The shock closed down, and the transaction between the two cities broke through one trillion yuan for five consecutive days.
The three major stock indexes of A shares opened lower collectively on March 22nd. In early trading, the two cities stepped out of the unilateral downward trend, and individual stocks showed a general decline. It picked up in the afternoon, and the decline of the three major stock indexes narrowed significantly.
From the disk, the indexes of CRO, lithium mine, battery recycling, gold, PEEK materials, photovoltaic, new energy vehicles and satellite navigation were adjusted back, while liquor, basic metals, insurance and agriculture were among the top losers. The cultural media sector is on the rise, and Kimi and high-speed copper connection are active.
By the close of March 22, the Shanghai Composite Index fell 0.95% to 3,048.03 points; The Science and Technology 50 Index fell 1.48% to 794.2 points; Shenzhen Component Index fell 1.21% to 9565.56 points; The growth enterprise market index fell 1.47% to 1869.17 points.
So far, this week, the Shanghai Composite Index fell 0.22%, the Kechuang 50 Index fell 1.79%, the Shenzhen Composite Index fell 0.49%, and the Growth Enterprise Market Index fell 0.79%.
Wind statistics show that 924 stocks in the two cities and the North Stock Exchange rose, 4,385 stocks fell, and 43 stocks were flat.
On March 22, the total turnover of Shanghai and Shenzhen stock markets was 1,097.3 billion yuan, an increase of 29.6 billion yuan compared with 1,067.7 billion yuan in the previous trading day, and it broke through one trillion yuan for five consecutive trading days. Among them, the Shanghai stock exchange traded 456.8 billion yuan, an increase of 19.2 billion yuan over the previous trading day of 437.6 billion yuan, and the Shenzhen stock exchange traded 640.5 billion yuan.
According to Great Wisdom VIP, 75 stocks in the two cities and the North Stock Exchange rose by more than 9%, and 18 stocks fell by more than 9%.
On March 22nd, northbound funds had a total net outflow of 3.138 billion yuan, and once reduced their positions by over 6 billion yuan in the afternoon. Among them, Shanghai Stock Connect sold 1.714 billion yuan and Shenzhen Stock Connect sold 1.424 billion yuan. This week, northbound funds accumulated a net sale of nearly 7.8 billion yuan.
Household appliances strengthened against the market, and insurance stocks fell sharply.
In terms of sectors, household appliances strengthened against the market, Fujia shares (603219) rose by over 4%, Changhong Meiling (000521), Biyi shares (603215) and Hisense Household Appliances (000921) rose by over 2%.
Coal stocks strengthened, while Jinkong Coal (601001), Shaanxi Coal (601225), Meijin Energy (000723) and mountain coal international (600546) rose.
Media stocks performed well, with Huace Film and Television (300133), Reader Culture (301025), Zhongyuan Media (000719), Zhongguang Natural Selection (603721) and Palm Reading Technology (603533) rising by more than 10%.
Non-ferrous metals were among the top losers, with Sheng Da Resources (000603), Zhongrun Resources (000506), Feinan Resources (301500) and Xianglu Tungsten Industry (002842) falling more than 4%.
Insurance stocks fell sharply, dragging down non-bank financial sectors, with China Ping An (601318), Rendong Holdings (002647), Xinli Finance (600318) and New China Life Insurance (601336) falling more than 2%.
The computer sector performed poorly, with Zhilai Technology (300771), Rice Information (688631), Desai Siwei (002920), Haofeng Technology (300419) and Chuanda Zhisheng (002253) falling more than 6%.
It is more likely that the subsequent market will enter the shock stage.
Guotai Junan said that the index is in a sideways shock stage, and it is recommended to pay attention to the theme concept sector. In the morning, the two markets opened lower and went lower. The Shanghai Composite Index once fell below the 20-day moving average, but there were only more than 20 stocks that fell more than 7%. There was no obvious panic. In the afternoon, AIGC themes such as media and data confirmation rose sharply, driving the index to stabilize. It is more likely that the follow-up market will enter the shock stage, mainly due to the lack of new impetus for the expected revision. The rebound of the superimposed market has accumulated a large increase, and the upward momentum of the index has weakened. However, from the mid-line point of view, the market microstructure is clear, and the reports of the two sessions clearly put forward "enhancing the internal stability of the capital market", and the bottom of the stock market has appeared. The market is expected to show an exponential shock and the theme concept plate is active.
On the theme, it is suggested to focus on new quality productivity and low-altitude economy/domestic computing power/emerging hydrogen energy. Decision-makers frequently mention "new quality productivity", and policies are expected to focus on the cultivation and development of new industries/new models/new kinetic energy, focusing on: 1) low-altitude economy: policies at all levels lead the acceleration of commercialization, and are optimistic about aircraft manufacturing/parts and flight service companies. 2)AI computing power: led by the "artificial intelligence+"action, the construction of domestic intelligent computing centers is expected to accelerate, and we are optimistic about the domestic optical interconnection/computing chip/Huawei intelligent computing industry chain. 3) Emerging hydrogen energy: industrial policies are intensively introduced, and the hydrogen production-storage and transportation-industrial hydrogen link is opened. We are optimistic about hydrogen production/storage and transportation equipment and fuel cells. 4) Domestic substitution.
Guosheng Securities said that since February, A-shares have experienced nearly one and a half months of repair, and the trading activity has gradually increased. In the case of foreign capital and "domestic capital" simultaneously adding A-shares, the market may have certain sustainability. Technically speaking, the selling pressure around 3090 points of the Shanghai Composite Index needs to be released, and the short-term defensive position is 3030 points. The upward breakthrough needs to continue to enlarge the trading volume, and it is not broken or a good opportunity to add positions. The active theme may continue to focus on new quality productivity, artificial intelligence, low-altitude economy, etc., and pay short-term attention to the main branches such as carbon fiber, AI+PC, consumer electronics and semiconductors. In operation, it is suggested to give priority to bargain-hunting layout and pay attention to high-low switching.
Founder Securities said that China’s cross-border e-commerce continues to be stable and positive, and it is expected to become a new foreign trade format with the fastest development and the greatest potential in the future. AI has rich application scenarios on the supply side of e-commerce (writing emails, optimizing Listing, after-sales service, etc.) and on the demand side (recommendation system, voice assistant, image search, etc.), and it is one of the core tracks for the commercialization of AI at present. At present, with the continuous iteration of AI technology, the continuous enrichment of subsequent related functions is expected to drive the penetration rate to continue to rise. Platform enterprises with AI service capabilities are also expected to form new differentiated advantages through product stickiness, further consolidate their market share and achieve industry leadership.
