"Institutional clustered stocks" fell sharply, and so did the "supercycle".

In early trading on the 24th, the A-share index fell unilaterally, the Shanghai Composite Index fell 1.55% at midday, and the gem index fell 2.57%.

From the perspective of the plate, high-level stocks such as spirits fell sharply again, Shanxi Fenjiu and Luzhou laojiao fell by more than 9%, chemical, non-ferrous and other super-periodic stocks split, and Taurus Chemical fell to the limit, dampening market sentiment.

"battery grass", "eye grass" and "medicine grass" fell across the board, and the Mao index also fell by more than 3%.

The focus of capital flows into low-level chips, software, games and other directions, as well as hotels, aviation and other sectors with repair expectations.

The purchase of the first brother of public offering is restricted."Men's Maotai" fell nearly 5%.

Last night, Yi Fangda, a small and medium-sized fund managed by Zhang Kun, the "first brother of public offering", suspended the purchase and announced a dividend of 9 yuan for every 10 shares.

The news raised concerns among investors about huge redemptions from the fund, which led to a sell-off of liquor stocks.

In early trading on the 24th, spirits stocks, which had already stabilized yesterday, continued a deep pullback. As of press time, the CSI liquor index fell by more than 6%, and the whole plate evaporated 360 billion in half a day.

In early trading on the 24th, Zhang Kun's largest heavy stock, Guizhou Moutai, fell nearly 5% in intraday trading, losing the 2200 yuan mark. By the midday close, Guizhou Moutai fell 4.62% to 2200.5 yuan, with a total market capitalization of 2.76 trillion yuan, 540 billion yuan less than the peak of 3.3 trillion before the Spring Festival. The market capitalization decreased by more than 130 billion yuan compared with the previous trading day.

Luzhou laojiao, the third largest stock, fell by the limit, while Wuliangye, the fourth largest stock, fell by 6.72%. In addition, Tongshi Healthcare fell more than 7%, and Meinian Health fell nearly 9%.

"supercycle" flameout

After the Spring Festival, the non-ferrous and rare earth plates were divided in late trading yesterday, such as Tianshan aluminum fried board, Zhangyuan tungsten industry approaching the limit, Ganfeng Lithium, Shengtun Mining, Jintian Copper, Zijin Mining Group and so on.

Today, the rare earth plate led the decline, Shenghe resources, which has doubled since the beginning of the year, once fell by the limit, while rare earths in the north, Minmetals, Xiamen tungsten industry and Guangsheng Nonferrous have declined one after another.

In terms of non-ferrous plates, Ganfeng Lithium, Jiangxi Copper, Huayou Cobalt and so on have fallen sharply.

Chemical plate, once 7-plate Taurus Chemical fell to the limit, 4-plate Xinxiang chemical fiber plate once fell to the limit, Lianhong Xinke, Zhongtai Chemical and other leading declines.

"Women's Maotai" falls below 1000 yuan

After a deep correction of high-priced stocks in early trading on the 24th, A shares have only Guizhou Moutai, a thousand yuan share.

In early trading on the 24th, Aimei, which was supported by "women's Maotai", fell more than 15% at one point, and the stock price returned below 1000 yuan. In four trading days, it fell by more than 20%.

According to the annual report, Aimek's operating income reached 709 million yuan in 2020, an increase of 27.18 percent over the same period last year, and its net profit was 440 million yuan, an increase of 43.93 percent over the same period last year. The profit distribution plan made by the company is to increase 8 shares for every 10 shares and distribute a cash dividend of 35 yuan. Based on the current total share capital of 120 million shares, the dividend will reach 421 million yuan, accounting for about 95.68 per cent of the annual net profit.

In this regard, the Shenzhen Stock Exchange issued a letter of concern, requiring Aimeke to combine the characteristics of its industry, the company's development stage, business model, sustainability of performance growth, future development strategy, long-term and short-term investment and financing and production and operation plans, R & D investment, working capital arrangements and cash flow status, etc., to add that the main considerations, basis and rationality of formulating this profit distribution plan match with the company's performance growth.

On the evening of the 22nd, the company replied to a letter of concern as scheduled, saying that at present there is sufficient cash and sustainable profitability, and that the dividend plan of 35 yuan with 10 transfers of 8 yuan attaches importance to the reasonable return on investment for investors, as well as fulfilling the relevant commitments to share profits between new and old shareholders before the IPO, which is reasonable.

Guotai Junan Huang Yanming:The size and style will not switch to normal.

Huang Yanming, director of Guotai Junan Research Institute, made his debut in the live broadcast of the year of the Ox at Guotai Junan Junhong APP on the afternoon of Feb. 23, after a continuous and deep correction of holding stocks caused market concern. In this live broadcast full of practical information, Huang Yanming responded to the concerns of the market, interpreted the general trend and future direction of the market's current concern, and shared his latest views on hot sectors such as science and technology, military industry, and new energy.

As for the future, Huang Yanming said clearly: "once you fly, you can't soar into the sky."It can set a new stage high, but it will not be an all-time high.」

With regard to the issue of hugging, which is of particular concern to the market, Huang Yanming's judgment is as follows:"huddling will become the norm, but the current old hugging stocks are gradually fading out of view, and the future needs to pay attention to new hugging stocks, focusing on the cycle. "

For the future investment rhythm, Huang Yanming suggests that investors grasp the investment rotation rhythm of consumption, cycle, and equipment after the epidemic. "consumption will continue. At present, consumption has reached the middle and later stage. The cycle is now at the right time, so we should actively lay out the cycle stocks. The focus of the next stage is on equipment, especially in the machinery industry. "

Huang Yanming also specifically mentioned military industry and science and technology stocks. He believes that for the military sector, not afraid of short-term disturbance, long-term optimistic about companies with full orders during the year. For the investment of science and technology stocks, we should abandon the technology stocks with high risk characteristics and choose new energy and electronics industries with low risk characteristics.