The Shanghai Composite Index opened higher today and closed at 1.35%, regaining the 2,600-point mark and closing at 2,602.78. The total turnover of the two cities was 314.9 billion yuan. The industry sector showed a general trend, and the non-ferrous metal sector led the gains. Only the financial sector was adjusted.
Although the stock index has rebounded recently, from the monthly line, the Shanghai Composite Index, Shenzhen Component Index and the ChiNext Index have all fallen sharply this month, with losses of 7.75%, 10.93% and 9.62% respectively. The Shenzhen Component Index and the GEM Index are more It is a rare monthly line with seven yin.
Analysts said that the policy warming level far exceeded expectations, and the short-term market continued to rebound.
Yesterday, the CSRC issued a statement in the middle of the session, the core is to reduce administrative intervention in the market, active market transactions, and the market's rise and fall according to its own rules. The policy warming degree far exceeds expectations, intended to stabilize market sentiment, market funds have felt the policy intention, the offensive and defensive accelerated conversion, the quantity can be released, the short-term market continues to rebound, the "W" bottom structure, it can be determined that the present The market position is the bottom of the mid- to long-term market. Operationally, light index, heavy stocks, dips on brokers, restructuring, chemical and stock pledges were wrongly killed, evading the break of the running stocks.
The A-share market fluctuated and investor trading was active. The later A-share market may continue to show a volatile situation. In the near future, we should continue to pay attention to the efforts of relevant policies to maintain the market. In the media sector, the sales revenue of China Mobile Games in Q3 in 2018 reached 35.61 billion yuan, a year-on-year growth rate of 16.6%, and a growth rate of 9.7%. Both indicators have rebounded to some extent, and the Chinese mobile game industry has rebounded. .
At the end of the policy, there has been a consensus. Some optimistic insurance investors believe that the current mood and style are too pessimistic. The market has already had a real bottom. You can choose to add a position to the stocks that have been wrongly killed after the third quarter. However, most investors are still more cautious. They believe that the economic fundamentals will face greater pressure next year, and they will face multiple uncertainties in the policy.
Following the intensive call and policy push by the management during the period from October 19 to 21, the SFC once again declared the policy adjustments in a statement manner to further stabilize market expectations. This statement is based on three key points: First, it encourages listed companies to increase their stock prices by converting asset quality. It also encourages listed companies to buy their own stocks. “Create conditions to encourage listed companies to carry out repurchase and mergers and acquisitions.” The second is to reduce unnecessary supervision of market transactions, “reduce unnecessary intervention in the trading process, and make the market have clear expectations for supervision”; the third is to further introduce incremental funds, “to guide more incremental funds into the market. ". This policy adjustment is a correction to the policy of poor implementation in the early stage. This correction will help the market further consolidate the bottom and build confidence. The market is expected to continue its gradual rebound.
In mid-October, a number of rescue measures were launched on the policy side, prompting the market to rebound. At present, the market differentiation is more serious, and the incremental funds are not obvious. It is expected that the market will construct a shock box. In operation, short-term recommendations focus on tracking excess liquidity stocks, avoiding high pledges and high stock ratios.
Qianhai Open Source:
Compared with US stocks, A-shares are at the bottom of the bottom, while US stocks are at a high level. Therefore, for some funds, it may be more willing to profit from the US stocks, and the market with lower valuations like A-shares means a certain opportunity for A-shares. The short-term decline in US stocks may have a certain impact on A-shares, but in the medium and long term, the decline in US stocks may bring certain allocation opportunities to A-shares.