TMT re-active, CRO last squat, from disappointment to despair?
Yesterday's *** adjustment, the three major indexes all closed down. The Shanghai Composite Index fell 029%, the Shenzhen Component Index fell 062%, the GEM index fell 09%。The turnover of the whole market was 851.2 billion, and the volume was 17.1 billion. Northbound funds sold a net of 1.4 billion yuan.
* The sector collectively strengthened, the short drama concept stocks continued to be active, the ** concept stocks continued to be strong, the Northeast local stocks moved in the afternoon, the pork stocks were active, and the data element concept stocks moved intraday. Sectors such as CRO, genetically modified, composite current collector, and liquor concept were among the top decliners.
On the one hand, the direction of technology TMT has re-begun to be active, and the active AI software direction in the first half of the year has been favored by funds, on the other hand, strong macro assets continue to fall, pro-cyclical, and consumption varieties continue to adjust, even if a team protects the disk, more is only the effect of deceleration.
Due to the low performance expectation guidance of WuXi Biologics, the CRO sector was wiped out, which also led to the overall adjustment of the pharmaceutical sector.
Northbound outflows, institutional outflows, and sluggish sentiment led to H-shares hitting new lows for the year despite the continued exchange rate, completely ignoring the new highs of M-shares.
Market sentiment has begun to enter the stage of despair after disappointment, ** is always born in despair, the exchange rate has begun to appreciate, and pride and prejudice will eventually return to rationality. It's a pity that most people always fall before dawn.
Le Yu Shenghua: Investment should be rational, not emotional and inertial.
Tuesday, December 5, 2023, fine.
This article only represents Da Le's personal views at that time. It is provided for **for purposes only** and does not constitute any investment advice. **There are risks and investment should be cautious.