Editor: Ye Feng
Both Shanghai and Shenzhen stock markets fell today. The Shanghai Composite Index fluctuated 0.7% and stopped 8 consecutive positive momentums. The ChiNext Index fell 1%. Individual stocks showed a general decline. The strong themes continued to differentiate in the previous period. Shenzhen Konka A, Sanwu Internet, and Yaguang Technology all began to cash in. Stocks on the high-level continuous boards showed a gap, but funds continued to flow back to technology stocks. Beijing Junzheng, Zhaoyi Innovation, Suzhou Gutechnet and other stocks all rose sharply. Overall, market sentiment is still in a period of ebb.
As of the close, the Shanghai Composite Index fell 0.71% to 2906 points, the Shenzhen Component Index fell 0.7% to 10864 points, and the ChiNext Index fell 0.99% to 2064 points.
There are relatively few hot spots in the trading session today, but the semiconductor concept stock is active throughout the board, with Rockchip Micro, Suzhou Gutechnet and many other stocks hitting the daily limit.
Northeast Securities pointed out that from a technical perspective, points 2926-2935 were the starting gap in the market in early December last year, and near 2950 points was the downward gap caused by the epidemic, and the current position is also a relatively obvious resistance area. Generally speaking, the more ideal trend is that the market will carry out a certain consolidation and retracement at its current position, such as retracement to around 2850 points (neutral scenario). It is more reasonable to launch a new rebound wave and repair it to around 3050 points at that time. On the contrary, if the strong upward position continues to rise, the subsequent downward pressure will be greater. After all, relying solely on limited liquidity easing will be difficult to get out of the continuous market in the A-share market, which will increase the risk of sharp rise and fall.
It is worth noting that in the early morning of this morning, MSCI official website announced the results of routine quarterly adjustments, including the MSCI A-share onshore index and the MSCI China All SharesIndexes. All index adjustments will take effect on February 28.
Among them, MSCI's China Index added 9 new components , including Luckin Coffee, Kingsoft Office, Beijing-Shanghai High-speed Railway, China Insurance, Shanghai Laishi , Shen Technology, Tongfu Microelectronics, Tobo International Holdings, and Zai Lai Pharmaceuticals . In addition, in the adjustment of MSCI's global standard index, 6 new Chinese constituent stocks were added and 3 were excluded, including: Luckin Coffee, China Insurance, Shanghai Laishi , Tobo International Holdings, Wingtech Technology, and Zai Lai .
In the latest adjustment, Kingsoft Office made its debut in the MSCI index system as a stock on the Science and Technology Innovation Board, and was included in the MSCI China A-share Onshore Index and the MSCI China All-Stock Index respectively.
Cover image source: Photo Network
Daily Economic News
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