Shanghai Composite Index continued its downward trend today and closed down 1.41%. On the K-line, it closed at 0366.80 points to force the low point in recent years. The FBMACE was weaker, closing down 2.99% and closing at 1783.74 points. The total transaction volume of the two cities was 466.3 billion yuan, and the industry sector was generally down.
For the market outlook, Wei Fengchun, chief macroeconomic strategist of Boshi Fund, pointed out that trade frictions between China and the United States may be the dominant event affecting domestic and foreign financial markets in the second quarter. They will continue to suppress market sentiment, but provide short-term market sentiment. opportunity. Domestic inflation expectations are expected to decline. The economic data in the second quarter is likely to be positive. It is recommended that investors have a long-term outlook and wait for the change.
"As for the A-shares, the incidental investment in trade friction must be guarded against the risk of reversal." Wei Fengchun said that the second quarter economic growth is expected to have the possibility of upward adjustment, and the reform and opening measures will trigger market waves. Attack hotspots. Based on the growth of finance, consumption, and science and technology, proper consideration will be given to trading opportunities in the cycle.
Source of advice Gu pointed out that the moment, the stock index has approached the bottom of the low shock box, technical reversal may occur at any time, the Shanghai Stock Exchange 50 as the motherboard's wind direction has broken the year, or continue to inhibit the performance of the motherboard, the weak pattern is expected to continue. If the SSE 50 can repair the line in the short term, it is expected to lead the stock index rebound. In view of the current market cautiousness again heating up, the market to control the degree of difficulty is increased, the operation also needs to focus on excavation of merit growth stocks, good position management.
Hao Xudong, fund manager of Nord Fund, said that he remains cautious about the overall market this year. He believes that this year's market volatility will increase, and the adjustment rate will be more difficult to grasp. It is particularly important to look for stocks that have both fundamental support and a relatively good margin of safety. He is optimistic about the reshaping of medicines and overdone valuations of Baima blue chips.
Hao Xudong believes that now is not a good time for the large-scale Jiachang Stock Exchange. He said that from the point of view of the valuation of small and medium-sized companies, the relative price-earnings ratio of some companies is still relatively high, and according to the annual report data, the performance growth rate of some GEM companies has shown a clear downward trend. In addition, small and medium-sized market capital companies have low liquidity weaknesses, and funds are often passively added through index funds like the GEM ETF, which lacks real trading volume support.
According to a research report released by Haiyu Securities and Saitama, it is expected that the net profit of all A-shares will increase by 13.5% year-on-year in 2018. The year-round inflation will be moderate, and the monetary environment will be stable. The index will have a higher probability of rise this year. The growth rate of GEM earnings will improve in 2018, but the rate is much lower than that in 2013. It is unlikely that there will be a one-sided 2013 situation. The core factor in determining style is fundamentals. The April performance announcement will make the style more balanced and achieve results. As a king, there are opportunities for companies with value and growing performance support.
Rongwei Securities said that from a technical analysis point of view, the stock index upward pressure, the stock index or will be up and down around 3100 points, the market will repeatedly find the bottom and bottoming, before the influx of external funds and volume continued to enlarge, the stock market It is difficult to have a comprehensive rise in prices.
In terms of operational strategy, Rongwei Securities suggests that in the short term, the external environment of the stock market will become tense, the internal capital market will be in short supply, and the weighted stocks will not perform well. It is difficult for the two carriages to be exported and invested to continue to grow rapidly in the future. The future will focus on the development of the service industry. Positive policies will appear frequently, focusing on high-growth stocks with large-scale consumer performance, as well as topics such as new economic software, cloud computing, digital China, and cyber security.