On Monday, A-shares continued to be strong on Friday, and the major indexes continued to rise, with the Shanghai Composite Index closing at 3,313.04 points for the first time this year. Although this time it is the entry of foreign capital into the market that mainly drives the rise, and the continued strength is uncertain, this trend of standing on the annual line is still very boosting, which is conducive to rebuilding the public's confidence. For more details, let's take a look at today's A-share data analysis.
A-share data:
Today, the turnover of the two markets was 1,211.1 billion yuan, an increase of 11.4% from the previous day. Today, the main net outflow of the two cities was 7.11 billion yuan, and the main funds of the two cities turned back to the net outflow, but the net outflow was not large. The net purchase amount of northbound funds was 10.892 billion yuan, and the northbound continued to buy large amounts of net purchases today, mainly concentrated in the morning session, and the end of the session fell, although it decreased by 51% from the previous day, but there were still so many funds willing to buy on the second trading day before the holiday, which is also very optimistic about A-shares.
Today, the ratio of individual stocks in the two cities is: 5.83:1, with 135 up limits and 24 down limits. In the plate changes, the real estate development and banks in today's weights are active, and the recent real estate and banks are rare to rise synchronously, and the track and theme are also performing well today, which has led to the general rise of individual stocks today, and the money-making effect is good.
Among the gains and losses in today's plates: automobile dismantling, real estate, high financing, rent-purchase and property management concepts ranked among the top five, and oil, ships, transportation services, transportation equipment, and telecommunications operations ranked among the top five. Driven by funds: non-cyclical stocks, MSCI components, fund heavy positions, broken net assets, and lithium battery concepts ranked among the top five net buying, and China Special Valuation, Gold Concept, Nonferrous Metals, Brokerage Gold Stocks, and the Belt and Road Initiative ranked among the top five net sellers.
According to the data, today's volume has risen, the bulls have the advantage, and the money-making effect is good. In particular, northbound funds have obvious incremental capital entry, which is mainly driven by the yen problem, and it is not necessary to say that all are long-term investment funds, after all, China's economy has not improved significantly, but it is possible to short-term hedging or medium-term allocation of undervalued A-shares. It's just that the market needs to pay close attention to how strong the new funds are.
Outlook on the market:
From the daily K-line chart, the Shanghai Composite Index and the Shanghai Composite 50 took the lead in standing on the annual line, which is a great confidence boost for A-shares, after all, everyone was still in a bear market in January, and the world felt hopeless. But standing on the annual line proves that the market is coming out of the trough of confidence, although there is still a gap from the bull market, because I think the bull market must require all the important broad indices to stand on the annual line and continue to rise.
This round of sudden rally that started last Friday was indeed carried out in an unexpected way, mainly because of the large number of northbound funds. This kind of buying is not based on the improvement of the fundamentals of A-shares, but more about the transfer of funds, and even if there is no continuous net buying of funds in the future, the index will fall back, but this kind of breakthrough of the annual line will make A-shares more and more active, so as to lay the foundation for the future major indices to break through together to form a real bull market. So in this case, I still choose to hold my position and respond to the market with high equity assets.
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.