On Wednesday, A-shares improved slightly, with major indices rising more and falling less, the strongest of which were the Science and Technology Innovation 50, CSI 500, and CSI 1000 Index, while the weakest was the dividend index. In particular, the dividend index has been adjusted all the way since Monday, and the main reasons are: 1. Because the dividend index has risen a lot during the year, it has risen by 23.39% at the peak, which has risen too high for a quarter, and 2. It is because of the first quarter report, many heavyweight stocks and coal industry performance announcements have led to adjustments. This is the reason for the recent adjustment of the dividend index, and it has once again proved that there is no index that only rises and does not fall. As for the overall situation of A-shares, let's take a look at today's A-share data.
A-share data:
Today, the turnover of the two markets was 795.4 billion yuan, a slight increase of 2.5% from the previous day, stopping the continuous contraction. The main net inflow of the two cities was 1.624 billion yuan, and the buying volume was not large today. Northbound funds bought a net of 4.606 billion yuan, and the northbound funds bought today and the degree of strength is stronger than that of domestic funds, but from Thursday, there is a pre-May Day effect, and then I don't know which willingness of the main domestic and foreign funds to hold positions during the holiday or moderately reduce their positions is higher.
Today's rise and fall ratio of individual stocks in the two cities is: 4.08:1, 72 up limits, 26 down limits, and the market today has a good money-making effect. On the abnormal sector: the theme concept is mostly active, and the energy metal and securities are weak. In the list of gainers and losers: copper cable high-speed connection, flying cars, low-altitude economy, spatio-temporal big data, and CPO concept ranked among the top five, and glyphosate, sand control, coal, allotment stocks, and recent new lows ranked among the top five. Driven by funds: 5G concept, artificial intelligence, non-cyclical stocks, chips, and cloud computing are among the top five net purchases of funds, while low price-earnings ratios, high dividend stocks, banks, low price-to-book ratios, and cyclical stocks are among the top five net sellers of funds.
In terms of data, today's slight rebound, the main net buying of domestic and foreign capital, the bulls have the advantage, and because the funds have once again shifted from dividends and cyclical stocks to themes, concepts and track markets to make money.
Outlook on the market:
Last night's U.S. economic data continued to exceed expectations, resulting in a slowdown in interest rate cut expectations, resulting in a sharp rise in U.S. stocks last night. The three factors that affect short-term A-shares mentioned yesterday: 1. Q1 forecast. 2. Important meetings. 3. The trend of U.S. stocks, of which 2 and 3 are now more, and the most affected by the bearish first quarter report is the weight, cycle, and dividend sectors, so today's dividend trend is average, and small and medium-sized enterprises are performing well.
Considering that there are still four trading days before the May Day holiday, and the first quarter is still not over, the index will not go unilaterally rebound, but more of the index shock said yesterday, and the industry and individual stocks have a structured market. There is no regular investment opportunity today, continue to hold the position and wait and see, waiting for Thursday to next Monday to see if there will be a good time for regular investment.
It is only a personal daily reflection on the market, not as a trading recommendation. 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.