More than 5,000 stocks fell, 1,000 stocks fell by more than 10%, and the Shanghai Composite Index faced another 3,000 points to defend the battle?
Source: China Business News, China Fund News, Securities Times, Wind
Today, the stock indexes of the two cities fell sharply unilaterally, and micro-cap stocks fell sharply for 2 consecutive days, the Shanghai Composite Index approached 3,000 points, the Shenzhen Component Index and the ChiNext Index fell about 2%, and more than 1,000 stocks in the whole market fell or fell by more than 10%, and less than 300 shares were red.
What happened to the stocks you followed? Let's review today's stock market situation.
More than 5,000 stocks fell in the market
Northbound funds returned more than 3 billion in the last 30 minutes
Today (April 16), the three major A-share indexes collectively closed down, and individual stocks showed a general downward trend. At the close, the Shanghai Composite Index fell 1.65%, the Shenzhen Component Index fell 2.29%, and the ChiNext Index fell 1.97%.
Wind data shows that more than 5,000 stocks in the whole market fell, 746 shares fell to the limit, and only 278 shares were red.
The total turnover of the two cities was 947.1 billion yuan, a decrease of about 50 billion yuan from the previous trading day.
Wind data shows that northbound funds sold a net of 2.793 billion yuan throughout the day, and returned more than 3 billion yuan in the last 30 minutes, of which 1.36 billion yuan were sold through Shanghai-Hong Kong Stock Connect and 1.432 billion yuan were sold through Shenzhen-Hong Kong Stock Connect.
The main funds continued to flow into the construction decoration, banking, medicine and biology sectors, and the non-ferrous metals, electronics, power equipment and other sectors continued to flow out of the net outflow.
In terms of individual stocks, CRRC, JSTC, and China Haicheng received net inflows of 610 million yuan, 477 million yuan, and 301 million yuan.
In terms of net outflows, Kweichow Moutai, Emeishan A, and BOE A were sold off 601 million yuan, 328 million yuan, and 297 million yuan respectively.
The top stocks in China rose and fell
Micro-cap stocks continued to fall sharply
On the disk, the ST sector, tourism, machinery, chemical, media, and environmental protection sectors were sluggish throughout the day; banks and coal bucked the trend, and home appliances and some large-capitalization real estate stocks strengthened in the afternoon.
Specifically,
The top stocks in China rose and fell, Zhonggong Hi-Tech 2 boards, China Haicheng, China Nuclear Science and Technology rose by the limit, and China Railway Assembly rose by nearly 18%.
CICC's research report believes that the release of the new "China Nine Measures" will help further improve the overall risk appetite of investors. Investors are advised to focus on two directions: First, high-dividend related areas. The "Opinions" and supporting systems are expected to guide listed companies to strengthen dividends and increase the level and frequency of dividends. It is recommended to continue to pay attention to high-dividend industries, especially related stocks with marginal improvement in dividend ability or willingness in combination with the research ideas on high dividends released in the early stage. The second is a leading company of securities companies and asset management. These companies are expected to achieve high-quality development in the introduction of the new "National Nine Measures" and the construction of a financial power.
The kitchen and bathroom appliances sector rose in the afternoon
, Martian's daily limit, Yitian Intelligent rose by more than 10%, and Shuai Feng Electric Appliances and Zhejiang Meida were among the top gainers.
As for
The reason for today's market plunge, some media analysis said, the first is the weakness of the peripheral market, the US stock market fell hard last night, the main Asia-Pacific stock indexes collectively fell today, and the European stock market opened down. The second reason is that micro-cap stocks have collectively collapsed again, with the index plummeting by more than 10%, and the reason for the collapse of small-cap micro-cap stocks comes from the latest delisting rules.
Under the introduction of the new "National Nine Articles" and relevant supporting policies of the regulatory authorities, the construction of investment attributes in the capital market is accelerating, and the investment logic of the entire small and micro cap stock sector will also undergo great changes.
Soochow Securities pointed out that the proposal of the new "National Nine Articles" can better safeguard the rights and interests of investors in the secondary market, curb the bad atmosphere of "speculating on small and speculating on poor performance", and the clearing of poor performance stocks will help to make the market's active funds focus on high-performance stocks, which is conducive to creating a good market environment;
On the other hand, it can also provide direction and guidance for financing in the primary market.
In addition, we should be vigilant against the risk of delisting of underperforming stocks in the secondary market, especially some micro-cap stocks with weak performance.
A quantitative agency manager told the first financial reporter: "In the short term, market sentiment has led to funds panic selling small and micro disks, and the greater impact is the corresponding index increase strategy products." However, it is also necessary to combine the characteristics of the market environment that has lasted so far (stock capital game), the growth of small and medium-sized caps in historical data provides medium and long-term excess returns, and the sustainability of the current large-cap stock market should be cautiously observed, because the rapid rotation of plates is also an obvious feature at present. It is necessary to adjust the factor parameters and stock pools at any time according to the subsequent situation. ”
Shenwan Hongyuan Qian Qimin believes that the market of micro-cap stocks is still mainly adjusted. Yang Delong, chief economist of Qianhai Open Source Fund, pointed out that the new "National Nine Articles" promote the change of market style, embrace high-performing stocks and stay away from low-performing stocks. Liu Yunlong of Guorong Securities said that the risk of micro-cap stocks will continue to be released.
The 3,000-point mark is in jeopardy
Is the broader market facing adjustment risks again?
Today, the three major indexes fell across the board, and the market is facing adjustment risks again?
In this regard, Liu Yunlong, senior investment adviser of Guorong Securities, believes that the index remains volatile, waiting for the blue chips to drive a rebound.
Huang Hongfei of CITIC Securities believes that the policy leads to short-term avoidance of suspicion and waiting for sentiment to stabilize.
Huang Liang, a senior strategic analyst at China Merchants Fund, believes that there are still constraints in the short-term market, and fluctuations around 3,000 points may be the main theme.
Jin Jun, investment director of Qianhai Boben Fund, believes that the market continues to adjust the trend, and the 3000-point mark is in jeopardy, and it is feared that after testing the previous low of 2984, the C-wave adjustment structure will finally end. After that, he will return to fight 3089 again. Although there are new low expectations in the short term, it will not change the medium-term shock upward pattern. In terms of operation, we should patiently hold the currency and wait for the final structural adjustment to be completed, and enter the second half of the April quarterly report and annual report.
Zhongtai Securities investment consultant Deng Tian believes that the market is currently in the stock game stage, and simply determining the rise and fall by market value will inevitably lead to wrongful killing. In the past two days, the market has shown a "seesaw effect" of good overall market and small and micro market differences, indicating that the market is still in the stock game stage, and some stocks with good financial indicators and good market position in niche markets may be mistakenly killed because of low market value. In addition, you can pay attention to companies with abundant cash flow, on the one hand, such companies are more resilient to risks. On the other hand, such companies are more likely to have cash opportunities to acquire high-quality assets in the context of tighter IPOs.
Orient Securities believes that, on the whole, the new "National Nine Articles" is conducive to the long-term development of the A-share market, is conducive to solving the imbalance between supply and demand, the company's quality is not high, the correct investment concept needs to be improved and other problems, and proposes institutional construction for a good investment and financing environment, which will help enhance market transparency, standardize market order, promote the healthy development of the capital market, further enhance investor confidence, and promote the capital market to a more mature and stable direction.
Editor on duty: Su Xiao