Introduction:
important meeting was officially held, and A shares seems to have no reason to protect the market again. In addition, Hong Kong stocks plummeted 5% in the early trading, and A shares did not hide it and followed up with the sell-off. In the afternoon, technology stocks fell sharply and rebounded. The index rebounded slightly and then fell again, and the sharp drop ended...
The market shrinks and sells down
On Friday, A-shares opened low and closed low, the stock index fell below the 20-day moving average, and ChiNext led the decline. The Shanghai Composite Index closed at 2813.77 points, down 1.89%; the Shenzhen Component Index closed at 10604.97 points, down 2.22%; the ChiNext Index closed at 2046.60 points, down 2.52%. The transaction volume of the two markets was 592.7 billion. A total of 60 stocks in the two markets hit the daily limit and 36 hit the daily limit.
On the plate, the garden engineering, security, transportation and logistics industries resisted the decline, and jewelry, medical care, ships, winemaking, glass and ceramics, environmental protection, electrical transmission and distribution, cement building materials, etc. led the decline. In terms of theme stocks, Beidou navigation, rare earth permanent magnets, photoresist, etc. have strong trends, with liquor, food safety, MLCC, intellectual property, in vitro diagnosis, human brain engineering, intelligent wear, same rights for renting and selling, gold concepts, radio and television, etc. leading the decline.
Technology stocks collectively fell
Technology stocks proved in the early trading that they were the backbone of the market by diving. A-shares finally couldn't stand it and broke down. 14:00 technology stocks rebounded, and the market stopped slightly and then fell again.
photoresist sector rebounded: Yida Co., Ltd. and Aiskai hit the daily limit, while Yak Technology, Jianghuawei, Rongda Photosensitive, and Xinyuanwei ranked among the top gainers.
Shanghai enterprises and the country have strengthened: Johnson & Johnson Holdings 7 has been boarded continuously, Shentong Metro has been boarded continuously, Fudan Fuhua, Yatong shares , Shanghai Material Trade, and Jiaoyun shares have the highest growth rate.
rare earth permanent magnet sector abnormal : Jiaozuo Wanfang hit the daily limit, Jintian Copper Industry, Jinli permanent magnet , Xianglu Tungsten Industry, Galaxy magnet , Weihua Co., Ltd. , Shenghe Resources, and Wugang Rare Earth rose by more than 3%.
Agricultural planting is strong: Xinsai shares hit the daily limit, Shennong Technology, Xuerong Biology, and Xinnong Development rose by more than 2%.
GEM fell at a high level
market looks at sentiment in the short term, policy in the medium term, and valuation in the long term; both medium and long term are positive, but the short term is still unknown.
htmlA-share trend in April is independent. The periphery plummeted, A-shares were unmoved and rebounded against the market. Similarly, if the peripherals are well, A-shares will not follow. With the end of the disclosure of annual and first-quarter reports, the "valuation-killing" market has turned over and the market ushered in a new opportunity for growth. For some companies that performed well in the first quarter report, the first quarter report may be the "glorious peak" of the year. The "valuation kill" window is closed, and the PMI data released on April 30 shows that the recovery may not be as beautiful as expected. But don’t worry now. According to the rules, the performance is over and it’s time to tell a story. html A-shares have a good start in May, allowing the market to officially enter "storytelling time". Technology stocks regained their voice in the market, and the market index returned to the strong oscillating box in February from the bottom area, facing pressure from the upper part. It is expected that the market will exchange time for space, and after repeated tug-of-war, we will seek breakthroughs. B-shares and ST stocks that have lost liquidity have fallen continuously recently. A-shares have returned to the market for taking medicine and drinking. Most of the recent highs in Shanghai and Shenzhen stock markets belong to the two major consumer industries of food, beverage, pharmaceutical and biological. Currently, insurance funds and foreign-funded holdings focus on "core assets", while public funds are crowded with technology stocks, while hot money is keen on market hotspots. It is difficult for the three major categories of funds to form a joint force, while retail investors have less and less living space.Last week we mentioned that semiconductors are in full swing, but hot money is only speculating on secondary new stocks. There may be a possibility of a pullback in the short term, so don’t chase highs easily. The market has been adjusting continuously this week, and the semiconductor sector has repeatedly proved that it is the backbone of the market. If technology stocks strengthen, the market will strengthen; if technology stocks weaken, the market will weaken. With the help of the sharp rise of US stocks, A-shares opened in one-step high twice this Tuesday and Thursday, and then fluctuated and pulled back, and the semiconductor sector retreated sharply. On Friday, both technology stocks and white horse stocks fell sharply, while A-shares broke the spot. Since November 2019, the stable win strategy of technology and white horses has been pushed.In terms of
operation, the mid-term focus on sectors with strong certainty such as new infrastructure and new energy vehicles (can be invested in corresponding ETF theme funds in fixed investment). Overall, the switch between hot spots has accelerated significantly, and investors should pay attention to controlling their positions. In addition, there have been frequent changes in the recent state-owned asset reform targets, and investors can pay attention to it.
Source: Jufeng Investment Consulting
Author: Ding Zhenyu Practice Certificate: A0680613040001
Disclaimer: The above content is for reference only and does not constitute specific operation suggestions. You must bear the profit and loss of operations based on this operation at your own risk and
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