Sunday , June 11 2023

The watch South Zhengyan: Shares A malfunctioning. The selling pressure prevails | News of Economic & # 39; Daily


the A shares performed poorly, and almost fell with heavy weights & # 39 On the first day of & # 39; the 2019 exchange,; everything. Of the top 50 companies in total market capitalization of the two cities, only five companies have changed their stocks. The majority of stocks & # 39; & # 39 concept; 5G stayed b & # 39; health yesterday, but were unable to reverse the general market decline. At the close, the Composite Index of & # 39; Shanghai fell 1.15% to 2465.29 points, the Shenzhen Composite Index fell 0.91% to 1256.39 points, and the Board & # 39; SMEs and the Composite Index & # 39; & # 39 ChiNext fell; 0.88% and 0.95% respectively.

The general mood of the disc was sluggish, banks and stocks & # 39; insurance remained weak, and performance & # 39; related stocks in & # 39; Shanghai Automobile and other manufacturing industries not good. There was also pharmaceutical companies such Kangmei Pharmaceutical, Jichuan Pharmaceutical, Huadong Medicine, and Lepu Medical. Continue plunge. There are many incentives for pharmaceutical stocks decline. First, after the centralized policy on drug purchase is still there. Second, the slowdown of & # 39; Kangmei Pharmaceutical shake the confidence of & # 39; some investors in other pharmaceutical stocks.

During the holiday of the New Year, the official index of the South China manufacturing purchasing managers (PMI) for December 2018 was & # 39; 49.4%, a record low since August 2016. In so, the PMI Manufacturing index Caixin of Manufacturing & # 39; December 2018 newly announced was & # 39; 49.7%, the lowest since June 2017. This data group as a whole slows industrial enterprises. Investors may doubt the performance of the relevant stocks in the first quarter, declining to buying, and selling pressure temporarily existed.

In addition, the market funds after the holidays were strict unexpectedly. It is reasonable to say that the beginning of the fund & # 39; monthly usually relatively loose, but the rate of & # 39; repurchase yesterday in ongoing exchange & # 39; high, and the price of & # 39; national debt once touched 20%. I must say that this situation forces people feel a little surprised.

At the level of & # 39; individual stocks, the Eastern Communication continued to limit & # 39; her day for the third consecutive day of trading, which also led to an increase & # 39; & # 39 some stocks; concept & # 39; 5G, such Xintian Technology, Eastcom Peace, Nanjing Panda, Daan, Orvieto and Communications. The 5G concept is relatively large subject, because this is the key technology field in China, and the market speculation theme naturally has its rationality.

Furthermore, when economic indicators fail, the difficulty of raising the stock market is rising, especially suspicion of & # 39; traditional stocks & # 39; blue chip. F & # 39; in this case, it is logical to select varieties that have great imagination in & # 39; terms & # 39; performance. B & # 39; taking into account the actual "problem between risk and benefit", 5G and other topics naturally become target & # 39; good investment.

Although the market temporarily not work enough, this situation is not & # 39; should have a much inertia. Investors can hold shares for a while, and m & # 39; there is a need for & # 39; panic because the fall & # 39; one day. In my opinion, the tightening of funds is relatively easy problem to solve. Can & # 39; is that investors can see the actions taken by relevant parties today. With respect to the relevant industrial stocks, given that these varieties have been adjusted for a long time, the space for further reduction in the future should be relatively limited.

Some investors may think that the first day of the new year indicates the direction of & # 39; A shares during the year. Can & # 39; just say that reliability is questionable. In 2018 only, the first day of trading closed Zhongyang line, but the stock indices badly deteriorated sharply during the year.

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