Analysis of the closing of the market on October 27, 2021, including three parts: the technical trend of the broader market, the interpretation of market facts and the futures market.
<h1 class="pgc-h-arrow-right" data-track="19" >, A share technical analysis</h1>
Different from expectations, today's three major indexes collectively closed down, and the turnover of more than one trillion yuan closed down, so it is necessary to carefully analyze today's market.
It has always been believed that the market has no downward space, so why is there today's big fall?
First of all, the central bank carried out 200 billion yuan of reverse repurchase today, which is the central bank's three consecutive days of 200 billion yuan of reverse repurchase, so the monetary environment is very loose and the money is sufficient. Today also released a relatively good data: the profit of industrial enterprises above designated size increased by 16.3% year-on-year in September, far higher than market expectations, and listed companies are included in enterprises above designated size.
The impact of bearishness is manifested in the following aspects:
First of all, affected by the policy, after the opening of commodity futures today, the two varieties fell to a halt, resulting in a deterioration in market sentiment; secondly, Hong Kong stocks and FTSE A50 fell significantly after the opening; third, northbound funds ended 6 consecutive days of net buying, net selling of more than 3 billion yuan throughout the day. In addition, recent IPOs have underperformed, with breakouts and plunges the next day. This makes the market risk sentiment high, some participants choose to sell, a large number of other participants follow, and finally the mood plummeted.
But it is still believed that there is no room for the market to go down, both fundamentals and currencies. Therefore, we need to pay close attention to the development of the market in the future.
<h1 class="pgc-h-arrow-right" data-track="12" > second, market fact interpretation</h1>
(1) The performance of the power sector is eye-catching;
(2) Poor performance in the insurance, brokerage, pharmaceutical and consumer sectors;
(3) The new energy sector follows market changes and pays attention to the development of the day after tomorrow.
<h1 class="pgc-h-arrow-right" data-track="18" > third, futures market</h1>
In the commodity market, two varieties affected by the policy have fallen and stopped, and the dynamics of tonight and tomorrow have been observed.