On November 29, the three major stock indexes in Shanghai and Shenzhen opened slightly low. after a period of shock, financial stocks such as brokerages and banks pulled up the protection market, driving the market to turn red for a time, but the recovery did not continue. near the close of trading in the morning, bears renewed their strength, and the indexes of the two markets continued to fall. In the afternoon, the three major stock indexes habitually declined and continued to decline. The Shanghai and Shenzhen Chuang Chuang Index fell more than 1% in intraday trading, the pioneering index once fell more than 1.5%, the concept of liquor led the decline, pharmaceutical stocks weakened sharply, high-priced stocks fell collectively, and the Prev hit a new low. In late trading, stimulated by the news, new energy, fuel cell concept stocks pulled up, the two city index also completed the bottom action, into a small rebound state, the final decline narrowed.
On the whole, the A-share market continues to show an adjustment today, with individual stocks rising less and falling more, with more than 1500 shares falling in the two markets. The market is obviously weak, the mood is repeated, and the moneymaking effect of individual stocks is poor. Prev fluctuates between the 2860m / 3050 range.
By the end of the day, the Prev closed down 0.61%, with a turnover of 140.371 billion yuan at 2871.98 points, down 0.46% this week, the third consecutive week of decline; the Shenzhen Composite Index fell 0.42% to 9582.16 points, with a turnover of 201.185 billion yuan; the gem fell 0.53% to 1664.9 points, with a turnover of 69.92 billion yuan; in addition, the Shanghai Stock Exchange 50 closed down 1.22%.
On the plate, the brewing plate fell the most, while medicine, insurance, pork, food and beverage, building materials and other sectors also fell sharply. Semiconductor sector led the rise, home appliances, aviation, diversified finance, the Internet, automotive electronics, OLED, securities and other sectors rose.
Trading volume in Shanghai and Shenzhen today exceeded 340 billion, with more than 1500 shares falling, but northward capital still had a net inflow of more than 2 billion. Among them, Shanghai stocks had a net inflow of 221 million and Shenzhen stocks had a net inflow of 1.805 billion.
Consumer white horse stocks led the decline of financial heavyweights in the two cities and pulled up the protection market.
The big consumer sector led the decline in two cities, with the concept of liquor falling sharply. Guizhou Moutai (600519-CN) fell more than 5% and closed down 3.98%, while Shanxi Fen Liquor (600809-CN) and Gujinggong Liquor (000596-CN) were both down more than 4%. Pharmaceutical stocks weakened sharply, 300558-CN Pharmaceutical (BDA) and Tonghua Dongbao (600867-CN) fell by the daily limit, 300639-CN and 002901-CN fell more than 6%, and Hengrui Pharmaceutical (600276-CN), Shanghai Fosun Pharmaceutical (600196-CN) and Changchun High-tech (000661-CN) fell sharply. However, financial heavyweights pulled up the protection plate in intraday trading, with brokerage stocks 601099-CN up nearly 4%, Hua Chuang Yang'an (600155-CN), first Entrepreneurship (002797), etc., while the banking sector changed, followed by 002958-CN, 600928-CN, 002839-CN and so on. In addition, the performance of the semiconductor sector is also active, Taiwan shares (300046-CN) rose by the daily limit, and Jingfang Technology (603005-CN) hit the limit in intraday trading.
In the afternoon, the agricultural planting plate moved up, with the new agricultural development (600359) rising more than 7% in intraday trading, while the decline of agricultural development seed industry (600313-CN), Wanxiang Denong (600371-CN) and Dunhuang seed industry (600354-CN) narrowed. 5G concept stocks changed to pull up, Zhongbei Communications (603220-CN) quickly pulled up 7%, while Oriental Communications (600776-CN, Nanjing Panda (600775-CN), Dongxin Peace (002017-CN), etc.) rose. In late trading, fuel cell concept stocks rose, whole diesel power (600218-CN) rose more than 5% at one point, and Asian star bus (600213-CN)\ Meijin energy (000723-CN) and snowman shares (002639-CN) quickly rose.
Peripheral American stocks closed for Thanksgiving and white horse stocks dragged down A shares.
Us stocks closed for Thanksgiving last night, European stocks closed down slightly, gold fluctuated in a narrow range, international oil prices fell slightly, and the impact of external markets on A-shares was generally insipid. On the domestic side, the biggest focus of the market today is the sharp fall in Guizhou Moutai, with the share price recording the biggest one-day drop since May 6, 2019. Due to the leading position and influence of the white horse, the sharp fall in Maotai has also dragged down the white horse stock as a whole, which is also an important reason for the sharp fall in the market today.
In addition, the data showed that the turnover of A-share Shanghai and Shenzhen stock markets yesterday was 317.812 billion yuan, which was 1.582 billion yuan less than the lowest of 319.394 billion yuan in the year of the Pig on February 11, setting a new low. However, Morgan Stanley, a well-known international investment bank, recently released a strategic outlook for China's stock market in 2020. Big Motors raised the target price of the overall China index, raising the Hang Seng Index, the Hang Seng China Enterprises Index, the MSCI China Index and the CSI 300 Index by 3, 9, 9 and 7 per cent to 27500, 11500, 85 and 4180 points respectively. The big motorcycle trend has a certain weather vane significance for international capital. in the scenario of more and more open A shares, domestic investors must strengthen their international vision.
Low and stagflation or bargain-hunting layout
The Shanghai and Shenzhen three major indices continued to weaken after opening slightly lower today, with high-priced stocks falling collectively and high-level white horse stocks falling, or dragged down by this, the index showed weakness. From the point of view of the daily K moving average, the Shanghai Composite Index comes near the annual line, which is suppressed by multiple averages, and multiple averages have a downward trend. Now the Prev is not enough to attack kinetic energy near 2880 points, and the overall energy is reduced. At present, the A-share market has risen a lot this year, and some investors have the demand to cash in stages, and liquidity will not be too loose in the fourth quarter due to factors such as inflation, so there may be a structural decline in the market. It is expected that the index will be mainly adjusted in the later period.
Today is Friday, which is also the last transaction in November. Approaching December, under the situation that there is always a shortage of funds at the end of the year, the market is currently dominated by on-site funds. on the other hand, the exchange of funds leads to the rotation effect of cyclical stocks such as main board finance, consumer medicine, coal, steel, non-ferrous chemical industry, second-line prefix blue chip and small board technology, entertainment games, new energy lithium batteries and so on. However, it is worth noting that the white horse stock led by Maotai has continued to rise this year, which is the core bullish force of this year's structural market, and it is not clear whether the sharp fall of this group today means a gradual change of style in the future, so it needs to be paid attention to. Looking forward to the future, near the end of the year, the mentality of many institutional investors is mainly stable, the current relative next year is still the bottom allocation period, it is suggested that the position should be cautious, be patient and wait for the formation of the market direction. In operation, it is mainly low suction, not high, short-term may consider the layout of some plates that have the ability to resist market fluctuations, such as stagflation since the beginning of this year, such as iron and steel, coal, construction, etc., or the relevant varieties can be selected and intervened in stages.