Today, The market Under the influence of the general rise of external stock markets, the markets of the two markets opened slightly higher , but the upward momentum of the market was weak. The Shanghai Composite Index showed a narrow fluctuation in the during the session. The Shenzhen Component Index and the ChiNext Index also fluctuated downward trends with weak fluctuations. From the market, the tourism, hotels, catering, aviation and other sectors strengthened, food, beverage, textiles and clothing also rose, while semiconductors, software and other sectors fell.
As of the close, the Shanghai Composite Index fell 0.09% to 3176.33 points, the Shenzhen Component Index fell 0.66% to 11323.7 points, and the ChiNext Index fell 1.05% to 2376.2 points; the transaction volume of the two markets once again shrank , with a total transaction volume of 816.4 billion yuan, and northbound funds net sold 947 million yuan.
shrinking cross star
A shares finishes or welcomes a new rise?
Yesterday, after-market news, Central Bank released data, and the growth rate of M2 in November reached 12.4%, the growth rate hit a new high since May 2016. The positive policy intention is clear, and many policies will be introduced in terms of boosting market confidence and stimulating the vitality of the whole society, and will continue to promote the credit expansion of in the fields of infrastructure, manufacturing, real estate, and structural policy support.
has been positive, the market response is mediocre, and the trend throughout the day is calm. However, compared with the adjustments in the previous few days, the market today has two obvious characteristics: one is that there is no big drop, but it is not in a hurry to strengthen. Although the volatility center has moved down again compared with yesterday, it is obviously supported by a policy bottom, and the intraday structural opportunities have reappeared, such as large consumption; the other is that the trading volume has shown a significant shrinkage and consolidation, but compared with the adjustments in the previous few days, it is obviously much milder; as for trading volume, there has been a significant shrinkage today, which also means that the market has a certain reluctance to sell after continuous consolidation. In addition, technically closed the cross star on , which is often a precursor to the market change.
Overall, the index broke through 3200 points and ushered in adjustment. Although it was continuous, it was not strong, and the transaction contraction also ushered in a shrinking situation. The probability of the short-term adjustment approaching the end is relatively high. Moreover, when we saw value stocks such as finance rose for a while during the session, there was actually a possibility of gaining momentum. Therefore, after the stage of consolidation, there is still a foundation and motivation for upward trend. You can consider buying at a low price or preparing for new configurations when the price is low.
epidemic prevention policy continues to be optimized
tourism sector continues to rebound
Recently, epidemic prevention policies in various places have continued to be optimized, which has brought the tourism industry that has been silent for three years to the dawn. The A-share tourism sector has seen a lot of bull stocks. Xi'an Food has gained 130% increase since November 2, Xi'an Tourism and Zhongxin Tourism cumulative increase has also exceeded 50%. Among the component stocks in the CSI Tourism Index, , , 24 stocks rose by more than 20%. It can be seen that the market's confidence in the recovery of the tourism industry is gradually recovering, and some cultural and tourism companies' stock price has taken the lead in recovering to pre-epidemic levels.
data shows that benefits from the recent continued active components. The tourism ETF (562510) closed against the trend today and also hit a new high of nearly 10 months today, and the increase has been close to 20% since this round of lows (November 28). Looking at the elongation cycle, the cumulative rebound has reached 33.65% since the low on May 10. Outperformed , Shanghai and Shenzhen 300 Index by nearly 32%, with a significant increase.
