(Original title: The broader market opened lower and closed lower, and the market could remain volatile under play from strong equity funds in the tourism sector)
On the 28th, the Shanghai and Shenzhen stock markets jumped sharply and opened lower. At the end of the session, foreign capital represented by the Shenzhen Stock Connect began to flow back, helping the index narrow the decline. the three main indices all closed positive. In terms of sectors, tourism, duty-free shopping and air travel were among the biggest gainers, while stock trading software, semiconductor silicon wafers and CRO were the biggest decliners. The volume of A shares may continue to maintain a low level, and the northbound net outflow of funds exceeds 3.7 billion yuan. Industry analysts believe that the A-share market is still recovering and can maintain a volatile trend as long as the volume has not actually been expanded.
The tourism sector is active
The tourism sector was strong throughout the day on the 28th. Huatian Hotel and Mount Emei A were up by the cap, and Zhongxin Travel, SSAW Hotel and CYTS were up more than 7%. Duty-free shop concept friendship group daily limit, Wangfujing, Lingnan Holdings, Pingtan Development all increased sharply. Travel stocks such as Spring Airlines, China Airlines and China Southern Airlines all climbed.
At the same time, the energy sector benefited from the decline in the price of silicon materials and the favorable political performance. Ganneng shares rose by the limit and China Southern Network Technology, Changyuan Power, Huadian International, Guangdong Electric Power A, Huitian Thermal Il power, etc. has risen sharply. The concept of virtual power plants has attracted attention: Jinzhi Technology’s daily limit, Guoneng’s daily price rose more than 14%, Ankerui, Jicheng Electronics, Hengshi Technology and State Grid Communications were among the biggest gainers.
While the CRO sector adjusted on the 28th, WuXi AppTec was down more than 7%, Sunshine Novo, Asymchem and Medicilon were down more than 3%. Stock trading software such as Fortune Trend, Oriental Fortune and Flush are down more than 2%. Indices such as semiconductor silicon wafer, wafer industry, MCU chip and automotive chip were among the biggest declines on the 28th. The performance of the real estate sector was divided: China Communications Real Estate, China Wuyi, China International Trade and others rose by limit, while Guangyu Group, Shahe Shares and Binjiang Group declined.
Overall, on the 28th, A-shares rose the least and fell the most: more than 3,300 stocks fell and fewer than 1,500 rose. The Shanghai Composite Index closed down 0.75% at 3078.55 points, the Shenzhen Component Index fell 0.69% at 10829.08 points, the ChiNext Index fell 0.46% at 2298, 8 points and the Science and Technology 50 index fell 0.72% to 992.81 points. The market turnover exceeded 750 billion yuan, and the actual net sale of northbound funds was 3.76 billion yuan.
The A shares are still in the repair period
Regarding the performance of the A-share index on the 28th, Yuanda investment adviser Wang Yuqian said from a technical analysis, “The Shanghai composite index maintained a pattern of low and rebound in the afternoon, especially towards the end of the day. The decline was significantly reduced. The yellow line continued to lead the white line in the time-sharing. , indicating that the performance of the theme is relatively active. At the daily line level, the gap left by the The opening was successfully filled, and it was re-racing above the 20-day moving average. Next, pay attention to the breakout strength near the 5-day line. The GEM refers to the daily line. After finishing the continued negative trend, it has also successfully filled some of the gaps left from the open, and therefore we should pay attention to the possibility that the short-term moving average may break through.”
According to Yuekai Securities’ analysis, the A-share market is still recovering and may maintain a volatile trend. Combined with the analysis of SOE profits and valuations, specific allocation recommendations focus on the direction of policy efforts: 1. The housing market stabilization policy continues to ramp up, benefiting from the “housing” loan support plan guaranteed” to revive the expected large financial sector, including banks, real estate High-quality SOE targets related to the chain is expected to usher in the restoration of the valuation 2. Long-term investment opportunity in the national security system, SOE leader with low valuations and stable fundamentals in the fields of national defense, military industry, communications and energy resources.
In terms of operating strategy, Wang Yuqian believes, “The market bottomed out on Monday and rebounded. Although there are sectors on the disk that have received funds to undertake, the trading volume has not actually expanded. Therefore, we must pay attention to changes in capital sentiment.In addition, the current main board and The GEM are facing the pressure of the 5-day line, and whether it can break through will also affect the development of the follow-up market.In addition, there is still a lack of sustainable performing sectors and it is recommended to scrutinize the deal, not chase the increase and watch more.
Reporter Chen Hui
