Lin Ke, a reporter from our newspaper
The market continues to fluctuate.ScratchgettingoveritThe volatility began to narrow.
The Shanghai Composite Index opened slightly lower on Wednesday and continued to fluctuate in a narrow range, falling back to the 5-day moving average to gain support, and finally reluctantly closed red. The Shenzhen Composite Index also bottomed out and rebounded, and the intraday rebound was relatively weak, closing above the 10-day moving average.
As of the close, the Shanghai Composite Index closed at 3158.54 points, up 0.02%.ScratchgettingoveritThe Shenzhen Composite Index closed at 9693.05 points, up 0.12%; the gem index closed at 1877.93 points, up 0.88%. The trading volume of the two cities was slightly enlarged.
On the market, electrical equipment, real estate, construction, components and other sectors led the increase. Tourism, shipping, household goods, transport equipment and other sectors are at the top of the decline list. In terms of individual stocks, the market rebounded slightly, individual stocks rose more and fell less, a total of 39 shares in the two cities closed the limit, the number of shares increased compared with the day before yesterday, while 4 shares fell by the limit.
From the market operation trend, since the rebound in February, the bottom of the market has gradually risen, although recently began to appear horizontal volatility pattern, but a number of institutions believe that the market is expected to continue to maintain a volatile upward trend.
Everbright Securities (rights protection) pointed out that with the continuous improvement of policy benefits, economic data is expected to continue to improve, thus providing medium-and long-term support for the slow bull market of A shares. However, the current incremental funds are limited, on-site funds are not enough to support the rapid rise of the market, the index is expected to continue the upward trend of volatility.
Huaan Securities said that the market is expected to maintain a volatile upward trend. On the one hand, although the economic and financial data in April are weak, the overall recovery is still on the path, and the marginal impact on the market is limited because of the expected high-frequency data. On the other hand, the overall positive policy setting for important meetings and the recent looser-than-expected real estate policy are expected to further boost market confidence in the speed and strength of follow-up policies.
In the short term, investors also need to be aware of possible volatility in the market.
Jufeng Finance said that the valuation repair is coming to an end, with the lack of new momentum, the market moneymaking effect has weakened, while the acceleration of plate rotation and style shift expectations, the overall upside of the market may be suppressed. On the one hand, as the index continues to rise and goes out of the undervalued area as a whole, the valuation repair market of the current market has gradually come to an end. Under the background that fundamental repair still needs a process, the new boost power is missing. On the other hand, with the index range shock, in the case of weak incremental funds, the market sector ushered in differentiation, although the financial real estate has been pulled up, but before a number of hot sectors have signs of stalling. In addition, with the landing of macro policies and real estate policies, the market will enter a new round of wait-and-see and waiting cycle. On the whole, in the context of the continued decline in market turnover, it also indicates the weakening of trading enthusiasm, investors still need to pay attention to the possibility of increased index volatility.
From a technical point of view, Yuanda investment analysis pointed out that the short-term market is in a disorderly shock, the good phenomenon is still running above the 5th line, and the shape has the potential to stop falling, there is not much room for a sharp fall in the short term. However, the pressure above should not be underestimated. 3170 to 3250 are in the transaction-intensive areas built in the first half of last year. Most importantly, incremental funds are not available for a long time, and the market is likely to continue to fluctuate in the short term.
SourceScratchgettingoverit: financial Investment News httpScratchgettingoverit: / / jrtzb.com.cn/
