On March 27, A-shares ushered in the largest adjustment since February 29, which is also the adjustment of A-shares for 5 consecutive days, 4700+ shares in the two cities fell, and 67 stocks fell to the limit, and the market sentiment will reach the freezing point, which also means that the market is about to usher in a rebound repair.
In the author's opinion, today's market killing, it seems that there are signs of wrongdoing, why do you say that?
Judging from the three major economic data released on the 27th, the economy ushered in a good "good start" from January to February 2024, but the stock market hit 3,000 points to welcome the good start, which is really incredible.
First, look at the data of the industrial economy. According to data released by the National Bureau of Statistics, from January to February, the total profit of industrial enterprises above designated size in the country was 914.06 billion yuan, a year-on-year increase of 10.2%, ending the situation of negative growth for 12 consecutive months since 2023. The double-digit growth in the profits of the national industrial enterprises represents the gradual recovery of the economy, which is fed back to the secondary market, and the performance of listed industrial enterprises in the first quarter may generally show a growth trend, which theoretically boosts the confidence of the market, but the market has fallen sharply, and the market is expected to usher in a correction.
In particular, the growth of the new kinetic energy industry has accelerated significantly. According to the data, from January to February, the output of service robots, 3D printing equipment and other products increased by 22.2% and 49.5% year-on-year respectively.
Second, look at the import and export data. From January to February 2024, the total import and export value of goods in mainland China reached 6.6 trillion yuan, an increase of 8.7%, a record high for the same period in history, and the growth rate was about 7 percentage points faster than that in the fourth quarter of last year. Specifically, exports increased by 10.3 percent and imports by 6.7 percent. These data show that the confidence of foreign trade enterprises continues to increase, which is also an important indicator of the continued economic recovery.
Third, look at consumption data. According to data from the Ministry of Commerce, the total retail sales of consumer goods from January to February were 8.1 trillion yuan, a year-on-year increase of 5.5%. The overall growth trend is stable. However, in some segments, it is obvious that there is a high growth trend, such as the national online retail sales increased by 15.3% year-on-year, of which the online retail sales of physical goods increased by 14.4%, and green consumption is very popular, especially new energy vehicles, the retail sales of new energy passenger vehicles increased by 37.2% year-on-year in the first two months.
These three positive economic data mean that the economy is expected to grow beyond expectations in the first quarter of 2024, suggesting that the performance of this listed company is also expected to rise.
In the case of good economic data, A-shares fell sharply, which should be the impact of a small composition on the evening of the 26th, the excessive performance of market pessimism, and as the market sentiment stabilized, Thursday will usher in a trend of error correction.
At present, the market sentiment is the worst day since February 29, the sentiment has fallen to the freezing point, and the sentiment is expected to repair the demand.
At the same time, the artificial intelligence industry chain fell sharply across the board, and on Thursday paid attention to the return of funds, if the main line of artificial intelligence returned to the capital will continue, if the market is currently under the current situation, focus on tapping the opportunity of the direction of the annual report performance increase.
Among the sectors that have turned around today's performance, there are still 4 companies with a daily limit, reflecting the money-making effect of the performance line.
The above views do not constitute any operational advice, the stock market is risky, and investment should be cautious. This newspaper is prepared based on the principles of independence, objectivity, impartiality and prudence, and the information is derived from public information, and the company does not make any guarantee for the accuracy and completeness of such information.