Today's A-share opening on the confession, mainly by the overnight U.S. stocks collective closing down dragged down, the three major indexes collectively low, after the opening of the three equity heavy forces across the board to pull up, driving the Shanghai Composite Index low open high open red turned up; but due to the weight of the plate pull up strength failed to continue, and the major sectors and individual stocks all low open low and low fall, the overall disk is still very weak, in addition to the ChiNext board fell relatively large, the Shanghai and Shenzhen main board slight shock operation.
Although the disk surface is very weak, but because the weight plate has an iron heart to protect the disk, it is obvious that it is a warm boiled frog model of "protecting the index to kill individual stocks"; of course, the index is very strong, but most of the plates and stocks failed to resist the pressure of the selling, and the opening fell up, small and medium-sized theme stocks are today's hardest hit areas, more than 80% of the stocks have killed and fallen, and it is indeed a trading day for harvesting leeks.
The shanghai composite index rose by 0.34%, the Shenzhen composite index fell by 0.31%, and the ChiNext index fell by 1.36%; the individual stocks were green, 973 stocks rose, and 3568 stocks fell; individual stocks performed too poorly, of which the concept of new crown drugs fell sharply, seed stocks, generic drugs, cloud games, industrial hemp and chicken and other stocks led the decline in Shanghai and Shenzhen, on the contrary, only weighted stocks rose, insurance, oil, coal and salt lake lithium led the rise, Most of the rest of the industry stocks are eating noodles.
From today's A-share market, the typical warm boiled frog market, the index is very strong, but small and medium-sized stocks have been lying down, so it can be concluded that today's A-shares are understood as protecting the index to fall stocks, or as a "distorted market" How to view this market?
First of all, I would like to express my views on today's index, in addition to the relatively large decline in the ChiNext index, the Shanghai and Shenzhen main board index is still very strong, and there are two major views on the index.
First: Today, the Shanghai and Shenzhen main board index is very stable, mainly by the three major weight plates for protection, namely financial strength, cyclical force and liquor power, and the three equity forces work together to support the index.
For example, the insurance sector is the strongest, Chinese life has been speculated by super funds, driving the entire insurance stock to take off and becoming the strongest bull today; with the rise of insurance, securities and banks have followed the trend, oil, construction, coal and nonferrous metals, as well as real estate and other full protection, this is the iron heart to stabilize the index.
Second: Why do the Shanghai and Shenzhen indices continue to protect the market and do not allow the index to fall? Behind this must be the impact of super funds for speculation, and the impact of the speculation weight of major institutions. However, there is definitely a purpose behind the speculation of various funds to protect the weight plate.
For example, the purpose of the weight protection index is not to allow the market to panic again, and it is very unfavorable for the market to know that the market is very unfavorable to the market again. The focus is to let A shares return to value, let highly valued stocks fall, and let the undervalued stocks reflect the value, perhaps this is the real purpose behind the recent A shares and today's weight protection.
To sum up, it is learned that today's a-share harvest market of protecting the index of individual stocks, mainly the three major weights of the protective disk to resist the pressure of the selling, the purpose is not to let the market panic, let the market value return, only in this way can the entire market better enter the value investment.
Why did the index not fall, and individual stocks fall so badly?
The above has been analyzed for today's A-share protective disk, which is for the return of value, in order not to allow the disk to kill again, and there is a panic trend. However, in the phased market of the disk protection, small and medium-sized theme stocks have suffered, and the lack of funds has been concentrated and pressured, resulting in the loss of money in the index, why is this?
I really want to strengthen the A-share index independently until today, but the individual stocks are green, mainly due to the following two reasons, the specific reasons are as follows.
Reason one: Because the funds have been grouped, the protective disk with funds continues to rise, and the stocks without funds continue to fall, resulting in a differentiated market. The super funds have been grouped in the weight plate, and the rest of the theme stocks have no funds at all, which will naturally fall.
It means that the stock funds are all in the large-cap stocks, so the rise of large-cap stocks will definitely drive the index, and the weighted stocks will attract the theme stock funds, resulting in the lack of funds and popularity of the theme stocks, becoming a victim under the distortion market, so most of the theme stocks have fallen.
Reason two: because A shares are taking the route of value investment, that is, letting the market value return, it is precisely because the white horse stocks that were crazy in the early stage were subjected to institutional selling pressure, these white horse stocks rose too high, and then there are many theme stocks with too high valuations and need to return.
The simple understanding is that the subject stocks in today's A-shares have no value, so that the overvalued stocks fall down, return to the value investment, let the stocks that have been undervalued, reflect the value, and the stock price will naturally rise, which is why the index has risen, and the individual stocks have fallen so fiercely.
Comprehensive analysis through the above analysis to know that today's weighted stocks so tenaciously to protect the disk, stabilize the Shanghai and Shenzhen index, mainly to prevent the market panic, but also to let the market value return. The weight plate is basically within the value investment, the value return is to kill those overvalued stocks, on the way to the value of the small and medium-sized theme stocks have become victims, assets will gradually shrink, earning the index lost money phenomenon.
The recent a-share hot spots are very clear, funds and popularity are around the weight plate speculation, the operation is either wait-and-see do not participate, or participate in the operation can only follow the main line, with the trend of the layout of low-valued blue-chip stocks, the recent holding of low-valued blue-chip stocks is the best way.