Editor: Wang Yuelong, Gai Yuanyuan
htmlOn the 24th, the three major indexes of A shares fluctuated downward during the session. As of the close, the Shanghai Composite Index fell 2.41% to 3070.93 points, and lost 3100 points during the session; the Shenzhen Component Index fell 3.34% to 11065.92 points; the ChiNext Index fell 3.82% to 2318.07 points.More than 4,400 stocks in the two markets fell, with a total turnover of 990.4 billion yuan. On the market, none of the sectors rose, while sectors such as software services, IT equipment, comprehensive, papermaking, and the Internet fell sharply.
Shanghai Composite Index fell below 3100 points
All sectors rose
24, the three major A-share indexes fluctuated downward, the Shanghai Composite Index fell below 3100 points, The market weakened, "stock market", "funds" and "A-shares" successively topped the hot searches.
As of the close, the Shanghai Composite Index fell 2.41% to 3070.93 points; the Shenzhen Component Index fell 3.34% to 11065.92 points; and the ChiNext Index fell 3.82% to 2318.07 points.
More than 4400 stocks in the two markets fell, 70 stocks hit the limit, only 292 stocks rose, and the turnover of the whole day was 990.4 billion yuan.
On the market, none of the sectors rose, and sectors such as software services, IT equipment, comprehensive, papermaking, and the Internet fell sharply. In terms of concept sectors, the concept sector of the COVID-19 drug industry fell by more than 6%, leading the market with a decline of the east and west, digital currency , and smart government affairs also weakened one after another.
screenshot source: Oriental Fortune
Mango Super Media Once rose nearly 10% during the session
Currently, Yuxin Electronics is the largest meat signing in May
stocks, Mango Super Media (300413.SZ) rose against the market on the 24th, and the intraday increase once expanded to 10%. As of the closing, it still rose more than 5% to 37.44 yuan.
news, with the launch of "Riding the Wind and Waves Season 3", "Sweetheart Leader" Wang Xinling has become popular on the Internet again with an old song " Love You ". Many fans threatened to buy stocks to support them, and "Wang Xinling's fans bought mango stocks to cheer for them" even became a hot search.
However, regarding the support behavior of fans on A-share market, Wu Jun, secretary of the board of directors of Mango Super Media, said in an interview with a reporter from Securities Daily that it is not recommended. "Thank you for your enthusiastic suggestions on the "Riding the Wind and Waves" program. Let us look forward to the new performances of all the guests in the future in the program. But I hope fans will not blindly chase stars. Please make rational investments based on the company's value judgment."
new stock market continued to remain active today. As of the close, N Yuxin and N Dongtianwei, which were listed on the GEM today, rose 114.86% and 83.07% respectively, and N Junchuang, the new stock of , the North Exchange , also rose 3.2%.
According to Cailianshe, since May, the new stock market has maintained a record of no first-day breaks. Judging from the first day's rise and fall (except the Beijing Stock Exchange), Yuxin Electronics, which was listed today, ranked first and doubled its growth. Dongtianwei, Stywei, Puris, and Zhongke Jiangnan all rose by more than 50% on the first day, and the remaining five new main board stocks also hit the daily limit of 44% on the first day. From the perspective of money-making effect, based on 500 shares per sign, Yuxin Electronics, Puris and Stywei's profits each sign exceed 10,000 yuan. Among them, Yuxin Electronics is the most powerful meat sign in May, and Zhongke Jiangnan and Dongtianwei's profits on the first day also exceeded 9,000 yuan.
Securities Daily: Four major reasons to support A-shares not falling
It is worth noting that A-shares and US stocks have shown opposite trends in the past two weeks, and the rich information contained in it is still worth investors' thinking. Before opened on today, Securities Daily published an article saying that there are four major reasons to support A-shares not to follow the decline.
First of all, the expected effect brought by the advancement and continuous efforts of macro policies, the policy of stabilizing growth has been continuously increased, and investors' expectations for future economic growth are enhanced. On April 29, the Political Bureau of the CPC Central Committee proposed that we should increase macro-policy adjustment efforts, solidly stabilize the economy, strive to achieve the expected goals of economic and social development throughout the year, and keep the economy running within a reasonable range. Subsequently, the policy has been continuously implemented, and the central bank has also taken two moves recently. On May 15, the central bank announced that the lower limit of the first-home commercial personal housing loan interest rate was adjusted to be no less than the corresponding term loan market quotation rate reduced by 20 basis points; on May 20, the central bank lowered the 5-year LRP interest rate by 15 basis points to 4.45%.
The second is the value effect of A-shares’ previous pullback valuation has reached a historical low range.Even though A-shares have rebounded significantly recently, the dynamic price-to-earnings ratio as of the closing on May 20 was only 17.01 times, corresponding to the historical quarter was only 26.45%, which is still at a historical low.
The third is the valuation advantage effect obtained compared with overseas stocks, especially US stocks. According to the latest research report of Haitong , after experiencing a sharp pullback, the current static price-to-earnings ratio of the S&P 500 is still 19.0 times. Judging from the bull and bear cycles of the US stock market in the last two rounds, it is in the historical quarter of 42%, which is a medium level. It is worth noting that on May 23, the mid-price of the RMB exchange rate of in the interbank foreign exchange market was 6.6756 yuan against 6.6756 yuan, a sharp increase of 731 points from the previous trading day. This further enhances the investment value of A-shares.
The fourth is the safety effect brought by appropriate epidemic prevention and control. Judging from the latest situation of epidemic prevention and control, the overall national epidemic situation has shown a stable decline, and the negative impact on economic development is weakening. At present, Jilin has achieved social clearance, and the epidemic situation in Shanghai is steadily improving.
It can be said that the different performance of this round of A-share market and US stock market seems to be the return of some funds leaving A-shares in the early stage, which actually reflects investors' confidence in the stable development of China's capital market. This confidence is valuable.
editing | Wang Yuelong Gaiyuan
proofreading | exercise
cover picture source: Photo Network 500546250
Daily Economic News Comprehensive from Cailianshe, Securities Daily, Public Information, etc.
Daily Economic News
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