After breaking 3,000 points, it rebounded strongly, and bank stocks fell and small and medium-sized stocks outperformed the market
Today's news:
[The three major U.S. stock indexes collectively closed higher, and the S&P 500 index hit a new closing high] The three major U.S. stock indexes collectively closed up overnight, with the Dow up 1.22%, the S&P 500 up 0.86%, and the Nasdaq up 0.51%. Among them, the S&P 500 index hit a new closing high, and the Nasdaq and Dow Jones are approaching their all-time closing highs. Big tech stocks were mixed, with Intel up more than 4%, Apple up more than 2%, Tesla up more than 1%, and Nvidia and Netflix down more than 2%.
[The number of IPO cancellations has surged under strict supervision, and the number of successful A-share listed companies has decreased by 50% year-on-year this year] Initial public offerings (IPOs) under strict supervision, more and more companies in the queue are canceling orders. According to the data, as of March 27, a total of 82 IPOs were terminated during the year, of which 80 were voluntarily withdrawn, accounting for more than ninety percent. At the same time, only 26 A-share companies have been successfully listed this year, a year-on-year decrease of 50%. An investment banker told the Securities Times reporter that the IPO withdrawal is affected by multiple factors, as the IPO supervision becomes more and more stringent, some businesses are overly dependent on a single customer, and the profitability of the declining enterprises have chosen to terminate the review, especially under the regulatory guidance of the increase in the proportion of on-site inspections and strict investigation of "clearance dividends", some enterprises and intermediaries need to make careful re-considerations and adjustments to the IPO declaration, and meet the latest IPO regulatory requirements by withdrawing first and then improving the materials.
[Is falling below 3,000 points a big "small composition" causing trouble? Elimination method to see who is responsible for the fall this time] Some industry insiders told the Financial Associated Press reporter that Morgan Stanley has not recommended investors to take profits in the latest research report, and this screenshot is suspected to be grafted with the content of Morgan Stanley's "profit taking" research report in August 2023 and imitated. There was also a typo in the profit-taking.
[The central bank's open market net investment of 248 billion yuan] The central bank carried out a 7-day reverse repurchase operation of 250 billion yuan today, and the winning interest rate was 1.80%, the same as before. Due to the expiration of 2 billion yuan of 7-day reverse repurchase today, a net investment of 248 billion yuan was realized.
As of March 27, the financing balance of the Shanghai Stock Exchange was 790.056 billion yuan, a decrease of 1.592 billion yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 707.271 billion yuan, a decrease of 2.369 billion yuan from the previous trading day, and the total of the two cities was 1497.327 billion yuan, a decrease of 3.961 billion yuan from the previous trading day.
[Net inflow of northbound funds of 2.9 billion yuan] As of the close of trading at noon, the net inflow of northbound funds was 2.879 billion.
This morning, the market fell 5 points to 2988 points, bottomed out 2984 points, rushed up 3030 points, and closed at 3025 points before noon. SSE 50, CSI 300, SSE Index, Shenzhen Component Index, ChiNext, STAR Market, CSI 500, CSI 1000 rose 0.75%, 1.12%, 1.09%, 2.10%, 1.88%, 2.15%, 2.07%, 2.82%. The ratio of individual stocks is 5019:292, and the ratio of price limit is 97:0. The half-day turnover of the two cities was 562.9 billion, an increase of 16.9 billion from the previous trading day.
At 2:15 p.m. yesterday, the national team's CSI 300 ETF rose to 3.532 yuan, and the market rebounded to 3,030 points. However, due to the small-capitalization stocks represented by northbound funds and CSI 1000 and CSI 2000, the national team had to give up guarding, and the CSI 300 ETF fell below 3.50 yuan, and the broader market then fell below the 3000-point platform. But after falling below 3,000 points, he went north and bought 3 billion against the trend.
Yesterday broke 3000 points, the real reason is that the market is short sentiment, not broken, not standing, want to break through 3000 points and then restart the market, can be described as a technical suppression.
This morning, under the diving of the four major bank stocks, the market only fell to 2984 points, and then reflexively went all the way up. The 10 major indexes have seen a strong rebound, only the four major bank stocks collectively turned green, and the Industrial and Commercial Bank of China took the lead in announcing a dividend plan, with a dividend of 0.3064 yuan per share, and a dividend rate of 5.81% according to the current stock price, three times the annual interest rate of the bank. The Agricultural Bank of China, the Bank of China, and the Construction Bank will also announce the dividend plan tonight, and it is estimated that there will be roughly this dividend rate level. If there are two more dividends in the third quarterly report and before the Spring Festival next year, it should be able to attract medium and long-term funds to come in and stay.
The 10 newly established CSI 50 ETFs also rose well in the morning, and the ETFs also had a dividend theme. The CSI 300 ETF broke through the rebound high yesterday afternoon, reaching 3.542 yuan. As long as the three most weighted sectors are stabilized, the space below 3,000 points will be blocked.
As a result, the small and medium-sized market capitalization stocks that led the decline in the morning rebounded with a vengeance, with the CSI 2000 up 3.22% and the CSI 1000 up 2.82%. The yellow line is high, and small and mid-cap stocks have outperformed the market across the board. Yesterday, the ratio of individual stocks was 589:4719, and the ratio of individual stocks was 51:87, and this morning, the ratio of ups and downs was 5019:292, and the ratio of 97:0, which is very dramatic. This morning, the highest touched 3030 points.
In the morning, the concept of low-altitude economy set off a rising tide, and artificial only, digital economy, flying cars, aerospace, copper high-speed connection, drones, Beidou navigation, state-owned assets cloud, AI mobile phones, etc. were among the top gainers.
If the market is still repeated, below 3,000 points is still an opportunity to buy dips. This morning is a general rally, especially small and mid-cap stocks. However, people should still pay attention to the fact that in April every year, the annual report and the first quarterly report have a greater impact on the rise and fall of individual stocks. Therefore, investors who lack independent stock selection may wish to follow the four major ETFs, four major bank stocks, and 10 CSI 50 ETFs of the national team, buy low and sell high to make the difference, and obtain stable returns.
Afternoon attention: Can the bottom of the market close above 3024 points on the 5th antenna? Can the top close above the key level of 3030 points? Can the four major bank stocks of the national team turn from falling to rising? Can northbound funds expand on the basis of the net inflow of 2.88 billion yuan in the morning? Can the disparity between 5019:292 stocks rise and fall less? Can the trading volume be above 900 billion?