Shanghai Stock Index Rebounded Again After Diving, Gem Fell 2%

Insiders said that after the stock market crash, the market driving force gradually shifted from valuations to performance. However, due to the weak economy, it took time to digest and the market was in a stage of shock.

Judging from the performance of the national team last week, the intensity and frequency of the guard have weakened. It seems that the power of the ups and downs will be more to the market.

In the afternoon, the Shanghai Stock Index dived again and plunged again, and then fell to the 3700 point mark.

Fell 2%, two cities, more than 2000 shares fell.

As of press release, stock index fell 1.83% to 3686 points, Shenzhen index fell 1.81% to 12478 points.

On the disk, building materials, buildings, ships and other plates are among the top gainers.

Tourism, insurance, real estate and other sectors dropped significantly.

Analysts pointed out that the market needs time to exchange for future upwards space, which reflects the current or is still at the bottom stage.

On the news side, from last week's national team's performance, the intensity and frequency of the guard have weakened, and it seems that the power of the ups and downs will be more to the market.

However, on the 4 day, the T+0 of the Shanghai and Shenzhen Stock Exchange was changed to T+1. The change of the trading rules further limits the space of the short sellers.

Secondly, following the restriction of the 14 abnormal trading accounts in the early stage, the four super retail accounts were also restricted pactions yesterday, which reduced the irrational fluctuations of the market to a certain extent. Finally, CITIC Securities and Huatai Securities said they would suspend the trading of securities lending from now on. This is a catalyst for the psychology of the market to see more. It also shows that the willingness of the management to maintain stability and do more is firm and strong.

Organically speaking, from the disk side, the rebounding highlights three abnormal characteristics: first, the stock index has rebounded sharply after the sharp rebound, and the characteristics of price deviations exist, indicating that the funds of the off-site funds are hesitant and rebound may be insufficient; two, the Shanghai and Shenzhen stock markets are nearly 600 stocks up and down, but there are also a number of stocks closing down, and the market divergence is still relatively large. Three, yesterday afternoon, the major indexes of the index slowed down, and the market was significantly blocked in the vicinity of the last week's Yin line, indicating that there was a rebound of funds.

This is the deficiency behind the rise, indicating that the road to rebound is still volatile.

On the plate allocation, Anxin securities suggested that we should pay attention to three main lines.

Main line 1: it is suggested that we should pay attention to the plate that will rebound in the second half of the year, including agriculture (livestock and poultry breeding, sugar), telecommunications (Internet infrastructure), electronics (military industry and intelligent manufacturing).

Main line two: the direction of Northeast revitalization is determined, and we should pay attention to high-end equipment manufacturing.

Main line three: the "one belt and one road" continues to push forward, and the railway infrastructure plate is likely to become a "leader."

Founder Securities said that the macro and meso level of the market background showed that economic growth was still weak, and the market driving force gradually shifted from valuations to performance after the stock market crash. However, due to the economic weakness, the conversion of valuations to performance did not take place overnight. It took time to digest, and the market was in a stage of shock at the same time. In August, the firm chose a stable industry, including agriculture, tourism, medicine and biology, food and beverages.

"Securities Research Institute" experts, and poly investment chairman Yu Jun said, the current bull market is different from 07 years, the market will form a bull market with Internet as the leader, high-end equipment, new energy, energy conservation and environmental protection as the growth stocks of two wings.

The "one belt and one road", state-owned enterprise reform and cost reduction are the three "invitations" of cyclical shares participating in the bull market feast.

Yu Jun said that from the initial trigger factor of the bull market, the most core logic is the institutional dividend brought by the reform of state-owned enterprises. Under this impetus, we experienced a rapid bull market and promoted the upgrading of other sectors.

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"Asia Investment Bank is also a national strategy and plays a crucial role in eliminating backward production capacity. From a longer time horizon, this theme will not be a flash in the pan.

In the future market, stocks with clear performance support and valuation advantages will win.