However, A-shares are not weak today, and they have even given many opportunities
Reporter: Zhao Yun Editor: Xiao Ruidong
On April 19, the market fluctuated and adjusted throughout the day, with the ChiNext index leading the decline and the Shanghai index relatively strong. At the close, the Shanghai Composite Index fell 0.29%, the Shenzhen Component Index fell 1.04%, and the ChiNext Index fell 1.76%.
In terms of sectors, oil and gas, phosphorus chemicals, low-altitude economy, shipping and other sectors were among the top gainers, while BC batteries, semiconductors, consumer electronics, CPO and other sectors were among the top decliners.
Overall, individual stocks fell more and rose less, and more than 3,500 stocks in the whole market fell. The turnover of the Shanghai and Shenzhen stock markets today was 860.3 billion, a decrease of 89.3 billion from the previous trading day.
Northbound funds sold a net of 6.49 billion yuan throughout the day, including a net sale of 3.391 billion yuan in Shanghai-Hong Kong Stock Connect and a net sale of 3.099 billion yuan in Shenzhen-Hong Kong Stock Connect.
This morning, I was waiting for the market to open, and suddenly the "black swan" came.
Looking at the prices of European line container transportation, crude oil and gold, they all soared sharply in the morning.
If you pinch your fingers, there is a high probability that A-shares will be under pressure again today.
Sure enough, the three major indexes opened lower in early trading, and except for the Shanghai Composite Index that briefly turned red, the others were all oscillating underwater.
The Shanghai Index is strong, not only because of its own prefix and more weighted stocks, but also because it is the main battlefield of the market's funds.
On the other hand, stimulated by the news of geopolitical conflicts, today's top gainers in oil and gas exploration, shipping and other sectors, regardless of market capitalization, are more likely to start with 600.
Take the Straight Flush Index as an example:
In the oil and gas exploration and services sector, there are 20 constituent stocks, of which 12 are in Shanghai.
In the gas sector, there are 29 constituent stocks, of which 16 are in Shanghai.
In the port and shipping sector, there are 37 constituent stocks, of which 27 are in Shanghai.
The most typical, PetroChina and CNOOC, two giants with a combined market value of more than 3.4 trillion yuan, both continued to refresh their stock prices today.
Correspondingly, today's science and technology, consumption and other directions collectively fell, electronics, power equipment, computers, communications, food and beverage and other sectors fell first. Relatively speaking, these concept stocks start with 000 and 300, so they suppress the relevant stock indexes, especially the GEM index.
Just looking at the performance of the Shanghai Composite Index, you will even feel that A-shares are quite resistant to fall in the Asia-Pacific stock market that has fallen sharply as a whole today.
Judging from the performance of the average stock price of Wind All A or All A, Big A is still tenacious today.
It's not embarrassing.
For short-term funds, the market actually has enough time to react today.
Before the A-share market in the morning, international oil prices and European line container transportation have risen significantly.
However, at 9:25, at the end of the A-share auction, the oil and gas sector only started slightly red, and the shipping and precious metals sectors even fell slightly.
From the opening of 9:30 to 9:40, the market gradually reacted - it turned out that it was time to go to the above-mentioned sector today to "hedge".
10 minutes, isn't that a short time?
Subsequently, the gains of these sectors continued to expand, and some themes with a slightly farther logic followed up.
For example, phosphorus chemical industry and fertilizer line.
According to public information, Israel Chemical Group (ICL) is one of the world's largest fertilizer manufacturers, and the intensification of geopolitical conflicts will obviously affect its production capacity, disrupt the global fertilizer market, and expose the supply chain to uncertainty and supply risks.
There are also changes in the direction of nuclear pollution prevention and control, food security, etc., which are also changing today.
However, it will be interesting to see whether these sectors can come out of sustainability after fermentation over the weekend.
In contrast, what is even more surprising today is that the low-altitude economic sector withstood the pressure and opened low and went high, retaining another investment path in addition to the "risk aversion" logic problem.
A number of stocks suddenly rose intraday, with a straight line of 20cm limit.
Unlike yesterday, there is no big news about the low-altitude economy today, but the market enthusiasm is undiminished.
Some analysts pointed out that the low-altitude economy has a strong binding with short-term sentiment, and in addition, there are no other strong hot spots in the market.
As far as fundamentals are concerned, low-altitude direct opening up of new fields and new comprehensive economic forms can connect emerging fields such as new energy, drones, 5G/6G, and artificial intelligence, which can create a lot of new demand, and can also resolve part of the excess capacity by the way, so the medium-term industrial logic will not be easily changed.
Finally, the logic of the recent superposition of performance increase continues to ferment, and it has gradually strengthened from the previous dark line to the main line of the market. It can be seen that household appliances, construction machinery, power equipment, light industry manufacturing, etc. have recently walked out of a strong continuity.
National Business Daily