Early today, A – share market to open A big rally, the three major indexes picked up across the board. Maotai headed by the heavy warehouse stocks, but also advanced.
ChiNext rose nearly 3 percent
Early today, the three major index warmer across the board. Two city indexes opened sharply after wide shock finishing, as of the close, the Shanghai Composite Index up 0.67%. Growth Enterprise Index rose nearly 3 percent.
Specifically, to the institutions of heavy stocks rebound, small and medium-sized stocks are generally down. The city fell more than 2,700 stocks, up only more than 1,400.The white wine pulls up high
Moutai rose more than 2.4 percent
Recently a substantial callback to the liquor plate also in the morning to pull up higher.
Among them, the leading stock Kweichow Moutai closed up 2.45% in the morning, the latest price of 1984.5 yuan per share, the market value of nearly 2.5 trillion yuan.
The liquor index rose 3.41 percent.
Shanxi Fenjiu rose by the daily limit, Luzhou Laojiao, alcoholic wine rose more than 6%.
The Mao index rose nearly 3.7 percent
“Teeth Mao” Tongce medical trading limit
At the same time, before the fall of the institutional heavy stocks also began to rebound. The Mao index rose 3.68 percent.
To be specific, Tongce Medical, whose share price has nearly halved, rose by its daily limit this morning, with its latest share price of 231 yuan, with a market value of 74.1 billion yuan. Tongce Medical is a leading stock in oral medical services, known as the “tooth grass” by the market.
In addition, Aier ophthalmology rose more than 8%, WuXi AppTec, China, Mindray Medical rose more than 7%.
Medical beauty plate also recovery, love beauty up more than 5%, Huaxi biological, East China medicine, Lang Zi shares have been strong.
New energy vehicles have skyrocketed
New energy vehicle plate, a large decline in the early opening up, the index rose more than 3%.
Among them, Ningde Times rose more than 6%, BYD rose more than 4%.
New energy vehicle ETF rose more than 3%, turnover of more than 300 million yuan.
Net purchases by northbound funds amounted to nearly 5 billion yuan
By the close of trading, the northbound funds had actually bought nearly 5 billion yuan on the net, including nearly 4 billion yuan from Shanghai Stock Connect, according to Wind data.
U.S. stocks rebounded
The Nasdaq rose nearly 4 percent
It’s worth noting that last night, U.S. stocks also rebounded across the board, with the Nasdaq up 3.69%.
Among them, technology stocks are the main force of the rebound. Tesla’s market value soared by 680 billion yuan after a rapid rebound of nearly 20% in five trading days, while Apple’s market value soared by 510 billion yuan after a 4% rise. The market value of the two shares rose by 1.19 trillion yuan on Tuesday.
Treasury yields retreated
The stock market rebound, mainly because the reasons for the previous collective stock sell-off have changed. Previously, the 10-year US Treasury rose, market analysis, will form a heavy pressure on high valuation of equity assets.
On Tuesday, Treasury yields fell, with the yield on the 10-year note falling to around 1.53 percent.
The yield on the five-year Treasury note fell to around 0.81 percent and the yield on the three-year note fell to around 0.32 percent.
On the news, the U.S. Treasury auctioned $58 billion of three-year notes at a yield of 0.355%, offering a bid-to-cover ratio of 2.69. The move followed a record low of 2.04 endorsements for $62 billion of seven-year notes at a Treasury auction on February 25, which pushed yields higher.
The critical moment
CCTV, pay treasure all voice
It is worth noting that on the eve of the counterattack, Alipay 9 night issued a text calling for trust in the power of the profession, to the performance of the fund manager for a longer time to operate.
CCTV Finance said that chase high to buy white horse stock investors, long-term hold may just be lost time, not necessarily lose money.
Late at night on March 9, Alipay Financial Think Tank released a “letter to investors”.
The letter said that in the current situation of increased market volatility, it is more important to trust the power of the professional, give the investment experience, comprehensive ability, strong withdrawal control ability of high performance fund managers more time to carry out professional operation, with time to exchange for investment value.
Adding new funds is also a way to deal with market volatility. The new base does not have the burden of holding positions, holding a lot of cash, in the face of fluctuations can choose the opportunity to build positions, the market callback just provides a good opportunity for the new infrastructure warehouse.
On March 9, CCTV Finance released a comment that perhaps some investors will say that the recent market, even chasing white horses have been deeply set, speculation “demon stocks” why not?
The recent problem of white horse stock may be that the short-term valuation is too high and needs to be adjusted to digest, so investors who buy high and hold long-term may just lose time and not necessarily lose money.
But short – term fry demon stocks, on the surface, short-term continuous trading, the stock price doubled, looking at people greedy, but once involved in, with speculative funds to game, this is just like the skin of a tiger, take chestnuts from the fire. What’s more, the monster stock is “monster”, lies in the short-term stock price rise, has nothing to do with the fundamentals of the company, and even there are major flaws in the fundamentals, and the stock price fluctuations, ultimately to investors left may be a chicken feathers.
If we lengthen the time cycle, we will find that, like Le TV network, storm technology, thousand yam machine, these former well-known demon stocks, now has become a delisting company. When stocks are delisted, it’s not just a loss of time, it’s probably a loss of money. Finally give you a summary of a sentence, refused to continue the temptation of trading, do not blindly speculation, be sure to stay away from the demon stock.
What do institutions think?
Schroeder believes that the outlook for A shares this year is still cautiously optimistic, although the market volatility increased, but the global liquidity as A whole is still abundant, the bullish trend is expected to continue. High-tech, health care, cosmetics and duty-free sectors such as performance. In the technology sector, the shortage of components has fueled expectations of price increases, and the passive components sector is expected to benefit from higher product prices and better earnings performance. In the long term, chip design companies will continue to benefit from domestic alternative themes, while the application of new technologies will drive up demand for power semiconductor components. In the consumer sector, the policy trend brings a series of investment opportunities, such as carbon neutral policy will benefit the long-term development of new energy vehicles, tax exemption policy is expected to benefit the related industry. On the contrary, they continue to be pessimistic about the outlook for the real estate sector. Although most stocks are undervalued, they may continue to be under pressure under the influence of policy controls.
Harvest Fund Research Department deputy director, consumer fund manager Wu Yue said on March 8, the sharp fall is not sustainable, suggested that we start to think in advance, assuming a rebound, the current fund investment positions, investment variety structure, psychological bearing capacity is matched, otherwise in the rebound need to be optimized.
He believes that in 2021, especially in the first half of the year, it will be difficult to make money in the small year of equity + invest with idle funds + put flat mentality and do not affect daily work and life + avoid chasing up and killing down by all means.
In addition, he added on his microblog today that only looking at the fundamentals without looking at the valuation is a risk, and just looking at the valuation without looking at the fundamentals is another kind of risk. There are two sides of the same body, and the interpretation of the market always goes from one extreme to the other extreme. People are forgetful, it is natural to give short-term high weight and long-term low weight. Under linear thinking, the final performance is consistent behavior to increase market volatility.