First, the pre-holiday funds are relatively cautious, and the trading sentiment is not high
Today, the peripheral stock indexes have ushered in a recovery after a continuous correction, and the yen's downward momentum has also eased after the statement of the governor of the Bank of Japan. However, the performance of A-shares is relatively weak, and the turnover has fallen below 800 billion, on the one hand, under the uncertainty of geopolitical conflicts, there is a need for hedging funds during the May Day holiday, and rumors that the United States is considering imposing sanctions on Chinese financial institutions, etc., which also has an impact on market sentiment to a certain extent.
Today, the ratio of the rise and fall of the two markets is 1.6:1, showing that the decline in the index is mainly caused by the decline of the high-weight dividend sector, and the small and medium-sized themes are relatively active, corresponding to the index, the Shanghai Composite Index closed down 0.74%, and the ChiNext index closed up 0.15%, and there may be some funds in advance of the theme layout before the holiday.
Chart: Changes in the turnover of the two markets in the past 7 trading days
Second, the dividend sector has pulled back across the board
In addition, on the news side, COMEX gold futures fell more than 3%, COMEX silver futures fell more than 5%, and the main Shanghai tin contract fell nearly 9%, which also triggered the flight of funds in the non-ferrous metal sector. However, the fleeing funds have not yet found a new undertaking plate, the electric fan market that rotates throughout the day is still relatively obvious, and there is also a stock differentiation within the military sector, and the turnover continues to shrink, and the overall market is still weak and volatile before the holiday.
At the close of trading today, there were 9 stocks in the two cities, 5 boards in Zhongheng Design, 49 on the daily limit, and 54 on the last trading day, and the rate of the daily limit rose from 68% to 69%. The average return of individual stocks in the last trading day was -1.21%.
3. Institutions and resonance stocks
According to the Dragon and Tiger list, the following stocks were bought by institutions and investors today, mainly in the low-altitude economy and non-ferrous metals:
To sum up: there is a hedging demand for funds before the holiday, and it is difficult to have a big market under the continuous shrinkage.