The market rose, technology stocks fell; The market is down, but tech stocks are still down. Today, technology stocks in the electronic, communication, computer plate are a new low stage, what happened in the end?
Top stocks were sold off again
The fund issued hot, incremental money into the market to promote the fund to continue to increase the number of stocks, photovoltaic, liquor, lithium battery into the most favored stock funds and institutions, this kind of stock valuation continues to hit a record high, the stock price also stands at a high. The market has continued to adjust recently, many early funds favored by the year and a large rise in stocks were sold off, the stock price fell sharply, there is still no sign of the end of the adjustment.
Today morning, Longji shares, sunshine power supply fell by more than 9%, the group stocks again sharply fell, the main outflow, such as Kweichow Moutai, Longji shares, Wuliangye, sunshine power supply, Luzhou Laojiao net outflow of 1.5 billion yuan, 760 million yuan, 700 million yuan, 500 million yuan and 455 million yuan.
The divergence of carbon neutral concept stocks has increased. The leading companies Huayin Electric Power and Sinoma Energy Saving Co., Ltd have broken the stock market in the trading session. Some stocks, such as Hangzhou Boiler Stock and Huaneng Hydropower Co., Ltd., have dropped after the high opening.
Technology stocks took a beating, hitting new lows
Market sentiment is not stable, high stock correction; But tech stocks, which have been in a correction for more than half a year, are still falling, with no end in sight. A – share technology stocks continued to slump, technology stocks also became the hardest hit today, chip, communication, semiconductor stocks suffered heavy losses.
In early trading today, the Shenwan Electronics Index fell 2.21%, hitting a new low since July 2020. The telecommunications index fell 1.74 percent to near a two-year low, while the computer index fell 1.09 percent to its lowest level since February 2020.
Among individual stocks, the share price of Transyuan Communications fell by the daily limit, while nearly 30 technology stocks, including Lionwei, Shilan Micro, Wanxing Technology, Shennan Circuit, ZTE and Kingsoft Office, fell by more than 5%.
The main reason for the big drop in tech stocks is that after a big rally in 2019 and the first half of 2020, valuations are too high for short-term earnings to support.
Tech stocks have been selling off recently on fears that rising Treasury yields and higher inflation expectations will prompt central banks around the world to raise interest rates, a move that will hurt high-valued growth stocks.
According to Databao, the latest prices of 15 companies, including Fab Information, China Crystal Technology, Jida Zhengyuan, Chengmai Technology, Longli Technology and Hanbang Hi-Tech, have fallen more than 40 percent from their highs this year. Looking at the extended period, the latest price of more than 230 companies has halved from its peak since 2020.
Performance is expected to reverse the company’s share price ushered in the outbreak
Recently, in the A share shock and decline, most of the 2020 performance of A large loss of the company has fought A turnround, share prices bucking the trend of higher, such as air transport, duty-free shops, online tourism, film and television index and other sectors leading the rise. This kind of stock 2020 performance affected by the epidemic is greater, most of the company’s performance substantially anticipated losses. However, as the epidemic improves, there is a good chance that these stocks will see their earnings and valuations recover this year. The agency’s earnings forecasts for such companies provide a glimpse of what is going on.