Yesterday's market review:
Yesterday, the **index** of the two cities fell, and the main index of the double index accelerated downward and hit a new low in this round of adjustment. In terms of sectors, sectors such as genetically modified organisms, human brain engineering, and food concepts resisted declines, while sectors such as high-bandwidth memory, chiplet concepts, and eSIM performed weakly. Aspect: 309, 25; **5007, 95 down. The total turnover of the Shanghai and Shenzhen markets was 663.6 billion, a decrease of about 141.6 billion from the previous trading day. Northbound funds had a net inflow of 3.2 billion yuan throughout the day.
Today's **Outlook:
Yesterday, the two cities continued to fall weakly, the lethality of the market is still larger, from the performance of small tickets since January, the median decline has been close to 20%, we believe that the main and recent annual report forecast ushered in the peak period has a certain relationship, in recent years, the overall risk appetite of small market capitalization varieties in January is not satisfactory, but we believe that after the continuous risk release, the peak period of the annual report in February is expected to usher in the repair of a period of backward small market capitalization theme varieties, Therefore, after investors survived the two-day emotional downturn, we believe that the ** in February is expected to clear the clouds.
Peripheral Markets:
The three major U.S. stock indexes were mixed, with the Dow hitting a new all-time high; The three major European stock indexes closed in the red across the board, and France hit a record high.
**Analysis:
Domestically, the Shanghai Municipal Department of Housing and Urban-Rural Development issued a document stipulating that non-residents with household registration who have paid social insurance or individual income tax for five consecutive years or more in Shanghai are limited to one house from January 31, so as to better meet the reasonable housing needs of residents and promote regional industry-city integration; In addition, Suzhou and other places have canceled the purchase restriction policy, and the listing of real estate agents in various places has surged, which will stimulate the real estate sector to increase volatility in the short term. In early trading, the Shanghai and Shenzhen indices opened low and fell to the limit** increased significantly, the battery wheels and cultural media in the sector were among the top gainers, and the Shanghai Free Trade and Shanghai Enterprise Reform were among the top decliners.
Huizheng Comments:
The real estate market and the ** market have become the focus of widespread attention, and housing prices in many places have shrunk sharply, on the one hand, they have been forced to introduce policies to stabilize the market, and various cancellations have been lifted to limit purchases; On the other hand, the recruitment enterprises began to arrange housing for the employees themselves, and arranged staff dormitories as soon as they entered the company to stabilize the medium and long-term work expectations of the employees, which completely interrupted the living plight of migrant workers in coastal cities and reversed the balance between supply and demand of housing sales and housing rentals. Pay attention to ultra-falling growth stocks such as energy batteries, photovoltaic wind power, chip semiconductors, etc., and closely track the general trend of PetroChina, the No. 1 "monument" stock in the East in 2024, before May 20.
Risk Warning:
The market is risky, and investors need to be cautious. Shanghai Huizheng Financial Consultant is an investment consulting company approved by the China Securities Regulatory Commission, with a unified credit code of 91310107MA1G0KQW5N. This article is for investor education purposes only and does not constitute any investment advice, and investors do so at their own risk. The information contained in this article is accurate and reliable, but does not make any guarantee for its accuracy, completeness and timeliness, and does not assume any responsibility for all losses caused by investors' investment based on it.