Shanghai index fell below 3300 at midday, the market fluctuated violently, get on or off?

category:Finance
 Shanghai index fell below 3300 at midday, the market fluctuated violently, get on or off?


In early trading on Thursday, Shanghai and Shenzhen stock markets rose and fell back, and then went down unilaterally half an hour after the opening. Close to the end of the day, the decline has narrowed.

On the disk, the defense and military industry showed a strong performance, bucking the trend, nearly 80% of the stocks in the plate rose, while the trading limits of Xinyu Guoke, Zhongchuan defense and other stocks were up.

In addition, pharmaceutical and biological industries also showed strong resilience. Vaccine concept, virus protection, medical devices and other sub industries were active, with Tibet pharmaceutical, Xingqi eye medicine, Zhifei biology and other stocks with the highest gains.

Since July 3458, the stock market has experienced a sharp fluctuation, and the stock market has been forced to rise since July.

After a sharp rise in the early stage and a rapid decline, the stock index is faced with the opportunity to draw back again. Whether the stock index can surpass the previous high is an important judgment of whether the market can regain the trend of the market, so there is a wait-and-see atmosphere. Kang Chongli said, at the same time, market divergence has increased. There are market index level and plate structural differences. Foreign capital in the market has slightly stagnated, and the exchange of funds in the market is frequent. In addition, the rise and fall of external disturbance factors, the disturbance of semi annual report performance and supply side increment on market liquidity are the causes of market fluctuation

Wang Qian, chief economist for Asia Pacific region of vanguard investment strategy and research department, also said that economic recovery and policy support started the A-share upward trend, but it was followed by high investor sentiment, a record high northward fund, a gradual increase in domestic financing balance, an increase in leverage ratio in the financial market and signs of short-term overheating in the market. Therefore, it is not surprising that the adjustment has occurred u3002

How do investors respond?

Liu Chenming, CO chief strategist of Tianfeng securities, said that the mood was rising and falling behind, which was still a bull market for a few companies. Since the beginning of July, although the undervalued sector has changed, but driven by the performance forecast of intensive disclosure, there is still a strong excess return in the high boom direction.

Tianfeng Securities believes that the third quarter prosperity factor is still the core. With the recovery of PPI and traditional economy, good performance is not only in medicine, technology and consumption in the first half of the year, but also more balanced bull market in a small number of Companies in the second half of the year. It is recommended that core assets with u03b1 attribute: heavy truck, real estate completion (home appliances, home appliances, decorative building materials), construction machinery, cement, chemical industry, etc. According to Zhang Xias strategy team of China Merchants Securities, about 40% of the listed companies have disclosed the performance forecast, express report or report of the semi annual report in 2020, with the positive rate of performance reaching about 40%. The disclosure ratio and the positive rate of the SME board and gem are significantly higher than those of the main board. The overall A-share performance will achieve a V-shaped rebound, and small and medium-sized enterprises have strong profitability recovery ability. It is suggested to pay attention to the subdivision areas with improved performance and upward prosperity, such as new and old infrastructure, epidemic prevention industry chain, new energy and other sectors. Source: Yang Qian, editor in charge of Shanghai Securities News_ NF4425

According to Zhang Xias strategy team of China Merchants Securities, about 40% of the listed companies have disclosed the performance forecast, express report or report of the semi annual report in 2020, with the positive rate of performance reaching about 40%. The disclosure ratio and the positive rate of the SME board and gem are significantly higher than those of the main board. The overall A-share performance will achieve a V-shaped rebound, and small and medium-sized enterprises have strong profitability recovery ability. It is suggested to pay attention to the subdivision areas with improved performance and upward prosperity, such as new and old infrastructure, epidemic prevention industry chain, new energy and other sectors.