Although the Shanghai Composite Earnings Index will debut next Monday, this week's Shanghai Composite Index is still the index that attracts the most attention from the market. This week, the Shanghai Composite Index 2900 points is also lost and regained, gained and lost, but there are still a lot of highlights in the market, in the market index all the way down, eighty percent of the stock decline every day, there are still some bright spots, and it is precisely because of these bright spots that the market can still maintain vitality.
One of the highlights of the week was the impressive movement of large-cap bank stocks. The market joked: ICBC, which was trapped at 6,000 points in the Shanghai Composite Index, was unbundled at 2,900 points in the Shanghai Composite Index! At the time of the author's code, the stock price of ICBC was a little more than 6 yuan, and the highest price in history was 9 yuan, but ICBC distributed cash dividends every year, and the ex-dividend for more than 10 years was compared with the price after the resumption, which can be said to be similar to this situation. The Industrial and Commercial Bank of China (ICBC) is a typical example, and the trend of large banks such as Bank of China, China Construction Bank, and Agricultural Bank of China, which is in the same echelon as ICBC, is also similar.
The idea that it is better to buy bank stocks than to save in a bank was put forward many years ago, and until now, this concept has not become obsolete. Coincidentally, this week, the first echelon of bank stocks, industry, agriculture, China, construction, and communications, all of them coincidentally lowered the interest rate on one-year deposits to 1.35%, and the return on investment of depository banks was even lower, which confirmed this view. The benchmark for any investment is the bank interest rate. In a year of stock market operation, can not beat the one-year bank interest rate, that is a failed investment, and in the past year, the stock market of various industries and sectors, it seems that only large-cap bank stocks go the best, even if the stock market all the way down, and bank stocks are still in a state of low price-earnings ratio and low price-to-book ratio, at the same time bank stocks are the main variety of the market, which is also a major attraction of the recent stock market.
Since the first Shanghai Composite Index fell to 3000 points, the main force of the market has been constantly protecting the disk, the main force is also interested in considerations, it is impossible to do loss-making business, and the main object of the disk protection is actually its own varieties, the current market main force is actually the actual controller of these first-line bank stocks and large central enterprises, and the protection disk is its own varieties, do its own varieties, and these varieties are fully equipped with low prices, low price-earnings ratios, and low price-to-book ratio valuation conditions. At the same time, these individual stocks and sectors are all large-cap heavyweights. It can be said that China's stock market is fortunate to have such a pressure stock, and it is not too ugly in the market downturn, and if there is no force in this sector, you can imagine how much the Shanghai Composite Index will fall.
From another point of view, the bank stock sector is a heavyweight stock in the Shanghai Composite Index, and logically speaking, it is possible to hold the Shanghai Composite Index by controlling these weighted stocks, and now it has worked hard to this extent, and the bank stocks are about to hit a record high, so that 5000 points and 6000 points are liberated, but the index is 3000 points and 2900 points are lost, which can reflect how deep the stocks of various sectors of other non-weighted stocks have fallen, the reason is very simple, the Shanghai Composite Index is a composite index, The movements of all stocks listed on the Shanghai Stock Exchange are counted in this index.
Next Monday, the Shanghai Stock Exchange Income Index will make a shining debut, which will guide financial consumers in the stock market to judge the market according to the earnings of listed companies, and it will be interesting to see how the effect is, this index gives people in the market one more angle to analyze and judge the market, since the index will always rise and fall, I hope that the index will start from more than 3300 points all the way up, bringing opportunities for market participants to make profits, if you start from more than 3300 points and then go all the way down to 3000 points, this tone is more ugly, If the market has undergone today's adjustment, the large-cap heavyweights will slowly put down their figures, and a large number of small tickets of non-heavyweight stocks will come to a big market, the index will not rise, and individual stocks will rise indiscriminately, which is also a possibility.
Author: Ying Jianzhong
Editor: Xu Jinhua
Producer: Wang Junji
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