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2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

author:Stock market of the day

U.s.

U.S. stocks closed slightly higher across the board overnight, with the Dow up 0.38%, the Nasdaq up 0.35%, and the S&P 500 up 0.32%.

More than 45% of S&P 500 companies have reported earnings so far, with about three-quarters of them beating expectations, according to FactSet data.

Monetary policy remains the focus of market attention this week. The Federal Reserve will hold a monetary policy meeting starting on Tuesday and release its latest interest rate decision on Wednesday. On Friday, the U.S. Department of Labor will release the April non-farm payrolls report.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

A shares

Today, the big A entered the shock consolidation mode, the double index adjusted greatly, the market trading was relatively light in the afternoon, the northbound funds accelerated the sale at the end of the day, and the three major indexes finally closed down across the board.

At the close, the Shanghai Composite Index closed at 3,108.43 points, down 0.15 percent, the Shenzhen Component Index closed at 9,611.17 points, down 0.65 percent, and the ChiNext Index closed at 1,866.00 points, down 1.14 percent.

The ratio of individual stocks in the two cities was 0.59:1, and more than sixty percent of the stocks fell, and the market turned into a loss effect today.

The total turnover of the two cities was 1,030.6 billion yuan, a significant decrease of 180.5 billion yuan from the previous trading day, but it still remained above the trillion scale.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

Hong Kong stocks

Hong Kong stocks are also volatile today, the Hang Seng Index is still stubbornly rising, has recorded seven consecutive gains, the Hang Seng Technology Index fell slightly, home appliances, energy, auto stocks strengthened, giving up most adjustments to close down.

At the close, the Hang Seng Index rose 0.09% and the Hang Seng Tech Index fell 0.34%.

Southbound funds are still buying, buying, buying, and buying, with a cumulative net inflow of 3.249 billion yuan throughout the day.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

Northbound funding

Northbound funds turned into a net outflow today, with a cumulative net sale of 8.617 billion yuan throughout the day.

Among them, the Shanghai Stock Connect net sold 3.950 billion yuan, and the Shenzhen Stock Connect net sold 4.666 billion yuan.

Northbound funds increased their positions by more than 6 billion yuan in April, net buying for three consecutive months.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

Sector performance

The household appliances sector continued to rise sharply, and was favored by the market due to its high dividends and strong performance; some cyclical stocks such as coal, electricity, petroleum, and shipping rebounded slightly; and the textile, pharmaceutical, and other sectors rose slightly.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

The tourism sector led the decline, the real estate sector saw a relatively large adjustment, and the differentiation within the sector was significant; construction, photovoltaic, military industry, securities, steel, insurance and other sectors all showed a pullback.

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

Reviews

Today, the big A entered the technical pullback mode, which is completely expected, after a continuous rise, the K-line has been far away from the 5-day moving average, there is a need for adjustment.

In addition, it is about to be the May Day holiday, everyone's hearts are flying, who is still in the mood to play with Big A here.

It is a good thing to have a pullback, and only when it is stable can it go far, if the volume rises sharply every day, and the future increase is overdrawn excessively, it will not take a few days to finish.

So everyone can relax and enjoy the long holiday with peace of mind, I wish you a happy holiday and a good time in advance, and we will see you after the festival (Bixin).

2024.04.30Stock market closing comment: The heat of the home appliance sector continues, and A-shares fluctuate and consolidate and pull back

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