The Stock Market Plummeted, Experts Analyzed Reasons And Solutions.
Ten years, a rare stock market crash.
The bull market finally stopped yesterday. The A share market suffered a rare stock market crash, and more than 2000 stocks were down.
Judging from the disk, 26 days, the Shanghai stock index opened at a low level and continued to fall through the four large integer pass of 4500-4200 points.
At the close of the session, Shanghai reported 4192.87 points, plunging 7.40% in the whole day, nearly 30 blocks down, and the biggest one-day drop in 7 years; the Shenzhen index dropped 8.24%, and reported 14398.8 points.
The total volume of the two cities was 1 trillion and 300 billion yuan, with a total evaporation of 4 trillion and 840 billion.
Since the adjustment of the current bull market new high 5178.19 points, as of 26 days two weeks fell to 1000 points.
Gem's performance is even more tragic, down 8.91%, approaching
Limit down
。
Keywords 1. Figures
In the past two weeks, the per capita loss was nearly 135 thousand yuan.
According to flush financial statistics, as at 11:30 on the 26 day, nearly 12 trillion and 100 billion weeks evaporation of 12 trillion and 100 billion.
Flush finance according to the rough number of investors last week, nearly two weeks per capita loss of nearly 135 thousand yuan.
According to the national average wage of 50 thousand yuan last year, the per capita loss of shareholders in the past two weeks reached 2 years and 8 months, and only 4% people realized profits. 80% shareholders lost more than 10%.
Even from historical data, the 26 day slump is rare.
According to Wind statistics, since 2000, Shanghai stock index has lost more than 7% of its single day trading day for only 6 days.
From this point of view, the 26 day market crash is absolutely rare in ten years.
A shares have created 9 new records.
What records will be rewritten in the single day crash that is known as the "A share disaster"?
1. gem means a record drop of 8.91% in a single day.
2. the Shenzhen Component Index dropped 1293.65 points on a single day to set a record.
3., small and medium sized panels fell 854.58 points on a single day, setting a record.
4., the Shanghai stock market fell by 7.40% on a single day, ranking the top ten of the historical drop list (since the implementation of the December 26, 1996 drop / stop system).
5., the Shenzhen composite index fell 8.24% in a single day, ranking the top ten of the historical decline list (since the implementation of the price drop stop system in December 26, 1996).
6., the stock index has plunged 18.84% weeks in two weeks, making a record of 18.84% (since the implementation of the price drop stop system in December 26, 1996).
7. the gem has plunged 25.10% in two weeks to a record.
8., the Shenzhen composite index has a 20.44% week record of a record decline (since the implementation of the price drop stop system in December 26, 1996).
9., the two cities exceeded 2000 shares, and the number of limit records was recorded, and the stocks of Hong Kong stocks were less than 50, which were rare in history.
Keywords 2. Reasons
7 big profits make the market flow into rivers.
1. although some of the HOMS related accounts are cleared by the brokers, there are still five kinds of OTC financing, such as artificial staring, credit or mortgage loans, which will bring heavy pressure to the market.
2. on the previous round, the new financial capital was thawed, and the CSRC issued a new round of 28 IPO approvals on Wednesday.
3., the central bank's interest rate cut is expected to fail. Last week, the number of retail accounts per Annex dropped by 30%.
4., the two balance of the three companies has shrunk more than 60 billion yuan, lowering the leverage effect initially depressed the stock index downward.
5. technology Thursday major stock index big Yin Yang, a typical short form.
6. capital withdrawal, investor sentiment turned pessimistic.
7. peripheral market or now black swan.
The market continues to pay attention to the progress of the Greek situation.
The meeting between the European Union and the Greek finance ministers has ended and the two sides have failed to reach an agreement. At present, low level officials will hold consultations, and the finance ministers will meet again on Saturday.
Keywords 3. Solution
The bottom of the stage is expected to form.
Structural bull market
"
Stocks and bonds
"Or enter the farewell season
Morgan Stanley: the bull market of Shanghai and Shenzhen two cities and gem is likely to have peaked.
There are four main factors to worry about: 1. increase the supply of new shares; 2. under the background of economic slowdown, corporate profits continue to slump; 3. 3.; and 4. high financing balances on circulation.
Anxin Securities: at present, China's economy is very difficult. At the end of this year and early next year, the economy may return to growth track. As of the end of this year, there will be no fundamental change in the bull market pattern of A shares.
Next year, with the recovery of economy, the return of large number of red chips and the possible registration system, there will be profound changes in the A share market.
The Great Wall Securities: IPO funds have been fully thawed, and the expected rebound has not been achieved. Instead, it has suffered a setback. Investor sentiment has once again dropped to freezing point. However, in the face of short-term adjustment, the adjustment of the short-term market has been too large. The bottom of the stage is expected to emerge next week, and the market will pition from a comprehensive bull market to a structural bull market in the second half of the year.
CITIC Securities: with the emergence of the inflection point of real estate and the inflection point of economic fundamentals, the turning point of monetary policy has emerged.
The central bank's interest rate cut and drop in aggregate monetary policy are coming to an end, and the upward trend of interest rates has been established.
Therefore, the "stock debt double cow" foundation has changed, "stock debt double cow" or enter the farewell season.
Key words 4. Dispel doubts
1 question. Has bear market opened?
Fudan University professor Xie Baisan: if the management does not make a statement, it will not produce good news.
A shares
Turn ox to bear
Since June, when it hit a new high of 5178.19 points in more than seven years, the Shanghai Composite Index has fallen 19% by the 26 th, and it is only one percentage point below 12.
According to traditional technology analysis theory, a decrease of 20% is generally regarded as a sign of bear market.
Faced with such quotes, Professor Xie Baisan, director of the research center of Fudan University, Professor of Finance and capital market, said that now the cattle and bear dividing line has been reached. If the management does not make a good statement at weekends, A shares are likely to continue to fall.
If the management takes care of this bull market, the 4192 point of the 26 day's closing point will form a double bottom with 4099 points in May 8th, and A shares will go back to the rising channel again.
2 question. Is the mid-term adjustment finished?
Star Rock Yang Ling: mid-term adjustment is coming to an end, style or consumption.
Yang Ling, general manager of star stone investment and chief strategist, said the mid-term adjustment is coming to an end and the bull market will continue.
And to judge the consumption sector is expected to stand on the next stage of market draught.
Since the start of the bull market, the characteristics of capital drive are very significant.
At the end of last year, we proposed the pfer of large asset allocation to A shares, which is the basis for the first half of the current bull market.
At present, the pfer process of large class asset allocation is still continuing, and the influx of capital will remain normal.
More importantly, at present, there are signs of stabilization and recovery in the macro economy. The performance of listed companies will soon be reversed, and the two half of the bull market will soon merge.
3 question. How to operate after market?
Societe Generale Zhang Yi Dong: after the crash, there must be a rebound, but not suitable for novice participation.
Anxin Securities: not heavy warehouse full warehouse, now do a good job of low suction and high throwing plan.
Zhang Yidong, a strategist at Xingye securities, said that the rebound after the crash and subsequent consolidation were not suitable for ordinary investors, especially novice players.
He suggested that ordinary investors give capital to prudent professional investors.
Gao Shanwen, a research superbrand, believes that the current operation is not acceptable.
Heavy warehouse full warehouse
At present, the scheme of low suction and high throwing is good at present. China Merchants Securities believes that intermediate adjustment is often the node of style conversion in bull market.
Optimistic about this year's basically no rise in the financial sector, in addition to the valuation advantage, there is no lack of catalyst in the future, similar plates and consumer food and beverage, household appliances, as well as cyclical building materials, non-ferrous metals, coal and so on, especially the White Horse Blue stocks are more worthy of attention.
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