A crotchThe Shanghai Composite IndexOn Friday (22nd), it fluctuated and fell, closing with a slight drop. This is the fifth consecutive week of decline. Affected by the new regulatory policies, gaming stocks plummeted.
As of closing,The Shanghai Composite IndexIt fell 0.13% to 2914.78 points, the Shenzhen Component Index fell 0.39% to 9221.31 points, and the ChiNext Index fell 0.37% to 1825.84 points.The total transaction volume of Shanghai and Shenzhen stock markets was 779.443 billion yuan.RMB, the actual net sales of northbound funds was 2.511 billion yuan. 23 stocks in the two cities hit their daily limit and 67 stocks hit their daily limit. The BSE 50 index rose 1%.
China’s National Press and Publication Administration issued the “Online Game Management Measures (Draft for Comments)” on Friday to restrict excessive use of games and high consumption. Online games are not allowed to set inductive rewards such as daily login, first recharge, and continuous recharge. ; Online games must not contain content that leaks state secrets, endangers national security, or damages national honor and interests.
The latest policies have hit gaming stocks such as Tencent and NetEase, AIGC Concepts and other stocks have fallen, and sectors such as real estate, semiconductors, brewing, medicine, agriculture, and automobiles have fallen.
Hong Kong stocks were also affected. The Hang Seng Index closed down 1.69% or 280 points to close at 16,340 points. The Hang Seng Technology Index fell 4.37%, NetEase fell more than 24%, Tencent Holdings fell more than 12%, and Bilibili fell more than 9%.
In other news, the Red Sea crisis has intensified the pressure on the global supply chain. The main contract of the Container Shipping Index (European Line) hit the daily limit, rising 14.99% to 1391.2 points. It has hit the daily limit for five consecutive trading days and has risen by nearly 70% so far this month.
In addition, Tesla announced that the company has officially launched a new large-scale factory plan in Shanghai with an annual output of 10,000 Megapack fixed battery banks. A land acquisition signing ceremony for the project was held in Shanghai on Friday morning, marking the official launch of what the company calls a “milestone project.”
Looking forward to the market outlook, Bohai Securities pointed out that short-term market sentiment has been greatly released. Taking into account the shrinkage of transactions, the market’s selling pressure has been alleviated, and the conditions for the index to bottom out and rebound are gradually being met. Looking forward to the market outlook, in an environment where fundamental expectations are relatively stable, short-term market direction changes are mainly affected by liquidity. If the pressure on the capital side gradually eases in the next week and the pace of northward capital outflows further slows down, the market will rebound. If liquidity continues to be tight at the end of the year, the market will mainly fluctuate at the bottom.
Northeast Securities stated that consideringThe Shanghai Composite IndexThe monthly K-line is negative for 5 consecutive days, etc., and the endogenous counter-twitch energy of the market can increase; the market rebounds from oversold with high odds, but sustainability requires volume amplification, resonance of AH stocks, and resonance of technology and white horse stocks in A-shares. In line with this, the short-term market is still in an unstable state, and it is better to neither be sad nor happy, roll operations to prevent losses, and work step by step to accumulate profits.
2023-12-22 08:15:29
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