The SFC's response is coming!
On Tuesday, A-shares came out to collectively adjust the market, and the three major indexes all fell by more than 1%, and the market sentiment was relatively poor!
In terms of data, as of the close, a total of 746 shares fell to the limit, and 1,600 shares fell by more than 9%;
Out of the proper small "stock market crash" market!
Among them, micro-cap stocks have become the "hardest hit area", and the micro-cap stock index fell sharply by more than 9% again, falling by more than 15% in two days
At the same time, ST shares have also suffered a large degree of heavy losses!
So, what caused the sharp decline in micro-cap stocks?
In addition to the collective adjustment of the peripheral market, there are also important measures recently released by the village and new regulations for delisting!
Affected by the news, market funds have voted with their feet on "micro-cap stocks", which has led to a sharp decline in micro-cap stocks recently!
It is worth mentioning that the village also responded to the misinterpretation of the market:
The village said that the new delisting rules are intended to accurately clear out companies with poor performance and bad deeds, not for small-cap stocks, and the implementation of other risk warnings if the dividends do not meet the standards will not lead to delisting.
The village has responded, so next, will small-cap stocks come out of the rebound?
We'll have to wait and see, but at least don't let the small-cap stocks that perform so badly in the short term go to the fire!
In the long term, the new rules on delisting are good for the capital market, but the impact of the short-term market is greater!
I believe that as long as the house is cleaned and some deep-seated problems are solved, the market can come out of a healthy upward trend!
Index movements
Judging from Tuesday's market trend, the three major A-share indexes opened low and went low, among them, the Shanghai Composite Index stepped back to 3,005 points at the lowest, falling off yesterday's positive line, and the ChiNext Index fell by more than 2%;
Will the market continue to adjust in the future?
Let me tell you what I think
At present, from a technical point of view, the market has once again fallen below the 10-day line, 20-day line and other important moving averages, and there is still no obvious signal to stop falling!
In the short term, it is very likely to continue to adjust the market!
The adjustment position is temporarily seen to be around 3000 points, from the previous market trend, the market has obvious support near 3000 points, I believe this estimate is no exception!
If the market can stabilize around 3,000 points, it is expected to continue to come out of a new round of upward trend!
This decline was mainly affected by small-cap stocks, and the CSRC also responded after hours, saying that it was mainly aimed at some shell companies, not small-cap stocks, so the short-term wrong-performing small-cap stocks are likely to usher in a repair market!
The stabilization of small-cap stocks is also good for market sentiment, and after a continuous decline, it is expected to come out of the stop market, at least in the short term, it can usher in a repair!
At present, the market has come to around 3000 points, and I personally think that there is less room for a sharp decline downward, and the lower support level is concentrated in the area of 2977 points to 3000 points, which is the semi-annual line position!
The index is still expected to fluctuate and stabilize around this area, and come out of a new round of upward attack!