicated that the effect of policy hedging has emerged.

At the same time, the expected target of GDP growth this year is set at around 5.5%, and the upper limit target is set, which conveys a greater determination to stabilize growth, and investment is expected to play a major role.

　　Zhang Qiyao, an analyst at Industrial Securities, believes that after the deep decline and rebound of technology growth stocks, it is necessary to wait for more verification of economic and profit signals, and the second quarter may usher in a return to the main line.

Under the official further release of the "steady growth" signal, the valuations of "steady growth" sectors such as real estate, infrastructure, and banks are expected to continue to be repaired.

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