The Spring Festival market break time has been determined, which has attracted the attention and discussion of the majority of shareholders. Starting from February 9 (Chinese New Year's Eve), the three major exchanges in Shanghai, Shenzhen and North will be closed for up to 10 days until February 19 (the tenth day of the first lunar month).
On February 1, the Shanghai ** Exchange, the Shenzhen ** Exchange, and the Beijing ** Exchange successively issued notices on the 2024 Spring Festival closure arrangements. Under this arrangement, the market will be closed from Friday, February 9 to Saturday, February 17, while normal trading will resume on Monday, February 19. In addition, the market will be closed on Sunday, February 4 and Sunday, February 18.
The performance of today's a** field is complex and changeable. As of today, the Shanghai Composite Index is 064% at 277074 points; SZSE Component Index**034% at 824048 points; The GEM index **1% at 158904 o'clock. The total turnover of the Shanghai and Shenzhen stock markets reached 703 billion yuan, and the northbound funds were net by 27 today$2.6 billion. All industry sectors generally showed a leading trend, only CPO concept stocks performed strongly, only photovoltaic equipment, medical services and semiconductors had **, while engineering consulting services, diversified finance, professional services, education, engineering construction and real estate services sectors fell first.
In terms of **, more than 1,100 *** photovoltaic concept stocks rose rapidly at the opening, with King Kong PV rising by more than 10%, while Aiko shares, Oujing Technology, etc. CPO concept stocks are also in the **medium**, Tianfu Communications rose by more than 14%, Cambridge Technology, Mingpu Optomagnetic and Magnetic Limit, and computing power, multi-modal and other fields also followed, Industrial Fortune Union almost rose by the limit, and iFLYTEK rose by more than 6%. The semiconductor sector was active intraday, with memory chips leading the gains, with Puran shares, Longsys, and Cambrian-U rising more than 5%. However, the top stocks in China and local stocks in Shanghai continued to adjust, and many ** stocks such as Zhongcheng shares and Shanghai Yashi fell to the limit.
The extreme nature of the current market movements has left many investors confused and anxious. January's index correction far exceeded market expectations, and there really is no easy solution to this extreme volatility. However, we still caution investors to be cautious when participating in market operations. Until the index is fully stabilized, any entry into the market is accompanied by significant risks. Therefore, it is very important to wait and see, and we want to emphasize the importance of wait-and-see.
Bian Fengwei, a well-known analyst in Shanghai, said that there is no sign of a large number of transactions in the market. On the face of it, this round of ** may end up with a lot of volume and heavy trading activity.
Of course, today's segment of the GEM is a positive sign, but without the support of sufficient volume, it is difficult to be confident that the market will bottom out immediately. However, we believe that the time for the market to bottom is gradually approaching. In our subscription, we propose several possible time windows: the first is tomorrow, the second is in the middle of next week, and the other is the week after the Chinese New Year. But in any case, the market needs to be supported by sufficient volume to bottom.
For the Shanghai Composite Index, Bian Fengwei believes that around 2,700 points may be a reasonable bottom area. Now we need to pay close attention to the innovation and innovation board, because the innovation and innovation board is the main focus of this round of market adjustment. The continued strong performance of the snowball product led to a decrease of more than 20 billion in the balance of the two financial institutions yesterday, which is already quite large. Although the balance of the two financial institutions is still more than 1 trillion, if there is a net outflow of tens of billions per day, the market will be difficult to withstand such pressure. Therefore, if someone accepts the risk of the two financial institutions at the same time as the risk of the innovation and innovation board, the market may face a bigger problem.
For the ** of the Shuangchuang Index, Bian Fengwei put forward the following suggestions: first, investors should pay close attention to the daily announcement of the balance of the two financial institutions, which will be an important reference indicator; Secondly, before the release of the annual report, we should be alert to the possible problems of some entrepreneurship and innovation indexes. For example, yesterday there was a leading PV company that lost money in its annual report and also carried out asset impairment and provision, so we believe that if a large number of companies have asset impairment and provision in March, it may lead to a large-scale liquidation of the market. All in all, Bian Fengwei believes that after the Spring Festival this year, especially in March, the market may usher in a wave of relatively large **.
The above is the relevant analysis and view of the Spring Festival break time and the trend of **, investors should remain calm and cautious in the market, especially in the current uncertain situation.