[Epoch Times October 27, 2021](Epoch Times reporter Liu Yi comprehensive report) On October 27, the three major stock indexes of China’s A-share Shanghai Index, Shenzhen Component Index and ChiNext Index closed down across the board, and 3,519 stocks in the two markets fell. .
Based on the news from the Mainland China Paper and Hong Kong’s “Hong Kong Economic Journal”, the Shanghai and Shenzhen stock markets in China opened lower on the 27th, and the two markets broke out of unilateral declines.
From the perspective of the half-day trend, after the Shanghai Index opened 7 points lower, it fell by up to 43 points or 1.21%, reached as low as 3553 points, and closed at 3564 points, down 32 points or 0.92%. After the Shenzhen Component Index opened lower, it fell by 204 points or 1.41% at most, to as low as 14,348 points, and closed at 14,388 points in the half-day, down 164 points or 1.13%. The ChiNext Index reported 3294 points, a half-day drop of 33 points or 0.99%.
In the afternoon, the Shanghai and Shenzhen stock markets remained weak and volatile.
As of the close, the Shanghai Composite Index was at 3562 points, down 35 points or 0.98%, and it was as low as 3553 points during the session; the Shenzhen Component Index was as low as 14,348 points, down 204 points or 1.41%, and closed at 14,393 points, down 159 points or 1.09%; ChiNext Index reported 3308 points, down 18 points or 0.56%; CSI 300 Index reported 4898 points, down 64 points or 1.31%.
Statistics from data service provider Wind show that 893 stocks in the two cities rose, 3,519 stocks fell, and 81 stocks were flat.
On the 27th, the total turnover of the Shanghai and Shenzhen markets was 1.076.8 billion yuan (RMB, the same below), breaking through 1 trillion yuan for the fourth consecutive trading day, a decrease of 5.5 billion yuan from the 1.082.3 billion yuan in the previous trading day. Among them, the Shanghai stock market turnover was 470.8 billion yuan, an increase of 5.6 billion yuan from the previous trading day’s 465.2 billion yuan, and the Shenzhen stock market turnover was 606.1 billion yuan.
The total net outflow of northbound funds was 3.043 billion yuan. Among them, the net inflow of Shanghai Stock Connect was 846 million yuan, and the net outflow of Shenzhen Stock Connect was 3.889 billion yuan. Northbound funds were suspended for 6 consecutive days of net purchases.
In terms of sectors, all sectors generally fell. On the list of decliners, the coal sector fell by more than 4%, and the sectors fell across the board. Yanzhou Coal, Pingdingshan Coal, Lu’an Environmental Energy, Kailuan, Baotailong, Haohua Energy and other stocks A drop of more than 5%. In addition, more than 10 sectors including paper, home appliances, building materials, wine, and securities fell more than 2%; non-ferrous metals, finance, and steel stocks fell by more than 1%; power stocks bucked the market and rose by more than 3%.
Regarding the performance of the stock market on the 27th, Phoenix Finance quoted Soochow Securities’ analysis that the current market hotspots are relatively low and the sector rotation is gradually proceeding. On the 26th, the tentative upside of the major indexes failed, but the short-term bullish trend has not changed for the time being.
Northeast Securities believes that the recent rapid rotation of the stocks and the decline in stocks reflect the structural characteristics of “the shape does not disperse”: although the hotspots rotate fast, the hotspots have not spread significantly, and are still concentrated in New energy, price-increasing resources, consumer goods index, and technology growth stocks such as military industry, chips, and Xinchuang have repeatedly rotated. Therefore, it is difficult to reproduce the scenario of a general rise in the market or a general rise in themes under the stock game in the short term.
The Paper quoted Guotai Junan’s analysis as saying that the main point of the index trend in the market outlook is to see whether high-level stocks have a loss effect. If a large-scale replenishment is made, it is necessary to wait patiently for the adjustment to end.
In terms of operation, Soochow Securities recommends that investors choose mid-to-low positions to participate in the market hotspots’ rotating speculation. It is not advisable to blindly chase highs. They can wait for the market to effectively break through the upper moving average suppression and then gradually increase their positions. If the index turns its head down, proceed The corresponding lightening action.
Northeast Securities recommends that investors pay more attention to the bottom-up opportunities of individual stocks in the mainstream sector in the game of individual stocks.
Editor in charge: Fang Ming
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