On February 28, the three major A-share indexes continued to fall in the afternoon, and as of **, the Shanghai Composite Index fell 191%, the Shenzhen Component Index fell 24%, and the GEM index fell 251%。More than 5,000 stocks in the two cities fell to the limit.
On the disk, multimodal AI, robots, network security, CPO, satellite navigation, computing power, PEEK materials, semiconductors, new energy vehicles and other science and technology themes fell across the board.
Specifically, agricultural stocks rose at the end of the session, Jinjian Rice, Agricultural Development Seeds, Wanxiang Denong, Shennong Technology, etc. were among the top gainers.
* In terms of Kelai Electromechanical fell in the afternoon, with a turnover of more than 3 billion yuan and a turnover rate of 2921%, after 13 consecutive trading days.
Fund flow] Wind data shows that northbound funds were net **13 throughout the day400 million yuan.
The main funds continued to flow into non-bank finance, public utilities, construction decoration, media, banking and other sectors at the end of the session, and had a net outflow from electronics, communications, automobiles, computers, national defense and military industries.
Specifically, the western region, Guomai Culture, and Sugon received a net inflow of 206.3 billion yuan, 176.7 billion yuan, 159.8 billion yuan.
In terms of net outflows, Zhongji Innolight, iFLYTEK, and Oriental Fortune were sold off by 101.1 billion yuan, 89 billion yuan, 6$2.1 billion.
Institutional Views] Yongxing**: Looking forward to the future, A-shares are currently in a period of style rotation, after the previous high-dividend style turned to a growth style, considering that the bond market interest rate is currently at a low level**, and the risk premium rate has fallen but is still higher than in early January, so it is recommended to pay attention to large consumption with both flexibility and certainty. Specifically, it is recommended to choose the asset-light and continuous revenue and cash flow sub-sectors in the large consumption sector.
Hualong **: There may be a certain degree of volatility in the short-term market. (1) Recently, the market has continued to rise, and the short-term benefits of funds are obvious, and some sectors may have the possibility of cashing in earnings. (2) The market is about to enter the "two sessions", the probability of game policy expectations has increased, and there is a possibility of switching tracks for funds. However, overall, liquidity has improved and confidence has been increasing, and it may be difficult for the market to reproduce large fluctuations, so it is possible to actively grasp the opportunity to enter the market after market adjustment and optimization.
Oriental**: The market continues to repair after the holiday, the market risk appetite increases, the stock index is expected to be at an important integer mark, the market bullish factor still exists, and the mid-term bottom of the market before the holiday is basically established, and the market is an opportunity to enter the market.