Afternoon accelerated downward growth enterprise market index fell 6percent, the external market is not calm!

category:Finance
 Afternoon accelerated downward growth enterprise market index fell 6percent, the external market is not calm!


Late dive of military industry plate

On the last trading day of the week, a shares fell across the board, with the Shanghai composite index down 3.86%, the Shenzhen composite index down 5.31% and the gem index down 6.14%.

The number of floating red stocks in the two markets was less than 300, and more than 100 shares fell by more than 9%.

On the disk, the two cities theme line flameout, semiconductors, duty-free shops and other early hot plate are down front. Technology, consumption, and medicine, which are held together by funds, have collapsed one after another. The securities trader trust plate led the decline in the two markets, while Everbright Securities and CAITONG securities fell to the limit. The liquor industry was not immune, and Maotai, Guizhou Province, fell nearly 5%.

Military stocks rose against the trend in the early trading, but also appeared in the end of the collective dive to make up for the fall, the market risk aversion sentiment rose sharply. Hongdu Aviation, AVIC Shenfei, China Shipbuilding and other stocks fell across the board. China Shipbuilding defense opened trading limits in the late trading, and closed up 5.85% for the whole day.

Kechuang 50 index fell more than 7%

The Kechuang 50 index closed at 1389.31, down 7.02%. Among the 50 constituent stocks, only platinum power gained gains, while the rest recorded a decline, with Anji technology, tiannai technology and Hongquan IOT falling more than 10%. Nearly 30 stocks in all the science and technology innovation board fell more than 10%.

On Thursday evening, a total of nine sci tech Innovation Board companies, including China and micro companies, announced the reduction of their holdings. On the whole, the latest share prices of the nine companies which disclosed the reduction of holdings have increased to varying degrees compared with their offering prices.

Zhang Qiyao, chief strategic analyst of Guosheng securities, said that in the short term, the lifting of the ban may have an impact, but the impact range and time limit are relatively limited. Combined with the experience of the first batch of Companies in gem, the impact of lifting the ban is mainly reflected in the following two trading days, and the impact of lifting the ban on individual stocks or the whole plate is relatively limited. In the long run, the ban will be lifted or golden pit will be smashed.

The outflow of capital from the North exceeded 10 billion yuan

The overseas market is not calm

In terms of funds, northbound funds sold a large amount of RMB 16.357 billion in the whole day, including the net outflow of Shanghai Stock connect of 9.299 billion yuan and the net outflow of Shenzhen Stock connect of 7.058 billion yuan. Since this week, the accumulated net sales of northbound funds reached 24.751 billion yuan.

The continuous retreat of northward funds also reflects the decline of risk preference of overseas funds. Hong Kong stocks opened lower and closed lower today, with the Hang Seng index down 2.21%, the biggest drop since June 11, with pharmaceutical and securities companies leading the decline.

In terms of overseas markets, the US employment data was poor, and US stocks, especially technology stocks, fell sharply. Last night, the three major U.S. stock indexes opened low, while technology stocks generally fell. Tesla fell nearly 5%, apple and Microsoft fell more than 4%.

As of the time of press release, the US stock futures index continued to decline, with the NASDAQ futures falling more than 1%, Dow futures and S & P 500 index futures falling by more than 0.5%.

In the afternoon, the European market also opened low and went down continuously. As of the time of press release, the German DAX index fell by 2.17%, the French CAC40 index and the European Stoxx 50 index both fell by more than 2%, and the FTSE 100 index in the UK fell 1.7%.

How to deal with the drastic market adjustment?

Guotai Junan Securities Li Shaojun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun security Li Shaojun Jun Jun Jun Jun Jun Jun Jun Jun Jun An Li Shaojun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun An Li Shaojun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun An Li Shaojun Jun Jun Jun Jun Jun Jun Jun Jun An Securities Li Shaojun Jun Jun Jun Jun Jun Jun Jun. 3500 is a historical chip intensive area, so there is a large resistance, and it needs to wait to break through the upper edge.

But at present, the market has been in the lower edge of the concussion range. Under the background of financial service entities, the gem registration system is imminent. In the future, the quarterly upward earnings, the more lasting loose liquidity environment than expected by the market and the reform expectation of domestic capital market are all the key factors supporting the lower edge of the market.

Guotai Junan Securities believes that since July, the downward trend of risk-free interest rate is the core driving force of the market, and the entry of incremental funds into the market has provided a solid basis for the market to rise. The future style is expected to return, that is, from the financial cycle to consumer technology transition.

The transition of macro growth mode from investment to consumption, the change of industrial chain from long to short, and the growth mode from growth dividend to stock competition are the essential reasons for the style differences, and are also the basis for Guotai Junan to be optimistic about science and technology and consumption.

According to Founder Securities strategy team, there are three reasons for the market decline: first, the disturbance of overseas uncertainty factors, the large outflow of foreign capital today exceeded 10 billion; second, the overnight external market showed a significant decline, the rise of unemployment rate exacerbated the markets worries about the economy, and the NASDAQ index fell by more than 2%; and the first batch of reduction occurred after the lifting of the ban on the science and technology innovation board, which was closed after yesterday Nine science and Technology Innovation Board companies have issued the announcement of reducing their holdings, and the Kechuang 50 index fell sharply today. However, Founder Securities stressed that the disturbance does not change the fundamental logic of the third stage of the bull market, while the overseas disturbance factors are the touchstone of the bull market since 2019. At present, A-share market is in the third stage of bull market, that is, the double rise of performance valuation. The recovery of performance results from the upward economic cycle, and the support of valuation comes from the combination of stable currency and broad credit and the measures of strong reform and opening up. At present, these foundations still exist. From the historical experience, the overseas disturbance factors affect the market sentiment in a short time by acting on the stage of risk preference. However, from the perspective of the future, they are all opportunities for layout. Source: Shanghai Securities News Editor in charge: Zhong Qiming_ NF5619

According to Founder Securities strategy team, there are three reasons for the market decline: first, the disturbance of overseas uncertainty factors, the large outflow of foreign capital today exceeded 10 billion; second, the overnight external market showed a significant decline, the rise of unemployment rate exacerbated the markets worries about the economy, and the NASDAQ index fell by more than 2%; and the first batch of reduction occurred after the lifting of the ban on the science and technology innovation board, which was closed after yesterday Nine science and Technology Innovation Board companies have issued the announcement of reducing their holdings, and the Kechuang 50 index fell sharply today.

However, Founder Securities stressed that the disturbance does not change the fundamental logic of the third stage of the bull market, while the overseas disturbance factors are the touchstone of the bull market since 2019.