TMT stocks are on the offensive rapidly, how will the follow-up market go?

Finance Associated Press, February 23 (edited by Zilong), today (February 23), the market as a whole continued to "sing" forward, not only once again set off the "100-share limit", the Shanghai Composite Index also successfully closed up, and achieved a rare 8-day consecutive yang, during which the cumulative increase of nearly 11.2%. At present, the Shanghai Composite Index has returned to the 3,000-point mark, and at the same time, it has recovered all the losses since the beginning of this year.

Note: Shanghai Composite Index 8 consecutive positive (as of the close of trading on February 23)

The Shanghai Composite Index rarely won for many days, and TMT stocks counterattacked rapidly

With the recent continuous recovery of A-shares, the market trading activity has increased significantly, and many indices and individual stocks have ushered in a V-shaped rebound. Looking back on the rebound process, based on the statistics of the Shanghai Index recorded 8 consecutive yang as the range market (February 6 to 23), small and micro cap stocks rebounded rapidly in this round of repair market, CSI 2000, CNI 2000, and CSI 1000 rose by more than 20% in the same period, while the weight of the index CSI 300, the dividend index, and the SSE 50 index rose relatively late in the same period, but they all rose by more than 7%.

Note: The range of major market indices from February 6 to 23 (as of the close of February 23)

From the perspective of sub-industries (Shenwan level), TMT stocks are one of the "main forces of counteroffensive" in the recent market, and the computer, media, communication and electronics sector indices rose by nearly 23.3%, 21.3%, 20.3% and 18% respectively from February 6 to 23. At the same time, the national defense and military industry, social services, machinery and equipment, and basic chemical sectors also rose first, with an increase of more than 15% in the same period, while banks, household appliances, public utilities, agriculture, forestry, animal husbandry and fishery, and food and beverage sectors were relatively backward.

Note: The range of industry sectors from February 6 to 23 (as of the close of February 23)

In terms of specific stocks, during the period of the Shanghai Index 8 consecutive yang, many bull stocks successfully "emerged". Judging from the data, excluding the listed new shares, A-shares rose by nearly 20.3% on average from February 6 to 23, and 63 shares rose by more than 50%. Among them, the share prices of 6 stocks of Weihaide, Anoqi, Insai Group, Kelai Electromechanical, Lanke High-tech, and Danghong Technology have doubled, and in addition, ST has a tree, West Testing Test, Huichang Communication, High-tech Development, 263, Senyuan Shares, Tongniu Information and other stocks have also risen to the top.

Note: Stocks that have not been listed since February 6 and have the highest gainers/losers from February 6 to 23 (as of the close of trading on February 23)

The two sections of Lianyang market review, the dominant direction are sorted out together

Judging from historical data, the Shanghai Composite Index has rarely been in the market for more than a week, and it is very rare to see the current market of 8 consecutive yangs. In the past ten years, do not calculate the false yang line and false yin line, and do not count this time, a total of 2 times recorded 8 consecutive yang and above market, the last round occurred from December 28, 2017 to January 12, a total of 11 consecutive yang, during the cumulative increase of nearly 4.68%. The other time was from March 11 to 24, 2015, which lasted for 10 consecutive days, during which the cumulative increase was nearly 12.22%, and the range increase was more obvious.

Note: The Shanghai Composite Index has been in the market for 8 consecutive positives and above in the past 10 years (excluding false positive and false negative candles, as of February 23, 2024)

According to the above two market statistics, during the 10 consecutive days of the Shanghai Index in March 2015, the main indices of the market rose by more than 10%, among which the ChiNext index, the dividend index and the small and medium-cap index were relatively more dominant. From December 2017 to January of the following year, during the 11th consecutive day of the Shanghai Index, the heavyweight stock index and dividend index rose first. In terms of industries, in the 2015 Lianyang market, the computer, building decoration, and steel sectors were dominant, while in the 2017 Lianyang market, household appliances, real estate, and food and beverage sectors were among the top gainers.

Note: The performance of major market indices during the two long-term consecutive positive periods of the Shanghai Composite Index

Note: The performance of the market sector index during the two long-term consecutive sunny periods of the Shanghai Composite Index

If you count the follow-up market performance of the two Lianyang markets, in 2015 one month after the Lianyang market, the Shanghai Index continued to rise and recorded a range increase of nearly 19%, at the same time, the large and small market indices rose close to each other in the same period, machinery and equipment, building decoration, national defense and military industry, petroleum and petrochemical, power equipment sectors dominated. In the market one month after the Lianyang market in 2017, the Shanghai Composite Index has adjusted, with a cumulative drawdown of more than 6%, while the dividend index and large-cap stock index have performed relatively resiliently, and the performance of steel, banks and social services has been relatively good.

Note: The performance of major market indices in January after two long consecutive days of positive results

Note: The performance of the market sector index in January after two long-term consecutive positive days

(Finance Associated Press Zilong)