When The "Stock Market Disaster" Broke Out 1St Anniversary, The Market Was Plunged Into Panic Again.

5 beginning in mid and late June, the Shanghai composite index was wearing "mutton string" near 2800 o'clock, and then arranged at 2900 points.

But after 13 days of a few bright spots in the market, it is worrying whether it will become a signal of a downward breakthrough. Of course, it will not be ruled out. This is a "violent bath" before the market started.

"It's hard to judge recently.

You see, the turnover is so low every day. Our focus is on selecting stocks.

A fund manager in Beijing who ran private last year said to Ben.

Uncertainty increases

Although some well-known analysts have thrown out the idea of "A shares 20% rising space" before, but in June 13th, A shares remained low and slowed down at the end of the session. At the close, the Shanghai stock index fell 3.21%, the gem index fell 6.03%, the two cities exceeded 200 stocks, and 28 Shen Yi lines were floating green.

From the point of view of the plate, banks, nonferrous metals and national defense industries are relatively small, while the growth industries such as media, integrated computing and computers are all down by more than 6%.

The concept of driverless driving, OLED, touchscreen, gambling and other concepts dropped by more than 6%. Especially noteworthy is that the new stock market that had been frequently promoted for some time has become the hardest hit area of adjustment, and is also regarded as the most important promoter of the "Dragon Boat Festival".

From the 2800 point of "mutton string" to the consolidation of 2900 points, A shares have been on the up and down 200 points for some time.

For a 13 day slump, a considerable number of analysts took the lead in pointing to a sharp fall in the peripheral market of the Dragon Boat Festival holiday: in from June 9th to 10th, the US dollar index rebounded from 93.57 to 94.65, offshore breakthroughs 6.6, global commodity prices plummeting, and NYMEX crude oil down to 48.88 US dollars.

"I don't feel normal in the current market.

These two days are quite numerous, both at home and abroad, both at home and abroad. The Fed's Conference on interest rates, the outflow of funds from Shanghai and Hong Kong, the MSCI may be lower than expected, and the cross over of the United Kingdom from Europe is likely to have an impact.

A private senior fund manager in Shanghai told reporters privately that today's plunge is another manifestation of investors' overreaction.

Many analysts pointed out that the recent entry of information sensitive period in overseas markets may trigger changes in the global risk appetite, which will naturally have a greater impact on A shares, and the uncertainty of the market will increase.

For example, Beijing time this Tuesday night MSCI will publish the results of the index annual review, A shares can be included in the attention of the short-term A share risk preference will also have a certain impact.

After a drop of nearly 100 points, the market has returned to a small platform around 2820 o'clock.

One of the worries of the market is that after 13 days of slump, the box market which lasted for a period of time seems to have a downward trend.

"Now this trend can happen.

I can't judge this kind of thing. "

The senior fund manager in Shanghai said.

Looking back on the trend of A shares this year, the Shanghai Composite Index repeatedly took off on the platform around 2800 or "wearing mutton string", which seems to indicate that the 2800 point can be used as a judgement for the bottom of A shares.

However, a considerable number of people interviewed were reasonable in view of the fall.

"Quite a while ago.

So today I think it's normal to crash. "

A private Shenzhen boss said.

"I think it's a normal fluctuation, and there is always such a big fluctuation in the market.

Now, the uncertainty of external information has not been seen from my point of view.

This year is a relatively balanced market. In the short term, the market is not clear.

A Post-80 public fund manager in Beijing also holds the same view.

The chief executive of the finance and investment fund, Xiao Hu, believes that the broad shocks will remain the market characteristics of the future in the medium term.

Regarding the post market investment, the business tiger believes that

Crucial.

"No empty warehouse, there are some positions.

But the warehouse is not high. "

A private investment director in Beijing privately exchanged with reporters, frankly speaking, the short-term market is not clear, but some institutional opportunities do not want to miss, so a few chips have been added to the promising sector.

Since the crash in June 2015, there have been two intermediate stages.

If the film and television IP is laid ahead of schedule in September 2015, the new energy vehicle chain and poultry breeding chain will be laid ahead of schedule in March 2016.

Therefore, in the current stage of stock capital game, fund managers have focused their attention on structural opportunities.

"I think so. In the long historical rule, most of the timing is not sustainable.

I think we should keep a center of position and do not make too many short-term judgements.

It can be a short-term game, but I do not recommend a big game.

I think I'm neutral, I don't think it's a good time, and I don't think it's panic. "

The above Beijing public fund manager told this newspaper.

Founder Securities Strategy Analyst Hu Guopeng believes that the core factor of the current market is risk preference, which is also the core consideration factor of the valuation market rebound.

With the middle of June, the Federal Reserve meeting and MSCI will dust the ground.

Will be gradually restored.

For the 13 day crash, there are also analysts pointed out that since the May 31st surge, some early plate and stocks accumulated a certain increase.

Under the condition of a shock market, the sensitivity of market funds is high, and there is a lot of consideration for earnings.

It is not difficult to find a second round, when the previous strong new shares began to fall, triggering further decline of other sectors, the two groups of gem leading stocks, such as the storm group and the music network, were both down.