Shanghai Composite Index fell slightly in early trading and gained support at the 20-day moving average. In terms of sectors, the defensive category performed well, pharmaceuticals and brewing were among the top gainers, and the non-ferrous and banking sectors also performed. Securities, military, and communications sectors were the top losers. As of press release, the Shanghai Composite Index fell 0.51%, and the GEM fell 0.14%. (Click to view>>>Wine plate market Winemaking capital flow)
Today's brokerage meeting at the morning, analysts said that the recent recommendations to see more and less move, diversification of Baima stocks support the Jiancang performance.
On Wednesday, the major indices maintained a weak volatility. Under the strong performance of the financial sector, the stock index oscillated in red, and due to a small dip, the GEM finally closed negative. The recent recommendation to see more and less move, Baima shares support dips in performance. Concerned about the opportunities brought about by the market valuation switch in the fourth quarter, especially for some growth stocks that have maintained a good internal growth rate this year, and are optimistic about electronic and new energy vehicles.
The A-share market's feedback on major policy expressions is generally reflected in two aspects. First, the market's overall feelings about future development are expressed as the overall sentiment and expectations of the market; the second is the long-term clues or short-term hot spots that can be specifically invested in the structure. In general, we believe that this conference report provides more positive incremental information on the formulation of future development, and the market is expected to give positive feedback in the process of gradual absorption. For specific clues, this conference report is also given. More detailed information than similar top-level policies are expressed, which will guide the market to build new long-term concerns and bring incremental information to the positioning of various industry sectors. Areas such as Made in China 2025, Beautiful China, Food Safety, Real Estate Leasing, State-owned Enterprise Reform and other fields are expected to establish the key position for sustainable development in the next five years. The relevant sector has many attributes that have become market hotspots, and is also explicitly mentioned in this report. Land circulation, free trade ports, and Xiong'an New District are also expected to once again trigger short-term market concerns.
The broad market index has not fallen sharply because of the support factor. According to the current structure, the future trend of the new high during the conference has not changed. The stocks fell because the funds did not have a clear operating basis to buy these falling stocks. The market is a central turbulence on the 30-minute level chart, which corresponds to the process of pulling back the 0-axis of the yellow and white lines, and will maintain the original trend under the support of the support funds. At the same time, the market will also usher in a blank period after the meeting, and the market will indeed face the direction of choice. The GEM is also analyzed before the trend here. The worst expectation is a one-day pullback, and the sharp drop in the afternoon should be heading in this direction. Corresponding to this, the yellow and white lines are drawing back about the 0-axis, after which there is still a new high expectation.
On Wednesday, the market re-emerged with the differentiation trend of blue-chips and themes. The pull-up of individual heavyweights not only did not trigger follow-up power, but stimulated the selling of subject stocks. On the whole, with the weakening of supporting factors, investor risk appetite continues to decline. In the past two trading days, the market has obviously contracted, and the amount can be reduced by more than 30% compared with the beginning of September, indicating the fact that the market continues to exist in the game. In the inventory game market, the trend of the index is often consistent with the changes in the position of investors, and the corresponding increase in the increase, and lighten the corresponding downside. At this stage, including public offerings, private equity, leveraged funds, and retail group positions are all at high levels during the year. In the absence of incremental funding, it is difficult to continue to rely on the increase in on-floor capital positions to promote market upwards. high. In the short term, the strength of maintaining the market maintains the stability of the Shanghai Composite Index. However, concerns about the strength of the protection of the protection of the market will suppress the performance of individual stocks. The overall risk is greater than the opportunity. It is a better choice for investors to see more and less activity.