The prefix stage of the board is ebbing, and the shrinkage adjustment is expected to usher in a round of rise
Today's news:
[U.S. stocks opened higher and moved higher, the S&P 500 index and the Dow Jones continued to hit record highs].U.S. stocks opened higher overnight, and the three major indexes collectively closed higher. The Nasdaq rose 112%, the highest since January 2022; The S&P 500 rose 076%, the Dow rose 059%, both of which continued to hit a record high. Most of the large technology stocks**, Tesla rose more than 4%, Nvidia rose more than 2%, Amazon, Meta, Microsoft rose more than 1%, Google, Netflix slightly**; Apple slightly**. Autonomix Medical Inc., a medical device development company(AMIX) rose 1 on the first day of the U.S. IPO4%, up about 52% at one point.
[Triggered by the unsettled lending of restricted shares**? Verification: This statement is not true].After the issuance of the new rules on securities lending and lending, there is a view that some of the shares that have not yet been closed and sold without securities lending will be sold at an accelerated pace in the process of bond repayment, which will form selling pressure and affect the market. Or take advantage of this time window to "sell high and buy low". The reporter learned from various sources that the statement that "the unsettled sale of restricted stocks caused a sharp fall" is not valid.
[The six tracks are good! The latest joint release of the seven departments to promote the innovation and development of the future industry].On January 29, the Ministry of Industry and Information Technology and other seven departments jointly issued the "Implementation Opinions on Promoting the Innovation and Development of Future Industries". Facing the six key directions of future manufacturing, future information, future materials, future energy, future space, and future health, the "Opinions" proposes to give full play to the advantages of the new first-class system, and guide the local government to combine the industrial base and resource endowment, reasonable planning, precise cultivation and dislocation of the development of future industries.
[100 billion funds"**ETF turnover is rapidly expanding].In the past two weeks, the turnover of domestic ETFs has expanded rapidly, and hundreds of billions of funds have been sought after by investors.
[The financing balance of the two cities decreased by 34.]8.5 billion yuan].As of January 29, the financing balance of the Shanghai Stock Exchange was reported at 80412.6 billion yuan, a decrease of 5300 million yuan; The financing balance of the Shenzhen Stock Exchange was reported at 72259.6 billion yuan, a decrease of 29 from the previous trading day$5.5 billion; The total of the two cities is 152672.2 billion yuan, a decrease of 34 from the previous trading day8.5 billion yuan].
[The net outflow of northbound funds was 2 billion yuan].As of noon**, there was a net outflow of 197.9 billion.
This morning, ** opened 17 points 2866 points low, bottomed out 2853 points, rushed up 2878 points, and closed 2865 points before noon. The SSE 50, CSI 300, Shanghai Composite Index, Shenzhen Component Index, ChiNext, STAR Market, CSI 500 and CSI 1000 fell. 63%。*The change-limit ratio is 947:4230, and the change-limit ratio is 20:44. The half-day turnover of the two cities was 401.5 billion, a decrease of 123.1 billion from the previous trading day.
Recently, since the State-owned Assets Supervision and Administration Commission (SASAC) emphasized that market value management has been included in the performance appraisal, you capital has pulled out 5-6 daily limits for more than 10 Chinese stocks and 10 Shanghai state-owned stocks, which has alarmed the market. First, because of these boards, not to mention that there is no high dividend rate of 6% like the four major banks, and even some are still loss-making stocks and do not pay dividends all year round. Second, there is no major asset restructuring action by the SASAC. The third is that its industry belongs to the sunset industry, surplus industry, and even crisis-ridden industry, and the market is worried that once these board stocks dive, the lethality of the index will be great. As a result, other stocks suffered heavy setbacks under the blow of many factors yesterday, and investors indignantly said that "the bailout of the market has become a stock market crash".
Sure enough, yesterday there were four ** out of the "sky floor", such as Huajian Group, special information (yesterday 20%, today down limit), Jiuding Investment (yesterday 20%, today down limit), Xiangyi Rongtong, Shanghai Kaixin (yesterday -20%, today -14.).4%）。This morning, in addition to the 6 consecutive boards of China Television Media, the rest of the board stocks brushed down or fell sharply, so that the indices were hit again, and the gem fell 111%, the Science and Technology Innovation Board fell 208%。
This morning's trading volume shrank to 405.8 billion, a sharp decrease of 125 billion from the previous day. In addition, the trading volume of Shanghai and Shenzhen exceeded ** for the first time, indicating that the Shenzhen Component Index and the Growth Enterprise Market have fallen to a miserable level.
I think there is a problem with the direction of the bailout. Focusing only on the Chinese prefix and state-owned enterprises, but not emphasizing high differentiation, low valuation, excellent performance, and good growth, the market only looks at the name of the central and state-owned enterprises, and the high-quality high-tech central enterprises without the Chinese character have suffered heavy setbacks. At the same time, central enterprises are required to carry out market value management, so don't private enterprises need market value management? Can you throw away the garbage on the spot? Moreover, when emphasizing the inclusion of market value management of central and state-owned enterprises in performance appraisal, they forgot that last year's senior leaders emphasized that "the promotion of the digital economy should be included as an important indicator in the evaluation of cadres".
Fortunately, seven departments, including the Ministry of Industry and Information Technology, jointly released six major tracks to promote the innovation and development of future industries, all of which are emerging industries. It is also proposed to give full play to the advantages of the new first-class system, and accurately cultivate and dislocate the development of future industries. I understand that it is a correction of the seven major departments to the market speculation of Chinese and state-owned stocks. Strategic new industries should be the mainstream direction of the A** field, and it is also the top priority in the United States, and it should also be the leader and hub of this round of bailouts.
In my opinion, the top stocks of Chinese state-owned assets with broken net, high differentiation, low valuation and high growth should rise, but not as exaggerated as five or six boards. The small- and medium-sized technology growth stocks with excellent performance, high technology, high growth, core technology and international competitiveness should occupy a prominent position in the first-class valuation system with Chinese characteristics. Otherwise, there will be no future for A-shares, and there will be no future for China's economy.
Yesterday and this morning's ** once again showed that in the face of nearly 5,400 A-shares with a market value of 80 trillion yuan, the market is seriously oversupplied, and it is difficult to reverse it by relying only on market stock funds. The downturn of the market is seriously over-falling, and the national team with insufficient strength can only maintain the strength of bank stocks, and even the four major ETFs can't hold on, and they have been defeated one after another, not to mention the entire market.
For this reason, I still have to call again, on the one hand, the suspension of new shares and the delay in issuance, and it is extremely irrational to rush to issue 5 new shares this week. On the other hand, we must launch a huge amount of equalization as soon as possible, in order to unite all parties in the market, restore investor confidence, attract a large number of new funds into the market, and form a joint united front to rescue the market, so as to end the bear market, embark on a slow bull track, catch up with the global trend of breaking new highs, and make China an important starting point for China's economy.
Afternoon attention: Can the lower part close above 2860 points? Can the upper side close above the 20 antenna 2874 points? Can the four major ETFs and bank stocks of the national team protect the market turn from falling to rising? Can small and mid-cap stocks rotate up? Can the net outflow of northbound funds in the morning become a net inflow on the basis of 2.1 billion yuan? 947:4230 ** disparity of the situation of more ups and downs can be improved? Can the trading volume be above 650 billion?