Although the Shanghai Composite Index rose by only 138%, but from the analysis of the recent trend, it is rare to see more than 1% in a single day. At the same time, the market shows a strong and weak Shanghai operation pattern, and the Shenzhen Stock Exchange Component Index is 271%, GEM refers to ** 385%。
This time, Zhongyang appeared, which encouraged the investment sentiment of the market. From the analysis of the single-day trading volume of the Shanghai and Shenzhen stock exchanges, the total turnover of the two markets exceeded 880 billion, showing obvious signs of volume compared with the previous trading day. Even if there is Zhongyang ** in the market, the trading volume of the two cities has not exceeded one trillion, indicating that the current market is still driven by stock funds, and the willingness of over-the-counter funds to follow the trend is still not large.
Judging from the number of ups and downs, ** occupies the majority, and the market begins to have a money-making effect. Among them, photovoltaic, lithium battery and other track industries have been greatly improved, and the rapid recovery of the market has been driven. However, while the market has a money-making effect, there are still a number of falling limits in the Shanghai market, which shows that the divergent attitude of market funds is still obvious.
A-shares ushered in a long-awaited surge**, which may be related to several factors.
The first factor, the recent market adjustment is relatively large, from the technical level analysis, the market itself has the need for technology. To put it simply, the market has fallen a lot, and there is naturally a requirement for the best.
The second factor is that the average valuation of the Shanghai market is low, and it is even at a historically low valuation. Compared with the average valuation of overseas mature markets, the valuation advantage of A** is obvious, and once the market-making effect begins to recover, the investment attractiveness of A** will also increase.
The third factor is that the A-share policy environment continues to improve, and in the context of the establishment of the policy bottom and the valuation bottom, the net inflow of foreign capital has begun to change, and the transformation of foreign capital from continuous net outflow to net inflow has also alleviated the pressure of capital outflow in the A** market.
The fourth factor, A-share core assets and track stocks generally have signs of over-falling, and there is the problem of undervaluation, when the market environment begins to pick up, the first time to ** this kind of assets, and promote the rapid trend of this type of assets.
After this Zhongyang **, does it mean that the A** field has successfully bottomed out?In the end, it will take time to verify. However, since the A** field has established the policy bottom and valuation bottom, the so-called market bottom is not far away, and even the exploration of the market bottom has been completed by exchanging time for space.
The biggest impact of this mid-yang line on the market is that it has greatly boosted market investment confidence and alleviated the pessimistic attitude of market funds. However, it is not enough to rely on only one mid-yang line, and the market also needs to have one or two mid-yang relays to establish the first stage bottom.
Although the A** field has fallen below the 3000 integer mark many times, but from the analysis of the market trend in recent years, if the ** falls below 3000 points, the market will also come back in the near future, 3000 points has become the key position of the fierce competition between the long and short sides, and the 3000 points below have also become the "** pit" position of the A** field.
Different from a few years ago and more than ten years ago, with the continuous improvement of the profitability of listed companies, the value center of the A** field is also rising. Ten years ago, 3,000 points in the A** field was a high valuation level, and five years ago, the 3,000 points in the A** field was a reasonable valuation level. However, as of now, the 3,000 points of the A** field is considered to be an undervalued level.
When the valuation is on the low side, the market has limited room for further adjustment, and the judgment that 3000 points below is a "pit" is also reasonable.
Kunpeng Project