Today, the Shanghai Composite Index stopped rising for 8 consecutive days, and the "99 sunny days" that investors were looking forward to were disappointed.
Up 8 days, down 1 day, it's really not worth making a fuss. A drop is more conducive to the later **.
In terms of broad-based index, Wind All A is **-0 today09%；CSI 300, CSI 500, CSI 1000, and CSI 2000 rose respectively. 57% and 175%。The small-cap style continues to outperform.
At the industry level, machinery and equipment (317%), automobiles (189%), home appliances, light manufacturing, and environmental protection led the rise, with an increase of more than 1 percentage point; Banks (-251%), coal (-2.).23%), utilities (-189%), non-bank finance, and food and beverage led the decline, all falling by more than 1 percentage point. China Special Valuation Related Sectors**.
In terms of trading volume, the full-day turnover was 991.1 billion yuan, the highest value after the holiday, and 68.3 billion yuan higher than the previous day.
Combined with the cumulative increase since the beginning of the year, coal 1462%, banks 105% rose to the top, accumulating a certain amount of profit; Electronics, national defense and military industry, computers, medicine and biology, environmental protection, and power equipment still fell by more than 10 percentage points.
In other words, there are still a lot of opportunities in the market at this stage. Funds tend to rotate between sectors rather than flow out of **. After all, the two sessions are approaching, the fundamental expectations are expected to improve, the absolute value of the index is still low, there is still room to continue, and it is not yet time to exit.
Judging from today's rise and fall between sectors, some funds have flowed out of the relevant sectors of the special valuation and continue to chase growth and over-falling sectors.
Is there no chance for the special valuation sector? Probably not.
There are two core catalytic factors for China Special Valuation, one is high dividends, and the other is the merger and restructuring and improvement of operating efficiency under the reform of central state-owned enterprises. At present, the dividend yield of the special valuation sector is still attractive, and the logic of the reform of central state-owned enterprises has just begun to be deduced, and it is far from the end.
At this stage, the risk appetite of funds is still low, and as a typical stable sector, China Special Valuation is still very attractive. As long as there is an inflow of funds, the special assessment will continue. Today's ** is just**.
At the index level, it is a high probability event to adjust for two days and continue.
In terms of structure, China Special Valuation and TMT are still the two main lines.