On Wednesday, A-shares did not continue to adjust, but gradually fluctuated higher from the morning, and the major indices wrapped back yesterday's big black line, which was very important for the expectation management done at the CSRC press conference last night, before the market was worried that a large number of individual stocks would become ST to be delisted, causing panic. However, last night, under the expected practice of the Securities Regulatory Commission, market worries eased, and then started a big rebound near 3,000 points. From Monday to Wednesday, the market has been on a rollercoaster ride for the next day. So is the market really stable? We still need to find the answer from the A-share data.
A-share data today:
Today, the turnover of the two markets was 918.5 billion yuan, a decrease of 3% from the previous day, and it has been three consecutive trading days. Compared with yesterday's huge net outflow, today's net inflow of the main forces in the two cities was 27.2 billion yuan, and the attitude of the main domestic capital towards today's market has reversed, which is also related to the expected management of the China Securities Regulatory Commission yesterday. Today's northbound net buying in early trading, but after noon, the northbound net outflow prevailed, and the end of the net buying again, and the northbound funds sold a net of 232 million yuan throughout the day.
Today's rise and fall ratio of individual stocks in the two cities is: 25.33:1, 238 up limits, 28 down limits, the number of daily limits has skyrocketed, and the rise and fall ratio of individual stocks has also reached the extreme, and it is difficult to continue such a general rise in the future. Micro-cap stocks, real estate, precious metals, chips, brokerages, etc. all performed on the sector changes, and there were no sector changes to weaken.
In the list of gainers and losers: PEEK materials, micro-cap stocks, spatio-temporal big data, e-paper, and flying cars were among the top gainers, and no sectors fell. Driven by funds: non-cyclical stocks, large-cap stocks, MSCI components, Beijing plates, and artificial intelligence net buying are among the top five, and 100 yuan stocks, liquor, stocks, liquor concepts, and brokerage gold stocks are among the top five.
In terms of data, today for three consecutive trading days shrinkage, although the market rose two days and one fell, but the funds are becoming more and more cautious, today domestic capital is the driving force, northbound performance is average, but domestic capital is difficult to say continue, today's exaggerated rise and fall ratio is also difficult to continue. In the first half of the week, the market was affected by the news and caused emotional distress, and the funds turned faster and larger, and the second half of the week waited for the market to get out of the mood to know what the real situation of the market was.
Outlook on the market:
The three trading days in the first half of the week are the same every day, every day is a roller coaster, the market is more troubled by emotions, I hope the second half of the week can get rid of this emotion, really follow the trend of funds. Although micro-cap stocks have risen a lot today, it is still recommended to reduce positions on high prices, after all, the quarterly report will be gradually announced, and it is difficult to say whether the bulls, ghosts, snakes, and gods in micro-cap stocks will see the light and die, and in the long run, micro-cap stocks hope to be far less good than constituent stocks.
I think that after the CSI 1000, such as the CSI 2000 and the CNI 2000, although they are volatile, they are really not suitable for public access, and the CSI 1000 is better to wait for the overfall before considering it, and not chasing up. If the market wants to return to normal, it is estimated that it will still favor the head and neck indices above the CSI 500.
If the market returns to normal in the second half of the week, then the expected funds should still be cautious, after all, the recent continued weakening of U.S. stocks is still under pressure on A-shares, and the emergence of quarterly reports will also put pressure on most of the industry stocks with poor performance. It is expected that the real direction will have to wait for April.
Unless there is another plunge, watch more and move less. Today, I don't have the opportunity to invest regularly, and I hold a position to watch the show.
The above are today's market notes, which are only used as personal daily reflections on the market and are not intended as trading advice. Investment is risky and should be traded with caution.
I focus on indexed investment, advocating the theory of stock market cycles and comprehensive allocation. Daily update of A-share review logs and fund real trading notes. The above content is only a testimony of the unity of knowledge and action in your own investment, and friends who are interested in indexation investment are welcome to leave a message or pay attention to not get lost.