Tomorrow A-shares will open, and some important signals show that A** may usher in a perfect closing battle on the road back to 3000 points. The first is the emergence of a bottom divergence. On October 23, 2023, the Shanghai Composite Index hit a new low of 2,923 points, while the margin balance was 1,620 billion. On December 21, the Shanghai Composite Index hit a new low again, reaching 2,902 points, however, the margin balance rose to more than 1,660 billion, and the margin balance increased by more than 40 billion in two months. This shows that ** funds are gradually flowing into the market, although this amount is insignificant compared to the total market value of A-shares, but the ** of major institutional funds has not yet reached the expected target, which also means that there is huge potential in the market.
Looking further at the data, from September 2023, the amount of financing has gradually risen, while the balance of securities lending has gradually decreased, indicating that now institutions and main funds are gradually optimistic about the A** market, although the bearish power still exists, but it has begun to decline. However, the reason why there is no ** field at present is that the chips of the institutions are insufficient, and many institutions are still selling. Another reason is the lack of investor confidence, which is not afraid to push the index easily**, and is more involved in the hype of themes and concepts. However, positive factors are accumulating, and the market will have a process of quantitative to qualitative change, and investors should not worry too much.
SVOLT withdrew its IPO application, originally planning to raise up to 15 billion yuan, which is the largest IPO project withdrawn by the Science and Technology Innovation Board so far. SVOLT was born out of Great Wall Motors, and its business relationship with it has reached more than 80%. SVOLT was unable to respond in a timely manner due to inquiries from the exchange, and decided to withdraw the IPO application in order to maximize the interests of investors. This move sends a positive signal to the A** field, indicating that it is not advisable to use the registration system to break through, and the regulator is also strengthening the review, and if there is a problem, it will continue to hold accountable. The withdrawal of the IPO application is a wise move for SVOLT and also boosts the confidence of the A** market.
The Press and Publication Administration released a draft for comments on the game industry on Friday, aiming to promote the healthy development of the game industry. The news had a negative impact on the gaming sector, causing the stock price to plummet, with Tencent Holdings falling more than 13% at one point and losing one Xiaomi in market value. This move also drove the gaming industry as a whole, and also gave rise to a downturn in the technology sector. However, the Press and Publication Administration did not completely ban the development of the gaming industry, but proposed a series of regulations and restrictions with the aim of protecting the physical and mental health of minors and promoting the healthy development of the gaming industry. This can be seen as a regulation and rectification of the game industry, and it is an opportunity for large companies in the industry to further consolidate their position in the market by strengthening self-discipline and improving internal management, improving product quality and user experience. At the same time, the new rules also provide an opportunity for investors to re-evaluate game companies and choose their investment targets more rationally. Therefore, although the gaming sector has been negatively affected, this is good news for the entire A** field.
In summary, the above factors have a positive impact on the a** field. The emergence of the bottom divergence shows the gradual inflow of funds and the huge market potentialThe withdrawal of the largest IPO on the STAR Market provides a positive signal for investors that regulation is being strengthened;Although the new regulations on the game industry by press and publication have had an impact on the game sector, they also provide an opportunity for the industry to rectify, which is good for investors. Therefore, investors can remain optimistic, actively participate in the market, and make sound investment decisions based on the above factors.